Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox CreditorsGox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment would be put in escrow and made […]

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Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout

Switzerland's Famed "Crypto Valley" Seeks $103 Million Government BailoutSwitzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors. About 80% of 203 firms surveyed by the Swiss Blockchain Federation recently warned of imminent bankruptcy. Only half of […]

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Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up

Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light UpRecent reports show that major marijuana companies are running out of money, and businesses in Canada are especially in danger of becoming illiquid. Major producers in the weed-friendly nation have just over 6 months of cash on hand, according to the information, and comparable companies in the U.S. just over one year of liquidity. In […]

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London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation

London-Based Cryptocurrency Exchange LBX Faces Compulsory LiquidationLondon-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficulties and is now being liquidated. Despite rising crypto prices, which typically lead to an influx of new traders, some regulated exchanges have struggled to survive amidst rising legal fees, compliance costs, and other overheads. Also Read: Crypto Winter Claims Another […]

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Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin

Fortress Renews Offer to Buy Mt Gox ClaimsAccording to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork […]

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