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Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients
BlockFi’s reorganization continues to inch forward as the firm announced that its disclosure statement was conditionally approved by the U.S. bankruptcy court in New Jersey.
They said they are confident that their Plan provides the best path to expeditiously return crypto back to their clients and they are strongly urging BlockFi’s clients to vote to accept it.
BOJ makes bold shift as yen risks grow too big to ignore
The Bank of Japan's surprise decision last week to raise a cap on interest rates was partly driven by policymakers' growing worries ultra-loose monetary settings would spark a repeat of the bruising yen selloff that the economy saw last year.
Pressure from Prime Minister Fumio Kishida's government...
Bank of England set to join Fed in raising interest rates again amid high UK inflation
The Bank of England is set to raise interest rates Thursday for the 14th time in a row to a fresh 15-year high and keep the door open for further increases in the months to come as it tries to tamp down persistently high inflation.
Most economists think the U.K. central bank will increase its benchmark rate by a quarter of a percentage point, to 5.25%
Hong Kong debuts retail crypto trading with HashKey exchange
Hong Kong is expanding cryptocurrency trading exposure to individual investors, with at least one exchange getting the regulatory green light to offer the services.
Local digital asset firm HashKey has successfully obtained all necessary licensing to expand its business from serving professional investors to taking on retail users.
Elizabeth Warren Urges IRS to Crack Down on ‘Crypto Brokers’
Senator Elizabeth Warren and three other US Senators have called on the IRS to implement strict tax reporting rules for 'crypto brokers.'
The Senators have expressed concern over the potential loss of approximately $1.5 billion in tax revenue for the 2024 fiscal year due to lack of regulation...
Despite Name Brand NFT Deals, Nifty's Shuts Down
A social network turned Web3 creators portal that managed to work with some of the biggest names in entertainment announced that it was shutting down today.
Nifty's was backed by preeminent businessmen Mark Cuban and Joe Lubin in 2021 with a $10 million raise that included investors like Coinbase Ventures and Dapper Labs.
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Find out how LeoFinance is adding value to the Hive ecosystem.
Genesis League Goals P2E Game Launches on Hive Today!
A new play-to-earn game that is sports-related has launched today on the Hive Blockchain.
Genesis league Goals (GLG) could become a favorite for football lovers. It launched in partnership with the Major League Soccer Players Association (MLSPA). Find out more...
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good news for blockfi' ex customers
Yes, this is some hope of having their funds back.
I still know people who lost $$ in BlockFi's collapse. Hope to see them get that back!
It would be awesome if they do. The news is quite positive so hopefully, the process will push through.
Great post @ifarmgirl-leo.
Your effort on leofinance is awesome and i really appreciate that🙌.
The issue of bankruptcy in any crypto related organization is very disappointing. The word bankruptcy plan sounds like a total failure, which blockfi is now currently looking for ways to make things right.
Well, i wish them good luck in settling all related issues with their customers.
#Report -
I am not sure what the problem is, but i think whenever i want to follow an account using the leo interface, it usually does n't respond. I tried it just now with the @thedailyleo, but it did n't respond.
Maybe my device is n't compatible to run a web application properly 🤔.
Thank you for your kind words. And you are right, there had been too many bankruptcies not only in crypto space but also in banking. Let's hope BlockFi will rectify at least by refunding their customers' funds.
Regarding your issues when following accounts, sorry to hear. It was alright with me. Are you using the browser inside the Keychain on your mobile?
Ohh, i usually use chrome to access the leo site, i think the keychain is a better alternative 🤗.
Thanks for helping out 🙌
I really wonder when this trend will be over. Let's see its impacts on crypto.
Thanks for Daily LEO 🦁
Let's hope it will be over sooner. If not, the world's economy is truly getting worst. Thank you too :)
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