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Celcius Market Cap Crashes 86% On Year-To-Date Basis As Company File For Bankruptcy
Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% As the company’s problems worsen, investors have stepped out to relate their experiences following the withdrawal freeze and the ensuing bankruptcy application. дальше »
2022-7-15 23:11 | |
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Why Bankruptcy Is a Forgone Conclusion for Ford Motor Company
Ford’s credit rating is highly likely to be downgraded in the near future and the company may go belly up even before a recession. The post Why Bankruptcy Is a Forgone Conclusion for Ford Motor Company appeared first on CCN.com дальше »
2020-1-28 21:43 | |
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Cobinhood Shutting Down Months After Bankruptcy Rumors
Cobinhood, one of the most controversial crypto exchanges, has announced that it is closing its doors after widespread rumors of bankruptcy. “It is with the utmost regret that we make the difficult decision to shut down the COBINHOOD Exchange,” the company posted to its Medium account on Jan. дальше »
2020-1-11 11:27 | |
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Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy
Crypto mining company Great North Data has reportedly submitted bankruptcy documents, listing millions in liabilities
дальше »2019-12-6 16:10 | |
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Government-Sponsored Bitcoin Mining Operation Shuttered in Canada
Great North Data, a Canada-based Bitcoin mining and AI algorithm processing center has shuttered and is filing for bankruptcy protection. The company has listed more than $13 million in liabilities against a meager $4. дальше »
2019-12-5 12:34 | |
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DX.Exchange Employees Press to get the Firm Dissolved
According to reports from Israel on November 24, 2019, 78 current and ex-personnel of the Israeli firm behind DX. Exchange, many of whom are former employees of the FBI-raided company, SpotOption, have petitioned to have their employer dissolved. дальше »
2019-11-25 12:00 | |
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Virginia Beach’s BCause Mining Firm Set to Shut Down, Liquidate Assets and Return $500,000 Grant
The crypto mining industry recently lost one of it's players based in Virginia Beach following a court order. BCause Mining, is set to liquidate its asset's after authorities forced the move on the firm. дальше »
2019-10-10 18:34 | |
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Thomas Cook, Brexit and bitcoin (BTC)
The bankruptcy of Thomas Cook, the oldest travel company in the world, caused panic in the entire travel industry. But, perhaps, a tour operator in debt of 2 billion euros is only the first sign that marks the beginning of the collapse of the British economy as a result of a divorce from the European […] дальше »
2019-9-24 23:01 | |
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Canada’s Revenue Agency is now curious about defunct crypto exchange QuadrigaCX’s tax returns
Canada’s Revenue Agency is now looking into the corporate tax returns submitted by QuadrigaCX, the troubled cryptocurrency which collapsed earlier this year, taking approximately $134 million of users’ funds with it. дальше »
2019-9-17 14:35 | |
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GameStop’s Endgame Will Likely Be Buyout or Bankruptcy
GameStop was, at one time, one of the premier names in gaming. Some say it still is. Yet as gaming becomes more sophisticated, gaming systems continue to evolve, and streaming becomes a cornerstone of the gaming experience, GameStop is in trouble. дальше »
2019-7-4 05:00 | |
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QuadrigaCX CEO Faked Crypto Trades, Indulged Millionaire Lifestyle with Customer Funds
By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed. дальше »
2019-6-21 13:07 | |
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Despite Entering Bankruptcy, FBI And Other Agencies Start Investigating QuadrigaCX
The tale of QuadrigaCX’s demise is one filled with twists and turns, predominantly following the death of founder and CEO Gerald Cotten at the end of last year. The circumstances have been strange, at best, in the months following. дальше »
2019-6-5 04:34 | |
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Cryptocurrency exchange Blockport goes bankrupt after failed STO
An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month. дальше »
2019-6-4 13:21 | |
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As Cryptopia’s Bankruptcy Proceeds, Hacked Users’ Funds May Not Be Reimbursed Completely
Cryptopia has had a really rough year. In January, the exchange was hacked, losing millions of dollars before the exchange cut off customers from their withdrawals. The company worked hard to try and bring their platform back to consumers in March, but ultimately had to shut down when the relaunch was unsuccessful. The proceedings for […] дальше »
