Voyager Digital said it’s working as quickly as possible to open user account access in an update posted on July 11. The CEO of investment platform BnkToTheFuture, Simon Dixon, commended the communication reassuring for Voyager Digital users. BnkToTheFuture is an investor in Celsius Network, which also froze user accounts amid challenging market conditions. Due to…
Bear Market Survival Guide: A VC Perspective panel in ETHBarcelona was directed by Node Capital’s founder Amos Meiri. Cerulean Ventures contributor Jahed Momand, Flori Ventures contributor Maria Alegre, IOSG Ventures partner Queenie Wu, and NOIA Capital contributor Muhammed Yesilhark attended as guests to share tips for surviving the bear market. Participants talked about what the bear…
Troubled crypto exchange CoinFLEX confirmed it had filed legal action in Hong Kong to recover $84 million from Bitcoin Cash (BCH) proponent Roger Ver. On June 24, the company announced it had paused withdrawals and halted perpetual and spot trading due to “extreme market conditions” and “continued uncertainty involving a counterparty.” The notice failed to…
137,000 BTC worth roughly $2.8 billion will soon be released into the market as funds lost to the Mt. Gox hack of 2011 and subsequent loss of 850,000 BTC worth around $17.8 billion at today’s price. In 2014 Mt. Gox reported that it had found 200,000 BTC, but those coins have been locked in litigation…
While the coldest crypto winter toppled all areas of crypto, NFTs and blockchain gaming industries remain bullish. NFT trading volumes increased by 23%, while the blockchain gaming industry attracted record investments. The total market cap fell by 34% since the Terra disaster, which pushed the market into a winter. Since then, all areas of crypto…
Voyager users might not get all of their funds back because the crypto lending company has declared bankruptcy, Bloomberg News reported. According to the filing, Voyager expects its users’ funds to be impaired during bankruptcy. Account holders are unlikely to get a full refund of their deposits because the company could be restructured or sold….
One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The company sold 7,202 Bitcoins for around $23,000 each, gaining nearly $167 million. According to the monthly company announcement, Core Scientific used the cash to pay for ASIC servers and scheduled debt. As…
A petition to the European Parliament for the creation of a crypto compensation fund is gathering steam following recent scandals, in particular happenings at Celsius Network. The petition organizer, Jonathan Levy, wrote that the EU must create a fund paid for by “taxing” transactions to provide restitution for victims of crypto crime. Although Celsius is…
Crypto platform Voyager Digital filed for Chapter 11 bankruptcy on July 5 in the Southern District of New York. The company made the move four days after another significant industry player, Three Arrows Capital (3AC), filed for bankruptcy after being unable to pay an $80 million margin trading debt to derivative exchange Deribit. According to…
Bank of England’s (BoE) Financial Policy Committee believes the crypto industry needs more stringent regulations as the crypto market cap’s decline from almost $3 trillion in late 2021 to $900 billion in six months exposes vulnerabilities in the market, Bloomberg News reported July 5. The central bank reportedly said that the extreme volatility highlights weaknesses…