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BlockFi Outlines Acquisition Path With FTX U.S.
BlockFi Outlines Acquisition Path With FTX U.S.
News  •  Bitcoin  •  Jul 02, 2022 by Philipe F

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

Voyager Digital Suspends All Trading, Deposits, and Withdrawals
Voyager Digital Suspends All Trading, Deposits, and Withdrawals
News  •  Bitcoin  •  Jul 01, 2022 by Deniz Saat

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

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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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
BlockFi Outlines Acquisition Path With FTX U.S.
BlockFi Outlines Acquisition Path With FTX U.S.

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

News  •  Bitcoin  •  Jul 02, 2022
Voyager Digital Suspends All Trading, Deposits, and Withdrawals
Voyager Digital Suspends All Trading, Deposits, and Withdrawals

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

News  •  Bitcoin  •  Jul 01, 2022
First Spot Bitcoin ETF in Europe to Launch in July
First Spot Bitcoin ETF in Europe to Launch in July

As per the recent press release, Jacobi Asset Management will be launching the first Bitcoin spot ETF in Europe by July, although the exact date is unknown as of now. The ETF received regulatory approval in October 2021 by Guernsey Financial Services Commission (GFSC). It will have an annual management

News  •  Bitcoin  •  Jun 30, 2022
21Shares Announces a Low Fee Bitcoin ETP
21Shares Announces a Low Fee Bitcoin ETP

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market. The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the

News  •  Bitcoin  •  Jun 30, 2022
FTX To Buy Distressed BlockFi at Insane Discount
FTX To Buy Distressed BlockFi at Insane Discount

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

News  •  Business  •  Jun 30, 2022
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay

The Treasury Department and Internal Revenue Service are likely to delay a January date for the firms to begin tracking data such as customers’ capital gains and losses, according to people familiar with the matter and who asked not to be named at this time. The move would mean that

News  •  Bitcoin  •  Jun 29, 2022
A Closer Look at Circle’s USDC Operation and Possible Failure
A Closer Look at Circle’s USDC Operation and Possible Failure

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

News  •  Markets  •  Jun 29, 2022
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