2019-5-31 02:11 | |
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As Cryptopia Enters Bankruptcy, Its Users Still Suffer
New Zealand crypto exchange Cryptopia was awarded provisional relief by a bankruptcy court in the Southern District of New York. However, if it doesn't come up with $2 million, the Arizona-based company that stored its data could terminate its services, meaning Cryptopia could lose important US user information forever. дальше »
2019-5-28 19:40 | |
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New Zealand: Cryptopia Seeks to Preserve User Account Data Amid new Challenges
Accounting firm Grant Thornton LLC on May 27, 2019, provided an update regarding the petition for bankruptcy filed by the now-defunct cryptocurrency exchange Cryptopia. The company said that it is working towards preserving the exchange’s users’ data stored and hosted on the servers of a U. дальше »
2019-5-27 14:39 | |
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Infographic: An Overview of Compromised Bitcoin Exchange Events
The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2. дальше »
2019-5-25 21:56 | |
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Cobinhood Crypto Exchange Announces Bankruptcy, Community Spots Exit Scam
A famous Taiwan-based crypto exchange Cobinhood has filed for bankruptcy and afterwards allegedly pulled an exit scam. In April 2019, the associated company of Cobinhood, Dexon Foundation, raised over $3 mln on its DXN token. дальше »
2019-5-22 21:35 | |
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Crypto exchange Cobinhood files for bankruptcy in alleged exit scam
Cobinhood, a well-known Taiwanese cryptocurrency exchange, allegedly pulled an exit scam after filing for bankruptcy. The exchange’s associated company DEXON Foundation, and its DXN token, raised $3. дальше »
2019-5-22 07:25 | |
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Disgraced Crypto Exchange QuadrigaCX Officially Declared Bankrupt
Canadian crypto exchange QuadrigaCX has filed for bankruptcy as the attempt to restructure the company has failed. The move was approved Monday by a Nova Scotia judge, the country’s national broadcaster reported. дальше »
2019-4-9 14:46 | |
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QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy
QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday. дальше »
2019-4-9 11:55 | |
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Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy, Blasts EY Report
Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings. дальше »
2019-4-3 15:38 | |
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Cryptocurrency exchange QuadrigaCX should declare bankruptcy, EY says
Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor. дальше »
2019-4-3 12:23 | |
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In Fourth Report, QuadrigaCX Court Monitor Recommends Bankruptcy Proceedings
QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order. дальше »
2019-4-3 01:19 | |
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Swiss Regulators: Crypto Firm Unlawfully Received Money from 37,000 Investors
The Swiss Financial Market Authority (FINMA) has stated that a crypto firm that accepted around US$90. 5 million in deposits from more than 37,000 individual investors did so illegally. The company in question, Envion AG, is currently undergoing liquidation proceedings by the Zug bankruptcy authority. дальше »
2019-3-28 00:00 | |
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Swiss Financial Regulator FINMA Proscribes Environ AG’s $90 Million ICO
The Swiss Financial Market Supervisory Authority (FINMA) said on March 27, 2019, that Envion AG’s ICO failed to follow the law when it took money from investors during its fundraising. A court in Zug has also opened bankruptcy proceedings against the company over organizational shortcomings. дальше »
2019-3-27 06:00 | |
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Karpeles Beats Embezzlement Charges in Mt Gox Ruling
The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust. дальше »
2019-3-16 22:01 | |
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Free Game Fortnite Proves Unlikely Boost for $18 Billion Giant Best Buy
Best Buy shares saw a massive upswing on Wednesday as the company announced its Q4 earnings report, well-above analysts’ expectations. Pumping its profits was its selection of wearables, smart home devices, and the unstoppable popularity of free game Fortnite driving demand for gaming consoles and accessories throughout the holidays. дальше »
2019-3-1 11:34 | |
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Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy
Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. дальше »
2019-2-27 23:13 | |
