Cryptoverse: Bitcoin beats the heat in a jumpin’ July

Posted on August 2, 2022 by firdaus

A representation of virtual currency bitcoin and a U.S. one dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said that…

Betting on a recession, U.S. distressed debt funds seek fresh capital

Posted on July 27, 2022 by firdaus

NEW YORK, July 27 (Reuters) – Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession will create more opportunities to snap up and profit off troubled companies’ debt, according to multiple sources. Investment firms including Oaktree Capital Management, GoldenTree Asset Management, Monarch Alternative Capital…