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Bittrex Approved to Borrow $7 Million Bankruptcy Loan in Bitcoin

Bankrupt cryptocurrency exchange Bittrex Inc. received court permission yesterday to borrow $7 million in bitcoin to fund the start of its chapter 11 case, Reuters reported. Seattle-based Bittrex

U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy

The U.S. Internal Revenue Service (IRS) has filed claims worth nearly $44 billion against the estate of bankrupt crypto exchange FTX and its affiliated entities, CoinDesk.com reported. According to

Jane Street, Jump Pull Back Crypto Trading over U.S. Regulatory Uncertainty

Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back from trading digital assets in the U.S. as regulators crack down on the industry, Bloomberg News

Crypto Companies Test the Public Markets

The 2023 market rebound is enabling some crypto companies to explore an option that appeared off the table just six months ago: trying to go public, the Wall Street Journal reported. Bitcoin-mining

SEC’s Gensler Warns About ‘Lasting Effects’ of U.S. Debt Default

Securities and Exchange Commission Chair Gary Gensler on Wednesday warned that a failure by Democrats and Republicans in Washington to reach a deal on raising the U.S. debt ceiling would impact

China Audits Littered with Deficiencies, U.S. Accounting Watchdog Finds

A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, the government agency said on

Altria Agrees to $235 Million Settlement to Resolve Juul-Related Cases

Altria Group Inc. said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul

California Banking Regulator Says SVB Oversight Inadequate

California's financial regulator failed to press leadership at Silicon Valley Bank to address known problems quickly enough before the lender imploded in March, according to a report released Monday

Investors Bet on Defeating FDIC Claim to $2 Billion SVB Financial Deposit

SVB Financial bondholders are raising their bets in a bankruptcy court battle with the Federal Deposit Insurance Corp. that they can defeat the agency’s claim to nearly $2 billion that Silicon Valley

KKR-Backed Envision Healthcare Plans Chapter 11 Bankruptcy Filing

Envision Healthcare is planning to file for chapter 11 bankruptcy protection, capping one of the biggest losses ever for the physician-staffing company’s backers at private-equity firm KKR, the Wall