bcause

Back in Court with Bcause – Year End Report

Back in Court with Bcause – Year End Report

Wednesday was the last hearing scheduled for this year for the Bcause bankruptcy. The next court date is January 7 when the bankruptcy trustee’s disposition of Bcause’s remaining “asset,” the spot market, will be presented to the court. 

Bcause LLC ordered into liquidation

Bcause LLC ordered into liquidation

U.S. Federal Bankruptcy Court Judge Janet Baer converted Bcause’s long six-month long  Chapter 11 bankruptcy proceeding into a Chapter 7 bankruptcy under which the company will be liquidated. The U.S. Trustee has been asked to assign a trustee...

Ah, September! Litigation is in the air

Ah, September! Litigation is in the air

This year, early September is back-to-federal-court time in Chicago. Three of our favorite cases have seen some recent action in the Dirksen Building.CFTC v Kraft and Mondelez.  Last week, the CFTC asked to move the date of the evidentiary...

Bcause bets it all on bitcoin

Bcause bets it all on bitcoin

On Thursday, August 8, Judge Janet Baer continued the current round of proceedings in Bcause’s ongoing federal bankruptcy case until September 4.  Bcause demonstrated to the court there is hope a confirmable reorganization plan can be...

Bcause: “Not There Yet”

Bcause: “Not There Yet”

The hearing on WESCO’s motion to lift Bcause’s bankruptcy protection and/or to remove the bankruptcy court’s stay on a lower court’s order to pay WESCO continued on Monday, June 24.  WESCO, an electrical equipment supplier, has asked the court...

Bcause’s Next Steps in Bankruptcy

Bcause LLC, the failed cryptocurrency trading platform and mining services provider, was back in court on Friday, June 21, on a motion by WESCO, a secured creditor, to be paid now, before the remaining cash in the enterprise is dissipated....

Mining Troubles Take Down Ecosystem

Mining Troubles Take Down Ecosystem

Judge Janet Baer presided over a motion hearing on June 5 in the bankruptcy proceedings of Bcause, ”the world’s first full-stack cryptocurrency ecosystem.”  Bcause’s full stacks include mining, spot trading and futures trading, as well as a...

Bcause LLC declares voluntary bankruptcy

Bcause LLC declares voluntary bankruptcy

BCause LLC, a cryptocurrency mining operation that expanded to a server farm in Virginia Beach over a year ago with help from a city grant of up to $500,000, has filed for bankruptcy protection along with its subsidiary BCause Mining LLC.

Bcause it is such a good deal!

Bcause it is such a good deal!

Bcause, the cryptocurrency mining infrastructure provider that asked for bankruptcy court protection in April, filed its proposed reorganization plan with the federal court on Wednesday afternoon. Providing mining infrastructure services was...

Crypto Origin Stories: How’d You Hear About It?

Crypto Origin Stories: How’d You Hear About It?

No one has been in the cryptocurrency field for all that long, as Satoshi's famous white paper is only 10 years old.  In this video, Bcause Founder and Chief Marketing Officer Thomas Flake, Coinigy CFO and Director of Business...

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Regional Resiliency: COVID endangers Chicago’s global status

Regional Resiliency: COVID endangers Chicago’s global status

First Read $9,141/$300,000 (3%) Diane Saucier ++++ Peter Wind, Longtime Industry Colleague and Mentor, Passes Away By John J. Lothian It is with a heavy heart I report that former Cargill Investor Services (CIS) executive Peter Wind has passed away at the age of 70....

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