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The Brazilian government announced that it will extend gasoline subsidies until September 9th, local time.On August 25th, according to Russian sources, a Ukrainian drone attack injured two workers at the Zaporizhia nuclear power plant. The plants press office reported that the attack occurred near the plants hydraulic structures while workers in the maintenance and construction workshop were working. The report did not specify the exact time of the attack. It is understood that the target of the attack was personnel responsible for ensuring the operation of the nuclear power plant. Both injured workers have been hospitalized, one seriously. The power plant stated that it has informed experts from the International Atomic Energy Agency (IAEA) about the attack. Ukraine has not yet responded to this report.U.S. Treasury yields continued to decline, with the 10-year yield falling 6 basis points to 4.64%.The German DAX 30 index closed up 155.76 points, or 0.60%, at 26,274.75 on Tuesday, August 25; the UK FTSE 100 index closed up 33.60 points, or 0.31%, at 10,887.92 on Tuesday, August 25; and the French CAC 40 index closed down 13.81 points, or 0.16%, at 8,439.20 on Tuesday, August 25. The Stoxx 50 index closed up 10.77 points, or 0.17%, at 6458.75 on Tuesday, August 25; the Spanish IBEX 35 index closed down 33.01 points, or 0.16%, at 20065.59 on Tuesday, August 25; and the Italian FTSE MIB index closed up 209.82 points, or 0.40%, at 52752.00 on Tuesday, August 25.On August 25, a joint statement from Iran and Oman stated: "His Excellency Omani Foreign Minister Bousaidi, during a working visit to Iran, held constructive consultations with Iranian Foreign Minister Araqchi. The consultations focused on an issue of paramount importance to both countries: restoring safe navigation through the Strait of Hormuz while upholding their respective sovereignty and sovereign rights. Given the recent war and its disastrous consequences that have altered the current situation in the Strait, the two foreign ministers discussed a phased framework that can provide a practical and implementable foundation for moving the situation forward. The proposed framework includes establishing a temporary joint maritime passage through the Strait of Hormuz and agreeing to implement a joint mine-clearing project. Both sides will continue technical discussions with the aim of reaching an agreement on establishing a permanent maritime passage, future management of the Strait, and mechanisms for exchanging traffic management information and providing related maritime and security services. In this regard, both sides emphasized the need for joint dialogue with the littoral states of the Persian Gulf. They also stressed the necessity of adhering to applicable international law and respecting the sovereign rights of the littoral states."

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.