https://www.coindesk.com/business/2023/02/08/bitcoin-atm-operator-coin-cloud-files-for-bankruptcy-with-liabilities-of-100m-500m/
Coin Cloud, which operates more than 4,000 bitcoin ATMs across the U.S. and Brazil, has filed for bankruptcy protection with estimated liabilities of between $100 million and $500 million.
The Las Vegas-based firm has assets of between $50 million and $100 million and as many as 10,000 creditors, according to a filing in the U.S. Bankruptcy Court for the District of Nevada dated Feb. 7.
The company's largest creditor is Genesis Global Trading, which has an unsecured loan of just over $100 million. Genesis is a subsidiary of Digital Currency Group, which is also the parent company of CoinDesk. Genesis also discussed injecting equity into the ATM operator, Bloomberg reported in November.
Coin Cloud hired legendary filmmaker Spike Lee to direct a commercial for it in 2021.
The Shanghai Municipal Government has unveiled a comprehensive plan, titled the "Shanghai City Action Plan for Advancing New Infrastructure Construction (2023-2026)". This initiative seeks to revolutionise the city's infrastructure and services by harnessing the potential of emerging technologies such as artificial intelligence, blockchain, 5G, and digital twins.
JoyIn March, the investment company, which operates as an affiliate of Digital Wave Finance (DWF), entered the Orbs ecosystem through a token purchase of up to $10 million.
DavinAptos, a blockchain network, encountered a significant outage lasting over five hours on October 18, 2023, as it celebrated its one-year anniversary.
JasperA survey found that 41% of respondents would prefer not to hold virtual assets, and only 20% want to hold virtual assets in the future
ClementRipple executives have been absolved of the charges previously levied against them but the journey continues as Ripple and the SEC must settle on remedies for institutional XRP sale violations.
CatherineBinance has formalised agreements with new fiat partners for EUR payments, deposits, and withdrawals but the new service providers involved in this collaboration were not disclosed.
KikyoThis funding will be split between the University at Albany (UAlbany) and the State University of New York (SUNY), signifying a pivotal move towards establishing New York as a leading force in AI innovation and education.
JasperAfter the recent withdrawal of Paysafe, leading cryptocurrency exchange Binance has announced a strategic collaboration with new fiat partners to cater to its Euro services.
Hui XinThe exploiter behind the exploit of BH token on 11 October, continued to evade scrutiny by discreetly depositing a total of 1,500 BNB into Tornado Cash on 19 October.
CatherineBinance and HOPR previously announced Binance Labs' leading role in a $1 million investment round for HOPR, which precedes the company's upcoming token sale.
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