Mac Jones of the Patriots Gives His Teammates BTC
Mac Jones is a rookie quarterback for the New England Patriots football team. He’s had quite a year in 2021, having led the team to a new 9-6 record, and he’s now slated to be the official winner of the Rookie of the Year award.
Mac Jones Seems to Love BTCTo celebrate, Jones is giving bitcoin to all the team members that helped the Patriots get to where they need to be. He says he couldn’t have accomplished all he’s set out to do by himself, and he’s looking to share his gratitude by spreading a little digital wealth amongst his fellow players.
Mac Jones is a rookie quarterback for the New England Patriots football team. He’s had quite a year in 2021, having led the team to a new 9-6 record, and he’s now slated to be the official winner of the Rookie of the Year award.
Mac Jones Seems to Love BTCTo celebrate, Jones is giving bitcoin to all the team members that helped the Patriots get to where they need to be. He says he couldn’t have accomplished all he’s set out to do by himself, and he’s looking to share his gratitude by spreading a little digital wealth amongst his fellow players.
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging British citizens not to ask for pay raises, Bailey replied: “Broadly, yes.”
BOE Raises Rates for the Second Time Since the Start of the Covid-19 Pandemic, British Central Bank Governor Says ‘We Need to See Restraint in Pay Bargaining’The Bank of England has raised the benchmark interest rate again after raising the rate back in December. BOE was the first major central bank to raise rates after the pandemic and on Thursday, the rate was bumped again from 0.25% to 0.5%. The British central bank’s move follows hawkish statements stemming from the U.S. Federal Reserve when it said it would raise rates “soon.” Fed chairman Jerome Powell signaled that the rates would likely be increased in mid-March 2022.
Following the BOE’s Monetary Policy Committee meeting, the bank disclosed that four out of the nine committee members wanted to bump the rate to 0.75%. However, the majority of committee members, including governor Andrew Bailey, voted to increase the benchmark rate to 0.5% instead. After the increase, the British pound tapped a two-year high against the euro, and British government bonds were sold off during the afternoon trading sessions on Thursday.
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging British citizens not to ask for pay raises, Bailey replied: “Broadly, yes.”
BOE Raises Rates for the Second Time Since the Start of the Covid-19 Pandemic, British Central Bank Governor Says ‘We Need to See Restraint in Pay Bargaining’The Bank of England has raised the benchmark interest rate again after raising the rate back in December. BOE was the first major central bank to raise rates after the pandemic and on Thursday, the rate was bumped again from 0.25% to 0.5%. The British central bank’s move follows hawkish statements stemming from the U.S. Federal Reserve when it said it would raise rates “soon.” Fed chairman Jerome Powell signaled that the rates would likely be increased in mid-March 2022.
Following the BOE’s Monetary Policy Committee meeting, the bank disclosed that four out of the nine committee members wanted to bump the rate to 0.75%. However, the majority of committee members, including governor Andrew Bailey, voted to increase the benchmark rate to 0.5% instead. After the increase, the British pound tapped a two-year high against the euro, and British government bonds were sold off during the afternoon trading sessions on Thursday.
LBank Exchange Will List BITCOIN LEGEND (BCL) on March 15, 2022
INTERNET CITY, DUBAI, Mar. 1, 2022 – LBank Exchange, a global digital asset trading platform, will list BITCOIN LEGEND (BCL) on March 15, 2022. For all users of LBank Exchange, the BCL/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 15, 2022.
Today’s world is in the fourth industrial revolution, and there is no doubt that blockchain technology will play an important role in it. Created to realize people’s ideals, BITCOIN LEGEND (BCL) aims to become a platform that builds a decentralized application ecosystem using blockchain technology, cryptocurrency, and metaverse systems in the field of the fourth industrial revolution. Its native token BCL will be listed on LBank Exchange at 16:00 (UTC+8) on March 15, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Mar. 1, 2022 – LBank Exchange, a global digital asset trading platform, will list BITCOIN LEGEND (BCL) on March 15, 2022. For all users of LBank Exchange, the BCL/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 15, 2022.
