Credit is where the problem lies when exploring the recent Voyager Digital Chapter 11 bankruptcy that has left all customers’ digital assets frozen, with what looks like a high likelihood of catastrophic loss of significant proportions of customer digital assets.
To stop the bleed as a result of customers pulling out/selling assets following recent market decline and general skepticism, Voyager Digital stopped all asset movement in and out of the exchange and filed for Chapter 11 in what Ehrlich claims is:
“to protect assets on the platform, maximize value for all stakeholders, especially customers, and emerge as a stronger company.”
Whether you’ve been on the sidelines about crypto and waited for a dip to get in the market, or a bonafide veteran just looking to increase your stack of sats, you’re probably welcoming a bit of extra crypto during the current market slump. With big gains in 2021 across to board, followed by some current downturns in mid 2022, the talking heads forget that there is still a massive growth in crypto tech via the likes of Web3, Metaverse, NFT and DeFi that won’t stop for a market “crash.” There are many interesting areas in this growing space to invest in. With the recent dip in 2022, crypto investors are granted another record opportunity to invest ahead of the next market upswing. We will explore the top 6 ways to get some free or low-cost crypto this summer before the market recovery.
Bastian Lehmann, one of the founders of food delivery service Postmates and a leading innovator in the business world, has sent waves through the crypto community with the news that a startup in the cryptocurrency sector will be his next venture.
The Sandbox, one of the companies at the leading edge of the Metaverse, has released the lofty goals of raising $400 million USD in its upcoming funding round to reach a total valuation of $4 billion USD. The new funding round comes less than six months after the platform raised $93 million in a Series B round led by SoftBank’s Vision Fund 2. Other previous investors have included True Global Ventures, Square Enix, Galaxy Interactive and Angelhub with the latest funding round drawing even more attention.
Currency.com, one of the cutting edge trading platforms bringing crypto to the masses, suffered a massive cyberattack attempt after announcing that it would halt all operations in Russia last week due to the ongoing invasion of Ukraine.
Since 2020, cryptocurrency has experienced an unprecedented rise in value and mainstream adoption. However, while this was to be expected from celebrated tokens like Ethereum and Bitcoin, it was not expected to be the case for meme coins like Dogecoin (DOGE). Contrary to what its critics have said, though, Dogecoin has continued to reap the benefits of the crypto boom.
RoundlyX, started in 2017 by Andrew Elliott and Will Trible with the goal of providing infrastructure for retail investors interested in the then emerging investment class of digital assets, simplifies the entire process. Users sign up, connect their RoundlyX account to Plaid (a fintech company that specializes in securely connecting their customer’s financial accounts to various services and apps) then simply log into their RoundlyX exchange account to get started on their investment journey. The entire sign-up process takes about three minutes from the creation of a new RoundlyX account to registration.
In what is becoming a more common industry practice, Exxon Mobil, the United States’ largest oil and gas producer, has announced its plans to initiate a pilot Bitcoin mining program by rerouting excess natural gas, which would normally be flared or burned off, to its Qua Iboe Terminal in Nigeria to power Bitcoin mining
Current Chairman of the Federal Reserve Jerome Powell recently revealed that he views the United States central bank as one of the key supporters of innovation in digital financial products. However, in the same breath he warned that certain technologies and innovations, including cryptocurrencies, embody certain risks that need to be addressed before wide spread adoption is possible.
Two former top Jefferies executives, Brandon Mulvihill and Anthony Mazzarese, who cut their teeth within the institutional world of Forex trading have decided to part ways with the New York based investment firm to step into the rapidly growing institutional digital asset space.
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