welcome back everybody to altcoin daily what the f is going on in the cryptocurrency industry in
today's video I'm going to clue you in different news stories that you need to have on your radar
if your cryptocurrency investor if you are a cryptocurrency Enthusiast this is why you
subscribe to the channel check the timestamps below we'll start right here Bitcoin slides
below twenty thousand dollars after breaking above twenty thousand dollars just hours
before this is with the S P 500 breaking down showing weakness showing overall correlation
this is how it played out in real time up then down up and down shaking out the weak
hands in the cryptocurrency space shaking out the Bad actors in this space nashinski is out
today CEO of Celsius has resigned Alex machinski submitted a letter of resignation to the troubled
crypto Lander Tuesday let's go to CNBC for the details Celsius is more this morning announcing
he's quote very sorry about the difficult Financial circumstances members of our
community are facing Regulators are paying very close attention to this space late yesterday we
also reported that eight states are bringing actions Against The Lending platform nexo for
offering unregistered interest bearing accounts those offered 36 percent interest in some cases
nexo says that it's working with regulators and really tried to separate itself from some
of the other lenders it didn't offer offer uncollateralized loans or freeze withdrawals
and says it had no exposure to the now defunct cryptocurrency Tara and Luna this is part of the
greater story as well that nexo similar company to Celsius nexo hit with cease and desist orders
from eight U.S states the company's earn interest product is considered an unregistered security by
authorities who want it stopped but just to finish up with Celsius and machinski this
is perhaps the biggest story of the a day how did we get to Alex machinski resigning
as Celsius CEO well comes after Celsius filed for bankruptcy in July now that he has resigned
this is what he has to say I elected to resign my post as CEO of Celsius today nevertheless I
will continue to maintain my focus on working to help the community unite behind a plan that
will provide the best outcome for all creditors which is what I have been doing since the company
filed for bankruptcy machinski added that he was very sorry about the financial struggles Celsius
customers are facing in the Fallout after its collapse earlier this year was sorry we're sorry
sorry
we're sorry sorry another shake-up for the cryptocurrency industry cryptocurrency exchange
FTX has beat binance winning the bid to buy out bankrupt Voyager digital for 1.4 billion FTX
scooped up Voyager digital's remaining assets for a whopping 1.4 billion during the crypto
Brokers bankruptcy auction after multiple rounds of bidding FTX has won the battle to buy Voyager
out of bankruptcy I'm told by a source that the crypto exchange binance was the runner-up here
the deal is valued at 1.4 billion dollars most of that is for voyagers assets and it marks Sam
bankman Freed's latest crypto bailout this year and his second attempt at buying Voyager the
lender snubbed a joint offer from bankman Freed's companies Alameda and FTX back in July calling it
a lowball bid dressed up as a white knight rescue bankmanfree told me in an interview
that he was surprised by that and said it was because there were no Consulting fees involved
Voyager was one of a handful of companies that froze customer funds and filed for bankruptcy
this summer Voyager digital has accepted ftx's exchange 1.4 billion bid to be bought out beating
out binance and wave Financial in a race to buy the bankrupted firm quote from the press release
Voyager received multiple bids contemplating sale and reorganization Alternatives held an auction
and based on the auction's results has determined that the sale transaction with FTX is the best
alternative for Voyager stakeholders another amazing one-two punch for the cryptocurrency
industry a Big Win For polygon a big win for web 3 users and the biggest win for Robinhood users
Robinhood Taps ethereum L2 polygon for its web 3 wallet beta launch let's find out some details
Robin Hood announced the launch of its beta web3 wallet giving 10 000 wait listed customers the
ability to participate in the wallet's testing phase the application which is solely available
on Apple mobile devices will let users trade crypto with reportedly no network fees as well as
earn yield by connecting with other decentralized applications the dapps according to robinhood's
CTO the Robinhood web3 wallet strips away some of the complexities of web3 to make crypto more
accessible to everyone Robin Hood said that the decision to select polygon as their exclusive
blockchain partner centered around the Network's scalability speed low Network fees and robust
developer ecosystem The Firm noted that they will eventually become a multi-chain wallet that
supports a wide number of blockchains speaking of multi-chain speaking about about the future of
this space Cosmos Hub drops atom 2.0 white paper to bullish Fanfare the highly anticipated document
the atom 2.0 white paper provides a multi-year vision for the entire Cosmos ecosystem so tldr
what are the key takeaways leading members of the cosmos Community share their white paper
for Cosmos Hub today the white paper advocates for reducing atom issuance to 0.1 percent and
creating three major new structures for Cosmos Hub the proposed changes would probably turn Adam into
the cosmos ecosystems Reserve currency if you're a cosmos fan tell me your initial thoughts on this
big announcement speaking about the future of this space retail giant Walmart enters the metaverse
with Walmart land and universe of play on Roblox Walmart has entered the metaverse with the launch
of Walmart land in Walmart's Universe of play on Roblox the metaverse gaming platform has
52.2 million daily active users and 11.3 billion engagement hours quote our customers are spending
loads of time there said a Walmart executive so Walmart land what is it it'll feature a virtual
store of merchandise for avatars a physics-defying ferris wheel and unlockable tokens and badges that
can be earned in various games and competitions Walmart's Universe of play will have the year's
best toys the retail giant described the Roblox Community can explore different toy worlds to
earn coins for cool virtual Goods or complete epic challenges to build a personal trophy case
unlock secret codes and more so Walmart and Roblox metaverse millions of hours of
Engagement billions in fact with millions of users we will be in Dubai at the future block
chain Summit so you should go to the Future blockchain Summit and see us speak and hang
around and also there's a Dubai crypto party with us and some other people I'll leave a
link to this in the comments below October 10th through 13th later guys see you tomorrow