Today’s world is in the fourth industrial revolution, and there is no doubt that blockchain technology will play an important role in it. Created to realize people’s ideals, BITCOIN LEGEND (BCL) aims to become a platform that builds a decentralized application ecosystem using blockchain technology, cryptocurrency, and metaverse systems in the field of the fourth industrial revolution. Its native token BCL will be listed on LBank Exchange at 16:00 (UTC+8) on March 15, 2022, to further expand its global reach and help it achieve its vision.
Ethereum Significantly Undervalued While Terra, Solana and Additional ETH Rival Show Positive Signals: Bloomberg Analyst
Commodity analysts from Bloomberg say that Ethereum (ETH) is significantly undervalued and that three of its biggest competitors are all showing solid potential.
In the latest Crypto Outlook report, Bloomberg strategist Mike McGlone says that based on a discounted cash flow model, which attempts to estimate the value of an investment based on projections of future cash flows, Ethereum is undervalued by a long shot.
Commodity analysts from Bloomberg say that Ethereum (ETH) is significantly undervalued and that three of its biggest competitors are all showing solid potential.
In the latest Crypto Outlook report, Bloomberg strategist Mike McGlone says that based on a discounted cash flow model, which attempts to estimate the value of an investment based on projections of future cash flows, Ethereum is undervalued by a long shot.
Drops DAO Mainnet Finally Goes Live, Adding NFTs As Collateral
Drops DAO, a decentralized lending network based in Lithuania, has officially announced that its mainnet version will go online on Wednesday, May 4, 2022. The mainnet’s debut gives users and community members access to the Drops ecosystem, allowing them to interact with and use all of the ecosystem’s features.
Drops DAO’s mainnet launch allows users to utilize their non-fungible tokens (NFTs), metaverse assets, and DeFi tokens as collateral to borrow money through the platform’s lending facilities. According to the team’s announcement, this will provide much-needed liquidity and utility to the NFT and DeFi ecosystems. Drops DAO, on the other hand, eliminates the necessity for middlemen in the lending system, highlighting the benefits of decentralized protocols.
Drops DAO, a decentralized lending network based in Lithuania, has officially announced that its mainnet version will go online on Wednesday, May 4, 2022. The mainnet’s debut gives users and community members access to the Drops ecosystem, allowing them to interact with and use all of the ecosystem’s features.
Drops DAO’s mainnet launch allows users to utilize their non-fungible tokens (NFTs), metaverse assets, and DeFi tokens as collateral to borrow money through the platform’s lending facilities. According to the team’s announcement, this will provide much-needed liquidity and utility to the NFT and DeFi ecosystems. Drops DAO, on the other hand, eliminates the necessity for middlemen in the lending system, highlighting the benefits of decentralized protocols.
Ripple’s XRP Projected To Surpass $2.55 By December 2022 Following SEC Lawsuit Outcome
A new report by finance trend survey platform Finder has projected Ripple’s (XRP) price to hit $2.55 before the year ends.
The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).
A new report by finance trend survey platform Finder has projected Ripple’s (XRP) price to hit $2.55 before the year ends.
The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Binance Crypto Services In Bahrain Expanded Under New License
On Thursday, Binance announced that it had received a Category 4 License as a crypto assets service provider (CASP) from the Central bank of Bahrain.
“Binance is extremely proud to announce that Binance Bahrain received a category 4 license as a Crypto Asset Provider (CASP) from the Central Bank of Bahrain (CBB) on May 24, 2022.” Read the announcement.
A category-4 license seeks to cater to the business models of specialist fund managers who operate or manage market collective investment undertakings (CIUs). Introduced in September 2021, the license brings crypto exchanges under the purview of Bahrain’s regulations and creates a conducive environment for the Middle East country to progressively adopt digital asset regulations without stifling innovation.
On Thursday, Binance announced that it had received a Category 4 License as a crypto assets service provider (CASP) from the Central bank of Bahrain.