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Coinbin South Korean Cryptocurrency Exchange Files for Bankruptcy, Loses Over $26 Million
The cryptocurrency exchange Coinbin, located in South Korea, is currently filing for bankruptcy after taking over the hacked crypto exchange Youbit. Coinbin claims to have over $26 millions in losses. дальше »
2019-2-25 10:20 | |
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Blockstream Open Sources Development of Its Proof of Reserves Tool
On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. дальше »
2019-2-7 01:01 | |
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Court Grants QuadrigaCX Bankruptcy Protection
Today, February 5, 2019, a court in Nova Scotia, Canada, granted bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA) to the embattled Vancouver-based cryptocurrency exchange QuadrigaCX. дальше »
2019-2-6 23:12 | |
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Indian Telecom Operator RCom Shares Crash 50% after Racking Up $7 Billion Phone Bill
Shares in debt-laden Reliance Communications (RCom) fell close to 50% on Monday as the Anil Ambani-owned company announced that it would seek bankruptcy protection from India’s insolvency tribunal. дальше »
2019-2-5 15:57 | |
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Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement
Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. дальше »
2018-12-13 21:15 | |
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Giga Watt Crypto Assets Valued Between $10-50 Million vs $50,000 In New Bankruptcy Filing Update
Giga Watt Drastically Revises Company Assets As It Updates Bankruptcy Filing One of the latest victims of the Bitcoin bear market, a crypto mining U. S. -based company called Giga Watt, has decided to revise its bankruptcy filing. дальше »
2018-11-26 00:50 | |
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Major Washington Cryptocurrency Mining Company Files For Bankruptcy
Giga Watt is in hot water.
дальше »2018-11-22 23:56 | |
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Denmark’s Wemovecoins Crypto Exchange Sees Bankruptcy Following A Credit Card Vendor Dispute
Wemovecoins, a digital asset exchange based in Denmark, has been forced to shut down because of bankruptcy. The company is said to have had a dispute with a credit card supplier, whereby the vendor declined to pay them its share of the money generated. дальше »
2018-11-2 07:29 | |
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Even bankruptcy can’t keep Vertu from selling $4,000 phones
UK-based brand Vertu made a name for itself handcrafting luxury phones that included premium materials, precious stones, and a global concierge service. It went under a year ago, because (shocker) not enough people were buying its $20,000 devices. дальше »
2018-10-19 15:51 | |
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Artificial intelligence is complex, but we can’t afford to ignore it
“Those who cannot learn from history are doomed to repeat it. ” – George Santayana In early September, the media went abuzz with news of Amazon becoming the second US company to surpass the $1 trillion market cap. дальше »
2018-10-16 23:25 | |
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Shares in Italian Football Club Rimini Purchased With Cryptocurrency
The Italian football club Rimini, which plays in the Italian Serie C division, has sold a portion of the team’s shares in exchange for cryptocurrency. The first-of-its-kind acquisition was made by Heritage Sports Holdings (HSH), a sports investment company based in the United Arab Emirates. дальше »
2018-8-30 21:01 | |
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Creditors of Defunct Cryptocurrency Exchange Mt. Gox Can Now File Claims
Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process, according to an update posted on the exchange’s website. дальше »
2018-8-27 17:14 | |
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Vietnamese Government Bans Mining Hardware Imports
Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet. дальше »
2018-8-16 21:58 | |
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Mt.Gox Creditors Releases Revised Basic Policy for Preparing a Bitcoin Repayment Rehab Plan
Mt. Gox Releases Policy to Repay Creditors in BTC and BCH Mt. Gox is a Japanese bitcoin exchange that suspended trading in 2014 and subsequently filed for bankruptcy protection. That same year, the company liquidated its assets as well. дальше »
2018-8-3 18:45 | |
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Apple Enters Trillion-Dollar Club, Though It’s Alone There For Now
Image source: YouTube Video Screenshot Apple, which was on the verge of bankruptcy in the late 90s, is now the first U.S. company to hit a $1 trillion market cap. Apple’s latest milestone follows the jump in its stock after it reported another set of strong quarterly earnings numbers earlier this week. Not the first […] дальше »
2018-8-3 08:29 | |
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