The Federal Reserve and Federal Deposit Insurance Corporation sent a cease and desist order to Voyager Digital Thursday. It ordered the crypto lender to stop misleading its customers and remove all references about being insured by the government.
According to the agencies, Voyager shared “false and misleading” claims and references about being FDIC-insured on multiple occasions.
The regulators also gave Voyager two days to reply with a letter outlining all the steps the firm has taken to comply with the order.
Be[in]Crypto takes a look at on-chain indicators for Bitcoin (BTC), such as the Realized Price and Realized Profits-to-Value (RPV) Ratio.
What is the realized BTC price?
The realized price is an on-chain indicator that measures the price of BTC at the time it last moved.
Bitcoin miner revenues took a tumble over the last few months when the price had plummeted. It had dealt a massive blow to the miners whose primary revenue relied on the price of the bitcoin. As such, their activities had been stunted, and a good number risked going into bankruptcy.