Ad Voyager’s native token VGX rose 11.51% in the last 24 hours to as high as $0.42299, according to CryptoSlate’s data. The token’s value had retraced to $0.3955 at the time of writing. Voyager counters SEC’s securities claim against VGX The bankrupt lender countered the US Securities and Exchange Commission’s (SEC) claim that VGX was…
Ad Silvergate Bank has been ordered to return $9.85 million to BlockFi as part of the latter firm’s ongoing bankruptcy proceedings, according to a March 3 filing. BlockFi will see $9.85 million returned That court filing says BlockFi and Silvergate entered an agreement in August 2020 where Silvergate acted as a depository institution to handle…
Ad The total crypto market cap fell $51 billion as the crisis at Silvergate Bank deepened. Over the last 24 hours, the total market cap lost $50.62 billion to bottom at $1.017 trillion around 02:00 GMT on Feb. 3. A muted bounce saw a gradual uptick that peaked at $1.028.5 trillion three hours later. But,…
Ad Voyager’s former Chief Innovation Officer Shingo Lavine warned that the platform could enact customer clawbacks under Chapter 11 bankruptcy rules – potentially affecting 32,000 users. Lavine, who has since co-founded Ethos, suggested affected parties form a community group, as Celsius customers have, to oppose these actions under a unified voice. “With Voyager likely going…
Ad Simon Lee and Zhu Juntao, co-founders of bankrupt crypto lender Hodlnaut have reportedly submitted a proposal to sell their business instead of liquidating its assets. Holdnaut filed for bankruptcy protection back in August, after losing approximately $190 to the Terra-Luna collapse. An interim judicial manager was appointed to manage its affairs and figure out how…
Ad Voyager announced on March 1 that 97% of its customers have voted in favor of its bankruptcy plan, which includes selling its assets to Binance.US. The 97% of voters in favor represent roughly 98% of the total claims — equating to approximately $541.61 million. Voyager said further details would be revealed following its upcoming…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 5…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 5…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 4…
Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 3…