/cloudfront-us-east-2.images.arcpublishing.com/reuters/BBAQ6PEQ3NM6TEJEWHUDFEUDEI.jpg)
Dec 21 (Reuters) – Core Scientific Inc (CORZ.O), one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector. Austin, Texas-based Core Scientific attributed its bankruptcy to slumping bitcoin prices, rising energy … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SHTDLP3ASJOQRNYQ5CLQK6W3TI.jpg)
NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/E3OM2HLMCBOFDPNHSZ6BEJWZYE.jpg)
Cyber Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VYGKQG6TEVNI5DBCBI5AJ4ACWA.jpg)
Filing follows weeks after FTX collapse FTX listed as BlockFi’s No.2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/AQQN24YJB5IA3MFCK47O4BXKV4.jpg)
FTX unit bought 7 condos in high-end resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 mln vacation home Bankman and Fried tell Reuters: Seeking to return deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XZIQVKXGOZOHRBGAXUCCK7EP54.jpg)
Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. “We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any … Read more