Voyager Digital CEO Stephen Ehrlich says the company will be using Chapter 11 protection to begin restructuring the enterprise in a way that will maximize the value for its stakeholders.
Digital asset hedge fund Three Arrows Capital, which had been around since 2012, now appears to be dragging other industry names into its whirlpool.
News broke early this week that a British Virgin Islands court had ordered Singapore-based digital currency hedge fund Three Arrows Capital (3AC) into liquidation.
The name change is part of PayMaya's launch of its licensed digital lending platform, Maya Bank, and a new mobile app will also be launched as part of the rebrand.
The regulators filed a mix of show cause and cease and desist orders against Voyager, which replied by saying that its products haven’t violated securities laws.
The U.S. securities regulator believes that these companies offer products that should be regulated as securities, months after going after Coinbase for its Lend product.
Coinify will retain its brand and employees but will now be integrated into Voyager Digital’s investment platform.
Voyager has announced a deal to acquire Ethos, cementing the wallet and crypto trading relationship the two companies had already created.
The broker will list on the TSX exchange in Toronto, after acquiring the currently listed UC Resources.
Voyager will use smart order routing (SOR) technology that will give traders a “institutional-grade platform for trading a wide choice of popular crypto assets and manage all in one place.”
