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Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
According to a month-old internal document originally drafted by the management team of the Bitcoin Foundation and which has now been openly published, the foundation is considering splitting into two separate organizations.
Newly elected board member of the Bitcoin Foundation Olivier Janssens has gone to Reddit to post an extensive critique on the foundation.
Did you get “Goxxed” back in the day?
Hashfast filed for Chapter 11 bankruptcy last week and was awarded the protection over the weekend.
A lawyer for Mt. Gox speaking at the Tokyo District Court on Friday said the exchange had outstanding debts of $63.6 million and that the company had filed for bankruptcy protection.
CoinLab, an incubator for Bitcoin businesses, announced the launch of its first incubated company, Alydian, back in August.
TerraHash, a manufacturer of ASIC chip miners, announced that it has gone out of business. Legal problems still hover over the company, though.
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