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June 29 - According to Kintetsu Railway Company, a train derailed at Kyoto Station at approximately 5:13 AM local time on June 29. Railway authorities are currently inspecting the line, and service on both directions of the Kintetsu Kyoto Line between Kyoto Station and Kamitoribaguchi Station is suspended. No injuries have been reported so far.June 29th - A rare heatwave is sweeping across Europe. On the 27th local time, record high temperatures were broken in Germany, the Czech Republic, and other regions, while governments in Hungary, Poland, and other countries issued nationwide heatwave warnings. The high temperatures in many European countries have spurred demand for air conditioners, fans, and other related products. Driven by strong cross-border e-commerce channels, orders for cooling products made in China have increased significantly, becoming a new growth point for foreign trade exports this summer. Zheng Li, International Trade Director of a company in Ningbo, Zhejiang, stated that from January to May this year, the shipment volume of ice machines to Europe increased by over 70% compared to the same period last year, accounting for about 15% of total sales.① Iran 1. Iranian Foreign Minister: The Straits of Hormuz will be completely under Iranian control within the next 30 days; any intervention will delay the reopening of the Straits. 2. Iranian Foreign Minister calls for the establishment of a “security framework” with Gulf states. 3. Leaders of the Iranian and Lebanese parliaments spoke by phone minutes ago to discuss bilateral issues, particularly the situation in Lebanon. 4. Iran urges the United States to set a timetable for Israel’s “unconditional” withdrawal from Lebanon. ② United States 1. US Ambassador to the United Nations: Iran must choose responsibility or destruction. ③ Israel 1. Israeli Prime Ministers Office: The Israeli military has destroyed Hezbollah’s underground infrastructure in a village in southern Lebanon; Israel notified the United States of the attack in advance. The military will continue to destroy Hezbollah infrastructure to eliminate the threat to northern towns. ④ US-Iran Negotiations 1. Israeli i24NEWS reporter reports that the US-Iran negotiations scheduled for Sunday have been canceled. 2. Iranian officials say Iran did not participate in the technical negotiations scheduled for Sunday due to recent attacks and unfulfilled conditions. 3. Iraqi Foreign Minister: Willing to mediate between the US and Iran to end the war. 4. US media: The US and Iran have agreed to halt mutual attacks and will meet in Qatar this week to resolve the dispute over the Strait of Hormuz. ⑥ Other developments: 1. Israeli military: Hamas naval commander killed in Gaza attack. 2. According to the Associated Press: Pakistan claims it conducted ground operations and strikes in the Afghan border region, resulting in the deaths of 29 militants.June 29 (AP) -- Pakistani officials said security forces conducted an intelligence-based ground operation along the Pakistan-Afghanistan border on Sunday, followed by "precision strikes" on militant hideouts and shelters, killing 29 militants. Pakistani Information Minister Attra Talal said the operation was in response to multiple militant attacks across the country. The previous day, militants armed with guns and explosives attacked the regional headquarters of the paramilitary group Rangers in the southern port city of Karachi, killing three soldiers. Security forces killed three attackers and arrested another, identified by the military as a wounded Afghan national. The Pakistani Talibans separatist faction, the Free Peoples Party, claimed responsibility for the Karachi attack in a statement released Saturday evening.According to Axios: US officials revealed that the US and Iran have agreed to cease attacks and will meet this week.

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.