By now everyone is aware of the Three Arrows Capital (3AC) debacle. The fund somehow managed to fumble away a total of at least $3.5 Billion from 33 lenders. Court details of the liquidations of the creditors were leaked on July 18th but have been currently taken down.
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Celsius, a crypto lending firm that had more than $8 billion in loans to clients and about $12 billion in assets under management in May, has just filed for Chapter 11 proceedings in the state of New York. As of now, the company revealed it has around $167 million dollars
Zipmex becomes yet another cryptocurrency company that is troubled by the current market conditions. Zipmex, a Singapore-based cryptocurrency exchange that operates in Thailand, Indonesia, and Australia, has released an official statement that the company will be pausing withdrawals.
The message below was announced from the Zipmex Twitter account explaining the
Zipmex becomes yet another cryptocurrency company that is troubled by the current market conditions. Zipmex, a Singapore-based cryptocurrency exchange that operates in Thailand, Indonesia, and Australia, has released an official statement that the company will be pausing withdrawals.
The message below was announced from the Zipmex Twitter account explaining the
By now everyone is aware of the Three Arrows Capital (3AC) debacle. The fund somehow managed to fumble away a total of at least $3.5 Billion from 33 lenders. Court details of the liquidations of the creditors were leaked on July 18th but have been currently taken down.
A
Celsius, a crypto lending firm that had more than $8 billion in loans to clients and about $12 billion in assets under management in May, has just filed for Chapter 11 proceedings in the state of New York. As of now, the company revealed it has around $167 million dollars
On Tuesday July 5th, 2022 Voyager Digital announced how the company would attempt to make their retail creditors whole again after lending to Three Arrows Capital (3AC). 3AC is a crypto fund giant that blew up about $18 billion at its peak, borrowing from CeFi lenders like Celsius, BlockFi, and
PostFinance is the fifth largest financial services bank in Switzerland while also serving as the banking arm for the country’s post office. The company announced that they will be offering 2.69 million of their customers the option to buy, sell, and hold Bitcoin by the year 2024.
Despite
Digital assets financial services company, EQONEX, has released a new product to the market that may excite large German investors who were waiting for a regulated way to buy Bitcoin. According to the press release, EQONEX has started offering a physically-backed Bitcoin ETN (exchange-traded note) on the Deutsche Borse XETRA
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
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.
