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Fake News: Cryptocurrency Exchange Bitfinex Denies Insolvency

Responding to longstanding rumors of financial struggles and outright accusations of insolvency, major cryptocurrency exchange Bitfinex has provided a glimpse into its cryptocurrency balance sheet. The exchange, which is registered in the British Virgin Islands but headquartered in Hong Kong, sought to dispel these rumors in a blog post published on Sunday, which included links…

Lok Sabha passes Insolvency Code amendment Bill

NEW DELHI: A Bill to amend the Insolvency and Bankruptcy Code (IBC), 2016, allowing home buyers to be treated as financial creditors, was passed in the Lok Sabha on Tuesday amid allegations from opposition parties that some changes were intended to "help just one industry". Finance Minister Piyush Goyal said the aim of the Insolvency…

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