Latest News for: Bankrupt assets

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Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b

Cryptopolitan 25 Jun 2022
According to a the digital assets were intended to function independently of traditional equities, but the current financial climate has shown a link ... Margin calls can occur for various reasons, such as a fall in the value of your assets, ACH reversals, or option assignments.
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Goldman Sachs Raising Funds to Buy Celsius Assets: Sources

CoinDesk 24 Jun 2022
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt ... .
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Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Helena Bitcoin Mining 24 Jun 2022
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt ....
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Three Arrows-Exposed Voyager Digital Slashes Daily Withdrawal Limit by More Than 50%

Decrypt 23 Jun 2022
Users are able to buy and sell over 100 different digital assets via the app ... Three Arrows Capital, also known as 3AC, is a Singapore-based crypto hedge fund that manages an estimated $10 billion in assets ... The price of just about every coin and token has plunged—hitting businesses that have liquidity in the form of digital assets hard.
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Global markets, economy are collapsing – but it’s not all disaster

Invezz 23 Jun 2022
Reserve currency status allows the regulator to keep rates low over a long period and bail out bankrupts through asset purchases ... This is a decisive moment – whether Bitcoin will finally decouple from equities and act as a standalone asset with its own value proposition – or will sink with the stock market.
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Morning Crypto Briefing: Bitcoin (BTC) Bounces at $20k After Fed’s Powell Warns US Recession Possible

FX Empire 23 Jun 2022
Powell also commented on a recent decision by the SEC to advise firms holding customer digital assets to consider those assets as on their own balance sheet. That suggests that if a digital asset custodian, like an exchange, went bankrupt, a customer’s digital assets could get caught up.
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Nexo hires Citibank amid market crash for acquisitions advice

Cryptopolitan 23 Jun 2022
Furthermore, when crypto enterprises go bankrupt, Nexo intends to acquire their assets so that investors can reclaim the money they have invested in them ... It shows Nexo’s readiness to buy the assets of companies with solvency issues to give quick cash to their clients and relief for the entire industry.
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Arena TV directors made bankrupt over court order to repay £100m

The Times/The Sunday Times 21 Jun 2022
Two directors of Arena Television, the failed outside broadcast business at the centre of the UK’s “largest ever” asset-based lending fraud, were made bankrupt ...
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Celsius users fear collateral liquidation amid transfer freeze

The Block 17 Jun 2022
Many on social media have recently pointed out a clause in Celsius’ terms of use that stipulates that if the company goes “bankrupt, enters liquidation or is otherwise unable to repay its obligations, any Eligible Digital Assets used in the Earn Service or as collateral under the Borrow Service may not be recoverable.”.
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BitBoy Founder Ben Armstrong Plans To Sue Celsius

Crypto Economy 16 Jun 2022
Just like BitBoy, there is a greater number of users who feel the need of taking the exact same step ... It protects the assets of the users in cases of any cyberattacks or a security breach ... Despite the firm’s continuous affirmations to the users over the safety of their assets, users still fear that the firm itself might go bankrupt soon ... ....
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Self-Custody Is More Than a Feature – Dennis Jarvis, CEO of Bitcoin.com

Bitcoin 16 Jun 2022
In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, any Eligible Digital Assets used in the Earn Service or as collateral under the Borrow Service may not be recoverable, and you may not have any legal remedies or rights ...
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TERRA COLLAPSES, AND NEW REGULATORY MEASURES EMERGE FOR CRYPTOCURRENCIES

Cascade Business News 15 Jun 2022
As a result, the next day, they went bankrupt. Given this situation, a massive sale of crypto assets contributed to a more significant fall in the digital financial market ... Currently, panic is invading crypto investors; a situation that does not benefit the financial market since investments in this digital asset is usually hazardous.
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Preparing for the Reality of Financial Collapse

GlobalResearch 15 Jun 2022
In 2011, Business Insider warned “the dollar collapse will be the single largest event in human history,” touching “every single living person in the world.”3 They also warned that “The collapse of currencies will lead to the collapse of ALL paper assets,” and that “The repercussions to this will have incredible results worldwide.”.
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How to squeeze the most out of your work pension: From free cash, to cheap ...

The Daily Mail 15 Jun 2022
Financial plan ... Share ... 'Because your money is being invested in a large fund, it can diversify its investments across different types of assets which can help reduce risks ... 'Pension funds are usually protected if you are made bankrupt,' explains Cameron. 'They aren't treated as assets in bankruptcy, unlike other savings, shares or investments ... .
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Puerto Rico's debt deal didn't go far enough, a labor leader says. But a new ...

Finger Lakes Times 14 Jun 2022
Puerto Rico's contentious pact with the Financial Oversight and Management Board — the U.S.-appointed attempt to trim the island's oppressive debt — has been touted as a model for U.S ... It also required the sale or transfer of some government assets to private hands. That is the kind of painful medicine familiar to bankrupt companies and a few U.S ... .

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