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The updated reorganization plan “reflects substantial agreement on certain key issues,” the filing said, but added that Genesis, its creditors and other stakeholders reserve their position in negotiations that are still ongoing. In April, for a 30-day period that was subsequently extended, the court appointed a mediator to resolve differences,
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The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex
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“Siloing creditors into subordinated classes outside of the confirmation hearing is improper,” the government’s filing said. The Bittrex companies “have not demonstrated why the issues of ownership of cryptocurrency assets needs to be determined prior to the confirmation of the [bankruptcy] plan.” Source
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Attendees at Consensus 2023 argue that the crypto industry should embrace ESG and not hide from it in an excerpt from CryptoX’s first-ever Consensus @ Consensus Report. Source
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The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production. The impact of Saudi Arabia’s decision to cut oil output has been immediate with oil prices rising in response, reflecting the expectation of a tightening supply. According
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A proposal to enable protocol fees for the Uniswap (UNI) decentralized exchange failed on June 1, potentially allowing liquidity providers to continue to earn all revenue from swaps, according to the proposal’s official webpage. It narrowly missed being passed, with 45.32% of votes going to the “no fee” camp and
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The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate.In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to
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The change highlights Synthetix’s focus on its v2 perpetuals markets, which had $22 million in volume over the past day, data from a dashboard created by the Synthetix community shows. Synthetix’s v2 perpetuals markets, which launched in December, increases capital efficiency and improves risk management for market liquidity providers, representing
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Researchers using Twitter’s formerly free Decahose data service will soon be required to pay a fee of $42,000 per month to continue using the service and retain their data.Decahose, a streaming service that gives scientists unfettered access to around 10% of all tweets in real-time, has been a mainstay for
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OKX has applied for a Digital Asset Service Provider license to join dozens of companies that have already won approval. Source
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