Arkansas based retailer Walmart is closing 269 stores including 154 locations in the United States. The move is expected to result in a reduction of at least 11,000 10,000 jobs in the United States (archived). Walmart has never before engaged in a mass closing of stores in its home territory inside the United States. Of all the indicators pointing to a dire 2016 for fiat enterprises this might be the most dire so far.
Category Archives: Closing
Shutdown Notice Startup Shutdownify Lastest Failed Startup
In the world of Silicon Valley startups Shutdownify sought to make the process of failed startups shutting down a cleaner and more uniform process. Today Shutdownify announced it would be following in its customer's footsteps (archived) and utilizing its own services as the failure startup's niche was not sustainable as a business.
Polish Bitcoin Embassy Closed
According to a post on a Polish language Bitcoin forum the Polish "Bitcoin Embassy" has closed. The operators report physical assault on at least one person affiliated with their effort along with a number of threatening communications directed at the embassy. The original announcement: Continue reading
US Political Crisis May Impoverish Homeland Security Department
The New York Times reports that a legislative impasse in the United States Congress might leave the Department of Homeland Security without funds. If this comes to pass, roughly 30,000 employees in mostly administrative positions will be furloughed while the remaining 200,000 employees deemed "critical" would be compelled to report for work as normal. The "critical" employees would be working without the expectation of receiving a pay check.
Seals With Clubs Shutters
On an announcement replacing their normal front page one of Bitcoin's longest tenured poker sites, Seals with Clubs, has decided to close their doors citing "Operational Security" concerns. They cite without specifics several events which occurred around February 11th, 2015 as being the catalyst for the decision, offering that if Seals with Clubs continued as presently structured it would be "in a perpetual state of jeopardy." They are advising users to withdraw their funds as soon as possible. Continue reading
CAVIRTEX Shutting Down, Withdrawals "Temporarily Disabled"
CAVIRTEX, Canada's most prominent CAD-BTC exchange and staunch advocate for government regulation, announced earlier today that it will cease operations effective March 25th, 2015. Continue reading
LizardStresser Hacked, Customer Details Leaked
The Guardian reports that the Lizard Squad's LizardStresser serviced has been hacked, and reports of arrests of various members of the group continue to trickle in. All customer user names and passwords were stored as plaintext on the server. Postmortem statistics reported on the service include: Continue reading
mcxNow Says it is Becoming mtMOX
Alleged cryptocurrency exchange mcxNOW has shuttered again for a second consecutive winter, and purports to be reopening eventually under the new name mtMOX. The first winter shuttering occurred one month after conducting a public offering for "Fee Shares" on the platform. The announcement: Continue reading
Silk Road 2.0 Seized, Blake Benthall Arrested
Today the FBI announced the closure of the Silk Road 2.0 and the arrest yesterday of Blake Benthall the alleged operator of Silk Road 2.0 who operated under the moniker "Defcon." The charges leveled at Benthall include: Continue reading
War of Life Closing
Parimutuel wagering game War of Life operating as S.WOL published their closing statement today. War of Life offered wagering based on the outcome of cellular automaton simulations. A distinguishing feature of War of Life was that it offered a more nuanced system of bet weighting than simple time weighting could offer. Shareholders will be issued a one time payment of 2978 satoshis per share which reflects the present book value of the venture. The clean closure of War of Life follows the example set last year when Satoshi Dice ended their public security and went private.