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A U.S. appeals court rejected the Trump administrations request to implement rules restricting mail-in voting.September 11 – According to the Wall Street Journal, citing informed officials in the US and the Middle East, Iran has resumed ballistic missile production, reassembling missiles in underground facilities using previously stockpiled components. Sources say Iran is producing liquid-fueled and solid-fueled ballistic missiles and is operating at multiple underground locations, including the Khojir missile facility in southeastern Iran, while also attempting to build new underground assembly sites to avoid further attacks. The report states that Iran is currently relying primarily on existing stockpiled components for low-scale production, with output below pre-war levels. A US official stated that Iran may be assembling at least several hundred missiles using existing components. The report cites analysts as saying that Iran previously stockpiled warheads, missile bodies, and guidance and control systems; new missile production depends on the size of the stockpile and the recovery of underground facilities, and could reach hundreds or even thousands of missiles. US Department of Defense spokesman Parnell stated that the US has destroyed "up to 90%" of Irans drones, ballistic missiles, and naval industrial infrastructure. Previously, US Defense Secretary Hergsays also stated that Irans missile program had been "substantially destroyed." However, satellite images show that Iran is repairing roads, bridges, production facilities, and missile base tunnel entrances, raising concerns among US and Israeli officials that its military capabilities are being restored.According to the Wall Street Journal, informed U.S. and Middle Eastern officials say Iran has resumed ballistic missile production using stockpiled parts and in underground facilities, undermining major war gains previously claimed by the U.S. and Israel.According to Al Jazeera, the UN Security Council meeting on Yemen, requested by the UK and Bahrain, will be held tonight local time.Officials involved: Federal Aviation Administration (FAA) Administrator Bryan Bedford met with airline CEOs on Thursday to discuss plans to use software systems to reduce flight delays.

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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