$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
Both Bybit and KuCoin, were found to violate securities laws. Charges of USD 2,000,000 and $96.5K have also been filed against KuCoin. KuCoin has been permanently barred from trading on the Ontario Stock Exchange (OSE) for violating securities laws. OSC announced the news in a press release issued not long
Major crypto exchanges are suspended due to Cloudflare outage. Popular internet services are also suffering from the existing issues. The Cloudflare team is fixing the ongoing issues for a smooth service. Cloudflare is a popular content delivery network which saves a lot of time routing to the most fast and
CoinMENA has already received two digital asset licenses. License would allow CoinMENA to make its services available to institutional investors. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a provisional virtual asset license to CoinMENA, a Bahrain-based digital asset exchange. The interim authorization enables CoinMENA to continue operating in Dubai
3AC in liquidation of $400 million. Transfers $90 million worth FTT on KuCoin. Refrains FTX from tracking its transactions. The Three Arrows Capital (3AC) has been facing quite tough times recently. Indeed, the entire crypto-based firms and institutions are undergoing the same pain. The Dubai-based crypto funding firm is under
