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di June 10, 2020 0

Voyager Increases Additional $ 2.1M Through Personal Placements

Voyager, a crypto brokerage company based in New York has made an announcement that it was able to collect an additional $ 2.1 million.

NEW YORK, 8 June 2020 / PRNewswire / - Voyager Digital Canada, Ltd. ("Voyager" or "Company") (CSE: VYGR; OTCQB: VYGVF; FRA: UCD2), a licensed crypto-public broker, public that provides investors with a turnkey solution for trading crypto assets, today announced it has received a subscription in connection with the placement non-mediated private sector ("Private Placements") for gross proceeds of C $ 2,896,888 million (US $ 2,161,282) through the sale and distribution of 14,484,440 units in the Company's capital (respectively, "Unit") at C prices $ 0.20 per Unit. Private Placement will be closed this week to accommodate the challenge of completion due to Covid-19.

These funds have been collected with the help of private placements and will help accelerate the company's growth. It has also been announced that the company will close private placements this week only. Investors included in the private placement are Jon and Pete Najarian, Susquehanna Government Products, Streamlined Ventures, and many others.

Jon and Pete Najarian are co-founders of the Market Uprising. The two Najarian brothers are quite active in the crypto community and they also plan to launch trading applications through Market Rebellion.

Voyager will use additional capital to pay off debts

It has been reported that this additional capital that has been collected through this private placement will be used for company growth.

Voyager will use this additional $ 2.1 million to repay company debts and this will automatically drive the company's development and growth. This will also help the company to increase its customer account base and this will be made possible through product development and marketing.

Voyager has also announced that they have signed debt settlement agreements with several of its employees. The company will pay off $ 103,112 in debt and this will be done by issuing around 515,560 shares at $ 0.20 per share.

The company recently issued interest rates for different coins

Stephen Ehrlich, CEO of Voyager said that he and his company are very happy to have great investors. This investor will help the company to accelerate its growth. Recently, the company also issued interest rates for various coins in mobile applications including Bitcoin, Ethereum and XRP.

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di March 12, 2020 0

New York’s Crypto Firms Will Provide Plans To Deal Covid 19 Outbreak


Matthew Homer of the New York State Department of Financial Services asked firms related to virtual currency to establish proper contingency plans for Covid 19.  In the letter, all the major things have been included that are must for preparations. There should be proper protection strategies for the employees. Accurate functioning should be there to reduce cyber risk. The plans need to be submitted within the next 30 days by all the firms.

Covid 19 outbreak could lead to cyber attacks


It has been highlighted in the letter that hackers might try to launch some cyber-attacks due to the outbreak. All the firms are directed to take ample security measures in order to prevent such attacks. There is a need to keep an eye on “illicit deals” and all the “withdrawals”.

Effective Communication plan


The regulator has said that firms need to develop proper communication plans. A forum needs to be established to communicate with the public including the customers and the counterparties.  All the important or urgent news and information should  be conveyed through this communication plan.

How firms might be affected by Covid 19


It has also been mentioned by the regulator that how the outbreak could affect the organisations.  There might be a decline in revenues, changes in the interest rate, decreased value of different investments and assets and a lot more. There is a need for an accurate plan to evaluate and observe the complete financial risk that might be there due to COVID-19.

By the time the letter was issued, there were already many circumstances that were leading towards emergency in New York.  Andrew Cuomo, the governor of New York has imposed restrictions on mass gatherings throughout the city. Simultaneously, a state of emergency has been declared by the mayor of the city, Bill de Blasio. In recent press conferences, he has also warned that the outbreak is not for a short period of time as it might be easily a crisis for six months or even more than that.
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