Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Cryptocurrencies are offered for sale at a “loss” … and investors avoid bankruptcy procedures

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280906
    Join date : 2012-12-21
    • Post n°1

    Cryptocurrencies are offered for sale at a “loss” … and investors avoid bankruptcy procedures Empty Cryptocurrencies are offered for sale at a “loss” … and investors avoid bankruptcy procedures

    Post by Rocky Thu 29 Dec 2022, 6:32 am

    [size=39]Cryptocurrencies are offered for sale at a “loss” … and investors avoid bankruptcy procedures

    Free / Subtitles - Dubai
    December 29, 2022
    [/size]

    Cryptocurrencies are offered for sale at a “loss” … and investors avoid bankruptcy procedures 000_329P2QE
    Investors accept a loss in order to avoid bankruptcy proceedings
    Hundreds of clients affected by the collapse of cryptocurrency exchanges such as FTX, Celcius Network and Voyage Digital are seeking to sell their crypto assets at deep discounts so they don't have to wait months or years to see what they might get back. .
    To avoid dealing with the uncertainties of these companies' position during the protracted bankruptcy period, some clients with accounts stuck in troubled cryptocurrency firms are choosing to take a significant loss on their investments, according to a report by the Wall Street Journal .
    Clients and other creditors, who own about $1 billion in claims on FTX and nearly $100 million in Celcius, offered the coins online through a site run by Cherokee Acquisition, which specializes in bankruptcy filings and receivables financing.
    Not only did this company stop, but some 500 FTX, Celcius, and Voyager clients posted assets worth approximately $126 million for sale on Xclaim, which focuses on brokering the sale of crypto receivables from distressed companies that ask for bankruptcy.
    Xclaim has so far listed about $91.7 million in customer receivables with FTX, according to the Wall Street Journal.
    The newspaper indicates that investors accept the loss in order to avoid bankruptcy procedures, which do not necessarily guarantee them a better result than the proceeds of their sales now.
    "The bankruptcy procedure is taking longer than a number of investors can handle, as some of them need their money immediately," said Vladimir Jelisevich, founder and director of Cherokee Acquisitions.
    Xclaim Founder and CEO Matt Sage says the company receives calls from creditors every day. Most of FTX's clients are based overseas, and nearly two-thirds of its sale claims originate from creditors based in China, Hong Kong and Taiwan, according to the Wall Street Journal report.
    The cryptocurrency market has had a rough year, and in the latest blow to the crypto sector, Core Scientific, one of the largest publicly traded cryptocurrency miners in the United States, which primarily mines bitcoin, declared bankruptcy on December 21, according to a report by CNB. bad".
    In turn, the collapse of FTX, the bankrupt cryptocurrency exchange, once valued at $32 billion, shattered investor confidence.
    Here is how much the value of seven popular cryptocurrencies will change during the year 2022 as of December 22, according to CNBC calculations.
    Terra: -100 percent
    Solana: -93 percent
    IMB: -93 percent
    Cardano: -80 percent
    Ether: -67 percent
    Bitcoin: -63 percent
    Dogecoin: -55 percent
    Many Americans are beginning to realize that "cryptocurrency is just a speculative mania and that the sector is full of scammers," CNBC reported.
    About 60 percent of Americans believe investing in digital currency is risky, up from 45 percent in 2021, according to a survey to which CNB contributed. The study indicates that 26 percent believe that this involves a moderate risk.
    Prices are likely to drop further, according to CNBC. Cryptocurrencies are highly volatile assets that are subject to unpredictable price swings and falls. For this reason, financial experts usually advise against investing in cryptocurrencies with an amount greater than the investor is willing to lose.
    https://www.alhurra.com/business/2022/12/29/%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D9%85%D8%B4%D9%81%D8%B1%D8%A9-%D9%85%D8%B9%D8%B1%D9%88%D8%B6%D8%A9-%D9%84%D9%84%D8%A8%D9%8A%D8%B9-%D8%A8%D8%AE%D8%B3%D8%A7%D8%B1%D8%A9-%D9%88%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%88%D9%86-%D9%8A%D8%AA%D8%AC%D9%86%D8%A8%D9%88%D9%86-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D9%81%D9%84%D8%A7%D8%B3
    • Back to top
      Current date/time is Sun 17 Nov 2024, 6:29 pm