Cryptocurrency Analysis and News Portal
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. The Oct. 24 announcement by BlockFi, a crypto lending firm, about its emergence from bankruptcy and the commencement of creditor repayments
Read More
The LBRY blockchain project announced its closure by publishing a farewell message on its social networks. The project team cited “several million dollars” of debts, making the firm’s continued existence impossible. LBRY Inc. is winding down.The LBRY network is unaffected.Odysee and other assets will undergo a legal process to satisfy debts, but
Read More
SBF Trial Witness: Glitch at FTX Overstated Alameda's Debts by $8B Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied UK couple Tony and Eloise Johnson became victims of a bitcoin fraud, which left them with significant debt of £45,000 ($55,900). The con artists pretended to be affiliated with a well-known financial guru Martin Lewis, a
Read More
African countries’ debts totaling more than $20 billion were written off in the past year, Russian President Vladimir Putin said on March 20. Putin also revealed that trade between Russia and Africa had nearly reached $18 billion by the end of the year. According to the Russian leader, the majority
Read More
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet. Source
Read More
Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week. According to a report from the Wall Street Journal on July 10, the company has hired lawyers to
Read More
Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings.In a Thursday blog post, Argo said it sold 637 Bitcoin (BTC) in June for an average price of $24,500 — roughly $15.6 million. The company planned to use the
Read More
Argentinian Tax Authority, AFIP, has stated that they will be able to seize any assets owed by taxpayers in digital wallets if the tax debts are not settled. Last year, the organization recommended the law but did not execute it until early 2022 during the Covid-19 pandemic. Related Reading | Making
Read More
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended
Read More