Blockchain
Binance.US is preparing to acquire the assets of Voyager Digital for $1 billion
According to a new press release published On December 19, cryptocurrency exchange Binance.US will acquire the assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After reviewing the strategic options, the company said that Binance.US represents “the highest and best offering for its assets.”
The offer of $1.022 billion consists of the fair market value of Voyager’s cryptocurrency portfolio at a date to be determined in the future, along with an additional consideration equal to $20 million of additional value.
The Company’s claims against Three Arrows Capital remain with the bankruptcy property, and any future recovery of these and other unreleased claims will be distributed to the property’s creditors. Binance.US’s bid aims to return cryptocurrencies to customers in kind, subject to court-approved expenses and platform capabilities. .”
The transaction is scheduled to close by April 18, 2023. Binance has agreed to deposit $10 million in good faith and will reimburse Voyager for certain expenses up to a maximum of $15 million. A hearing by the Principal Bankruptcy Court to approve the purchase agreement will take place on January 5, 2023. In addition, the sale is subject to a creditor vote and other customary closing conditions.
Voyager paused withdrawals in July and filed for bankruptcy amid liquidity issues stemming from its exposure to a 650 million dollars for the default loan From the defunct hedge fund Three Arrows Capital. Cointelegraph Previously mentioned In October, cryptocurrency exchange FTX US secured an offer to buy Voyager’s assets for $1.4 billion. The earlier deal enabled major claims to be paid in full and allowed unsecured creditors to recover approximately 72% of their account value.
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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.
Key levels:
Resistance levels: $300, $310, $320
Support levels: $130, $120, $110 BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.
According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.
However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.
Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.
However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.
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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.
Key levels:
Resistance levels: $2.00, $2.20, $2.40
Support levels: $0.50, $0.30, $0.10 DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.
the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.
Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).
Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.
Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.
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Bancor Prediction Statistics Data:
BNT/USD market
Bancor Price Prediction: Bancor is preparing for an upward movement
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dYdX prediction stats data:
DYDX/USD Market
dYdX Price Prediction: DYDX is ready for an uptrend
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