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.

Blockchain.com is the latest victim in the Three Arrows Capital (3AC) fallout as the exchange stands to lose up to $270 million based on the company’s latest shareholder letter. 3AC is currently undergoing liquidations in the British Virgin Islands and is being handled by partners from Teneo Restructuring,

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,

On July 6th, 2022, Voyager Digital announced that the cryptocurrency brokerage firm is filing for Chapter 11 bankruptcy. This was done as a “a voluntary Chapter 11 process to maximize value for all stakeholders.” Additionally, all of Voyager Digital’s main subsidiaries “filed voluntary petitions for reorganization under Chapter 11”

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

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

Crypto trading and lending firm, Blockfi, announced on July 1st, 2022 a deal with FTX U.S. that would provide the firm with a $400 million revolving credit line that outlines the path to an acquisition. The agreement is now subject to shareholder approvals which would provide FTX an option

On July 1st, 2022 Voyager announced that the crypto-only brokerage is temporarily suspending trading, deposits, withdrawals, and loyalty rewards for all customers until further notice. CEO Stephen Ehrlich stated that the decision was made in order to provide Voyager with “more time to continue exploring strategic alternatives with various interested