The reorganization plan has been put on hold because of a move that was taken by the debtors, which has been met with criticism from the unsecured committee of creditors as well as other parties parti...
Tag: Plan
Bankrupt Genesis Unveils Plan to Pay Back Creditors
Bankrupt crypto broker Genesis has filed details on how it will pay back its creditors. A Friday filing shows that Digital Currency Group (DCG) plans to turn its Genesis Global Trading equity over to ...
BAT Soars Almost 100% Year-To-Date As Bulls Plan A 36% Breakout To New Highs
Join Our Telegram channel to stay up to date on breaking news coverage Basic Attention Token (BAT) price, like other altcoins in the crypto market, has followed the positive tone set by Bitcoin (BTC),...
Market Rally Pullback Continues — What’s Your Game Plan? Inflation Report Looms
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a down week after big gains over the prior five weeks. But the pullback has be...
MakerDAO presents ‘Endgame Plan’: First Step the Spark Protocol
Spark Protocol will be launched in April 2023. Stablecoin DAI would be at the core. The DeFi protocol MakerDAO is also working on its ‘Endgame’ plan, slowly dissolving MakerDAO and creating subDAOs....
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan. In separate Feb. 8 c...
Stranded college savings plan can soon be rescued. New law lets 529 dollars roll into retirement
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That mon...
Disney has more upside thanks to Bob Iger’s turnaround plan
CNBC’s Jim Cramer on Thursday said that he’s bullish on Disney after the company announced a robust restructuring and cost-cutting plan. “Disney finally feels like it’s back o...
MakerDAO proposes Spark Protocol focused on DAI: ‘Endgame plan’
Maker’s governance forum had a proposal posted on Wednesday about Spark Protocol. It would allow lending and borrowing assets focused on DAI. The proposal is a part of the ‘Endgame plan.’ As per the...
Majority Of Americans Plan To Use Or Gift Cannabis On Valentine’s Day, Says New Survey
Marijuana buds in a heart shaped, valentine’s day chocolate box on a white background with rose … [+] petals and cannabis buds getty Forget roses or chocolates! According to a new study, a...
Genesis creditor reveals new proposed restructuring plan that will see creditors getting back
According to information provided by a Genesis creditor, the most recent suggested restructuring plan between Genesis, Digital Currency Group, and creditors would result in creditors receiving at leas...
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
“Under the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that will happen on the effective date,” O’Neal said. “In ...
Biden’s one-size-fits-all plan to protect renters comes ‘at the expense’ of mom-and-pop landlords — what to do if you still want to slice up a piece of the real estate pie
Biden’s one-size-fits-all plan to protect renters comes ‘at the expense’ of mom-and-pop landlords — what to do if you still want to slice up a piece of the real estate pie A new White Hous...
DCG and Genesis reach initial deal to restructure plan with creditors
The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing outstanding lo...
Genesis creditors to expect 80% recovery under proposed restructuring plan
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds. On Feb. 6, Genes...
Lido presents plan for Version 2, adding staking withdrawals and more
Lido Finance finished the design for the second version of its protocol, which will bring in support for Ethereum staking withdrawals post-Shanghai and rework the Staking Router in a way that should b...
Gemini to contribute $100 million to Genesis bankruptcy recovery plan
Cameron and Tyler Winklevoss. Adam Jeffery | CNBC Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global C...
Genesis Bankruptcy Restructuring Advances with DCG’s Plan to Sell Trading Division
Digital Currency Group (DCG) and its subsidiary Genesis have reached an agreement with a key group of creditors over the restructuring of its crypto trading business and lending arm, which filed for b...
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24%
Bed Bath & Beyond’s (BBBY) stock sank 24% after the embattled retailer announced it will raise as much as $1.025 billion through an equity offering. BBBY had gained 92% on Monday ahead of th...
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Should I Get a Life Insurance Retirement Plan This Year?
SmartAsset: What is a life insurance retirement plan (LIRP)? The main purpose of a life insurance policy is to take care of your loved ones after you die. However, your life insurance policies can als...
Stock Market Investing Action Plan: Disney, A Nasdaq Power Trend And More Powell; Nasdaq’s Best January in 22 Years
January provided a hospitable start to 2023, giving investors a reminder of what upward stock market momentum feels like. Friday’s jobs report rattled hopes for a dovish Fed, and Jerome Powell m...
John Deaton Rejects XRP Buyback Plan – Find Out Why!
A renowned attorney, John E. Deaton, has taken to Twitter to clarify his stance on Jimmy Vallee’s XRP buyback proposal. The proposed terms of the XRP buyback mentioned making a payment to the attorney...
MicroStrategy Reports Record Fourth Quarter Loss – Says No Plan To Stop BTC Trading
Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy, a business intelligence application provider, is making news after its eighth consecutive quarterly loss in its Bi...
Russia largest bank is moving forward with the plan
Sberbank, the biggest bank in Russia, is pushing ahead with the plan to deploy its decentralised financing (DeFi) platform. The bank is now getting ready to test out the product within the next few mo...
Want to retire a millionaire? Here is why you should open a Roth IRA–even if you have a 401(k) plan
For young people, saving for retirement may be low on your list priorities—somewhere between cleaning the bathroom and going to the DMV. Yet according to financial advisors, investing early in retirem...
Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams
The Australian government is bolstering its market regulator’s digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and ensuring proper risk disclosures from crypto ...
India States IMF is Working with G20 for Crypto Regulation plan
Indian EA official Ajay Seth revealed that the IMF is working on a paper focussing on crypto assets in consultation with India. Indian government is helping Financial Stability Board to ensure that th...
Inside The Audacious Plan To Use 10,000 Nuclear Microreactors To Wean The World Off Coal
Bret Kugelmass of Last Energy aims to build his first 10 inexpensive, off-the-shelf fission reactors in eastern Europe. Anhour west of Houston, where suburban sprawl surrenders to cow pasture, sits a ...
Halliburton Stock, Baker Hughes And SLB Plan Return 50% (Or More) To Investors
Halliburton stock and its peers lagged the rallying stock market, even as fourth-quarter earnings from the oilfield services and equipment leaders provided fresh details on what propelled a 52% reboun...