Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan
Creditors of crypto lending platform Hodlnaut have rejected a proposed restructuring plan and would prefer to liquidate the company. Hodlnaut, a Singapore-based crypto lender, is considering liquidating itself after its creditors rejected a proposed restructuring plan and demanded the platform’s assets be sold off. The creditors’ group rejected a restructuring plan proposal that would have […]
PayPal’s Xoom Teams With Visa on X-Border P2P
PayPal’s cross-border remittance service, Xoom, partnered with Visa Direct to allow debit card holders to receive funds within minutes. A new product that enables customers in the United States to send money directly to holders of Visa debit cards has been introduced by the international money transfer service, Xoom, of the financial technology company PayPal. […]
Bankruptcy judge has permitted FTX to sell LedgerX, other assets
The assets that will be sold include the platform LedgerX, Embed and its regional arms, FTX Japan and FTX Europe. The judge presiding over the FTX bankruptcy proceedings has given the struggling cryptocurrency exchange permission to sell some of its assets to help it pay off its creditors. The sale of four important FTX units […]
Australian Open Swings Into Metaverse On Decenterland
AO Adventure is a new interactive game created by Roblox and the Australian Open in anticipation of the Grand Slam’s 2023 edition. The Australian Open (AO) decided to jointly promote this year’s sporting occasion with Roblox, a non-crypto virtual universe. AO Adventure is the name of the video game. In this game, players explore an […]
Crypto Lender Genesis Owes Creditors Over $3B
Silbert’s DCG, which runs the crypto broking agency Genesis, allegedly owes its creditors more than $3 billion. DCG, a conglomerate that owns crypto broker Genesis, investment management firm Grayscale, and other crypto media outlets, was caught off guard by the collapse of the FTX crypto exchange in November 2022 and is now attempting to raise […]