Green light for Binance and Voyager deal, new troubles for the FTX, environmental activists sue the New York officials' for mining authorization and other major news in regulation.
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.There’s still a place for good news. Bankrupt crypto lender Voyager Digital has finally received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion. The approval comes amid a national security probe concerning Binance.US that Voyager seeks to speed up.
The Voyager Official Committee of Unsecured Creditors — a body representing creditors with no security interests in Voyager — supported the transaction in its current form, noting the deal would result in greater recoveries for creditors than if Voyager liquidated its holdings itself.In September 2022, the Public Service Commission of New York authorized the conversion of the Fortistar North power plant into a crypto-mining site.
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