This Is Why Carnvial Cruise Is Drifting Dangerously Close to Bankruptcy

Carnival Cruise has pushed back its restart date as the pandemic intensifies. The company’s debt load and cash burn are spiraling out of control. Bankruptcy is on the table for this embattled cruise operator. Shareholders could get wiped out. Carnival Corporation (NYSE: CCL) could be on the road to bankruptcy. This week, the company revealed […]

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Investment Fund Arcane Crypto Plans Nasdaq Nordic Listing Through $32M Reverse Takeover

Norwegian cryptocurrency investment fund Arcane Crypto is planning to list on Nasdaq Nordic’s alternative stock exchange through a reverse takeover. EDIT (July 2, 13:40 UTC): A previous version of this article stated Arcane had signed an LOI with Tongdow E-Commerce, this has now been corrected. Disclosure The leader in blockchain news, CoinDesk is a media […]

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What if They Had a Bitcoin Ban and No-one Cared?

If the recent issues surrounding bank account closures and domestic media warnings were supposed to scare Chinese attendees away from the two-day Global Bitcoin Summit starting in Beijing Saturday, someone forgot to tell everyone. The main 400-seat auditorium was regularly full on the first day for the event’s keynote speakers, which included Roger Ver, Aaron […]

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Thai Bitcoin Exchange Reopens with Enhanced Services

Thailand based bitcoin exchange Bitcoin.co.th has relaunched as a full exchange after months spent offline and in testing, with a focus on security and ease of use, according to its founders. That Thailand has open exchanges at all is significant, given the country’s ongoing reputation in some media as a bitcoin-unfriendly jurisdiction. Bitcoin.co.th went offline […]

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Bitmain Infighting Hurts Clients as Co-Founder Halts Miner Shipments

Its employees have been forced to choose sides but now Bitmain’s customers are also in the middle of the escalating power struggle at the world’s largest bitcoin miner manufacturer. Chinese crypto media BlockBeats reported on Wednesday that since his return in early June, once-exiled co-founder Micree Zhan has halted a Shenzhen subsidiary of the Beijing-based […]

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Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0

Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million. Indeed, Nexus can barely keep up with the demand for smart-contract cover in the exploding decentralized finance (DeFi) arena.  “We are in this position where there […]

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Crypto’s Biggest ICOs Stay Silent on SEC Subpoenas

The silence is deafening. After rumors began to fly late last week that the SEC has been sending out subpoenas to initial coin offerings (ICOs), some of the biggest projects to yet utilize the funding mechanism have remained tight-lipped, refraining from public commentary. CoinDesk has so far reached out to the 14 best-known issuers that […]

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The Death of the American Shopping Mall Is Coming Sooner Than You Think

The pandemic is accelerating the demise of shopping malls. A third of U.S. malls could close their doors by next year. Consumers are increasingly shopping online instead of going to brick-and-mortar stores. If you like to shop for clothes, drink coffee, and gather with friends at a shopping mall, you will be sad to learn […]

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