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Three Arrows Capital Contagion Infects Genesis Global Trading
Three Arrows Capital Contagion Infects Genesis Global Trading
News  •  Bitcoin  •  Jul 08, 2022 by Philipe F

Digital assets broker Genesis Global Trading revealed on Wednesday that it had exposure to now bankrupt Three Arrows Capital (3AC). CEO Michael Moro said in a Twitter thread that Genesis sold its collateral and hedged its downside once they discovered that 3AC failed to meet a margin call in June.

Bitcoin Policy Institute Submits Letter to U.S. Department of Commerce
Bitcoin Policy Institute Submits Letter to U.S. Department of Commerce
News  •  Bitcoin  •  Jul 08, 2022 by CJ

The Bitcoin Policy Institute (BPI) submitted a formal letter to the US Department of Commerce on July 4th. The letter was in response to a request for comments from the public on Bitcoin, cryptocurrencies, and digital assets within the United States. The 26-page document was written by David Zell in

Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?
Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?

Derivatives exchange CoinFLEX has made headlines recently after first freezing funds for account holders and then for revealing that Roger Ver, a widely known B-Cash advocate, owed the platform $47 million in collateral. Co-founders Sudhu Arumugam and Mark Lamb have recently released an update on the company’s current state

News  •  Bitcoin  •  Jul 09, 2022
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Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?
Is Roger Ver on the Hook for Double the Money CoinFLEX Needs?

Derivatives exchange CoinFLEX has made headlines recently after first freezing funds for account holders and then for revealing that Roger Ver, a widely known B-Cash advocate, owed the platform $47 million in collateral. Co-founders Sudhu Arumugam and Mark Lamb have recently released an update on the company’s current state

News  •  Bitcoin  •  Jul 09, 2022
Three Arrows Capital Contagion Infects Genesis Global Trading
Three Arrows Capital Contagion Infects Genesis Global Trading

Digital assets broker Genesis Global Trading revealed on Wednesday that it had exposure to now bankrupt Three Arrows Capital (3AC). CEO Michael Moro said in a Twitter thread that Genesis sold its collateral and hedged its downside once they discovered that 3AC failed to meet a margin call in June.

News  •  Bitcoin  •  Jul 08, 2022
Bitcoin Policy Institute Submits Letter to U.S. Department of Commerce
Bitcoin Policy Institute Submits Letter to U.S. Department of Commerce

The Bitcoin Policy Institute (BPI) submitted a formal letter to the US Department of Commerce on July 4th. The letter was in response to a request for comments from the public on Bitcoin, cryptocurrencies, and digital assets within the United States. The 26-page document was written by David Zell in

News  •  Bitcoin  •  Jul 08, 2022
Bitcoin and Crypto Owners Banned From Working on U.S. Government Crypto Policies
Bitcoin and Crypto Owners Banned From Working on U.S. Government Crypto Policies

U.S. officials who are invested in Bitcoin and other cryptocurrencies are now disqualified from working on Bitcoin or cryptocurrency policies and regulations in order to avoid affecting the value of the assets they hold. A new legal advisory notice was issued by the U.S. Office of Government Ethics

News  •  Bitcoin  •  Jul 07, 2022
Samson Mow Debunks Pentagon-backed Bitcoin Report
Samson Mow Debunks Pentagon-backed Bitcoin Report

According to Samson Mow, CEO of JAN3, a report released last month by Trail of Bits, a security firm based in New York City, contains a number of flaws and false assumptions about Bitcoin. The report named “Are Blockchains Decentralised? Unintended Centralities in Distributed Ledgers” looks at topics such as

News  •  Bitcoin  •  Jul 07, 2022
Core Scientific Sold the Majority of Its Bitcoin Holdings
Core Scientific Sold the Majority of Its Bitcoin Holdings

Core Scientific, led by CEO Mike Levitt, has sold a large portion of their Bitcoin holdings to cover payments toward ASIC machines, make additional capital investments, and pay down some of their debt. The company says it plans to continue selling their self-mined bitcoins for these purposes. Key metrics: * 7,

News  •  Bitcoin  •  Jul 06, 2022
Exclusive Bitcoin Credit Card Launched in the UAE
Exclusive Bitcoin Credit Card Launched in the UAE

According to a press release, the Bitcoin and cryptocurrency world have just witnessed the release of one of the most exclusive Bitcoin cards available. The VIP Bitcoin and crypto credit card, known as “Bitcoinblack” issued by Bitcoinblack and Visa, is going to be available to only 10,000 people where

News  •  Bitcoin  •  Jul 04, 2022
Three Arrows Capital Collapses and Files For Bankruptcy
Three Arrows Capital Collapses and Files For Bankruptcy

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in order to protect its U.S. assets. Currently a liquidation is taking place for the company in the British Virgin Islands after a court order from a judge. This occurred after claims that 3AC failed to

News  •  Business  •  Jul 02, 2022
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