Binance to relaunch bid to buy bankrupt Voyager Digital
Binance. U.S, the US branch of the world’s largest cryptocurrency exchange is planning to make a bid for the insolvent loan platform Voyager Digital.
Binance. U.S, the US branch of the world’s largest cryptocurrency exchange is planning to make a bid for the insolvent loan platform Voyager Digital.
Firms that allow users to self-custody their cryptocurrencies, such as Ledger and Trezor, have experienced an increase in sales after FTX went bankrupt.
El Salvador’s President Nayib Bukele recently tweeted that the government will begin acquiring one Bitcoin every day starting on November 18th. Read CNL.
Temasek Holdings, a Singaporean state investor, said that it will write off the whole value of its $275 million stake in the collapsed crypto exchange FTX.
Sam Bankman-Fried has been dubbed the Bernie Madoff of crypto after his firm, FTX, was insolvent and its filing for chapter 11 bankruptcy on November 11.
FTX’s demise was dubbed a “travesty” by Citadel founder and CEO Ken Griffin, who also called out SBF for having strange ties to the Democratic Party.
Bitcoin miners have been compelled to use up some of their crypto reserves. This has been impacted by a drop in pricing, rising energy costs, and the ongoing crypto crisis.
Along with the collapse of competitor exchange FTX, Binance saw record volumes of withdrawals of Bitcoin, Ethereum, and stablecoins. Read CNL.
Influencers in the cryptocurrency sector have been advising that all funds be completely withdrawn from exchanges like Gate.io and Cex.io. Read CNL.
The CEO of Crypto.com asserted that the company would disprove any claims that the platform is in jeopardy, and that it has a strong balance sheet. Read CNL.
Binance, the crypto exchange behemoth, is creating an industry recovery fund to aid enterprises that are otherwise solid but are affected by the liquidity crisis.
Notably, the exchanges that gave off the appearance of being the most stable were actually among the first to crash.