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Chinese official gets life sentence for selling state secrets to pay crypto debts
The incident underscores the critical need for robust security protocols and highlights the risks of financial desperation leading to espionage. The post Chinese official gets life sentence for selling state secrets to pay crypto debts appeared first on Crypto Briefing. дальше »
2024-11-8 15:51 | |
MicroStrategy to Raise $700M via Convertible Note Sale, Eyeing Bitcoin Growth
MicroStrategy announced Tuesday that it will sell $700M of convertible notes, with the net proceeds going to repay debts and add Bitcoin to its balance sheet. дальше »2024-9-18 23:04 | |
Texas approves debtor-in-possession financing plan for BTC miner Rhodium
Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9. дальше »
2024-9-2 12:45 | |
Miners’ bad luck: Rhodium goes bankrupt
The firm has filed for bankruptcy in the Southern District of Texas. The U.S. Bitcoin miner has debts of $50 million to $100 million, and the total assets of Rhodium Enterprises are estimated from $100 million to $500 million. The… дальше »
2024-8-27 17:40 | |
Puerto topia failure: Bitcoin vet Brock Pierce gets legal problems instead of a crypto hub
Instead of a crypto hub, Brock Pierce has created legal disputes and debts, with at least three lawsuits pending. According to The New York Times, Bitcoin (BTC) veteran Brock Pierce planned to revive Puerto Rico’s economy with cryptocurrency but became… дальше »
2024-8-19 15:51 | |
FTX Scores Approval: Cleared To Sell $873 Million In Assets To Settle Debts
The sale of around $873 million in trust assets by the insolvent cryptocurrency exchange FTX can now begin, and the money will go toward paying back creditors who were affected by the business’s bankruptcy in 2022. дальше »
2023-11-30 11:30 | |
BlockFi to start settling debts with creditors after successful exit from bankruptcy
BlockFi has announced its emergence from bankruptcy and is initiating plans to repay creditors, marking a significant turnaround after last year’s challenging halt of withdrawals following the FTX exchange collapse. дальше »
2023-10-25 23:37 | |
LBRY concedes to total shutdown, citing loss to SEC and millions in debt
LBRY Inc. , the developer of the LBRY blockchain, is shutting down services because it lost a lawsuit to the U. S. Securities and Exchange Commission (SEC), and it “has several million dollars in debts. дальше »
2023-10-21 18:50 | |
No Man is an Island – Rippling Connects Us All on the XRP Ledger
Rippling on the XRP Ledger refers to an atomic net settlement process between multiple parties with trust lines for the same token. It’s a way to simplify the settlement of interconnected debts. дальше »
2023-10-6 20:00 | |
US Household Savings 2-Year Downtrend: Will Anything Be Left for Crypto Investing?
US household savings have fallen for the 23rd consecutive month, with debts increasing and disposable cash decreasing, which could impact retail investments in cryptocurrencies. The post US Household Savings 2-Year Downtrend: Will Anything Be Left for Crypto Investing? appeared first on BeInCrypto. дальше »
2023-9-4 08:15 | |
Bankrupt Crypto Lender Celsius Turns To Customer Vote Following Court Approval
Celsius Network, the bankrupt cryptocurrency lender, has received court approval for its restructuring plan as it works to emerge from bankruptcy. The plan, which allows Celsius to restructure its debts and continue operating, received a United States bankruptcy judge’s permission to commence creditor votes. дальше »
2023-8-16 14:00 | |
Coinbase to close down Coinbase Borrow by November
Coinbase has initiated the gradual shutdown of its lending service, Coinbase Borrow, giving customers with existing loans until Nov. 20, 2023, to repay outstanding debts. Lending is over Coinbase, the largest centralized cryptocurrency exchange in the United States, has revealed… дальше »
2023-7-22 17:40 | |
US debt ceiling deal cancels 30% bitcoin mining tax
In a significant turn of events, a tentative deal aimed at averting a US government default on its debts has brought relief to cryptocurrency miners, particularly Bitcoin miners. дальше »
2023-5-30 14:08 | |
Celsius withdrawing nearly $800 million of Ether from Lido
Key Takeaways Bankrupt lender Celsius is trying to withdraw $779 million worth of ETH from Lido The ETH represents 7% of the total amount staked with Lido Celsius has $4.7 billion of debts with creditors, and sent the market into a tailspin last year after it got caught up in the Terra contagion Celsius also […] The post Celsius withdrawing nearly $800 million of Ether from Lido appeared first on CoinJournal. дальше »
2023-5-17 17:30 | |
Chinese court allows settling debts in crypto
