Join the most important conversation in crypto and web3! Secure your seat today Belgian cryptocurrency lending platform Bit4You has suspended its operations after one of its service providers, CoinLoan, was declared insolvent by a court in Estonia. Bit4You learned of CoinLoan’s insolvency on April 24, and that it no longer has necessary registration as a…
(ES Composte) Times are tough right now, thats for sure, and British households have shown remarkable resilience of late. But this resilience is being tested to the max and with very little more to give. This week saw the release of our latest Consumer Lending Newsflash, examining current trends across the entire UK open market…
He found that the director, Gregory Swartz, had a long history with operator licences. The Traffic Commissioner heard that Mr Swartz had previously been the director of a company revoked at public inquiry in 2014, then the director of another operator which had offered to surrender its licence in October 2022. This company, GMAKX Ltd,…
E-transfer (Canada):[email protected] – password RebelNews if required Cheques made out to Rebel News:Rebel News Network Ltd.PO Box 61056 Eglinton/Dufferin ROToronto, ON M6E 5B2 Crypto Remove Ads Black Lives Matter’s (BLM) national establishment faces the specter of bankruptcy, as its finances nosedived to an $8.5 million deficit last year, concurrently awarding multiple employees with salaries in…
Former British child migrants are demanding King Charles III intervene after a “disgusting” compensation offer for abuse suffered at Australia’s notorious Fairbridge farm schools. Key points: UK child migrants were told to expect 1 per cent of the value of the claims for abuse suffered at Australian farm schools Administrators wrote to creditors stating there was insufficient money to pay…
KUALA LUMPUR (May 24): The Dewan Rakyat unanimously passed amendments to the Insolvency Act 1967 via a voice vote on Wednesday (May 24). The amendments involve improvements to the Acts automatic discharge mechanism, streamlining of creditor meeting process, enabling the use of technology in bankruptcy administration, and addition of two eligible bankrupt categories to be…
Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network. The Fahrenheit group must provide a $10 million deposit within three days to complete the process. Cryptocurrency consortium Fahrenheit has won the bid to acquire insolvent crypto lender Celsius Network, court documents revealed. Fahrenheit will acquire Celsius Networks institutional loan portfolio, staked…
Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news today (25 May 2023) that Woking borough council now has a total debt of 1.9bn. Ministers have stepped in and appointed external commissioners…
Celsius named Fahrenheit, an association of various crypto companies and investors, the successful bidder in the auction for the bankrupt crypto lenders assets on Wednesday, according to a court filing. Fahrenheit is composed of venture capital firms Arrington Capital and Proof Group, mining group U.S. Bitcoin, as well as investors Steven Kokinos and Ravi Kaza.…
May 25, 2023 6.58pm Rivet Mining Services founder Mark Rowsthorn, who poured more than $30 million into the logistics group, is likely to have had his investments wiped out after the companys lender put the parent company into administration. RMS emerged out of the ashes of former transport group McAleese, which was also run by…