Categories
Crypto NFT Daily News

Crypto News Daily – Crypto Lender Firm Voyager Files Bankruptcy!

Crypto News Daily: The Toronto-based Crypto lending platform Voyager has over 100,000 creditors, according to its estimates. Voyager collectively owes them $1 billion, but there’s more!

  • Voyager Digital released a statement yesterday stating its position to file for bankruptcy.
  • The crypto lending platform had suspended all crypto withdrawal services in the past week.

» Voyager Digital Files Bankruptcy, Owing Creditors +$1 Billion!

The Canada-based Crypto Lending platform Voyager was already down under after the crypto LUNA market crash. Subsequently, the yearly lowest crypto market crash following the incident saw its users withdraw vast amounts of capital. Such events have culminated in the firm needing capital, especially after the defaulting of a loan by Three Arrows Capital.

  • Voyager Digital estimates it owes $10 billion in crypto-assets and similar liabilities in its July 5th Chapter 11 Bankruptcy Report.
  • The Chapter 11 procedures have put a hold on civil litigation matters, allowing the company to be functional while allowing it to prepare turnaround plans.

» More Crypto News Daily!

→ Two US States – Utah & Colorado Shelve Plans to Accept Tax in BTC!

The states initially planned to allow citizens to pay tax bills via cryptocurrencies. However, the Crypto market crash has shelved such plans, so the citizens no longer have an opportunity to put their degraded cryptos to good use.

  • Revenue Departments were slated to accept Crypto payments for tax bills within two months.
  • The crypto-payment bill (S.B. 1275) has been dubbed ”financially irresponsible” by Betty Lee, California’s state controller.

Samuel Armes, president of the Florida Blockchain Business Association, earlier mentioned that states want to appear friendly to the crypto industry as it brings business and innovation. Hence, states will attempt to push policies that align with welcoming such businesses, tech, and talent.

crypto news daily

→ MiCA EU Regulations Establishes a 1,000-EUR Privacy Threshold!

The long-awaited MiCA framework will complement the existing AML rules, envisioning financial stability & investor protection.

  • The Economic and Monetary Affairs Committee assigns ESMA power to ban or restrict crypto companies based on compliance matters.
  • Crypto Exchanges must report all transfers exceeding the 1000-EUR limit to ESMA. Otherwise, face potential bans.

Crypto Sale Today – July 6th, 2022

On the global crypto market, the top cryptocurrencies prices or crypto today reflect the following figures:

crypto news daily
  • (BTC) Bitcoin
    • Average Price: $20,127
    • 24h: – 0.79% ↓
  • (ETH) Ethereum
    • Average Price: $1,134.97
    • 24h: – 1.99% ↓
  • (BNB) Binance Coin
    • Average Price: $234.65
    • 24h: + 0.48% ↑
  • (XRP) Ripple
    • Average Price: $0.3219
    • 24h: – 1.79% ↓
  • (ADA) Cardano
    • Average Price: $0.4585
    • 24h: – 1.51% ↓
  • (SOL) Solana
    • Average Price: $35.82
    • 24h: + 0.05% ↑

Leave a Reply

Your email address will not be published.