Bitcoin and other cryptocurrencies fell Friday morning after news that Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, reportedly has paused all work for crypto clients, Binance said in an emailed statement and reported by Coindesk.
Another plan, supported by holders of Avaya’s unsecured bonds, proposes to restructure the company out of court, including by issuing new bonds and loans to retire some old debt, the people said.Avaya has been struggling to generate cash as it tries to transform itself from a traditional office hardware business into a subscription-based software company, according to an S&P Global Ratings report. Adobe Inc. said fourth-quarter revenue rose 10% on demand for its software and services.
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