CBs are public institutions with policy mandates; they typically transfer their excess #profits to the fiscal authority. The usual concept of #solvency does not apply, chart @BIS_org https://cutt.ly/E8zM2nv
#FTX, the #crypto exchange that dramatically collapsed last month, said it was suffering a "liquidity crisis". But in fact it is deeply #insolvent. What is the difference between #liquidity and #solvency, and why does it matter? https://www.coindesk.com/consensus-magazine/2022/12/14/after-ftx-explaining-the-difference-between-liquidity-and-insolvency/
#ftx #crypto #insolvent #liquidity #solvency
#FTX, the #crypto exchange that dramatically collapsed last month, said it was suffering a "liquidity crisis". But in fact it is deeply #insolvent. What is the difference between #liquidity and #solvency, and why does it matter? https://www.coindesk.com/consensus-magazine/2022/12/14/after-ftx-explaining-the-difference-between-liquidity-and-insolvency/
#ftx #crypto #insolvent #liquidity #solvency
Sequoia Capital marks down entire $214M FTX stake to zero - The venture capital firm assured partners it ran a rigorous due d... - https://cointelegraph.com/news/sequoia-capital-marks-down-entire-214m-ftx-stake-to-zero #sequoiacapitalglobalequitiesfund #assetsundermanagement #globalgrowthfundiii #sequoiacapital #insolvency #solvency #google #airbnb #apple
#apple #airbnb #google #solvency #insolvency #sequoiacapital #globalgrowthfundiii #assetsundermanagement #sequoiacapitalglobalequitiesfund