Following a social media firestorm about customers’ funds due to impending bankruptcy, Coinbase CEO Brian Armstrong has cleared the air. Coinbase CEO and co-founder Brian Armstrong has moved to assuag...
Tag: Bankruptcy
Coinbase CEO says funds are safe amid bankruptcy protection fears
Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. Howeve...
Coinbase CEO Refutes Rumors of Bankruptcy Amid Loss in Q1 2022
3 hours ago | 2 mins read Exchange News Immediately after the declaration of the loss, there was a flurry of discussion on Twitter. The team is now working on revising their agreements so that retail ...
Coinbase CEO Explains New Disclosure Filing, Says Company Has No Risk of Bankruptcy
Leading U.S. cryptocurrency exchange Coinbase recently released its earnings report for the first quarter of 2022, netting a total loss of about $430 million within the period. Coinbase New Disclosur...
Coinbase CEO Brian Armstrong Details Crypto Bankruptcy Risks if Black Swan Event Rocks Crypto Markets
Coinbase CEO Brian Armstrong is assuring investors the crypto exchange is not facing bankruptcy risks amid concerns over the firm’s latest 10-Q filing. The 10-Q form filed by Coinbase with the Securit...
Coinbase: Customers Could Lose Crypto If It Ever Went Bankrupt
Text size Coinbase customers don’t have the same protections as bank or brokerage customers. Dreamstime As if crypto investors don’t already have enough to worry about, Coinbase Global (ticker: ...
Coinbase Lets Users Know What a Bankruptcy Could Mean for Their Crypto
(Bloomberg) — Coinbase Global Inc., like the rest of the cryptocurrency market, is having a really tough week. Not filing-for-bankruptcy bad, but the biggest US crypto exchange did just mention ...
Coinbase CEO Clears Air Regarding Risk Of Bankruptcy
The chief executive of Coinbase, Brian Armstrong, has eased out concerns regarding bankruptcy in one of his tweets. He further allayed the fears of Coinbase users by stating that the company’s latest ...
Coinbase Faces No Risks of Bankruptcy Despite Market Crash and Disappointing Q1 Results, Says CEO
Following recent events in the crypto market, Coinbase CEO Brian Armstrong has put customers’ minds at ease by reassuring them that the US crypto exchange currently has no risk of bankruptcy, as some ...
Armstrong Flooring Files Bankruptcy, Blaming Rising Costs
(Bloomberg) — Armstrong Flooring Inc. filed for bankruptcy protection, saying it couldn’t raise prices high enough to keep up with rising supply and transportation costs. Most Read from Bloomber...
Crypto Held on Coinbase Could be Subject to Bankruptcy Proceedings
Some small print in a financial report from Coinbase has raised eyebrows over a potential bankruptcy scenario and the implications for retail customers’ crypto assets stored on the platform. In its 10...
Coinbase bankruptcy wording triggers warnings to move crypto off exchanges
On May 10, crypto exchange Coinbase released its Q1 2022 earnings report doing little to calm choppy market conditions. It showed net revenue down 53% from the previous quarter, to $1.165 billion, and...
‘My degree has not led to greater income.’ Can I get rid of old student loans?
How to get out of student loan debt Getty Images/iStockphoto Question: I have a degree, and I’ve been paying the student loan for about 25 years. I switched to income-driven repayment in 2011. The loa...
Alex Jones’ Infowars Site Files For Bankruptcy — Here Are The Lawsuits That Led To Millions In Legal Fees
Topline Three companies owned by far-right radio host Alex Jones, who was found liable last November for spreading false claims about the Sandy Hook elementary school shooting, filed for bankruptcy — ...
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
How to Avoid Bankruptcy When Betting Online
Whenever you gamble at crypto casinos, there is always a chance you’ll lose. Given that you’re essentially betting with an exceptionally volatile currency, you’re technically gambling twice. To help y...
Instant Grocery Delivery App Buyk Files for Bankruptcy After Russian Sanctions
(Bloomberg) — Rapid grocery-delivery app Buyk Corp. filed for bankruptcy and will permanently shut down after fallout from Russia’s invasion of Ukraine restricted the startup’s access to funding...
I graduated college at 40, but defaulted on my student loans. How can I deal?
How to get out of student loan debt Getty Images/iStockphoto Question: I am about to turn 65 and eligible for Medicare. I have a bachelor’s degree in business and organizational communications and an ...
How To Claim Bad Debt Losses On Your Taxes
Money tree loses leaves getty Let’s say that, a few years ago, I individually made a sizable loan to a friend. Since there is no chance I will be repaid, can I report a tax deduction for the amount I ...
Will Any Retailers File For Chapter 22 In 2022?
NEW YORK – JUNE 01: A sign leading to U.S. Bankruptcy Court in lower Manhattan is seen June 1, 2009 … [+] in New York City. General Motors filed for Chapter 11 bankruptcy protection June 1...
Texas Gov. Greg Abbott Pressed Grid Operator To Keep Prices At $9,000 Per Megawatt-Hour During Crisis
Bill Magness, president and chief executive officer of Electric Reliability Council of Texas … [+] (ERCOT), speaks during the 2018 CERAWeek conference in Houston. Photographer: Aaron M. Sprecher...
I’m an attorney with more than $200K in student loans. How should I handle this?
Getty Images/iStockphoto Question: I’m an attorney with over $200,000 in federal student loan debt, and I desperately want to file for bankruptcy on these loans. I’m on an income-driven repayment plan...
German Cruise Ship Builder Owned By Malaysian Billionaire Lim Kok Thay’s Genting Files For Bankruptcy
The Genting Dream cruise ship operated by Genting Hong Kong at the Marina Bay Cruise Center in … [+] Singapore, on December 14, 2018. Nicky Loh/Bloomberg MV Werften—the German cruise ship builde...
Billionaire Lucio Tan’s Philippine Airlines Exits Bankruptcy, Poised To Recover From Pandemic Losses
HONG KONG, HONG KONG – AUGUST 08: An Airbus A340-313 passenger plane belonging to the Philippine … [+] Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong...