A New Chapter Begins
Dear Community, The time has come to flip to a new page in the magazine. My time as Editor-in-Chief at Bitcoin Magazine has come to an end. It has been a great honor and a tremendously fun and crazy adventure to take. From initial concept, to the form of a website and finally a paper magazine. We couldn't have done it without your help and support. You....
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Bitcoin mining hardware manufacturer HashFast has formally entered Chapter 11 bankruptcy following a court ruling. The US bankruptcy court granted the company's request on 7th June after it filed for bankruptcy protection two days earlier. The move closes a turbulent chapter in HashFast's history, nearly a month after laying off half of its workforce and publicly denying that it was filing for bankruptcy. According to a 10th June blog post, the company is now in the process of reorganizing under Chapter 11. Most notably, CEO Eduardo DeCastro has resigned from his position as part of a....
Unconventional actions are being taken by the liquidators of the collapsed crypto hedge firm Three Arrows Capital to compel the fund’s founders into complying with the law’s due process. After a British Virgin Islands court apparently placed the company into liquidation at the end of June, the Singapore-based firm filed for Chapter 15 bankruptcy in a […]
Troubled Japan-based bitcoin exchange Mt. Gox has filed for Chapter 15 bankruptcy protection, an ancillary form of bankruptcy that will complement its primary Tokyo District Court claim issued on 28th February. US Chapter 15 bankruptcy provides specific protections in cases of cross-border insolvency, and is based on UN model law. Both Japan and the US have adopted Chapter 15 bankruptcy in an effort to better protect the interests of shareholders and maximize the value of debtor assets in cross-border bankruptcies. At the time of its filing, Mt. Gox claimed an outstanding debt of ¥6.5bn....
When the Gemini Trust Company begins trading Ether Monday at 9:30 a.m., offering ETH/BTC and ETH/USD trading pairs on two order books, a new chapter begins with the world’s first licensed Ether exchange. Ether is the crypto-asset and token of the Ethereum network, and has emerged as the leading altcoin and is the fastest growing digital currency. Gemini founders Tyler and Cameron Winklevoss planned from their company’s beginning two years ago to provide a platform to allow customers to trade digital assets in addition to bitcoin. Over the past six months, Gemini recognized Ether as a....
Let’s finish the 4th chapter once and for all, book lovers. As promised, we’re going to take government money to court and analyze its track record. How do you think it did? We’ll also analyze the hyperinflation phenomenon, which as it turns out, “is a form of economic disaster unique to government money.” How does […]