Search results for West Virginia
Crypto
Storj Labs files for bankruptcy protection, seeks way for token holders to take equity
Storj Labs, a decentralised storage provider, has filed for Chapter 11 bankruptcy protection in the United States. It said it will maintain network operations and customer service during restructuring and is considering a plan to allow STORJ token holders to participate in equity of the reorganised company. The firm said most of its debt predates its current strategy and is too large to resolve through growth alone.
Industry
Trump says no alternative to coal as White House plans $700 million to revive industry
The White House is reportedly planning to inject $700 million in additional public funds to support the U.S. coal-fired power industry, including restarting shuttered plants and building new coal plants. The plan, to be approved under the Defense Production Act, includes support for 13 existing plants and construction of two new facilities in Alaska and West Virginia. Donald Trump said coal has no real alternative and criticised renewable energy.
Games & Commerce
U.S. Congress criticises South Korea\'s digital rules as discrimination against U.S. firms, Coupang \'witch hunt\'
Criticism has been raised in the U.S. Congress that South Korea\'s digital regulations and efforts to hold Coupang to account amount to discrimination against U.S. companies. At a House Ways and Means trade subcommittee hearing, Chairman Adrian Smith said Seoul was pursuing legislation targeting U.S. firms and violating trade agreements. Other Republicans and Democrats echoed concerns, including claims of a political witch hunt. Seoul says the rules apply equally to all companies.