By Dietrich Knauth NEW YORK (Reuters) – Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a battle over which group will be paid first. Fisker filed for bankruptcy protection in Delaware on Monday after burning through cash in an attempt to […]
Bitcoin’s Sudden Dip Triggers Massive $420M Liquidation Of Long Positions In a recent development, Bitcoin, the world’s premier cryptocurrency, witnessed a substantial drop, leading to the liquidation of over $420 million in long positions within a span of 24 hours, as reported by CryptoNews on Tuesday. Data from Coinglass reveals that 190,144 traders were liquidated, […]
By Dietrich Knauth NEW YORK (Reuters) – Families of the Sandy Hook massacre victims claimed victory in Alex Jones‘ bankruptcy case on Friday, accepting the conspiracy theorist’s proposal to sell his assets, including InfoWars, to partly pay legal judgments to them for his lies about the 2012 U.S. school shooting. Jones, who filed for U.S. […]
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China’s biggest private property developer Country Garden is facing a liquidation petition, which has been filed in Hong Kong by a creditor. Country Garden failed to repay HK$1.6bn ($204.5m; £161.2m), according to the Hong Kong Stock Exchange filing. The firm, which defaulted on its overseas debt in October, says it will “resolutely oppose” the legal […]