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On August 30th, local time, Hungarian Foreign Minister Peter Szijjarto stated after the EU Foreign Ministers meeting in Copenhagen that the EU and most of its member states are not interested in achieving peace and will continue to provide funding and arm Ukraine. The European Commission is acting as a "Ukrainian Commission," representing Ukraines interests rather than those of EU member states.On August 30, Russia and Ukraine engaged in a fierce battle over the Donetsk regions key cities of Krasnaya Zvezda (known as Pokrovsk in Ukraine) and Konstantinovka on August 29. The Russian Ministry of Defense released a video on the 29th claiming Russian forces used Grad rockets to strike Ukrainian positions in the direction of Krasnaya Zvezda. The Russian news agency TASS also released a video claiming Russian forces launched strikes against Ukrainian targets near Konstantinovka.Kocher, the incoming ECB board member, said: It is crucial to avoid repeated swings in interest rate decisions.Kocher, the incoming ECB board member: Regarding the September meeting, unless the data clearly sends a strong signal, it is still necessary to retain policy room for maneuver to deal with various possible situations.Kocher, the incoming ECB board member: Austria will continue to maintain a prudent stance and ensure that price stability remains the core objective of all decisions made by the Austrian National Bank.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.

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