The Voyager has halted its operation from July 1, 2.00 PM ET. The 3AC has a default of around $646 million to Voyager, in terms of BTC and USDC. Another crypto firm got halted this week, Voyager Digital LLC platform officially declared its halting on July 1 by publishing an
$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
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
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
The total sum being discussed has not been made public yet. The company sold its stake in 3AC and reduced 20% of its personnel this month. Wall Street Journal reports that well-known cryptocurrency exchange FTX is planning to buy a stake in lending company BlockFi. It seems that talks between
Bitcoin reached a new low from December 2020. The whole crypto market lost over 70% of its value. A Bearish trend in the crypto world yet ended as a result of this, most dominant cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) reached a new low in 18 months. BTC touched the
NEXO dips 40% in 3 days. Nexo denies any partnership with Three Arrows Capital (3A). NEXO ought to bounce back once the market crisis is over. It’s so far been more than five days since the market crash started once again, and yet still persists. Moreover, it seems this condition
Cardano treasure holds 900M ADA and spent 27M on Project Catalyst. The price of ADA is $0.6478 with 10% growth at present. The Cardano treasury has confirmed that they had an account of 900M ADA which was valued to be 500M USD. Also, they have made statements on the expenditure
Earlier this week, Terra completed a $176 million acquisition. LFG purchased Avalanche (AVAX) coins for $100 million last week. Announcing the purchase of another $100 million in Bitcoin, Terraform Labs co-founder Do Kwon took to Twitter. 42,406 Bitcoins worth $1.7 billion are presently in the LFG’s Bitcoin wallet. Earlier this
Global crypto market capitalization stood at $1.97 trillion. Bitcoin is up 0.33% in the last 24 hours. Over the weekend, the crypto market continued to decline as investors became more pessimistic about an early Federal Reserve rate rise. However, on Monday, the digital token cart recovered some of its losses.
