Bitcoin Bankruptcy

Britain will introduce "robust" regulations to govern the crypto sector and crypto assets, according to Financial Services Minister Andrew Griffith. The new rules come after rising interest rates led to a string of bankruptcies in the sector in 2022, while the price of Bitcoin plunged by 60 percent.

BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...

FTX assets worth $740 million (roughly Rs. 6,040 crore) have been recovered and secured so far, according to BitGo, the company tasked with locking down the assets of the failed cryptocurrency exchange. The biggest worry for many of FTX's customers is they'll never see their money again. The assets recovered include not only Bitcoin and ethereum, b...

FTX collapsed last week, with the crypto exchange declaring bankruptcy on Friday. The failure of the platform has undermined investor confidence and threatened the young cryptocurrency sector, and big players are now fighting back. The bankruptcy of FTX, which even in early November was still considered one of the most reliable platforms, is a remi...

The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...

Bitcoin price analysis shows price decline deepened a further 4 percent over Monday's trade, as price went down to $16,200 (roughly Rs. 13.1 lakh). BTC has been in consistent decline since November 6, and a further 4 percent decline could push price to test the $16,000 (roughly Rs. 13.1 lakh) support mark.

Crypto exchange FTX filed US bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after trader...

Bankrupt cryptocurrency lender Celsius Network, which disclosed earlier this week that it was running low on cash reserves, said it has received several proposals to inject cash into the company and won approval from a US judge to sell Bitcoin that it mines.

Celsius clients have written to the judge overseeing the multi-billion-dollar crypto lender’s bankruptcy, asking for their cash back. The firm owed $4.7 billion (roughly Rs. 37,205 crore) to its users, according to a court filing earlier this month. Hundreds of letters from around the world recount the results of users' accounts being frozen, fro...

Celsius Network, Voyager, Vauld, Blockfi, and Three Arrows Capital are some of the companies that were hit the hardest by the ongoing crypto meltdown that has seen the value of Bitcoin fall more than 56 percent from this year's high. These companies have been forced to seek emergency capital infusions, frozen withdrawals, or filed for bankruptcy. H...

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this years high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions.

Cryptocurrencylender Celsius Network said bitcoin mining is key to the company's restructuring efforts at a US bankruptcy court hearing on Monday in Manhattan.

Celsius Network, the crypto lender that recently filed for bankruptcy, defended is decision to begin Bitcoin mining operations at a bankruptcy court hearing on Monday. The lender received approval from the court to spend $3.7 million (roughly Rs. 30 crore) in construction costs at a new Bitcoin mining facility and $1.5 million (roughly Rs. 12 crore...

The ongoing cryptocurrency market meltdown could prove to be a cautionary tale for US public pension funds. Amid a plunge in prices for Bitcoin and other cryptocurrencies in recent weeks, crypto lenders have declared bankruptcy and others are facing a cash crunch. A handful of public pension funds that have dipped their toes in the crypto pool over...

Celsius, the cryptocurrency investment platform, revealed on Wednesday that it had filed for bankruptcy in the US. The move comes a month after Celsius froze withdrawals on its platform, and the firm says it is seeking to restructure in a way that would maximize value for all stakeholders. Other firms also recently suspended withdrawals, such as Co...

Britain will introduce "robust" regulations to govern the crypto sector and crypto assets, according to Financial Services Minister Andrew Griffith. The new rules come after rising interest rates led to a string of bankruptcies in the sector in 2022, while the price of Bitcoin plunged by 60 percent.

BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...

FTX assets worth $740 million (roughly Rs. 6,040 crore) have been recovered and secured so far, according to BitGo, the company tasked with locking down the assets of the failed cryptocurrency exchange. The biggest worry for many of FTX's customers is they'll never see their money again. The assets recovered include not only Bitcoin and ethereum, b...

FTX collapsed last week, with the crypto exchange declaring bankruptcy on Friday. The failure of the platform has undermined investor confidence and threatened the young cryptocurrency sector, and big players are now fighting back. The bankruptcy of FTX, which even in early November was still considered one of the most reliable platforms, is a remi...

The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...

Bitcoin price analysis shows price decline deepened a further 4 percent over Monday's trade, as price went down to $16,200 (roughly Rs. 13.1 lakh). BTC has been in consistent decline since November 6, and a further 4 percent decline could push price to test the $16,000 (roughly Rs. 13.1 lakh) support mark.

Crypto exchange FTX filed US bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after trader...

Bankrupt cryptocurrency lender Celsius Network, which disclosed earlier this week that it was running low on cash reserves, said it has received several proposals to inject cash into the company and won approval from a US judge to sell Bitcoin that it mines.

Celsius clients have written to the judge overseeing the multi-billion-dollar crypto lender’s bankruptcy, asking for their cash back. The firm owed $4.7 billion (roughly Rs. 37,205 crore) to its users, according to a court filing earlier this month. Hundreds of letters from around the world recount the results of users' accounts being frozen, fro...

Celsius Network, Voyager, Vauld, Blockfi, and Three Arrows Capital are some of the companies that were hit the hardest by the ongoing crypto meltdown that has seen the value of Bitcoin fall more than 56 percent from this year's high. These companies have been forced to seek emergency capital infusions, frozen withdrawals, or filed for bankruptcy. H...

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world's largest digital asset, bitcoin, down more than 56% from this years high. Several crypto companies have filed for bankruptcy or have been forced to look for emergency capital infusions.

Cryptocurrencylender Celsius Network said bitcoin mining is key to the company's restructuring efforts at a US bankruptcy court hearing on Monday in Manhattan.

Celsius Network, the crypto lender that recently filed for bankruptcy, defended is decision to begin Bitcoin mining operations at a bankruptcy court hearing on Monday. The lender received approval from the court to spend $3.7 million (roughly Rs. 30 crore) in construction costs at a new Bitcoin mining facility and $1.5 million (roughly Rs. 12 crore...

The ongoing cryptocurrency market meltdown could prove to be a cautionary tale for US public pension funds. Amid a plunge in prices for Bitcoin and other cryptocurrencies in recent weeks, crypto lenders have declared bankruptcy and others are facing a cash crunch. A handful of public pension funds that have dipped their toes in the crypto pool over...

Celsius, the cryptocurrency investment platform, revealed on Wednesday that it had filed for bankruptcy in the US. The move comes a month after Celsius froze withdrawals on its platform, and the firm says it is seeking to restructure in a way that would maximize value for all stakeholders. Other firms also recently suspended withdrawals, such as Co...