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On December 21, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.On December 21, six sources familiar with U.S. intelligence said that a U.S. intelligence report continues to warn that Russian President Vladimir Putin has not abandoned his goal of occupying the whole of Ukraine and reclaiming the European parts of the former Soviet Union. This report contrasts sharply with the account given by U.S. President Donald Trump and his Ukrainian peace negotiators, who claim Putin wants to end the conflict. According to one of the sources, the latest report was dated late September. This intelligence also contradicts Putins denial of posing a threat to Europe. According to the sources, this intelligence is largely consistent with the views of European leaders and intelligence agencies that Putin covets the entire territory of Ukraine and former Soviet states, including some NATO member states.December 21 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 10:29 a.m. local time on December 21. The maximum tremor was felt as a 4, and the epicenter was 50 kilometers deep.On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”

Crypto lender Genesis says no plans to file bankruptcy imminently

Jimmy Khan

Nov 22, 2022 15:40

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Days after being forced to halt customer redemptions due to the collapse of cryptocurrency exchange FTX, cryptocurrency lender Genesis stated on Monday that it had no immediate intentions to declare bankruptcy.


We don't have any immediate plans to declare bankruptcy. In a statement sent by email to Reuters, a Genesis representative said, "Our goal is to settle the current issue consensually without the necessity for any bankruptcy filing." The company added that it is still in contact with its creditors.



According to a Bloomberg News story quoting sources, Genesis was having trouble finding new money for its lending division and was advising investors that if they did not obtain funding, they might have to file for bankruptcy.


Additionally, according to sources cited by the Wall Street Journal, the company approached cryptocurrency exchange Binance in an effort to secure an investment, but Binance declined out of concern for a potential conflict of interest.


According to the article, Genesis also requested cash assistance from Apollo Global Management, a private equity firm.


Apollo and Binance both declined to comment when Reuters reached out to them for a response to the WSJ report.


The sudden failure of Sam Bankman-cryptocurrency Fried's exchange FTX was cited by Genesis Global Capital as the reason for the suspension of customer redemptions in its lending business last week.


The Wall Street Journal reported on Thursday that Genesis had asked investors for a $1 billion emergency loan before it halted withdrawals.


In the highest-profile crypto meltdown to date, FTX filed for U.S. bankruptcy protection earlier this month after traders withdrew billions from the platform in just three days and rival exchange Binance abandoned a rescue arrangement.