technology·12d ago
Pudgy Penguins parent Igloo to shut down Abstract after losses
Igloo CEO Luca Netz said the company funded the Abstract blockchain for 18 months without finding product-market fit, with losses reaching tens of millions.
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bitcoin·98d ago
Adam Back's 30,021 BTC Treasury Deal Loses Funding Structure
Cantor and BSTR renegotiate terms after the financing package for the Bitcoin treasury became non-binding.
bitcoin·116d ago
BSTR Vote Delayed to July 2, Stalling Adam Back’s Bitcoin Treasury Ambitions
Cantor Fitzgerald’s SPAC postpones the BSTR vote, hindering Adam Back’s bid to become the second-largest Bitcoin treasury.