September 14, 2023
Robinhood’s Monthly User Numbers Continue to Dip
Robinhood’s monthly active user (MAU) base continues to shrink. The trading platform announced Wednesday (Sept. 13) that its MAUs for August came to 10.6 million. That’s down from 11 million at the close...
September 13, 2023
FTX Receives Court Approval to Sell Crypto to Repay Customers
FTX has been granted court approval to sell its cryptocurrency assets to repay customers in U.S. dollars. The decision, made Wednesday (Sept. 13) by U.S. Bankruptcy Judge John Dorsey in...
September 12, 2023
Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
The United States is grappling with record-high consumer credit card debt of over $1 trillion, raising concerns about credit insecurity for both consumers and providers. As a result, a significant...
September 11, 2023
Bidding Process Underway for Potential Revival of FTX
FTX Group is reportedly set for a potential revival. The defunct cryptocurrency exchange’s estate has reached out to over 75 potential bidders since May, and several bids have already been...
September 11, 2023
WeWork Plunges as It Seeks Lease Renegotiations, Drives CE 100...
A holiday-shortened trading week offered no respite for the CE 100 Index, which continued a general downward trend that’s been the hallmark of the last several sessions. Yet again, all...
September 06, 2023
Cybersecurity Company IronNet to Furlough Workers and Explore Options
IronNet, a cybersecurity company founded by former Pentagon leaders, announced it will furlough most of its workers and explore options including bankruptcy reorganization or liquidation. The company made the announcement...
September 06, 2023
Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by The New York Times, showing...
September 05, 2023
Business Bankruptcies Rise 17% in August Due to Interest Rates
Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising interest rates and various economic...
September 05, 2023
Genesis Global Trading to End Over-the-Counter Crypto Trading in US
Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients, the company stated that all...