Fake food company Beyond Meat (NASDAQ: BYND) crashed the most on record today after it announced that nearly all creditors agreed to a debt-swap deal that massively dilutes equity shareholders. BYND wrote in a press release that 96.92% of holders of its 0% Convertible Senior Notes due 2027 agreed to participate in the debt-equity swap offer, clearing the […]

Authored by Micah Zimmerman via BitcoinMagazine.com, People close to Changpeng Zhao, the former CEO of Binance better known as ‘CZ,’ say discussions are intensifying inside the Trump White House over whether to issue a presidential pardon for the embattled crypto executive, according to reporting from Charles Gasparino, a Senior Correspondent at FOX Business.  Zhao, once among the most […]

Authored by Tuomas Malinen via gnseconomics.com, On Friday, the largest market liquidation in crypto-market history occurred after President Trump posted on social media, threatening China with 100% tariffs. Some investors lost their whole portfolio before Mr. President reversed course with a social media entry downplaying the risks. Those who lost their life savings in yet another crypto-carnage […]

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Shares of the LGBTQ+ dating app Grindr surged around midday in New York after a Semafor report, citing company insiders, said they are “discussing taking the company private after a stock slide forced its owners into a precarious personal financial position.” The report says the two controlling shareholders, Raymond Zage and James Lu, are in […]