Category: Cleared
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FTX cleared to repay billions to customers after bankruptcy plan approval By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – FTX received court approval for its bankruptcy plan on Monday, which will allow it to repay customers in full using up to $16.5 billion in assets recovered since the collapse of the once-leading cryptocurrency exchange. U.S. Bankruptcy Judge John Dorsey approved the…
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Carry trades cleared out, USD/JPY longs dip a toe in the water
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Markets are struggling with some of the drama of the past two weeks today. Japan is on holiday today, and the US economic calendar is empty, so this is a good time for markets to catch their breath. But what is striking is that the yen has become weaker overall…
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Yen shorts largely cleared; sell USD/JPY on rallies above 147
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Investing.com – The majority of short selling in the yen is likely to be liquidated quickly, according to UBS, which should reduce future volatility. The carry trade on the yen has been a major factor behind much of the market volatility recently, as the Bank of Japan’s decision to raise…
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Binance, KuCoin Cleared by India’s Anti-Money Laundering Regulator
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India’s Financial Intelligence Unit (FIU) has registered Binance and KuCoin, months after banning the cryptocurrency exchanges from operating illegally, Coindesk reported. While KuCoin paid a $41,000 fine and resumed operations, Binance is awaiting a penal decision after a hearing with the Financial Intelligence Unit. Enhance credibility Vivek Agarwal, head of…