Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Three Arrows ‘Mess’ & Babel’s Losses, Ethereum’s Testnet, Bitcoin’s Defense, NFT ETF Zone + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Benjamin Dean is the Director of Digital Assets at investment company WisdomTree in Europe. __________… Read More: The Blow-up of 3AC – LTCM Without the Nobel Economists Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview, and noted that he was willing to deploy “hundreds of millions beyond what…
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On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra UST and LUNA fallout wreaked havoc on the entire crypto ecosystem and the stablecoin economy. Moreover,…
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There were at least three major factors that lead to the collapse of the fund, according to the founders of Three Arrows Capital (3AC) Su Zhu and Kyle Davies. After five weeks in hiding, stating that they’ve gotten death threats, the founders spoke to Bloomberg, which described the duo as “at times contrite and at…
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Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The Nasdaq-listed cryptocurrency exchange…
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According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC).
Blockchain.com Lays Off 150 Workers Citing Crypto Winter Conditions
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Bitcoin Pops Above USD 24K, Coinbase On Its Exposure to Celsius, 3AC, Voyager & Terra, ZIPMEX Zips Withdrawals + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The amount is likely understated as many of 3AC’s borrowing details remain confidential. According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be…
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