Topic: #bear-market
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Poolin Bitcoin mining pool files Chapter 11 with $163.7M in IOUs
Poolin Technology and its Texas affiliates filed for Chapter 11 bankruptcy on July 22, owing 11,700 wallet users $163.7 million in unsecured IOUs. Opening bids for asset sales total $52 million, or roughly 31.8% of the debt owed.
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Crypto Startups Face Institutional Barriers: Regulation Replaces Wild West
Crypto startups in 2017 could launch in days with minimal capital and no licensing. In 2026, entering regulated markets requires lawyers, compliance staff, and millions in annual costs—barriers that now resemble traditional finance.