“Binance is extremely proud to announce that Binance Bahrain received a category 4 license as a Crypto Asset Provider (CASP) from the Central Bank of Bahrain (CBB) on May 24, 2022.” Read the announcement.
A category-4 license seeks to cater to the business models of specialist fund managers who operate or manage market collective investment undertakings (CIUs). Introduced in September 2021, the license brings crypto exchanges under the purview of Bahrain’s regulations and creates a conducive environment for the Middle East country to progressively adopt digital asset regulations without stifling innovation.
BAYC’s Yuga Labs Files Lawsuit Against RR/BAYC Creator Ryder Ripps
Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.”
Yuga Labs accuses Ryder Ripps of intentional copyright infringementsIn the lawsuit filed on June 25, Yuga Labs pointed out Ripps’ deliberate attempts at making a caricature of the uniqueness of the BAYC collections by knowingly creating copycat NFTs using the exact same trademarks and marketing them to the general public.
Going further, Yuga noted that these copyright infringements are “not accidental”, but rather “calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and to the holders of authentic Bored Ape Yacht Club NFTs.” The firm seeks a jury trial.
Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.”
Yuga Labs accuses Ryder Ripps of intentional copyright infringementsIn the lawsuit filed on June 25, Yuga Labs pointed out Ripps’ deliberate attempts at making a caricature of the uniqueness of the BAYC collections by knowingly creating copycat NFTs using the exact same trademarks and marketing them to the general public.
Going further, Yuga noted that these copyright infringements are “not accidental”, but rather “calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and to the holders of authentic Bored Ape Yacht Club NFTs.” The firm seeks a jury trial.
Top Crypto Analyst Explores Bitcoin (BTC) Market Structure That Is Giving Traders ‘Nightmares’
A popular crypto strategist says Bitcoin (BTC) is forming a structure that tends to give traders sleepless nights.
The pseudonymous analyst Inmortal tells his 174,000 Twitter followers about Bitcoin’s recent pattern of long consolidation followed by a brief rally and then a deeper decline in prices.
A popular crypto strategist says Bitcoin (BTC) is forming a structure that tends to give traders sleepless nights.
The pseudonymous analyst Inmortal tells his 174,000 Twitter followers about Bitcoin’s recent pattern of long consolidation followed by a brief rally and then a deeper decline in prices.
IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments
The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation that is coordinated, consistent, and comprehensive.
IMF Officials on Crypto Regulation, Mainstream AdoptionThe International Monetary Fund (IMF) published a report titled “Regulating Crypto: The right rules could provide a safe space for innovation” in the September edition of its flagship Finance & Development magazine. The report is authored by IMF’s Monetary and Capital Markets Department deputy director Aditya Narain and assistant director Marina Moretti.“Crypto assets have been around for more than a decade, but it’s only now that efforts to regulate them have moved to the top of the policy agenda,” the report describes, elaborating:
It’s only in the past few years that crypto assets have moved from being niche products in search of a purpose to having a more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.
The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation that is coordinated, consistent, and comprehensive.
IMF Officials on Crypto Regulation, Mainstream AdoptionThe International Monetary Fund (IMF) published a report titled “Regulating Crypto: The right rules could provide a safe space for innovation” in the September edition of its flagship Finance & Development magazine. The report is authored by IMF’s Monetary and Capital Markets Department deputy director Aditya Narain and assistant director Marina Moretti.“Crypto assets have been around for more than a decade, but it’s only now that efforts to regulate them have moved to the top of the policy agenda,” the report describes, elaborating:
It’s only in the past few years that crypto assets have moved from being niche products in search of a purpose to having a more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.
Crypto Exchange Bittrex Fined $30 Million For Breaking US Sanctions
Crypto exchange Bittrex has settled with the US Treasury department over allegations that the firm violated the sanctions imposed by the OFAC by engaging with users from the sanctioned jurisdictions.
Bittrex Will Pay $30 Million To The US Treasury As Settlement Money.
The US Treasury Department has imposed a $30 million fine on the cryptocurrency exchange Bittrex. The department alleged that Bittrex had violated US sanctions by permitting users from Cuba, the Crimea region of Ukraine, Iran, Sudan, and Syria to conduct cryptocurrency proceedings through the Bittrex platform.
