Search Results for "distribution"
South Korea’s CBDC Pilot to Enter into Distribution Phase Next Year
South Korea’s central bank is looking to start the testing of the distribution of its central bank digital currency (CBDC) next year.
Telegram Appeals Federal Court Injunction to Stop Gram Distribution
Telegram has filed an appeal to yesterday’s ruling by a United Stated federal court in favour of the US Securities and Exchange Commission (SEC) which has prohibited the issuance of Gram tokens for the time being.
OKEx Announces Support for Spark (FLR) Airdrop as XRP Holders Prepare for Token Distribution
OKEx has joined other digital asset exchanges in announcing support for the upcoming Spark (FLR) token airdrop.
BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements
BlockFi, a cryptocurrency company, emerged from bankruptcy in October 2023 and has since implemented a plan to repay creditors and return digital assets to clients. The company is now focusing on asset recoveries from entities like FTX and 3AC, processing claims for fair distributions, and Wallet customers can withdraw assets.
Haru Invest Addresses Rehabilitation Procedures and Asset Distribution Concerns
On Aug 6, Haru Invest clarified court rehabilitation procedures and asset distribution plans, following legal challenges and member concerns.
Mt. Gox Bitcoin Distribution Underway After a Decade-Long Legal Battle
Mt. Gox begins Bitcoin distribution to creditors after a decade, marking a significant event in crypto history.
EigenLayer Initiates Redistribution Feature on Testnets, Mainnet Launch Imminent
EigenLayer has announced the launch of its Redistribution feature on Holesky, Sepolia, and Hoodi Testnets, with plans for a mainnet release by July. This development aims to enhance fund management.
Gala Games Distributes 7,500 Gems to Epic Salt Station Purchasers
Gala Games has fulfilled its promise by distributing 7,500 Gems to players who purchased the Limited Edition Epic Salt Station during the original GEM offer.
NVIDIA Advances AI Infrastructure with 800 VDC Ecosystem
NVIDIA introduces a new 800 VDC power distribution architecture to tackle the power demands of AI factories, aiming to enhance efficiency and scalability.
QuadrigaCX Users to Receive Interim Distribution
Users of defunct cryptocurrency exchange QuadrigaCX will receive interim distribution of funds tied to bankruptcy proceedings in the coming weeks. A small number of affected users may receive a Notice of Disallowance of Claim, with the right to appeal. QuadrigaCX owes affected clients an estimated $160 million and trustee Ernst & Young has recovered $34.3 million worth of assets.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.
Haru Invest Faces Rehabilitation Hearing; Hugo Lee Clears Air on Asset Distribution
Haru Invest CEO Hugo Lee has raised concerns over the company's corporate rehabilitation application, stating it doesn't represent all members' interests and doesn't benefit Haru Invest or the targeted entity. He plans to prioritize asset recovery from other management companies for member distribution.