Montreal doctors' breakthrough discovery about causes of cerebral palsy giving hope
A breakthrough discovery made by doctors at the Montreal Children's Hospital about the causes of cerebral palsy is giving new hope to one West Island family.
Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection as the fallout from the collapse of crypto exchange FTX spreads outward.
In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors and liabilities ranging from US$1 billion to US$10 billion.
"Chapter 11 is a transparent process and we will continue to communicate with our clients to ensure they hear directly from us," BlockFi said in a tweet.
Cryptocurrencies were in retreat Monday in what has already been a disastrous year. Bitcoin, among the most widely traded cryptocurrencies, has plunged almost 70% in 2022 to below $16,000 apiece.
BlockFi Inc., which was founded in 2017, said bankruptcy protection will allow it to stabilize the company and restructure. That restructuring will include an attempt to recover all obligations that it is owed by its counterparties, including FTX. BlockFi, which was bailed out by Sam Bankman-Fried's FTX early last summer, said it anticipates recoveries from FTX will be delayed.
FTX filed for bankruptcy protection earlier this month. BlockFi said that because of the FTX collapse, it was no longer able to do business as usual and was pausing client withdrawals.
"With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the company," Mark Renzi of Berkeley Research Group, BlockFi's financial advisor, said in a prepared statement Monday.
The implosion of FTX is still being sorted out and it is unknown how much collateral damage it could inflict.
There are already comparisons to the collapse of the storied Wall Street bank Lehman Brothers in 2008, at least within the confines of cryptocurrency. The bank trafficked heavily in subprime mortgages that lost almost all of their recognized worth and shook the U.S. and global economy.
BlockFi has US$256.9 million in cash on hand, which it expects will provide enough cushion to support some operations during the restructuring.
A breakthrough discovery made by doctors at the Montreal Children's Hospital about the causes of cerebral palsy is giving new hope to one West Island family.
Warnings of up to 60 millimetres of rain and other alerts have been issued for seven Canadian provinces and one territory ahead of the Easter weekend.
An Ontario man who built a garage on his property has been locked in a battle with his electricity provider for a year and half over a severed power line.
Austin Hunter Turner died in 2017, on a night that his mother has rewound and replayed again and again, trying to make sense of what happened.
Not getting enough sleep may cause you to feel five to 10 years older than you really are, according to two new studies.
The Upper Ottawa Valley Detachment of the Ontario Provincial Police says one person is facing multiple charges after a traffic complaint on Highway 17 in Head Clara Maria Township.
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
The estate of minimalist contemporary artist Donald Judd filed a lawsuit against Kardashian this week, claiming the fashion and beauty mogul promoted 'cheap knockoffs' of his furniture designs.
The spring allergy season has started early in many parts of Canada, with high levels of pollen in some cities already. Experts weigh in on which areas have it worse so far this season.
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff.
B.C. conservation officers recently seized a nine-foot-long Burmese python from a home in Chilliwack.
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
The Ontario government is introducing changes to auto-insurance, but some experts say the move is ill-advised.
Newfoundland’s unique version of the Pine Marten has grown out of its threatened designation.
A Toronto man is out $12,000 after falling victim to a deepfake cryptocurrency scam that appeared to involve Prime Minister Justin Trudeau.
It started small with a little pop tab collection to simply raise some money for charity and help someone — but it didn’t take long for word to get out that 10-year-old Jace Weber from Mildmay, Ont. was quickly building up a large supply of aluminum pop tabs.
There’s a group of people in Saskatoon that proudly call themselves dumpster divers, and they’re turning the city’s trash into treasure.