This Week in Startups Crypto Updates: Voyager files bankruptcy, Celsius pays debt, + Jason Q&A | E1501
Jul 7, 2022
Dive into the latest in crypto as Voyager Digital hits bankruptcy and Celsius manages to pay down significant debt. Tune in for a lively Q&A with Jason, where he tackles pressing questions about Shark Tank-style opportunities and the balance between user growth and profitability. Unravel the implications of counterparty risks in the volatile crypto market and explore the importance of commitment for startup success. Plus, insights into personalized health solutions for high achievers and innovative podcast concepts keep the discussion engaging!
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Voyager Bankruptcy
- Voyager Digital filed for bankruptcy, following 3AC.
- Voyager operated as both a crypto exchange and a lending business.
Counterparty Risk
- Voyager's bankruptcy reveals counterparty risk in crypto lending.
- Many creditors are average people who traded on the platform, highlighting the widespread impact.
Celsius Troubles
- Celsius, another crypto lender, paused withdrawals and faces investigations.
- They paid down debt, highlighting the interconnectedness and risks within the crypto market.