Crypto exchange Bittrex has settled with the US Treasury department over allegations that the firm violated the sanctions imposed by the OFAC by engaging with users from the sanctioned jurisdictions.
Bittrex Will Pay $30 Million To The US Treasury As Settlement Money.
The US Treasury Department has imposed a $30 million fine on the cryptocurrency exchange Bittrex. The department alleged that Bittrex had violated US sanctions by permitting users from Cuba, the Crimea region of Ukraine, Iran, Sudan, and Syria to conduct cryptocurrency proceedings through the Bittrex platform.
Celsius Mining Owes $5.4 Million In Hosting Fees Says Core Scientific, Crypto Miner After Legal Recovery
Summary:
Core scientific intends to pursue a claim against bankrupt crypto lender Celsius and the company’s mining business.A filing with the U.S. Securities and Exchange Commission on Wednesday said Core Scientific plans to “vigorously defend its interests” during the ongoing bankruptcy proceedings.The crypto miner claims that Celsius Mining owes around $5.4 million for hosting services.Legal counsel for the troubled crypto lender previously argued that Core Scientific violated bankruptcy protection by debt recovery. Core Scientific submitted a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday in line with the company’s plan to recover $5.4 million owed by Celsius Mining, the digital asset mining business attached to the bankrupt crypto lender.
The company runs crypto mining operations as well as hosting services as part of its revenue generation strategy. Prior to its chapter 11 bankruptcy filing in July 2022, Celsius and Core Scientific had an agreement where Core Scientific provided crypto hosting for the lender’s mining business.
Summary:
Core scientific intends to pursue a claim against bankrupt crypto lender Celsius and the company’s mining business.A filing with the U.S. Securities and Exchange Commission on Wednesday said Core Scientific plans to “vigorously defend its interests” during the ongoing bankruptcy proceedings.The crypto miner claims that Celsius Mining owes around $5.4 million for hosting services.Legal counsel for the troubled crypto lender previously argued that Core Scientific violated bankruptcy protection by debt recovery. Core Scientific submitted a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday in line with the company’s plan to recover $5.4 million owed by Celsius Mining, the digital asset mining business attached to the bankrupt crypto lender.
The company runs crypto mining operations as well as hosting services as part of its revenue generation strategy. Prior to its chapter 11 bankruptcy filing in July 2022, Celsius and Core Scientific had an agreement where Core Scientific provided crypto hosting for the lender’s mining business.
Uncertainty Looms Amid Binance’s Failed Acquisition Of The FTX Crypto Exchange
On November 2, 2022, the Fed raised its key interest rates by 75 basis points for the fourth time this year, bringing the target range for the federal funds rate to 3.75 to 4 percent. Immediately following the Fed rate announcement, the price of Bitcoin remained above US$20,000, as the markets had anticipated an interest rate hike of this magnitude.
A few days following the latest Fed interest rate hike, the price of Bitcoin even rose to over US$ 21,000. However, the Bitcoin price rally was short-lived following insolvency rumours at the FTX crypto exchange. CoinDesk had reported that Alameda Research, a trading firm founded by Sam Bankman-Fried (SBF), founder and CEO of FTX, held a significant amount of FTT tokens on its balance sheet.
On November 2, 2022, the Fed raised its key interest rates by 75 basis points for the fourth time this year, bringing the target range for the federal funds rate to 3.75 to 4 percent. Immediately following the Fed rate announcement, the price of Bitcoin remained above US$20,000, as the markets had anticipated an interest rate hike of this magnitude.
A few days following the latest Fed interest rate hike, the price of Bitcoin even rose to over US$ 21,000. However, the Bitcoin price rally was short-lived following insolvency rumours at the FTX crypto exchange. CoinDesk had reported that Alameda Research, a trading firm founded by Sam Bankman-Fried (SBF), founder and CEO of FTX, held a significant amount of FTT tokens on its balance sheet.
