42 Articles 0 Followers
23 Dec 2022 3 minute read 4 comments SweptOverNiagara $1.23
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...
13 Dec 2022 1 minute read 3 comments kev_nag $1.22
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...
8 Dec 2022 1 minute read 3 comments kev_nag $1.29
On December 7, 2022, by verbal order of the Bankruptcy Court Judge in the Celsius Network LLC matter, Judge Martin Glenn, Celsius was so ordered to return $44 Million in customers cryptocurrency that was held in the entities custodial accounts. Any f...
3 Dec 2022 2 minute read 1 comment kev_nag $1.66
The first moratorium (shielding ZipMex from creditor’s lawsuits) as granted by the Singapore Court was set to expire December 2, 2022. At the last moment and in an attempt to finish with its proposed rescue plan of acquisition, ZipMex applied for an...
22 Nov 2022 2 minute read 9 comments kev_nag $1.73
According to a Bloomberg report, cryptocurrency lending company Genesis, suspended services in its lending arm on November 16, 2022 and spent the whole of last weekend in an unsuccessful attempt to raise funds. [See, e.g.Beyoud, L., Hajrik, V. and Sh...
22 Nov 2022 1 minute read 1 comment kev_nag $1.10
In an interim bankruptcy court report made public November 19, 2022, independent examiner Shoba Pillay made several striking observations relative to the former operations of the now defunct Celsius Network. By virtue of this report we have learned t...
13 Nov 2022 1 minute read 3 comments CodyMac50 $1.18
When I say Get It All Out, I am not meaning screaming, or talking about it...Im referring to removing everything off of exchanges, and placing all currencies in wallets.Why? Because we live in a world where, at any moment, we could be FTXed...and we...
10 Nov 2022 3 minute read 0 comments SweptOverNiagara $0.98
Just a couple of days ago, when I informed readers that gold and silver popped higher, I also included a notice that Bitcoin had suddenly dropped about $2,000 overnight and I wasn't sure what the reason was. Within hours, the news started flowing tha...
22 Oct 2022 2 minute read 0 comments kev_nag $1.16
“Crypto lender Celsius Network’s legal journey has gained another chapter as Bitcoin miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankruptcy, according to court papers filed on Oct. 19. Core Scien...
8 Oct 2022 3 minute read 3 comments kev_nag $0.93
Creditors of the now defunct Mt. Gox Bitcoin Exchange may be one step closer to realizing the repayment of funds. According to an Oct. 6 announcement from Mt. Gox trustee Nobuaki Kobayashi, creditors have until Jan. 10 to select a repayment method a...
