More troubles loom for digital assets firms like Celsius Network and Binance; meanwhile, Dubai launches its new 'metaverse strategy' that aims to open 40,000 virtual jobs by 2030.
The bankruptcy of ‘crypto’ hedge fund Three Arrows Capital (3AC) continues to rock the wider digital asset sector, threatening an ever-widening pool of companies that put their trust in a pair of scammers.
Shutting its affiliate program is the latest in a concerning sequence of decisions that signal Coinbase may not be in as strong a financial position as many believe.
Voyager Digital CEO Stephen Ehrlich says the company will be using Chapter 11 protection to begin restructuring the enterprise in a way that will maximize the value for its stakeholders.
An Idaho-based digital currency trader has been prevented from filing for Chapter 11 bankruptcy due to the terms of a court order secured against him by the U.S. Securities and Exchange Commission.
The bankruptcy trustee of failed exchange QuadrigaCX has said it will work to resolve a dispute between creditors before disbursing the firm’s remaining assets.
Cred is accused of operating as an “unlicensed hedge fund [...] rife with fraud and deception on ‘Madoff’ level proportions.”
Cred, the digital currency lending and borrowing service provider, has filed for chapter 11 bankruptcy due to fraud that impacted its balance sheet.
QuadrigaCX users are hoping that Cotton’s death may have been faked and he’s really still hiding somewhere in the world with all of their money.
After several months of battling local complaints about its operation, noise levels, and lack of job creation, Labrador City-based cryptocurrency mining firm Great North Data has shut down.
BCause had filed for reorganization but its creditors asked the court to turn it into liquidation. It will lay off 27 full-time employees.
It appears that Jennifer Robertson was able to find a way to make restitution after her deceased husband’s exchange fell into bankruptcy.