The Supreme Court of China recently revised its guidelines for cryptocurrency-related disputes, permitting the use of digital assets for debt settlement. This could indicate a change in the nation’s perspective on digital currencies. дальше »
2023-5-8 15:58 | |
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor. дальше »
2023-2-9 23:15 | |
Crypto Market and Banking Institutions: A Catastrophic Can of Worms
Crypto companies take on multi-million dollar debts to finance their operations to meet the ask during a bull run. However, failing to repay the obligations leads to defaults, buyouts, and even bankruptcy, as was the case last year. дальше »
2023-1-23 13:30 | |
BlockFi to file its assets and liability for bankruptcy case
The crypto lending company BlockFi has said it will be transparent about its assets, debts, and payments made before declaring bankruptcy in November. BlockFi’s upcoming court session In a Twitter thread, BlockFi stated that it had submitted a briefing for… дальше »
2023-1-10 12:54 | |
AEX Crypto Exchange To Sell Box Office Rights To Repay Debts
Crypto exchange AEX is working on a repayment plan to pay back customers. This includes selling assets like box office income rights of television and film. The post AEX Crypto Exchange To Sell Box Office Rights To Repay Debts appeared first on BeInCrypto. дальше »
2023-1-10 12:30 | |
Elon Musk to Leave Twitter CEO Role When Suitable Replacement Is Found
Coinspeaker Elon Musk to Leave Twitter CEO Role When Suitable Replacement Is Found Elon Musk had to sell a significant portion of his Tesla stock in order to pay off some of the debts he took on to acquire the social media platform. дальше »
2022-12-21 14:19 | |
FTX looking to sell several subsidiaries, including FTX Japan and LedgerX
FTX to sell multiple subsidiaries in a bidding war. This move would help ease the firm's debts. Bankrupt exchange FTX is seeking the sale of several of its subsidiaries amid its bankruptcy The post FTX looking to sell several subsidiaries, including FTX Japan and LedgerX appeared first on AMBCrypto. дальше »
2022-12-16 15:08 | |
TeraWulf shares drop 32% amid purchase agreement with Bitmain
TeraWulf, a US-based green energy bitcoin (BTC) miner, raised $10 million in financing to repay debts and announced buying more mining rigs from Bitmain. Its shares reacted with a 32% drop. In a recent filing to the US Securities and… дальше »
2022-12-13 22:00 | |
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. The post NEXO releases proof of reserves showing no exposure to FTX appeared first on CryptoSlate. дальше »
2022-11-29 18:55 | |
TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral
Decentralized lending protocol TrueFi’s experience with loan defaults reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court. дальше »
2022-10-14 18:09 | |
Celsius Files for Account Holder Loan Obligations
Crypto loans-based bankrupt company Celsius filed for account holder loan obligation on Friday. In a statement, the company said it is not looking for commitments on loan repayment for its outstanding debts during its chapter 11 proceedings. Celsius Decides Not… дальше »
2022-10-2 20:45 | |
Voyager Digital assets auction set for Sept. 13 after being rescheduled from August
The centralized crypto lender rejected an offer from FTX after it filed for Chapter 11 bankruptcy reorganization in July following 3AC's loan default and its debts topping $1 billion. дальше »
2022-9-8 21:45 | |
El Salvador Allays Default Fears by Announcing Sovereign Debt Buyback
While the rest of the world’s government grapples with grim macroeconomic conditions, El Salvador is bucking the trend and has announced it has enough cash to pay its debts before they mature. The post El Salvador Allays Default Fears by Announcing Sovereign Debt Buyback appeared first on BeInCrypto. дальше »
2022-7-27 14:00 | |
Is CEL's [Celsius] 29% rally enough compensation to repay debts
The heat on Celsius [CEL], the embattled crypto-lending platform, seems to have reduced lately. Interestingly, the wave looks to have spread to its coin CEL. The altcoin was one of the best-performingThe post Is CEL's [Celsius] 29% rally enough compensation to repay debts appeared first on AMBCrypto. дальше »
2022-7-15 18:30 | |
The A-to-Z of Celsius filing for bankruptcy after closing off all debts
Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed CompoThe post The A-to-Z of Celsius filing for bankruptcy after closing off all debts appeared first on AMBCrypto. дальше »
2022-7-14 15:30 | |
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment," said chief financial officeJeff Lucas. дальше »
2022-6-22 20:15 | |
El Salvador’s dollar debt dives on Bitcoin bond plans
Investors have grown weary of El Salvador’s dollar debts as the country further adopts Bitcoin. Meanwhile, the IMF has recommended that BTC not be used as legal tender. дальше »
2021-11-23 10:42 | |