Rhodium Receives Green Light for Unique Bitcoin-Backed Bankruptcy Loan

The cryptocurrency company Rhodium has gained approval for an innovative loan secured by Bitcoin as part of its bankruptcy process. This move has been made possible by Rhodium's agreement with several creditors who have consented to the issuance of such loans. The uniqueness of this deal lies in the use of Bitcoin as collateral, allowing the company to stand out amid traditional financing methods typically employed in such cases.

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