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Cryptocurrency: Binance US to buy Voyager Assets allowed to move forward.

By TwoDogsCaged | TwoDogsCaged | 11 Jan 2023


Binance is getting bigger!

From what I understand, Binance is the world's largest cryptocurrency exchange (let me know if this is not true). It is only getting bigger. Apparently, Voyager Assets had initially agreed to sell itself to FTX. I think we all know by now what happened to FTX!

The details are outlined here: https://www.coindesk.com/business/2023/01/10/binance-cleared-to-buy-crypto-lender-voyager-out-of-bankruptcy-reuters/

A judge recently allowed this deal to move forward. It still has some further hurdles to overcome before the deal can be ultimately finalized. There is a hearing in March of 2023, and Voyager Assets creditors need to approve the deal as well.

I am writing about this, as it has been a recent theme I have been thinking about. The cryptocurrency space needs to "get right." If those who had used Voyager Assets can feel confident and safe regarding the future of their investments, this is a long term win for cryptocurrency as a whole.  People will come back to, and new people will flock to cryptocurrency if there is a general sense of safety regarding investing in the space.  

I think this is another step in the right direction. We will see if this, along with other things that are happening will lead to the next great bull run soon, or will it take months or years yet.  

I am enjoying the ride and learning about cryptocurrency.

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TwoDogsCaged
TwoDogsCaged

Cryptocurrency is a fascinating idea, one that has many confused, scared and dismissive of the concept. However, it also is intriguing and likely a large part of the future.

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