Mark Cuban Still Believes in Crypto’s Power Billionaire investor and crypto bull Mark Cuban has not lost faith in digital currencies. Despite all the problems that have been occurring with FTX and the price of bitcoin, Cuban still feels that there’s a lot the space can offer. Mark Cuban Remains Confident in Crypto In a recent interview, he mentioned: Separate the signal […]
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary to Purchase Voyager Digital’s Assets for $1B, […]
Binance.US set to acquire Voyager Digital assets for $1B According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After a review of strategic options, the firm said that Binance.US represented the "highest and best bid for its assets." The $1.022 billion bid is comprised of the fair market […]
CrossTower considers acquiring other crypto firms besides Voyager CrossTower’s president said the exchange would prioritize firms with a strong commitment to transparency and compliance in light of FTX’s demise. CrossTower eyes further crypto acquisitions CrossTower is mulling over the possibility of making further acquisitions in addition to its bid for the crypto lending platform Voyager Digital, the exchange’s CEO told Bloomberg. Even though the company’s […]
CrossTower eyeing further crypto acquisitions outside of Voyager bid Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite […]
Voyager pursue other bids as FTX deal collapses Voyager Digital is reportedly not planning to sell its assets to the FTX crypto exchange network. The entity is already pursuing other bids starting with the previous losing bidders like CrossTower. The fall of this exchange giant has negatively impacted many crypto projects. Voyager, FTX deal collapses Voyager was a centralized crypto lending platform that […]
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look […]
Crypto News Summary: Nubank’s New Nucoin Crypto, Fidelity’s ETH Offer, Bitpanda Partners With N26 Digital Bank Source: AdobeStock / Tada Images Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Adoption news Brazil's Nubank announced plans to release its own crypto as part of a new customer rewards program, with a goal to offer customers benefits such as […]
Celsius CEO Alex Mashinsky Steps Down Alex Mashinsky – the CEO of the Celsius Network, the doomed digital currency staking platform that is now in the middle of bankruptcy proceedings – has resigned from his post and will no longer be associated with the company. Celsius CEO Alex Mashinsky Says Goodbye A letter of resignation by Mashinsky was submitted in late […]
Report: Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans […]
Sam Bankman-Fried and FTX Exchange Under Investigation by Texas Regulators Source: AdobeStock / Stanislav Major crypto trading platform FTX.US and its founder Sam Bankman-Fried are being investigated by the securities regulator in Texas, USA, for selling an investment product that may have violated state law. The investigation concerns allegations that FTX offers US residents unregistered securities products through its yield-bearing service, per a filing by […]
Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy […]
Sam Bankman-Fried and FTX.US Probed By Texas Securities Board: Barrons Summary: Texas securities regulators said crypto billionaire and FTX CEO Sam Bankman-Fried is under investigation. The American affiliate of the digital asset exchange known as FTX.US and other company executives are subjects of the probe by Texas authorities. Yield-bearing accounts are the crux of the matter, as explained by enforcement director Joe Rotunda during the […]
Insolvency not in 'Nexo's reality,' says co-founder during AMA Bankruptcy or insolvency is not in “Nexo’s reality” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev. In an Ask Me Anything (AMA) video posted via YouTube on Oct. 4, founders and managing partners Metodiev and Antoni Trenchev addressed community questions and recent FUD-related rumors that Nexo could soon face insolvency issues. […]
Nasdaq's Crypto Move, $160M DeFi Hack, Hong Kong CBDC + More News Source: AdobeStock / JHVEPhoto Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Exchange news Nasdaq Inc., the second-largest stock exchange, is hiring a new group in charge of digital assets, Bloomberg reported. This new group will initially offer custody services for […]
Amazon and 4 Others to Work on Digital Euro Prototype, White House's 'Comprehensive Crypto Framework', Hong Kong's Scam Warning + More News
Mark Cuban Sued for Promoting Voyager Digital As the crypto space continues to crash and burn, many lawsuits from unhappy investors that have likely lost thousands or even millions of dollars in the past few months are beginning to pile up. One of the most recent lawsuits to come to light is against Mark Cuban, a billionaire investor and crypto bull, and […]
US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News
US court gives Voyager green light to pay bonuses to key employees A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members. The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP) which entailed $1.9 million worth of payments to 38 […]
Why Celsius and Voyager Were More Like Uninsured, Quasi-Banks William D. O'Connell, PhD Candidate, Political Science, the University of Toronto.______ There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that […]
BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News Source: Adobe/Tada Images Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investments news Asset management giant BlackRock said it has launched a spot bitcoin (BTC) private trust. It is available to US institutional clients and seeks to track the performance of […]
How to Spot the Next Celsius Before It’s Too Late Source: AdobeStock / Nathan Allred The primary telltale sign of vulnerable platforms is unusually high yields. Speculators should treat incentive schemes that reward holders for not selling with suspicion. The sector is also defined by the regular use of leverage, something which amplifies risk and exposes platforms to some very big comedowns. One other issue […]
