EUR/USD 1.15267
0.019%
Gold 4364.32
-1.001%
Oil 81.068
-0.727%
USD/JPY 159.453
0.024%
GBP/USD 1.34824
-0.087%
GBP/JPY 214.986
-0.056%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Premier of Saskatchewan, Canada: With the August 19 tariff deadline approaching, negotiations between Canada and the United States have clearly heated up in the past few weeks.The Premier of Saskatchewan, Canada, stated that both sides need to maintain a broader objective in the Canada-US trade negotiations, namely reviewing and updating the USMCA (United States-Mexico-Canada Agreement).On August 14th, Freddie Mac reported that the average interest rate for a 30-year fixed mortgage in the United States fell to 6.67% from 6.69% a week earlier, ending a five-week streak of increases, but still remaining at its highest level in over a year. Latest data shows that the US job market is cooling, and the impact of the Iran war on inflation may be weaker than previously expected. US price increases slowed for the second consecutive month in July, with energy, gasoline, and food prices all declining from the previous month, and underlying inflation indicators falling to a five-year low. Combined with the jobs report, the market believes that US economic data is easing pressure on the Federal Reserve to raise interest rates in the coming months, with investors expecting a 25 basis point rate hike in September to decrease from 48% to 38%. However, stalled negotiations in the Strait of Hormuz have raised concerns about persistently high oil prices, and high interest rates and economic uncertainty continue to suppress housing demand. Data shows that US home sales in July fell 4.1% from June, reaching their lowest level in nearly two years.Market news: Ukraine has proposed a ceasefire in the Black Sea to Russia.According to Saudi media Alhadath: The Saudi Arabian Defense Minister met with the Chief of Staff of the Iraqi Armed Forces Command to discuss relations in the military and defense fields.

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