EUR/USD 1.16375
-0.225%
Gold 3386.54
-0.276%
Oil 63.621
0.677%
USD/JPY 147.772
0.427%
GBP/USD 1.34406
-0.016%
GBP/JPY 198.622
0.421%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of England market participant survey: The median estimate for quantitative tightening (QT) next year is £72 billion.On August 8, Maoyan Entertainment (01896.HK) announced that it expects the Groups revenue in the first half of 2025 to be between approximately RMB 2.4 billion and RMB 2.5 billion, an increase of approximately 10.6% to 15.2% from the revenue of RMB 2.171 billion for the six months ended June 30, 2024; the Group expects the profit attributable to the owners of the Company in the first half of 2025 to be between approximately RMB 160 million and RMB 200 million, a decrease of approximately 29.8% to 43.8% from the profit attributable to the owners of the Company of RMB 285 million in the first half of 2024.Sources: India is waiting for clarity from the United States on trade and tariff issues before restarting arms purchase negotiations.Oxford Economics reported on August 8th that the European Central Bank may not cut interest rates in September as inflation stabilizes at its target. Data released last week showed that inflation stabilized at 2.0% in July. This could prevent the ECBs Governing Council from lowering borrowing costs again, having held the deposit rate at 2.0% last month. While we still expect inflation to ease in the coming months, we do not believe this progress will be sufficient for the Council to agree to another rate cut at that time.Dutch Foreign Minister: The Dutch government has always made it clear that Gaza belongs to the Palestinians.

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

Alice Wang

Aug 05, 2022 15:16

微信截图_20220805145311.png


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.

Suggestion