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Argo Blockchain Shares Jump; FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings

Bitcoin miner Argo Blockchain will avoid filing for bankruptcy protection after Galaxy Digital agreed to buy its mining facility for $65 million and provided another $35 million loan. Plus, the latest on MicroStrategy's bitcoin bet. And, a group of FTX users are asking a U.S. court to make sure they are the first to get repaid in the crypto exchange's bankruptcy proceedings.

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Videos

Argo Blockchain Gets a Lifeline From Galaxy Digital

Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection after Galaxy Digital (GLXY) agreed to buy its Helios mining facility in Texas for $65 million and grant the miner another $35 million loan. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss the hardships the mining industry faces this crypto winter.

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Finance

Майнер Bitcoin Argo Blockchain избежит банкротства благодаря спасению в размере 100 млн долларов от Galaxy Digital Новограца

Galaxy купит предприятие Argo Helios за 65 миллионов долларов и предоставит горнодобывающей компании кредит в размере 35 миллионов долларов на период реструктуризации.

Galaxy Digital CEO Mike Novogratz (Suzanne Cordiero/Shutterstock/CoinDesk)

Policy

Судья одобрил продажу платформы самостоятельного хранения компании Galaxy Digital в деле о банкротстве Celsius

Ранее в этом месяце Galaxy, компания, предоставляющая финансовые услуги в сфере криптовалют, выиграла аукцион по продаже GK8.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Videos

Galaxy Digital Will Buy GK8 From Celsius; Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

U.S. employers beat expectations and added 263,000 jobs in November, sending bitcoin's price below $17,000. Mike Novogratz's Galaxy Digital won an auction to buy self-custody platform GK8 from bankrupt crypto lender Celsius Network. Bitcoin miners could continue to find themselves in hot water from exposure to FTX's contagion.

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Finance

Galaxy Digital выигрывает аукцион по покупке GK8 у обанкротившегося Криптo Celsius

Платформа самостоятельного хранения, приобретенная Celsius более года назад, была выставлена ​​на продажу после подачи кредитором заявления о банкротстве в июле.

(Sam Reynolds/CoinDesk)

Finance

Майкл Новограц сообщил CNBC, что не ожидает возмещения убытков в размере 77 миллионов долларов, связанных с FTX

Комментарии появились на следующий день после того, как компания раскрыла информацию о риске в своей квартальной прибыли.

(Sam Reynolds/CoinDesk)

Videos

Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital

Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.

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Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers

Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.

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