Now what will happen to the $1.3B deal with Voyager?

Saturday, May 6, 2023|

Thank you for coming back to Chain Reaction. It was earlier this week. The US broke off its $1.

There is a 3 billion deal to buy the assets of a broker. Nine months later, the announcement comes. The U was at the time. S.

In a Chapter 11 filing in the Southern District of New York, the firm and its two affiliates said they had between $1 billion and $10 billion in assets. Lawyers for the company said in a court filing that they have the rights to the $10 million deposit. The U owes a reverse-termination fee. S.

The exchange is based oncryptocurrencies. The hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community. The US said in a statement. This back-out is the latest problem for Voyager, which has been trying to raise capital through asset sales so it can repay its debts.

The company struck out with FTX, which agreed to buy the assets but then collapsed itself in November. Following the event. The company's Chapter 11 plan allows it to return cryptocurrencies and cash directly to customers through its platform after the US terminated the asset purchase agreement. We will return value to customers via direct distributions.

Next steps and any actions customers need to take in the coming days will be provided by us. OpenSea is going to help Web 2. Open Sea, one of the largest NFT marketplaces, allows users to buy and sell digital assets. The company is trying to appeal to other audiences like Web 2.

Shiva Rajaraman is OpenSea's chief business officer. There will be a public launch of the Phantom wallet on Monday, May 1st, which will support both the Ethereum and Polygon blockchains. M. The company exclusively told us about it.

The support for the two new blockchains was supposed to be in the first quarter of 2020. According to Brandon Millman, CEO and co-founder of Phantom, the multichain integration will be available to 3 million users. The SEC has filed a petition to compel the U. S.

The exchange firm said on Monday that it had filed a petition with the Securities and Exchange Commission asking if the SEC would allow the industry to be regulated using existing frameworks. Estate planning for your assets when you pass is one consideration often left ignored. Without a plan in place, these funds could be lost forever, since they are held in both hot and cold wallets and guarded by private keys. Herren said that the call to action was to do it.

Don't think you can't put a plan in place for your assets. This advice also applies to people with traditional assets. The testnet has been live since February and is a part of the plan for the mainnet launch in 2023. According to Jesse Pollak, the lead for Base and head of protocols at Coinbase, Base is planning for its mainnet launch in 2023.

Pollak said they are working hard on it. The rest of the year is about making sure we get there as quickly as possible. Jesse Pollak was interviewed for last week's episode. Base was launched in February of this year.

Pollak led all retail engineering at the company. Pollak started Clef, a 2FA mobile app, and was an engineer at BuzzFeed. A number of businesses have committed to building on Base. Blockdaemon, Chainlink, Quicknode, Aave, Animoca Brands, Dune, Nansen, Magic Eden, Pyth, Rainbow Wallet, Ribbon Finance, The Graph, Wormhole and Gelato are some of the companies that plan to be involved.

Pollak and I talked a lot about Base and where it is headed in the future, as well as how regulation could affect theBlockchain and the timelines for its mainnet launch. If you like what you hear, please leave a review if you subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite Pod platform to keep up with the latest episodes. Every Thursday at 12 p, you can get a digest of the biggest and most important stories from TechCrunch. M.

You can subscribe here. You can follow me on social media for breaking news. .