bankruptcy

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Can You Declare Bankruptcy for Gambling Debts?

8 Apr 2024 5 minute read 0 comments MintDice.com

Gambling is a tempting process - the promise of earning a large sum of money along with the simplicity of the games makes it easy to fork over significant money. Unfortunately, many end up in serious gambling debt from this process. Is it possible to...

Finally Recovered Some of My "Lost" Money From Celsius

7 Feb 2024 1 minute read 0 comments WinterYeti

So, as many of you have read on this forum from my previous article and from others stung by the same, Celsius pulled a number on a lot of cryptoholders when the company filed for bankruptcy without warning. Like a lot of platforms right before the b...

FTX Zebra Zombies in the Market, You Say? Run for the Hills!

13 Sep 2023 2 minute read 0 comments WinterYeti

When zombie movies started playing with the idea of zombies being able to run non-stop (think World War Z or 28 Days Later), it scared the bejeezes out of people. Then, when you consider the idea of zombies that can run like zebras, it would make run...

SEC , Celsius and Prison.

13 Jul 2023 1 minute read 7 comments Amjadwaince

The most famous collapse of Crypto project in 2021-22 was "Celsius" where we know it's native coin ,CEL , went to ash after bankruptcy of the project. Huge earthquake in Crypto market happened when these news breaks out in July last year.  Especially...

San Francisco - Echoes of Old Detroit

17 Jun 2023 5 minute read 5 comments SweptOverNiagara

I live about a two hour's highway drive from Windsor, Ontario, a Canadian city that borders Detroit, an American city that once thrived as the 'Motor City', home to the Big Three automakers, General Motors, Chrysler and Ford. It was on the streets of...

Did Bitcoin benefit from the banking crisis?

2 Apr 2023 1 minute read 2 comments JuanInTheChain

    The recent banking crisis has left many wondering if Bitcoin has gained traction as a financial alternative. With its price skyrocketing to nearly $30,000, a 70 percent increase for the year, it’s easy to assume that the digital currency i...

BlockFi to Attempt to Sell $160 Million of Bitcoin Miners Backed Loans

24 Jan 2023 2 minute read 1 comment kev_nag

In a report dated January 23. 2023, Bloomberg reported that BlockFi, the bankrupt crypto lender, plans to sell off $160 Million of Loans which are backed by approximately 68,000 Bitcoin Mining machines. This attempt at debt liquidation by BlockFi is...

ROADBLOCK: U.S. Trustee Challenges FTX Asset Sales

8 Jan 2023 1 minute read 0 comments kev_nag

According to Reuters, U.S. Bankruptcy Trustee Andrew Vara has filed an objection to FTX’s proposed sale of certain of its assets. Said objection was filed in the US Bankruptcy Court, District of Delaware, on January 7, 2022. Within the bankruptcy, in...

Bankrupt Bitcoin Miner Core Scientific Approved for $37.5 Million Loan

23 Dec 2022 3 minute read 4 comments SweptOverNiagara

On Wednesday, one of the largest publicly traded crypto mining companies in the U.S.A., Austin, Texas based Core Scientific filed for Chapter 11 bankruptcy protection. This comes after a year of steep declines for the value of cryptos, coupled with s...

Will Argo Blockchain Be the Next to Fail ?

13 Dec 2022 1 minute read 3 comments kev_nag

Reports have surfaced that Argo Blockchain is engaging in negotiations to sell assets and further to engage in an equipment financing transaction in an effort to prevent the necessity of filing bankruptcy. On December 12, 2022, Argo announced that it...