Bankruptcy Financial News

15.03 / 10:31

Binance regulation SEC us government Court Bankruptcy US officials appeal protections for Voyager execs in Binance.US sale

United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale.

14.03 / 11:29

business regulation Federal Reserve Bankruptcy Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal government takes action to protect the affected depositors.

13.03 / 22:43

business Blockchain Investments Banks banking FinTech Bankruptcy BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report

According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposure to Silicon Valley Bank, Bloomberg reported.

13.03 / 17:49

business regulation Banks Forbes banking Silicon Valley Bankruptcy Silicon Valley Bank collapse: How SVB stock price performed in 5 years

Silicon Valley Bank (SVB) has suffered a significant fall from grace following half a decade of being rated as one of the best banks in the United States.

13.03 / 13:27

markets Banks Federal Reserve Interest rates Bankruptcy Usd Coin Bitcoin week Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the United States economy.

13.03 / 12:28

Adoption regulation coinbase exchanges Bankruptcy Features Coinbase CEO ponders banking features after Silicon Valley Bank crisis

The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards.

11.03 / 19:41

Stablecoin Circle USDC Bankruptcy Usd Coin USDC Depeg: Circle's $43 Billion Stablecoin in the Spotlight as Silicon Valley Bank Exposure is Revealed – Here's the Latest

The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank.

11.03 / 12:47

BlockFi Bankruptcy Silicon Valley Bank Bankrupt crypto Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?

Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.

11.03 / 04:45

business lending Banks banking Silicon Valley Bankruptcy Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB).

11.03 / 00:37

business Grayscale Digital Currency Group Bankruptcy Crypto Biz: Silvergate shutting down, Alameda suing Grayscale

With the Bitcoin (BTC) halving more than a year away, don’t expect crypto industry narratives to change anytime soon. Nay, crypto winter is still in full force, and the nasty headlines show no signs of abating.

10.03 / 11:03

business Binance regulation Court Bankruptcy U.S. Deal US Trustee appeals NY Judge’s approval of Voyager deal with Binance.US

The United States Department of Justice (DOJ) has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US.

09.03 / 16:43

business Blockchain Adoption Assets Bankruptcy Press Release zk Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol

A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers.

09.03 / 15:15

business FTX Bankruptcy Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.

09.03 / 12:45

Bankruptcy Celsius Bankrupt crypto network Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?

The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.

08.03 / 08:57

business Law Adoption regulation Banks FTX Bankruptcy Lawyers Lawyers picnic: FTX counsel and advisors rake in $34M in January

The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.

08.03 / 02:35

business Binance Court Bankruptcy court approval SEC snubbed as Voyager wins court approval for sale to Binance US

Bankrupt cryptocurrency lender Voyager Digital has won court approval to sell over $1 billion of its assets to Binance US.

08.03 / 00:01

business Bankruptcy approved CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues

Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog.

07.03 / 10:13

business Binance regulation SEC us government Court Bankruptcy advisers NOT SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.

07.03 / 01:11

Law regulation FTX Bankruptcy US trustee appeals FTX bankruptcy judge's ruling to deny appointment of independent examiner

Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’s denial of a motion appointing an independent examiner in the case.

04.03 / 23:13

business FTX Court Bankruptcy Fried Sam bail DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones

The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows.

04.03 / 19:15

business regulation Banks FTX Bankruptcy network Silvergate closes Exchange Network, releases $9.9M to BlockFi

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets' payment network, claiming the termination is a "risk-based decision". The move comes after the bank's stock fell over 59% in the past five days due to fears of a potential bankruptcy.

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