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Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
22.5.2020
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment...
Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout
28.4.2020
Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of...
Bankruptcy Trustee to Hand Quadriga Users’ Information to Canadian Taxman
27.3.2020
The bankruptcy trustee overseeing the winding up of crypto exchange QuadrigaCX, will be turning all user information over to the Canada Revenue Agency
Coronavirus Prompts Fed to Slash Interest Rate – Stocks Slide, Gold Spikes, Bitcoin Uncertainty
4.3.2020
The U.S. Federal Reserve slashed interest rates by 50 bps on Tuesday citing concerns about the coronavirus outbreak against the bleak economy. The last time the central bank slashed rates by leveraging an “emergency rate shift” by half a percentage point was after Lehman Brothers filed...
FCoin Working to Resume Operations, Promises to Return Lost Funds
27.2.2020
FCoin announces its relaunch, promising to repay all its users
FCoin Blames Poor Auditing for Shutdown, but Others Suspect Exit Scam
22.2.2020
Is FCoin another exit scam in the cryptocurrency exchange scene or is its insolvency simply due to ineptitude on the part of the company?
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up
18.2.2020
Recent reports show that major marijuana companies are running out of money, and businesses in Canada are especially in danger of becoming illiquid. Major producers in the weed-friendly nation have just over 6 months of cash on hand, according to the information, and comparable companies in...
London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation
9.2.2020
London-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficulties and is now being liquidated. Despite rising crypto prices, which typically lead to an influx of new traders, some regulated exchanges have struggled to survive amidst rising legal fees...
Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin
21.12.2019
According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners...
Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy
5.12.2019
Crypto mining company Great North Data has reportedly submitted bankruptcy documents, listing millions in liabilities
Canadian Government-Assisted Bitcoin Miner Files for Bankruptcy Owing Millions
5.12.2019
Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million),...
Litecoin Turns 8 — Charlie Lee Says Foundation Not Near Bankruptcy
14.10.2019
On Litecoin’s 8th birthday, Charlie Lee was prompted to defend the project against crypto Twitter FUD and allegations about the Foundation’s weak finances
EY Requests to Move QuadrigaCX Crypto Exchange Bankruptcy Case
28.8.2019
EY has requested to move the QuadrigaCX crypto exchange bankruptcy case from Nova Scotia to Toronto
Mt. Gox Founder Knew of Security Risks Years Before Collapse, Lawsuit Claims
26.6.2019
Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange
QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds
20.6.2019
QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money
Dutch Crypto Exchange Blockport to Attempt Relaunch After Bankruptcy Caused by Failed STO
4.6.2019
Dutch crypto exchange Blockport will try to relaunch the platform after the firm declared bankruptcy following a failed STO
Hacked Crypto Exchange Cryptopia Files for US Bankruptcy Protection
27.5.2019
Cryptopia has filed for bankruptcy protection in the U.S. seeking to preserve vital user data held on servers in Arizona