Twitter leader Elon Musk recently declared the company is no longer in the fast lane to bankruptcy as the ‘expenses are basically under control’. The development comes only a month after the tech mogul discussed the potential of the social media network going bankrupt, topping a privacy regulator’s warning and the departure of the company’s … Read more
Bitcoin miner Argo Blockchain will avoid filing for bankruptcy protection after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. According to a statement given to CoinDesk, the miner will also receive a new $35 million loan from Mike Novogratz’s crypto-focused financial services firm, which will … Read more
Many successful cryptocurrency enterprises have had to downsize their employment in order to survive and continue expanding while we wait for the next coin surge. The most recently affected company was the Octopus Network, a decentralized app chain network built on the NEAR Protocol, which indicated that it would be “refactoring” to comply with the … Read more
BlockFi, a crypto lender, filed for bankruptcy (chapter 11) protection on Monday, becoming the latest sector casualty following the firm’s exposure to the stunning collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes at a time when cryptocurrency prices have fallen. The price of bitcoin, the most popular … Read more
Sema4 announced this week that it will close its reproductive health testing and services division by early next year, laying off roughly one-third of its workforce. The company joins a handful of other medtech developers that have recently reduced their workforces following the release of less-than-stellar third-quarter earnings reports. This decision would allow Sema4 to … Read more
Freon Logistics, based in Bakersfield, California, declared bankruptcy earlier this week. According to media sources, the abrupt filing startled employees, kept them waiting for paychecks, and left many stranded. A Bravo Street Media TikTok video report posted on the Kern County Activities account shows drivers protesting at Freon Logistics’ offices. According to the footage, the … Read more
Crypto lender BlockFi is ready to file for bankruptcy due to its “substantial exposure” to the collapsed crypto exchange FTX- The Wall Street Journal reported on Tuesday. The lender rejected allegations that the majority of its assets were held at FTX, although it did concede on Monday that, in addition to deposits on the platform, … Read more
FTX files for bankruptcy- an one of the world’s largest cryptocurrency exchanges has declared bankruptcy.