Payment processors Mastercard and Visa say they have no plans to alter their crypto strategies despite delaying plans to forge new relationships in the industry, following the high-profile collapses o...
Tag: bankruptcies
Visa and Mastercard put crypto push on hold over industry bankruptcies
Despite making multiple advances in opening their business toward the cryptocurrency sector, payment giants Visa (NYSE: V) and Mastercard (NYSE: MA) have decided to put on hold their further venturing...
More Crypto Firms Threatened With Layoffs and Bankruptcies
The stablecoins crisis is having a ripple effect on the crypto industry. Events in 2022 exposed how intertwined stakeholders have become in the crypto industry. Large crypto firms are taking drastic m...
Exchanges Beat Wallets Despite High-Profile Bankruptcies: Report
Research by imToken has found that users prefer centralized exchange custody over self-custodial wallet solutions wallets. The report comes despite the recent collapse of crypto heavyweight FTX. Accor...
Michael Saylor Weighs in on Crypto Bankruptcies and Regulation
MicroStrategy Co-Founder sounds bullish even though last year’s crypto market crashed. The high profile crypto bankruptcies affected the crypto ecosystem but were helpful, as said by MicroStrategy co-...
Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that th...
One Crypto Giant Is the Clear Winner of 2022 Amid Waves of Bankruptcies and Layoffs: Arcane Researcher
An analyst at crypto insights firm Arcane Research says one titan of the industry is the “clear winner” of last year, standing tall among a sea of bankruptcies and collapses. Senior Arcane Research an...
FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcies
When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurr...
Crypto Industry Is Going Through Growing Pains – Maturing Into A Robust Ecosystem
big data, global business, cryptocurrency 3D render getty The global crypto market, at $895 billion, has lost over $2 trillion in value since the market peaked in November 2022. It includes centralize...
SEC calls on firms to disclose exposure to crypto bankruptcies and risks
The United States Securities and Exchange Commission (SEC) has issued new guidance that could see publicly traded companies disclose their exposure to crypto assets. In a statement released on Dec. 8,...
Bankruptcies and falling profits spell doom for crypto mining industry
Recently exacerbated by the collapse of the crypto trading platform FTX, the ongoing crisis in the cryptocurrency industry has sent most of its participants into chaos, and it hasn’t spared Bitcoin (B...
Bitcoin May Face Selling Pressure Due to Potential Bankruptcies in Mining Sector
Alex Dovbnya Industry leader Core Scientific is likely to file for bankruptcy by the end of the year, but other mining companies are in trouble as well According to cryptocurrency analytics firm Messa...
Crypto Bankruptcies Have Generated a Wave of New Accounting Clients for Armanino
Although bad news for the companies involved, bankruptcies, liquidations, and tokens going to zero have created myriad opportunities for accounting firms like Armanino. The company, founded in 1969, s...
Crypto bankruptcies could put some customers at the ‘bottom of the totem pole’
For the first time in the short life of cryptocurrency, major crypto platforms have turned to US bankruptcy law to salvage their insolvent businesses. Now it’s largely up to bankruptcy courts to...
Court letters reveal financial distress after Celsius, Voyager bankruptcies
Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies. “The money that my wife and I were...
Here comes a ‘flurry’ of retail bankruptcies, former retail CEO warns
Retailers on life support may go the way of the dinosaur in early 2023 should the economic slowdown cause a lackluster holiday shopping season. “I think we will see a flurry of bankruptcies like...
Global crypto market cap rises 8% in 30 days despite bankruptcies in the sector
After enduring a tough first half of the year characterised by a significant sell-off, the cryptocurrency market is recording minor gains led by Bitcoin. The gains are highlighted by an increase in ca...
‘I just wake up and cry’: Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms
Yotsy Ruiz recently bought his first ever crypto hardware wallet — a Nano X from Ledger. He is transferring all his crypto holdings that he can still move to the small physical device which looks like...
All The Big Layoffs, Record Withdrawals And Bankruptcies Sparked By The $2 Trillion Crash
Embattled crypto lender, Voyager Digital, filed for bankruptcy this week and became the latest casualty of a bear market that will continue to leave a path of destruction in the digital currency secto...
Musk Welcomes Recession Because ‘Bankruptcies Need To Happen’
Elon Musk thinks a recession is coming, and the billionaire businessman believes that it is a “good thing.” The world’s richest man made the positive case for economic misery via Twitter on Friday, ar...