Cryptocoins News / Blockchain - 3 months ago
The contrast between FTX's ongoing bankruptcy proceedings and the broader crypto market's revival underscores the volatility and risks in the cryptocurrency industry. (Read More)
Cryptocoins News / Blockchain - 3 months ago
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy. (Read More)
Cryptocoins News / CoinJournal - 3 months ago
Celsius Creditors withdrawing $100k+ pre-bankruptcy face legal action and must comply for future distributions. Celsius’ post-bankruptcy Bitcoin mining focus approved; Ethereum unstaked for timely creditor repayments. Legal challenges persist;...
Cryptocoins News / Blockchain - 3 months ago
The 18% increase in US bankruptcy filings in 2023, marked by economic challenges post-pandemic and high interest rates, is expected to continue into 2024. The retail sector, in particular, may remain vulnerable, though some relief is anticipated from...
by COINS NEWS - 4 months ago
submitted by /u/Perfect_Ability_1190 [link] [comments]
Bitcoin News / Bitcoin.com - 4 months ago
The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s init...
Bitcoin News / Bitcoin.com - 4 months ago
On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual who...
by COINS NEWS - 4 months ago
Curious what people’s perspective is in this subreddit for the loan program Gemini had with Genesis. I chose to vote no as I believe the people with far more money deserve the chance to recover more. The current bankruptcy plan would settle with BTC...
Bitcoin News / Bitcoinist - 4 months ago
In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim a...
Cryptocoins News / Blockchain - 4 months ago
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner. (Read More)
Bitcoin News / Google News Bitcoin - 4 months ago
Bitcoin miner Core Scientific to exit bankruptcy in January 2024& & Cointelegraph
Bitcoin News / Google News Bitcoin - 4 months ago
Crypto miner Core Scientific expects to emerge from bankruptcy in January& & Reuters.com
Cryptocoins News / CoinJournal - 4 months ago
British Virgin Islands court orders freeze, alleging founders’ role in $3.3B 3AC debt. Once celebrated, 3AC founders face prison, regulatory bans, and damaged reputations. Singapore had also issued a domestic freeze order on the founders in Se...
Bitcoin News / Google News Bitcoin - 4 months ago
Crypto miner Core Scientific expects to emerge from bankruptcy in January& & Reuters
Cryptocoins News / Blockchain - 4 months ago
FTX's bankruptcy lawyers and advisers earned an average of $118.1M in fees between August and October, with Alvarez and Marshall leading the charges. (Read More)
Bitcoin News / Google News Bitcoin - 4 months ago
Breaking: Celsius Network Bankruptcy Spurs New Bitcoin Mining Operation by Hut 8& & CoinGape
Bitcoin News / Google News Bitcoin - 4 months ago
First Mover Americas: Bitcoin Struggles to Gain Momentum; FTX Files Plan to End Bankruptcy& & CoinDesk
Cryptocoins News / Blockchain - 4 months ago
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery. (Read More)
Bitcoin News / Bitcoin.com - 4 months ago
In the latest development, Safemoon, a crypto company, voluntarily initiated Chapter 7 bankruptcy proceedings in the District of Utah, as stated in their bankruptcy documentation. This action comes on the heels of the company’s founders facing...
Bitcoin News / Google News Bitcoin - 4 months ago
SafeMoon Files for Chapter 7 Bankruptcy; Bitcoin's Reaction to Central Bank Moves& & CoinDesk
Cryptocoins News / Finance Magnates - 4 months ago
The cryptocurrency project SafeMoon has filed for bankruptcy in Utah Bankruptcy Court. With assets ranging between $10 million to $50 million and debts between $100,000 to $500,000, this bankruptcy filing has unveiled a dire financial situation in th...
Cryptocoins News / CoinJournal - 4 months ago
SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M....
by COINS NEWS - 4 months ago
submitted by /u/drjacks [link] [comments]
Cryptocoins News / The Cointelegraph - 4 months ago
If approved, the third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027....
by COINS NEWS - 5 months ago
submitted by /u/drjacks [link] [comments]
