Search results for cash management system
Crypto
Movement Labs files for Chapter 11 bankruptcy protection amid MOVE token turmoil
Movement Labs, an Ethereum layer-2 developer, has filed for Chapter 11 bankruptcy protection in the U.S. District of Delaware. The filing was submitted on July 15 under Subchapter V, a streamlined restructuring process for qualifying small businesses. The court approved interim motions allowing the company to keep its banking and cash-management systems and obtain debtor-in-possession financing. The deadline for creditors to file claims is Sept. 14.
Finance
KB Kookmin Bank selected as Seoul Metro main banking partner for third straight time
KB Kookmin Bank was selected for a third consecutive time as the preferred bidder to serve as Seoul Metro’s main banking partner. If it signs a final contract, it will handle Seoul Metro’s funding and payment operations from 2027 to 2030. The bank has managed those tasks since 2020. It plans to provide operating fund management, an integrated cash management system and digital financial services.
Crypto
Michael Saylor says 3.3 percent annual bitcoin gain could sustain STRC dividends indefinitely
Michael Saylor (마이클 세일러), chairman of Strategy, released an internal analysis saying the company could effectively sustain dividends on its STRC preferred shares indefinitely using profits from selling some bitcoin if bitcoin rises at least 3.3 percent a year. He also said Strategy could pay STRC dividends for about 31 years even if bitcoin returns are 0 percent, assuming its current capital structure remains unchanged. The estimates are based on asset levels as of July 5 and are described as a simulation, not investment advice.
