BTC Sessions: QuadrigaCX INSOLVENT, Owes $250 MILLION | Coinsquare Layoffs | Bitcoin Graveyard
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http://btcsessions.ca/
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It would seem that Canadian bitcoin exchange QuadrigaCX is more or less completely insolvent now, and owes their customers a mix of fiat and crypto to the tune of $250 million CAD.
https://www.coindesk.com/quadriga-creditor-protection-filing
Secure your Bitcoin with a Trezor!
https://www.youtube.com/watch?v=i3BIo5Ac_n4
Coinsquare has laid of 40 of it’s 150 person workforce – which amounts to 27% percent of its staff. While this news appears negative at face value, this seems to be more of a financially responsible restructuring, given that the company still has $40 million worth of assets on hand, primarily in cash.
https://cointelegraph.com/news/report-canadian-crypto-exchange-coinsquare-lays-off-40-employees
The Bitcoin Graveyard allows you to lay digital flowers at the tombstones of various bitcoin obituaries. Flowers are 1000 sats (about 4 cents at the time of this video) and can be paid exclusively using the lightning network. RIP Bitcoin! Lol
https://niffler.co/bitcoin-graveyard/
Myself and my employer Bull Bitcoin released a video today where CEO Francis Pouliot outlines one of our core values – skin in the game. I encourage you to check it out and also subscribe to stay tuned for more upcoming content!
https://www.youtube.com/watch?v=RO_dl8TmvTU
If you value my work and would like to send me a tip, they are always appreciated!
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LIGHTNING
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