Bankrupt Companies

Wednesday, 30 November 2022

Latest News for: Bankrupt companies

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Crypto Lender BlockFi Sues Sam Bankman-Fried Company Over Robinhood Shares Following Bankruptcy Filing: Report

The Daily Hodl 30 Nov 2022

The bankrupt crypto lending platform BlockFi is suing Sam Bankman-Fried’s holding company to recover collateral ... agreement” it had with Emergent Fidelity Technologies, a holding company for Bankman-Fried, the disgraced former CEO of the bankrupt crypto exchange FTX.

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Broker-dealer INX makes bid for Voyager’s assets

The Block 30 Nov 2022

Broker-dealer and digital assets trading platform INX is making a play for bankrupt crypto lender Voyager Digital's assets. The company submitted a bid for the assets via a non-binding Letter of Intent (LOI), according to a company release ... The company unveiled INX One, a regulated ...

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FCA fines Swiss bank £18m over ‘corrupt’ relationships with Russian oil firms

AOL 30 Nov 2022

... relationships with Russian oil companies between 2007 and 2014 ... The FCA highlighted arrangements between its banking arm, Bank Julius Baer, and Dimitri Merinson, an employee of Yukos Group, which was formerly Russia’s largest oil company but which went bankrupt in 2006.

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Brazil Approves Crypto Regulation Bill; Will This Pump Bitcoin?

CoinGape 30 Nov 2022

If a company goes bankrupt, those assets are returned to the consumer rather than being used to pay off creditors ... As per the bill, all locally active cryptocurrency providers must have a physical company in the country, in addition to this the bill also states that those who did not comply will have to pay fines or have to face 2-6 year prison.

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Senators grill Kroger and Albertsons CEOs over grocery mega-merger

The Hill 30 Nov 2022

“The companies assure us that this is the merger that will make everything better,” said Sen ... However, the company who bought those divested locations soon went bankrupt, leading to Albertsons soon buying the companies back at a discounted price.  ... “Yet the companies assure us that this is the merger that will make everything better.”.

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Bitcoin Security Firm Casa Embraces Ethereum

Decrypt 30 Nov 2022

While Neuman is in no way pleased with the fact that billions of dollars worth of FTX users’ funds are currently trapped, or possibly forever lost, within the now-bankrupt company’s murky mechanisms, he does think the calamity could provide a silver lining for self-custody advocates.

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Despite FTX Woes, Game7 is Still Investing in Web3 Gaming

This Day 30 Nov 2022

Add to the list the recent collapse of the crypto giant FTX, the most promising crypto platform, which bankrupted many companies ... The company is not alone in this assertion as Cassava Network, a blockchain infrastructure ecosystem providing Africans with inclusive financial ...

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Letter to the editor: Season of coming together

Missoulian 30 Nov 2022

Midterms found me distrustful of fellow citizens ... It was the biggest mid-term ‘save’ of democratic institutions and US leadership in memory ... If we can just come together! ... Unlike social media companies now going bankrupt turning us against one another, face-to-face thanksgivings buoy our free will and trust in others. It lifts all boats ... No ... Missoula . .

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Bitcoin, Ethereum, Algorand, and Filecoin Daily Price Analyses – 29 November Roundup

Cryptopolitan 30 Nov 2022

Though it is yet to be seen how long it will continue ... He added that he had everything tied up to the company and it came crashing ... BTC closer to $17K ... The company started its operations in Texas on Tuesday and will continue. Various BTC mining companies have gone bankrupt due to the negative trend in the market as they couldn’t make enough revenue.

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What happens when a council declares bankruptcy?

New Statesman 30 Nov 2022

Local governments in the UK don’t “go bankrupt” in the way that a person or a company might (or their counterparts in the US, where municipal bankruptcies are common), however. What happens instead? ... “Most CFOs do anything to avoid issuing one ... Thurrock Council is currently dealing with the fallout from borrowing and investing £1bn in a solar company.

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Where do India, US stand after 14 years of nuclear deal?

Anadolu Agency 30 Nov 2022

The agreement provides nuclear material transfers, nuclear trade, nuclear equipment, components, and related technologies, as well as collaboration in nuclear fuel cycle activities. The deal signed on Oct ... For instance, Westinghouse was a very important factor since it committed to providing India with nuclear reactors, but the company went bankrupt.

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Billionaire Anil Agarwal lists 2 steps to expand business. See post

Live Mint 29 Nov 2022

The Vedanta Resources chairman explained with an example of a company that went bankrupt in ... I tell them to get these two things right - empower your young talent and let your local people lead.'Agarwal gave an example of another bankrupt company that he learned about in the 1990s.

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FTX News: Here’s How BlockFi Plans To Return All Customer Funds

CoinGape 29 Nov 2022

As an effort of returning funds to its customers, the firm is reportedly going to try and collect funds that are owed by other cryptocurrency companies; the most notable being Sam Bankman-Fried’s bankrupt trading firm, Alameda Research ... According to company attorney Joshua Sussberg, the corporation will shortly request permission from U.S.

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Sam Bankman-Fried Says FTX Hacker May Be a Former Employee

Decrypt 29 Nov 2022

While SBF appears to have prioritized users in his country of residence for what seems like his own safety and his bankrupt company’s “future,” he admitted it was a “shitty” thing to do ... into FTX’s system to siphon $10 billion worth of funds to sister company Alameda Research.

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Quinn acknowledges role in collapse of business empire

RTE 29 Nov 2022

In the second part of a three-part documentary screened by RTÉ tonight, he talked about the huge gamble he took on bank shares which ultimately bankrupted his companies ... The group was a network of companies involved in everything from cement and glass manufacturing to insurance ... He said he had been confident that shares would recover ... "That was wrong.