Liquidity Crisis
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Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
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Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
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FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
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FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
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FTX Creditors May Number Over 1 Million, Crypto Exchange's Bankruptcy Filings Show
FTX, the now-bankrupt crypto exchange, has outlined a "severe liquidity crisis" in its bankruptcy filings, amid regulatory probes after its collapse last week. The fallout has so far been limited to crypto exchanges and traders, but is featuring in mainstream policy discussions too. The documents also confirmed that FTX had responded to a cyberatt...
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Binance CEO Changpeng Zhao Announces Launch of Industry Recovery Fund
Binance CEO CZ has announced forming an industry recovery fund as the FTX crisis tanks the crypto market. Binance’s recovery fund will help long-running successful projects affected by the liquidity crisis.
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FTX Files USÂ Bankruptcy Proceedings, Sam Bankman-Fried Steps Down as CEO
Crypto exchange FTX filed USÂ bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after trader...
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Crypto Lender BlockFi Pauses Withdrawals Amid FTX, Alameda Research Liquidity Crisis
Crypto lending company BlockFi announces that it is pausing client withdrawals, asking customers not to deposit to BlockFi Wallet or Interest Accounts at this time.
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Binance Buys Crypto Exchange FTX Amid Massive Liquidity Crisis: Here's What Investors Need to Know
The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX's boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale.
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IMF Exec Believes More Stablecoins Are Vulnerable to Runs and Sell-Offs
The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.
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Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
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Over 26,281 Tonnes Of Oxygen Delivered Across India So Far: Railways
The Oxygen Expresses have delivered more than 26,281 metric tonnes (MT) of Liquid Medical Oxygen (LMO) in more than 1,534 tankers to various states across the country, the Railways Ministry informed on Sunday.
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Centre Loses Supreme Court Case Over Supplying More Oxygen To Karnataka
The central government today lost its case in the Supreme Court against a High Court order asking it to increase its supply of medical oxygen to Karnataka for Covid patients. "We cannot leave the people of Karnataka in the lurch," Supreme Court said.
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Navy Intensifies Samudra Setu Op, 9 Warships Bringing Oxygen From Abroad
The Navy has intensified Operation Samudra Setu-2 to fetch more liquid oxygen and other medical supplies from abroad as the second Covid wave continues to ravage the country amid acute shortages of the life-saving gas and essential drugs.
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Navy Ships To Bring Loaded Tanks Of Oxygen From Abroad Amid Crisis
Seven naval ships have been deployed to bring liquid medical oxygen-filled cryogenic containers and associated medical equipment from various countries.
-
Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
-
Crisis-Hit Evergrande, Owing Over $300 Billion, Heads To Liquidation
China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.
-
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
-
FTX Bankruptcy: US Prosecutors Began Probing Crypto Exchange Months Before Collapse: Report
FTX was being probed by US federal prosecutors months before the crypto exchange collapsed earlier this month, according to a report. The beleaguered crypto exchange filed for US bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. The implosion of...
-
FTX Creditors May Number Over 1 Million, Crypto Exchange's Bankruptcy Filings Show
FTX, the now-bankrupt crypto exchange, has outlined a "severe liquidity crisis" in its bankruptcy filings, amid regulatory probes after its collapse last week. The fallout has so far been limited to crypto exchanges and traders, but is featuring in mainstream policy discussions too. The documents also confirmed that FTX had responded to a cyberatt...
-
Binance CEO Changpeng Zhao Announces Launch of Industry Recovery Fund
Binance CEO CZ has announced forming an industry recovery fund as the FTX crisis tanks the crypto market. Binance’s recovery fund will help long-running successful projects affected by the liquidity crisis.
-
FTX Files USÂ Bankruptcy Proceedings, Sam Bankman-Fried Steps Down as CEO
Crypto exchange FTX filed USÂ bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after trader...
-
Crypto Lender BlockFi Pauses Withdrawals Amid FTX, Alameda Research Liquidity Crisis
Crypto lending company BlockFi announces that it is pausing client withdrawals, asking customers not to deposit to BlockFi Wallet or Interest Accounts at this time.
-
Binance Buys Crypto Exchange FTX Amid Massive Liquidity Crisis: Here's What Investors Need to Know
The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance’s chief executive, Changpeng Zhao, and FTX's boss, Sam Bankman-Fried, triggered a bank run at the latter’s exchange and an embarrassing forced sale.
-
IMF Exec Believes More Stablecoins Are Vulnerable to Runs and Sell-Offs
The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and the liquidity crisis in June. Now, the International Monetary Fund (IMF) believes the crypto market could see another sell-off alongside crypto failures, including stablecoins.
-
Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
-
Over 26,281 Tonnes Of Oxygen Delivered Across India So Far: Railways
The Oxygen Expresses have delivered more than 26,281 metric tonnes (MT) of Liquid Medical Oxygen (LMO) in more than 1,534 tankers to various states across the country, the Railways Ministry informed on Sunday.
-
Centre Loses Supreme Court Case Over Supplying More Oxygen To Karnataka
The central government today lost its case in the Supreme Court against a High Court order asking it to increase its supply of medical oxygen to Karnataka for Covid patients. "We cannot leave the people of Karnataka in the lurch," Supreme Court said.
-
Navy Intensifies Samudra Setu Op, 9 Warships Bringing Oxygen From Abroad
The Navy has intensified Operation Samudra Setu-2 to fetch more liquid oxygen and other medical supplies from abroad as the second Covid wave continues to ravage the country amid acute shortages of the life-saving gas and essential drugs.
-
Navy Ships To Bring Loaded Tanks Of Oxygen From Abroad Amid Crisis
Seven naval ships have been deployed to bring liquid medical oxygen-filled cryogenic containers and associated medical equipment from various countries.
