company

Qredo CEO Replaced, Company Secures Debt Financing to Ensure Survival: Insider Sources

Theon BarrettDec 21, 20233 min read

Qredo CEO Anthony Foy Removed from Company in Investor-Led Overhaul According to sources, Qredo co-founder and CEO Anthony Foy has been removed from the company as…

Zooko Wilcox Steps Down as CEO of Electric Coin Company (Zcash), with Josh Swihart Taking Over

Blount CharlestonDec 20, 20232 min read

Zooko Wilcox Steps Down as CEO of Electric Coin Company Zooko Wilcox, the founder of Zcash, has announced his resignation as the CEO of Electric Coin…

Discover the substantial annual losses incurred by the most profitable Bitcoin mining company

Fin BoldomDec 19, 20233 min read

Challenges Faced by Publicly Traded Bitcoin Mining Companies The rise of institutional interest in Bitcoin has led to the emergence of publicly traded Bitcoin mining companies.…

Settlement Reached Between Insolvent Crypto Company FTX Trading and Bahamian Subsidiary

Benito CormiDec 19, 20233 min read

FTX Reaches Agreement with Bahamian Subsidiary for Fair Asset Distribution FTX Trading Ltd. and its affiliated debtors have reached a landmark settlement with their Bahamian subsidiary,…

Improbable’s Metaverse Company Sells Gaming Subsidiary to Keywords for $96.8 Million

Wyatt NewsonDec 18, 20232 min read

Metaverse Startup Improbable Sells Gaming Subsidiary to Keywords Studios Improbable, a metaverse startup, has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios…

Tether’s USDT Stablecoin Decouples from USD on Exchanges Following $435M Freeze by Company

Wyatt NewsonDec 18, 20232 min read

Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M Tether’s USDT, the largest stablecoin by market capitalization, has depegged from its intended…

Improbable’s Gaming Division Sold for Nearly $100 Million by Metaverse Company

Theon BarrettDec 18, 20233 min read

Improbable Sells Gaming Services Subsidiary to Keywords Studios Improbable, a metaverse startup backed by SoftBank and Andreessen Horowitz (a16z), has sold its gaming services subsidiary, MPG,…

Improbable, a SoftBank-backed metaverse company, successfully divests a significant gaming project for $97 million.

Nathan CobenDec 18, 20233 min read

Improbable sells gaming venture to Keywords Studios for $97.1 million Metaverse company Improbable has sold its multiplayer game services firm, The Multiplayer Group (MPG), to Keywords…

SafeMoon Crypto Company Declares Bankruptcy After Founder and Executives Face Fraud Charges in Recent Indictment

Daisy HodleyDec 16, 20232 min read

SafeMoon Files for Bankruptcy After Founder and Executives Are Indicted on Fraud Charges SafeMoon, a blockchain firm, has made the decision to file for Chapter 7…

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