Today news
About the same in other media
Bitcoin, Stocks Largely Unmoved as China Evergrande is Declared in Default
Reading now: 712
cryptonews.comThe price of bitcoin (BTC) and US stock futures are largely unmoved today after the expected news broke that Chinese property development giant Evergrande for the first time has failed to pay off a US dollar-denominated debt obligation.
The news that Evergrande has defaulted was first reported around 09:00 UTC, after the major financial ratings agency Fitch earlier in the morning published a note on its website saying that the company has been downgraded to “restricted default.”
The downgrade by Fitch applies to Evergrande, as well as its subsidiaries Hengda Real Estate Group Co., Ltd and Tianji Holding Limited, the update said.
According to Fitch, the downgrade is a result of a failure by the company to pay coupons due on November 6 after a
Read more on cryptonews.comAbout this in other media
China’s state-run news agency to launch NFT collection cointelegraph.com /2 years ago
Binance VC arm leads $60M round in cross-chain protocol Multichain cointelegraph.com /2 years ago
20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