Here’s How Binance’s Bitcoin and Stablecoin Reserves Compare to FTX’s Before the Collapse: Quant Analyst
The chief executive of on-chain insights platform CryptoQuant says that despite the current rumors surrounding Binance, the exchange’s stablecoin reserves still look quite different than FTX’s did prior to its collapse.
Ki Young Ju is responding to a Reuters story that broke earlier this week reporting that Binance and its CEO Changpeng Zhao are under federal investigation for potential money laundering violations.
The chief executive of on-chain insights platform CryptoQuant says that despite the current rumors surrounding Binance, the exchange’s stablecoin reserves still look quite different than FTX’s did prior to its collapse.
Ki Young Ju is responding to a Reuters story that broke earlier this week reporting that Binance and its CEO Changpeng Zhao are under federal investigation for potential money laundering violations.
KEY3.id Supports Multi-Chain Transaction, Partnership With KuCoin Wallet, CoinHub Wallet and Wallet3 To Launch 2023 Lucky Transaction Campaign With Over 30,000 Participants on Social
KEY3.id recently announced the support of multi-chain transactions, including major public chains such as Ethereum, BSC, TRON, Polygon, BNB Chain, Solana and more. As the only DID on Ethereum chain to support multi-chain transactions, KEY3.id gained the support and access from wallets such as KuCoin Wallet, CoinHub Wallet and Wallet3 and exchanges such as Yibi to jointly launch the 2023 Lucky Transaction Campaign.The campaign generated mass buzz on Twitter, reaching over 30,000 participants for the draw to transfer 0.2023 USDT to the appointed DIDs of the wallet partners (2023kuwallet.did, coinhub.did, dagen.did) using the partnership wallets.
Users now can directly access DApps from different chains using KEY3.id’s .did domain name and blue-chip NFT bound DID to make transactions and send and receive tokens as well as NFTs.
KEY3.id recently announced the support of multi-chain transactions, including major public chains such as Ethereum, BSC, TRON, Polygon, BNB Chain, Solana and more. As the only DID on Ethereum chain to support multi-chain transactions, KEY3.id gained the support and access from wallets such as KuCoin Wallet, CoinHub Wallet and Wallet3 and exchanges such as Yibi to jointly launch the 2023 Lucky Transaction Campaign.The campaign generated mass buzz on Twitter, reaching over 30,000 participants for the draw to transfer 0.2023 USDT to the appointed DIDs of the wallet partners (2023kuwallet.did, coinhub.did, dagen.did) using the partnership wallets.
Users now can directly access DApps from different chains using KEY3.id’s .did domain name and blue-chip NFT bound DID to make transactions and send and receive tokens as well as NFTs.
The Shanghai Upgrade Is Unlikely to Spark Massive ETH Selling Pressure — Here’s Why
The crypto community has continued to fret over the likelihood of Ethereum validators mass-dumping their Ether as the Shanghai upgrade approaches.
The Shanghai upgrade, expected to roll out later this month or early April, will signify Ethereum’s transition to a full-fledged proof-of-stake system. It will also allow validators to withdraw their staked ether and rewards gained by staking their Ether on the beacon chain.
The crypto community has continued to fret over the likelihood of Ethereum validators mass-dumping their Ether as the Shanghai upgrade approaches.
The Shanghai upgrade, expected to roll out later this month or early April, will signify Ethereum’s transition to a full-fledged proof-of-stake system. It will also allow validators to withdraw their staked ether and rewards gained by staking their Ether on the beacon chain.
Why Avorak AI, SHIB Holders Put Forward Crypto Wallets Metamask and Trust Wallet
The world of cryptocurrencies has been growing and accelerated, with new coins and tokens being launched daily. Shiba Inu Coin and Avorak AI are two of the most popular cryptocurrencies in the market. They have gained much attention lately, and many holders are looking for secure and reliable ways to store their digital assets. This article will discuss three reasons why Shiba Inu and Avorak AI holders recommend Metamask and Trust Wallet crypto wallets.
