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3232Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
https://www.digit.info/wazirx-files-for-moratorium-in-singapore-court-to-address-users-crypto-balances/
Wed, 28 Aug 2024 12:33:47 +0000https://www.digit.info/wazirx-files-for-moratorium-in-singapore-court-to-address-users-crypto-balances/Read more]]>Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of […]
]]>Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
https://www.digit.info/crypto-lender-celsius-to-be-acquired-by-novawulf-exiting-chapter-11/
Thu, 16 Feb 2023 14:30:52 +0000https://www.digit.info/2023/02/16/crypto-lender-celsius-to-be-acquired-by-novawulf-exiting-chapter-11/Read more]]>Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, […]
]]>Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
https://www.digit.info/analyst-warns-of-banks-authority-to-confiscate-funds-decline-of-us-dollar-purchasing-power/
Thu, 09 Feb 2023 20:30:36 +0000https://www.digit.info/2023/02/09/analyst-warns-of-banks-authority-to-confiscate-funds-decline-of-us-dollar-purchasing-power/Read more]]>According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will […]
]]>New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over
https://www.digit.info/new-ftx-ceo-discusses-possibility-of-rebooting-defunct-crypto-exchange-in-first-interview-since-taking-over/
Thu, 19 Jan 2023 19:30:28 +0000https://www.digit.info/2023/01/19/new-ftx-ceo-discusses-possibility-of-rebooting-defunct-crypto-exchange-in-first-interview-since-taking-over/Read more]]>Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of […]
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Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, […]
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will […]
Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]