Debt

Only 6% of Global Sovereign Debt is AAA Rated Now

After Fitch downgraded the US credit rating earlier this year, the portion of top-rated government bonds fell to just 6% of the global outstanding sovereign debt.

China to Cut Stocks’ Stamp Duty for First Time Since 2008 as Market Hits 9-Month Low

If materialized, the proposed stamp duty cuts of 50% would mark the first such move in 15 years.

Fitch Ratings Downgrades US Debt to AA+ Citing “Erosion of Governance”

Prominent credit rating agency Fitch downgraded the US sovereign debt from AAA to AA+ on Tuesday.

Increase in Buy Now Pay Later Debt Amid Weak Regulations a Systematic Threat: Report

BNPL payments exceeded $120 billion in 2021 and are projected to grow by 24% over the next three years.

US Credit Card Debt Increased by $46B in Q2 2022 as Inflation Woes Continue

Americans pile up credit card debt as surging inflation causes a record increase in consumer debt.

Babel Lost 8,000 BTC and 56,000 ETH While Trading Customer Funds

Cryptocurrency lending firm Babel Finance lost 8,000 BTC and 56,000 ETH (worth $280 million) in proprietary trading with customer funds.

China’s Evergrande Collapse Could Reveal Systemic Economic Fraud

If Evergrande collapses it could reveal that the Chinese economy has been built on a house of cards

Coinbase Sells $2 Billion of Debt Via Junk Bonds

Coinbase boosted its junk bonds offering from $1.5B to $2B after receiving $7 billion worth of orders.

By Selling $13.8 Billion in Corporate Bonds, the Fed Signals the End of Emergency Measures

Many companies used the Fed-leveraged corporate bonds for even heftier executive bonuses and stock buybacks.

Pandemic Opportunities for Boosting Credit/Paying Off Debt

While COVID-19 has caused some financial hardship, you could use the situation to reduce expenses — and your debt.

BitBond Concludes Security Token Offering with Investors from 87 Countries