If the insolvency sale is successful, Voyager clients could receive 72%.
Customers of bankrupt cryptocurrency lender Voyager may receive 72% of the value of their funds compromised if the business can be acquired by software product exchange FTX US.
The NFT market declined in Q3 while Bitcoin and the DeFi space saw great traction.
The most current data suggests that even though cryptocurrency experienced a big market collapse in Q2 2022, the digital currencies achieved some relative progress in Q3 despite the ongoing unfavorable market conditions. This is according to the third-quarter report published by data platform CoinGecko.
Top Brands in Web3, NFTs and the Metaverse
Some of the most well-known companies in the world, including Tiffany, Budweiser, and Nike, are staking large sums of money on NFTs and other Web3 initiatives.
Reddit Users Open 2.5 Million Crypto Wallets After Launch of NFT Marketplace
Since the NFT marketplace started in July, 2.5 million of the 3 million users who have opened Reddit Vault Wallets have done so.
Voyager, an insolvent cryptocurrency lender, intends to resolve claims of CEO and CFO negligence.
In accordance with court documents submitted on Monday, Voyager Digital seeks to negotiate with two of its best staff after an internal inquiry into how it processed loans issued to the cryptocurrency hedge fund Three Arrows Capital (3AC).
Celsius Network, a struggling cryptocurrency lender, is paying $3 million in legal costs.
The embattled cryptocurrency lender Celsius has reportedly spent more over $3 million on legal fees, according to the most recent development. Additionally, the letter filed last Friday claims that between July 13 and July 31, Kirkland & Ellis charged Celsius $2.6 million in legal fees. The same paper asserts that Akin Gump, a different lawyer, bill the cryptocurrency lender $750,000.
More than volatility, Bitcoin's volume dominates performance, according to Cumberland.
Given that the daily settling of BTC derivatives on cryptocurrency exchanges totals approximately $50 billion, Cumberland underlined that the quantity of Bitcoin "remains extraordinarily big." According to the business, daily cryptocurrency trading could reach at least $100 billion, or about 15% of U.S. stocks.
Bitcoin Must Maintain a Price Above $19,200 to Reduce Downward Pressure
After falling to a low of $18.3K after the October 13 publication of the U.S. inflation statistics, Bitcoin (BTC) has renewed pace and climbed past $19K.
In Sweden and France, Ripple is introducing on-demand funding solutions.
Ripple, a forerunner in blockchain and cryptocurrency enterprise applications, has created On-Demand Liquidity (ODL) solutions in France and Sweden to provide frictionless and immediate cross-border payments.
DeFi TVL Rebounds to $54 Billion, with MakerDAO Headquartered on Ether Remaining the Dominant Borrow
The total value locked (TVL) in decentralized finance (DeFi) systems has risen to $54 billion, according to recent statistics from online tracking DeFi Llama.
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