Latest News for: Bankrupt assets

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BOV shareholders to be asked to approve salary increase for bank’s chairman, non-executive directors

The Malta Independent 22 May 2022
The last Remuneration Policy for Directors was approved during the AGM held in November 2020 ... In 2009 BOV had allegedly taken over a trust that held €363m in assets of the shipping company, which went bankrupt in 2012 ... When the shipping company went bankrupt, the bondholders who lost their lifesavings turned to the Maltese bank ...   .
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How To Protect Your Crypto Assets If The Exchange Goes Bankrupt. Read Here | Mint

Live Mint 21 May 2022
Crypto exchanges losing their market value to peanuts and investors' money wiped out to zero in a blink of an eye - is a scary scenario but an expected one when trading in sensitive assets called cryptos ... But what happens to your crypto assets when the crypto exchange gets bankrupt. Let's just put it this way, your crypto money will also be bankrupt.
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How to keep your cryptos safe even if the exchange goes bankrupt

Financial Express 20 May 2022
But what is more worrying is that investors are left with no redressal mechanism if the exchanges, where they park their funds, go bankrupt. In such an event, the value of all their crypto assets will literally become zero ... However, unlike bank deposits that come with some guarantee, these exchanges are not legally bound to return investors’ assets.
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If Crypto Platforms Go Bust, Is Your Money Safe? | Mint

Live Mint 19 May 2022
“We are a transaction execution platform with no control over clients’ assets ... Therefore, in certain cases if the platform or exchange goes bankrupt, customers may be treated as unsecured creditors and will have to make do with whatever they can get from the liquidated assets of the platform. .
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Coinbase slows hiring as crypto market implodes

New York Post 18 May 2022
Coinbase warns customers they may lose crypto if company goes bankrupt ... Crypto platforms should treat customer funds as own assets, liabilities ... Investors have dumped riskier assets in recent months as fears mount that the Federal Reserve’s plan to fight inflation will trigger a recession.
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Is Inequality Natural Or A Political-ideological Creation? | Mint

Live Mint 18 May 2022
An Oxfam report on income and wealth inequality recently set a cat among the pigeons ... Meanwhile, the top 10%’s income, which averaged below 40% up to 1991, rose to 57.1%. Next, consider wealth ... Insolvency proceedings could see gains made by those who drove a business bankrupt. A bad bank can grant big buyers access to bargain basement priced assets ... .
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Crypto believers insist this is all worth it. Is it?

Vox 16 May 2022
(That and some crimes.) If you’re a little bit destroying the planet in service of a thing that’s mainly a speculative asset and/or isn’t particularly useful, you know it’s not exactly the best look ... Coinbase, a major crypto exchange, has said that if it goes bankrupt , its customers’ assets could be taken.
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The Russian bank, the Bruce Willis ad and the $900m sanctions battle

The Observer 15 May 2022
Ministers are now under pressure to impose sanctions on the bank over its efforts to recover hundreds of millions of pounds in debts from the UK ... The firm was appointed by the business secretary on behalf of the high court and is seeking to recover the bankrupts’ assets for the benefit of creditors, including National Bank Trust ... One official said ... .
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Another Problem for Coinbase. What Happens to Customer Assets in a Bankruptcy?

Barrons 14 May 2022
... which had missed earnings estimates, suggested that customers could lose their assets if the company went bankrupt.
photo: Creative Commons / Marco Verch
Cryptocurrency Ripple coin
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Cryptocurrencies melt down in a ‘Perfect Storm’ of fear and panic

Indian Express 14 May 2022
Stablecoins, which are meant to be a more reliable means of exchange, are typically pegged to a stable asset such as the U.S ... Brian Armstrong, Coinbase’s CEO, tried to reassure customers on Twitter that the company was not in danger of going bankrupt after a required legal disclosure about the ownership of its assets stoked panic.
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Cryptocurrencies melt down in a 'perfect storm' of fear and panic

The Times of India 13 May 2022
Stablecoins, which are meant to be a more reliable means of exchange, are typically pegged to a stable asset such as the U.S ... Brian Armstrong, Coinbase's CEO, tried to reassure customers on Twitter that the company was not in danger of going bankrupt after a required legal disclosure about the ownership of its assets stoked panic.
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If Coinbase goes bankrupt, all of its users' funds could disappear

Natural News 13 May 2022
... if it goes bankrupt, all of its users could lose all of their assets.
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Bitcoin Is Crashing and All Grown Up

Vanity Fair 13 May 2022
Shit hit the fan with such velocity at the company’s headquarters that it had to post a notice letting users know that if Coinbase were to go bankrupt, users’ assets are not protected and could be used to pay off debtors ... For some time, Bitcoin and other crypto-assets would go in the opposite direction of the stock market.
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Crypto market is crashing. Bitcoin falls below $27,000

Interesting Engineering 12 May 2022
Investors are selling-off crypto coins, hoping to park their funds in relatively safer assets ... CEO Brian Armstrong on Tuesday to allay fears after the company wrote to the Securities and Exchange Commission (SEC) that crypto assets held on behalf of customers would be part of proceedings if the company were to go bankrupt.
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Coinbase warns users their crypto holdings could vanish if the company goes bankrupt

Business Insider 11 May 2022
FALLON/AFP via Getty Images Coinbase said its users' crypto assets could become company property if it went bankrupt ... Coinbase, one of the world's largest cryptocurrency exchanges, warned that its users might lose access to their holdings if the company ever went bankrupt.

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