bust

This week the lending unit of US crypto firm Genesis filed for bankruptcy protection, becoming the latest digital asset company to go bust after the collapse of the ‘stablecoin’ terraUSD and its sister token Luna last May.Here’s a list of major cryptocurrency companies that have gone bankrupt since then.Three Arrows Capital: The crypto hedge fund defaulted on a crypto loan worth more than $650 million soon after the terraUSD-Luna collapse and filed for bankruptcy on July 1, 2022.Voyager: The US crypto lender filed for…

HONG KONG—China’s housing market flipped from being a growth driver to an economic drag in 2022, with sales slumping, prices falling and widespread job losses. The prognosis for this year isn’t much better, compounding Beijing’s efforts to get its economy back on firmer footing.Sales of new residential properties in the country tumbled 28% last year to the equivalent of $1.7 trillion in value terms, a five-year low. By floor area, they dropped to their lowest level in nearly a decade, after a wave of real-estate developer…

Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong.Sopa Images | Lightrocket | Getty ImagesIs the first electric-vehicle recession here, or coming soon?As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust two decades ago. Like the internet industry then, the EV industry boasts companies, notably Tesla,  that look like long-term winners, but it is also made up of young companies that may not have the cash to ride out a downturn, as well…

In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations. The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment. In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations, prompting many to take out billions in loans to buy pricey…

LAS VEGAS —  The invincible quarterback was hobbled.The genius coach was dumb.The streaking USC Trojans limped and stumbled and eventually went splat, their loveliest of dreams dying an ugly death in the desert.Utah 47, USC 24, and who would have thought?This Pac-12 championship game Friday night at Allegiant Stadium was supposed to be a coronation for the No. 4-ranked Trojans, the stunningly brilliant debut season for coach Lincoln Riley and quarterback Caleb Williams scheduled to culminate in their first conference…

If you hadn’t heard of it beforehand, then the prospect of discovering a Gerard Butler movie called Machine Gun Preacher would instantly conjure up all sorts of images revolving around the grizzled Scotsman indulging in his usual brand of action hero shenanigans, possibly with a genre-bending twist. However, the fact the fact Quantum of Solace director Marc Forster’s 2011 feature is inspired by a true story makes it even more enticing, especially when you discover how the title hero got his nickname. Former drug-addicted…

Just days after warning social media trolls to “stop bullying” her for following 50 Cent drama, queen of pop Madonna, 64, flashed her bare bust in a risque new video. Making use of her Instagram account, the Vogue songstress posted a sexy video with a caption, “I’m in the mood for love.” In the clip, Madonna wore a nude corset, matching underwear, classic fishnet stockings and gold heels. The footage saw Madonna covering herself with bottles of wine. She was later seen cupping her breast…

A home improvement contractor works on a house in Cambridge, Massachusetts.Suzanne Kreiter | The Boston Globe | Getty ImagesAs the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe's don't seem to be feeling the same pain. In fact, they're faring better than expected.While homebuilding and home remodeling are integrally connected, the market forces behind each can be different, and that's what's happening now.Home Depot and Lowe's reported strong quarterly…

Megan Fox is a woman who is willing to put herself out there on social media. She’s daring with fashion choices like see-through skirts and even the occasional disco hot outfits with her fiancé Machine Gun Kelly. And Fox is willing to poke fun at herself with jokes about elf ear modifications and more. Just because she has a relatively candid social media presence doesn’t mean she needs to take flack from trolls, as she herself has proven several times this month. I mean honestly, just because you choose to live snippets…

Telemedicine, often known as telehealth or e-medicine, is the remote delivery of healthcare services via electronic information and telecommunication technologies.  This allows healthcare providers to examine, diagnose, and treat patients without having to see them in person.A new study shows that telemedicine is effective and doesn’t reduce access to care. A first-of-its-kind study demonstrating telemedicine’s exceptional effectiveness comes to the conclusion that common telemedicine concerns don’t hold up to …