Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers

Crypto Lender Voyager Ordered by US Regulators to Stop Misleading Customers

“Voyager has made various representations online, including its website, mobile app, and social media accounts, stating or suggesting that: (1) Voyager itself is FDIC-insured; (2) customers who invested with the Voyager cryptocurrency platform would receive FDIC insurance coverage for all funds provided to, held by, on, or with Voyager; and (3) the FDIC would insure … Read more

Crypto Companies Struggle With Layoffs but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

Crypto Companies Struggle With Layoffs but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike

Bitcoin was recently trading at about $22,900, up over 8% for the past 24 hours. The largest cryptocurrency by market capitalization has mostly lingered between $21,000 and $23,000 for much of the past 10 days. Ether was recently changing hands just above $1,600, up more than 15% over the same period. Other major cryptos spent … Read more

Outside Magazine Wants the Metaverse to Take a Hike

Outside Magazine Wants the Metaverse to Take a Hike

He calls it the “Outerverse”: A platform where hikers, bikers, runners, skiers – outdoor-doers the world over – can earn rewards for tracking their real-life activity atop crypto rails. Skiers, for example, could unlock chances at a heli-skiing expedition, Zoom calls with famous photographers, perhaps Warren Miller movie tickets  – definitely non-fungible tokens (NFT) – … Read more

Is the Ethereum ‘Merge’ Driving This Rally?

Is the Ethereum ‘Merge’ Driving This Rally?

“There’s going to be virtually no sell pressure when the Merge happens. Everyone who’s staking is locked up, everyone remaining with their money in stETH is holding until it repegs, anyone who had their money on Voyager or Celsius is locked in bankruptcy proceedings for 5-10yrs,” crypto commenter Ethereum Jesus tweeted, referring to the bankruptcy … Read more

Bitcoin Dips Below $21K; Why the Current Bear Market Differs From 2018

Bitcoin Dips Below $21K; Why the Current Bear Market Differs From 2018

“The environment in the current crypto ecosystem vastly differs from the heyday of ICOs in 2018,” Singapore-based Danny Chong, co-founder of DeFi protocol Tranchess, told CoinDesk. “Market maturity has driven the need to establish stronger technological foundations to be laid which have enabled exchanges and DeFi protocols to provide a variety of products, with lending, … Read more

Celsius Acknowledges $1.2B Hole in Balance Sheet

Celsius Acknowledges $1.2B Hole in Balance Sheet

The document, which was filed to the U.S. Bankruptcy Court of the Southern District of New York, shows that Celsius holds $4.3 billion of assets and $5.5 billion of liabilities. In its list of assets, Celsius claimed it has about $600 million in its CEL token. However, the company noted in the filing the total … Read more