Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan

Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users. In a Monday blog, Voyager said it had roughly $1.3 billion in affected users’ funds in addition to $650 million of “claims against Three Arrows Capital” — referring to the 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan the firm failed to repay. According to Voyager’s proposed recovery plan…

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Comic-Con guru explains why storytelling is the key component for successful NFT projects

In the most recent episode, Comic-Con legend, Gareb Shamus discusses how he has used storytelling to build engagement and a “maker world” which grows and strengthens communities. What started off as a newsletter about comics, founder Gareb Shamus’ passion project, ultimately became known to the world as Wizard magazine. According to Shamus, Wizard magazine was the outlet in which he could “create a voice” and share with his friends about the things he had discovered and was excited about. Shamus touched on the importance of building elements of engagement and…

How a Presale Ethereum Wallet Containing 1000 ETH Was Recovered by KeychainX – Sponsored Bitcoin News

sponsored An Ethereum enthusiast contacted KeychainX a few months ago with a unique story. He was a part of the Ethereum pre-sale in 2014 and amassed a fantastic 1000ETH today worth about 4 million USD for a mere 300USD – an astonishing 13000x increase in value. The story began when Alex sent the KeychainX team a question about whether if the team dealt with damaged wallets. Alex suspected the wallet to be corrupt or the encryption to be wrong, as he had the password saved in Splash ID together with…

Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph.  In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets.  “Cycle after cycle, that floor of hodlers is higher, the amount of activity is higher,” Check said. Check also points out that shrimps, the entities who hold less…

Bitcoin risks new lows as $20K looms amid dollar euro parity

Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next support zone to hold Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to recover losses that had immediately followed the weekly close at $20,850. The pair had nonetheless locked in its best week’s gains since March, these nonetheless apt to unravel as market uncertainty lingered. For on-chain analytics resource Material Indicators, the level to watch was a…