Category Finance

Terraform Labs files for Chapter 11 bankruptcy

Terraform Labs files for Chapter 11 bankruptcy

Image credits: Rafael Henrique/SOPA Images/LightRocket/Getty Images Based in Singapore Terraform Laboratories (TFL)the company behind the digital assets TerraUSD (UST) and Luna, Filed for Chapter 11 bankruptcy in Delaware After the collapse of its cryptocurrencies in 2022. Terraform Labs, which confirmed…

$1,000 in SHIB becomes $9 million in January 2024

,000 in SHIB becomes  million in January 2024

While the ongoing volatile cryptocurrency market has decimated portfolios across the board, early backers of the Shiba Inu meme are still counting their blessings despite the brutal decline. Investors who jumped at the chance to acquire the nascent token in…