Digits Club Weekly Summary
Is bear market the reason to stop giving value? We don’t think so! Check our YouTube videos for the most recent updates in the crypto space!
- Will KuCoin Freeze Withdrawals -Is Your Crypto Safe? [Crypto Market Review]
KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital’s collapse. The firm’s CEO has denied the claims, saying that “everything on KuCoin is operating well.” The development follows a wave of crypto firms halting customer withdrawals in response to extreme market conditions and the Three Arrows crisis.
The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.
- Is BitsCrunch The Solution To All Our NFT Problems? [DigitsClub IDO Review]
Is BitsCrunch the hottest new project to have an upcoming IDO? In this Video, you can join us as we explore if BitsCrunch successfully tackle these all the current issues in the NFT Marketplace?
- Celsius Network Repaying Its Debt — Will Withdrawals Be Enabled? [Crypto News]
Celsius Network has paid back US$142.8 million of its debt to Maker since July 1, data from DeFi Explore shows, as the embattled cryptocurrency lender looks to avoid a complete collapse.
Celsius has also laid off around 150 employees, or over 20% of its staff, Israeli media outlet Calcalist reported.
- Degen Town Stealth Mint — Backed By Sega? [DigitsClub Review]
Did you hear about the Degen Town Stealth Mint on Magin Eden? In this video, you can join the Digits Club as we review this mysterious project, that seems to be backed by likes of Sega and the creators of Sonic the Hedgehog.
- Voyager Digital Files For Bankruptcy — Can You Get Your Money Back? [Crypto News]
Crypto lender Voyager Digital filed for bankruptcy late Tuesday, becoming the second high-profile crypto firm to do so in recent days.
The Toronto-based Voyager filed for Chapter 11 bankruptcy protections Tuesday in the Southern District of New York, estimating that it had more than 100,000 creditors and somewhere between $1 and $10 billion in assets. It also recorded the same range for its liabilities. The company believes that “funds will be available for distribution to unsecured creditors,” according to the filing.
Voyager Digital Holdings, Inc., Voyager Digital, LLC and Voyager Digital Ltd. all filed for bankruptcy. Crypto companies — and lenders in particular — have faced solvency issues in recent weeks, with several stopping customers from withdrawing their funds. Celsius kicked off this trend last month, announcing in mid-June that it would suspend withdrawals. CoinLoan, CoinFLEX and Voyager itself all announced restrictions or outright halts on withdrawals in recent days.
- Dogecoin — Elon Musk Tweets. Huge Price Movement Coming? [Crypto Updates]
Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin (DOGE)
A Wednesday report from CNBC said the new payment option via BitPay surfaced on July 1, a day after the opening of its new Loop station at the Las Vegas Convention Center.
While The Boring Company has not officially confirmed the new payment method, founder Elon Musk seemingly did when he responded to a tweet about the news, saying: “Supporting Doge wherever possible.”
- Launchpad School — Tokenomics, Vestings, And More! [Digits Club AMA]
Want to learn the A-Z of Crypto Launcpads? In this video — you can join the Digitsclub as we continue our learning journey and discuss Tokenomics, Vesting, and much more.
- Celsius Pays Off Bitcoin Loan, Big Dump Coming? [Crypto Market Updates]
With Celsius settling its Bitcoin loan, will they unfreeze user withdrawals? In this video, you can watch Rik as he explores the newest developments in the CEL drama.
