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NFT Viking Game Goes Bust Amid Crypto Collapse, Mismanagement Allegations

NFT Viking Game Goes Bust Amid Crypto Collapse, Mismanagement Allegations

Image: Pixie Interactive First announced in September 2021, at the height of the world’s collective NFT madness, Northern Guilds was supposed to be “a fun-first, device-agnostic dungeon crawler blockchain MMORPG inspired by your favorite childhood games”. It may shock you, reader, to find out that Northern Guilds has ended up being none of those things. …

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Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments

Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments

Meme-stock crowd got crushed, shares collapsed 69% in four days. Their billionaire hedge-fund hero, who might have known about the unpaid bills, got out in time. By Wolf Richter for WOLF STREET. The $675 million of senior unsecured 30-year bonds that meme-stock darling Bed Bath & Beyond issued in 2014, and that are due in 2044, with a …

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Ford hit with $1.7 billion verdict for F-series pickup roof collapse that killed couple | CNN Business

Ford hit with $1.7 billion verdict for F-series pickup roof collapse that killed couple | CNN Business

New York CNN Business  —  The family of an elderly couple killed when the roof of their F-250 pickup collapsed during a rollover accident in 2014 has been awarded a massive $1.7 billion in punitive damages from Ford. The jury appeared to endorse the plaintiff’s arguments that Ford knew of the problem years before the …

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Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this year are in line for bonuses that are up to 50% smaller than 2021 — and they are …

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Another home insurer will stop insuring Florida homes amid market 'collapse'

Another home insurer will stop insuring Florida homes amid market ‘collapse’

Florida’s already crippled home insurance market is taking another hit. WESH 2 News has learned that another company, Bankers Insurance Group, is pulling out of Florida’s home insurance market. “The Florida private insurance market is collapsing,” said Mark Friedlander. Friedlander is the Florida spokesperson for the Insurance Information Institute. He said Bankers Insurance is now …

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Crypto collapse reverberates widely among black American investors

Crypto collapse reverberates widely among black American investors

The widespread losses caused by the cryptocurrency crash are even broader among black investors. A quarter of black American investors owned cryptocurrencies at the start of the year, compared with only 15 per cent of white investors, according to a survey by Ariel Investments and Charles Schwab. Black Americans were more than twice as likely …

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Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

With investors worldwide looking at a collective $1.5tn in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame – and who could be held to account? With inflation and interest rates rising, the best-known cryptocurrencies have been hit with heavy and continuing losses: …

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Terraform Labs Owned Wallet Behind UST Collapse, New Report Claims

Terraform Labs Owned Wallet Behind UST Collapse, New Report Claims

Key Takeaways A new report has suggested that the wallet thought to be the main culprit behind Terra’s collapse in May could belong to Terraform Labs or the Luna Foundation Guard. The report links the wallet with multiple Binance accounts and wallets allegedly belonging to the Luna Foundation Guard and LUNC DAO, a Terra 2.0 …

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