The price of Bitcoin plunged below $59,000 late Tuesday, according to CoinGecko data, reaching lows not seen in a week. The more than 3% fall was echoed by Ethereum, which fell below $2,500. The sudden price drop triggered over $170 million in long-position liquidations in a single hour, according to CoinGlass, stinging investors betting for…
Ionic Digital Inc., a Bitcoin mining company co-owned by former Celsius clients, faces potential liquidation as shareholders grow frustrated with financial delays and management changes. Liquidation Concerns Grow Amid Financial Difficulties Some creditors are considering liquidation owing to worries about management and financial difficulties at Bitcoin mining company Ionic…
Ionic Digital Inc., a Bitcoin mining company co-owned by former Celsius clients, faces potential liquidation as shareholders grow frustrated with financial delays and management changes. Liquidation Concerns Grow Amid Financial Difficulties Some creditors are considering liquidation owing to worries about management and financial difficulties at Bitcoin mining company Ionic Digital Inc.,…
By Eliza Mcphee For Daily Mail Australia Published: 11:25 AEST, 28 August 2024 | Updated: 11:29 AEST, 28 August 2024 An Australian company that sold bed linin and other homewares has entered voluntary administration after 40 years. Lorraine Lea Linen had administrators appointed on Monday. The retailer is still trading and has launched a 50…
Bitcoin mining firm Ionic Digital Inc., co-owned by former Celsius Network customers, is under scrutiny as some creditors contemplate liquidation due to concerns over management and financial challenges. Initially intended to compensate former Celsius users, Ionic has faced setbacks in its plans to go public, prompting dissatisfaction among its shareholders. Bitcoin Mining Firm Ionic Faces…
(Bloomberg) — Some former Celsius Network customers are exploring whether they can liquidate Ionic Digital Inc., a Bitcoin mining firm they own with other Celsius creditors that’s struggled to complete plans to go public. Joseph Sarachek, a lawyer representing some Celsius creditors, told a New York bankruptcy judge Tuesday that his office has been contacted…
UK’s Small Robot Company (SRC) proceeds into liquidation. The technology of the company delivered value at a profit, with customers waiting, but could not secure the required investment to scale. According to SRC on LinkedIn they had a signed Term Sheet, but the investment did not land before the runway ended. Looking back SRC mentioned…
(Bloomberg) — Some former Celsius Network customers are exploring whether they can liquidate Ionic Digital Inc., a Bitcoin mining firm they own with other Celsius creditors that’s struggled to complete plans to go public. Joseph Sarachek, a lawyer representing some Celsius creditors, told a New York bankruptcy judge Tuesday that his office has been contacted…
Fisker Inc. begins Chapter 11 liquidation after failing to secure necessary funding and partnerships. Ongoing negotiations focus on access to parts and service for current Fisker vehicle owners. Shareholder lawsuits and SEC investigations add complexity to the already tumultuous bankruptcy process. Fisker, the electric vehicle manufacturer, has commenced a Chapter 11 bankruptcy liquidation process while…
Federal court orders liquidation of UK pension management firm | Australian Broker News News … Read the original article here