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Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan
6.7.2022
Voyager Digital has joined the growing list of CeFi firms hurting as a result of exposure to Three Arrows Capital and declining crypto asset prices
US expansion for Huobi a step closer after it secures a FinCEN license
6.7.2022
It says users in the United States can expect digital asset services to come in the future
Voyager Digital Files for Bankruptcy
6.7.2022
Voyager Digital Holdings, the US-based operator of a crypto platform Voyager Digital, and two affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, per Stretto, a bankruptcy specialist, data.
Both estimated liabilities and assets are in...
Fed conference hears stablecoins may boost USD as global reserve currency
6.7.2022
The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system
High-ranking crime fighter to join UK’s FCA as payments and digital assets director
6.7.2022
The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy
Why Everyone’s Suddenly Obsessed With A Two-Year-Old Game About Action Figures
5.7.2022
Over the past week, the gaming world has been obsessed with an indie shooter coming to Xbox, treating it with the fervor (and wildfire social media metrics) of a forthcoming AAA tentpole. But here’s the weird part: This game’s already out. It’s been playable on multiple platforms for years.Read more
US Commerce Dept. asks digital asset industry for input on competitiveness framework
5.7.2022
The federal agency received eight responses to a request for comment on a document mandated by U.S. President Joe Biden’s March 9 executive order on digital assets
African infrastructure firm lands $150M to launch crypto water token
5.7.2022
A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital
Nifty News: NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more
5.7.2022
The console's creators say it will be compatible with eight blockchains and have its own digital wallet, token, and marketplace, with a prototype coming in “a few months.”
Institutional investors shorting Bitcoin made up 80% of weekly inflows
5.7.2022
Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million
Metaverse Domains Are Trending as Minting Goes Live on Quik․com
5.7.2022
Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital...
Hilarious 'Web 3 Console' Will Never, Ever Happen
4.7.2022
The Polium One is the answer to a question no one has ever, nor will ever, ask. It is a “next-gen console for web3 gaming.” Which is to say, a render on a website for a fictional machine that I believe will absolutely will never get made. I dare them to prove me wrong.Read more
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...
Kuwait-Based Islamic Bank Enters the Metaverse
3.7.2022
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been...
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
3.7.2022
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li...
Meta Ending Crypto Project Novi After Mark Zuckerberg Unveiled Metaverse Digital Wallet
3.7.2022
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook...
Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020
2.7.2022
The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered a positive 30-day return (30.8%) as of June...
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
1.7.2022
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company...
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
1.7.2022
The cryptocurrency exchange filed a notice of default to Singapore-based Three Arrows Capital earlier in the week, but promised it would continue operations
Voyager Digital Temporarily Suspends All Trading, Withdrawals and Deposits
1.7.2022
Shares of the troubled digital platform were down more than 17% on Friday