October 05, 2023
Small Businesses Look for New Options as Traditional Funding Shrinks
Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing. PYMNTS Intelligence shows that six in 10 smaller firms are denied funding through...
October 04, 2023
Blue Apron and SmileDirectClub Prove Profits Are Ultimate Test for...
A hallmark of subscription startups has always been the lure of recurring revenues. A recurring theme has also been that profits are elusive — and sometimes the pressures on the business...
October 03, 2023
Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed crypto lender also aims to...
October 03, 2023
Do Bankman-Fried Jurors Need Crypto Knowledge to Decide Case?
Jurors in FTX founder Sam Bankman-Fried’s trial may not be familiar with cryptocurrencies. And as The Wall Street Journal (WSJ) reported Tuesday (Oct. 3), that lack of knowledge might be something both the...
October 02, 2023
FTX’s Sam Bankman-Fried Rose and Fell, Now Comes His Reckoning
It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder of the failed exchange’s criminal...
October 02, 2023
Working Capital Deserts on Main Street Challenge Small Business Survival
Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue and having physical locations from...
October 02, 2023
Bankman-Fried’s Friends May Be Key to Criminal Trial
While the U.S. Department of Justice (DOJ) has precluded the testimony of all of accused crypto fraudster Sam Bankman-Fried’s seven witnesses in his imminent trial, the prosecution team is readying...
October 02, 2023
Report: Bankman-Fried’s Alleged Victims Still Believe in Crypto
Despite losing millions when FTX collapsed, some investors still believe in the promise of cryptocurrency. As CNBC reported Monday (Oct. 2) — in advance of a documentary on the subject — FTX investors and...
October 02, 2023
Small Business Bankruptcies Jump as Capital Grows Scarce
Rising interest rates have reportedly helped fuel a spike in small business bankruptcies. As The Wall Street Journal (WSJ) reported Sunday (Oct. 1), the jump is being driven by filings...