Shiba InuShiba Inu Coin is a meme-based cryptocurrency that has gained a lot of attention in recent months. It was created in August 2020 and has since grown to become one of the most talked-about cryptocurrencies in the market. The coin’s popularity has been driven by its community, which promotes it on social media platforms.
Despite being a relatively new coin, Shiba Inu has already made significant gains in the market. In May 2021, the coin’s value increased by over 1,000% and has since maintained an impressive market capitalization. This has attracted a lot of new holders to the coin, who are looking for secure and reliable ways to store their digital assets.
The world of cryptocurrencies has been growing and accelerated, with new coins and tokens being launched daily. Shiba Inu Coin and Avorak AI are two of the most popular cryptocurrencies in the market. They have gained much attention lately, and many holders are looking for secure and reliable ways to store their digital assets. This article will discuss three reasons why Shiba Inu and Avorak AI holders recommend Metamask and Trust Wallet crypto wallets.
Shiba InuShiba Inu Coin is a meme-based cryptocurrency that has gained a lot of attention in recent months. It was created in August 2020 and has since grown to become one of the most talked-about cryptocurrencies in the market. The coin’s popularity has been driven by its community, which promotes it on social media platforms.
Despite being a relatively new coin, Shiba Inu has already made significant gains in the market. In May 2021, the coin’s value increased by over 1,000% and has since maintained an impressive market capitalization. This has attracted a lot of new holders to the coin, who are looking for secure and reliable ways to store their digital assets.
Crypto Critic Jamie Dimon Issues Warning on Inflation, Says Fed Likely To Raise Rates Higher Than Expected
JPMorgan CEO and crypto critic Jamie Dimon is issuing a warning on inflation and a potential incoming economic crisis.
In Dimon’s latest annual letter to JPMorgan’s shareholders, he says that the US’ largest bank is prepared for potentially higher interest rates, and higher and longer-lasting inflation.
JPMorgan CEO and crypto critic Jamie Dimon is issuing a warning on inflation and a potential incoming economic crisis.
In Dimon’s latest annual letter to JPMorgan’s shareholders, he says that the US’ largest bank is prepared for potentially higher interest rates, and higher and longer-lasting inflation.
Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks
The stranded customers of Voyager Digital got some relief earlier today after the bankrupt crypto lender indicated that it may start repaying them in the next few weeks. Voyager Official Committee of Unsecured Creditors recently took to Twitter to announce that the company was deliberating the final liquidation procedures.
Voyager Digital To File Final Liquidation Procedures On May 5According to a Twitter thread from Voyager’s Unsecured Creditors Committee, the bankrupt crypto lender and the committee is in the process of finalizing the liquidation procedures. The committee reminded its Twitter community that any plan for liquidating the firm’s assets are required to be filed before they come into effect. The liquidation procedure will lay out the details of the method by which creditors will receive the distribution from Voyager.
Once the liquidation procedures are filed parties will have ten days to express any objection to the plan. In the event that any party objects, the bankruptcy court will schedule a hearing to consider the objection before allowing the crypto lender to go ahead with the liquidation. In case no objections are filed, Voyager Digital’s distribution plan will come into effect.
The stranded customers of Voyager Digital got some relief earlier today after the bankrupt crypto lender indicated that it may start repaying them in the next few weeks. Voyager Official Committee of Unsecured Creditors recently took to Twitter to announce that the company was deliberating the final liquidation procedures.
Voyager Digital To File Final Liquidation Procedures On May 5According to a Twitter thread from Voyager’s Unsecured Creditors Committee, the bankrupt crypto lender and the committee is in the process of finalizing the liquidation procedures. The committee reminded its Twitter community that any plan for liquidating the firm’s assets are required to be filed before they come into effect. The liquidation procedure will lay out the details of the method by which creditors will receive the distribution from Voyager.
Once the liquidation procedures are filed parties will have ten days to express any objection to the plan. In the event that any party objects, the bankruptcy court will schedule a hearing to consider the objection before allowing the crypto lender to go ahead with the liquidation. In case no objections are filed, Voyager Digital’s distribution plan will come into effect.