Altcoin News by Thebittimes.Com

Influencer, entrepreneur, and self-help guru Tai Lopez is having a very strange year. The usually loud and self-centered 46-year-old, well known for his videos showcasing his sports cars, mansions, and bookshelves, has gone uncharacteristically quiet on his social media — save for YouTube and Instagram, where he continues to push self-help podcasts and book reviews. So, what’s going on? Lopez’s last post on Twitter roughly two months ago announced the sad news of his best friend’s passing. While it’s undoubtedly tragic to lose a loved one — and certainly a valid reason to take a social media hiatus — the loss isn’t the only explanation as to why Lopez’s posting has diminished. On March 2, the Wall Street Journal reported that Lopez’s company, Retail Ecommerce Ventures, LLC, was struggling to stay afloat and seeking legal assistance from Kirkland and Ellis, the same law firm working with Celsius Network and Voyager Digital in their respective bankrupt cy cases. Th...

As seen throughout the year, bankrupt cies have been increasingly common in the crypto industry. The Bitcoin [BTC] mining ecosystem in particular lost quite a bit. Prominent miner Core Scientific recently filed for bankrupt cy. While Argo Blockchain hinted at the possibility of going bankrupt , Mike Novogratz’s Galaxy Digital came as its saving grace. According to recent reports, Argo Blockchain will not be filing for bankruptcy protection. This news comes after the firm put its Helios mining facility in Dickens Country, Texas on sale. Novogratz’s crypto firm will be buying this mining facility for $65 million. In addition to this, Argo will also receive a loan of $35 million. Furthermore, Argo will sign a two-year hosting deal with Galaxy, guaranteeing a location for Argo’s computers to continue mining at the Helios facility. It should be noted that Helios is Argo’s biggest mining facility. It entails a whopping 180 megawatts [MW] worth of power capacity....