Genesis CEO, Michael Moro posted a tweet thread revealing their cover on the Three Arrows Capital (3AC). Previously in June, Genesis declared that a major participant was unable to repay the margin and they have dealt with it accordingly. 1/ As part of our goal in providing transparency to the
According to reports, Kirkland and Ellis LLP are representing the company. More than 100,000 people were creditors to the company. Several projects have failed as a result of the current market downturn. Recently, the firm put all crypto trading, deposits, and withdrawals on hold. The company filed for Chapter 11
H2O Water Securities focuses on water problems. Established H2O Water Network and H20N token. GEM Digital invests $150 million for the platform. Cryptocurrency is indeed playing a major role in the current world. Though crypto has entered into all possible dimensions and sectors available, this is the first time, it
CoinShares is the first platform licenced with AIFM On July 4 nearly $200 million was pulled from the Vauld platform CoinShares, the European largest digital asset investment platform July 4, Monday, announced that they have acquired Napoleon assets management with approval from Autorité des Marchés Financiers (AMF), and it is
$250 million assets under management (AUM) restriction was breached twice. A slew of companies have come out to reveal their 3AC exposure. According to a notification issued by the Monetary Authority of Singapore (MAS) today, Three Arrows Capital (3AC) furnished the regulator with “false information.” The MAS has stated that
Teneo Restructuring will provide assistance in the process. Crypto broker Voyager Digital also revealed $661 million in exposure to the fund. According to Sky News, a court in the British Virgin Islands has ordered the liquidation of the Singapore-based crypto firm Three Arrows Capital (3AC). Teneo Restructuring, according to the
Iowa residents can trade stablecoins in the state with help of BlockFi. BlockFi Reduced its workforce by 20% this month. On June 28, BlockFi a crypto lending platform based in Jersey announced that it has received a money service license in Iowa, just two weeks after being fined by Iowa
Coins like Dogecoin and Ethereum have been on the platform for a long time. Chainlink’s price remains 86.75% below its all-time high of $52.88. This year saw the widespread acceptance of cryptocurrencies. One of the most well-known and popular trading platforms, Robinhood, included many new cryptocurrencies. FTX crypto exchange has
Voyager said that it had asked for a partial $25 million USDC repayment by June 24. Alameda has already given Voyager a line of credit to keep solvent. After pledging to prosecute cryptocurrency hedge fund Three Arrows Capital (3AC) for unpaid debt, Voyager Digital has followed through. To put it
In October, the SEC approved a Bitcoin futures ETF. It is now possible to buy and sell 1/100th of a Bitcoin at a time. Coinbase, the biggest U.S. exchange by volume, will provide crypto futures to retail investors on its new Derivatives Exchange platform beginning Monday. $3 Trillion Crypto Derivatives
