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The Blow-up of 3AC - LTCM Without the Nobel Economists
26.7.2022
Benjamin Dean is the Director of Digital Assets at investment company WisdomTree in Europe.
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Read More: The Blow-up of 3AC - LTCM Without the Nobel Economists
World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News
26.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News
Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason
25.7.2022
Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users...
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry
24.7.2022
The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview,...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem
23.7.2022
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra...
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
22.7.2022
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located...
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
22.7.2022
“What we failed to realize was that Luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said
3 Reasons Why 3 Arrows Capital Failed, Per Its Founders
22.7.2022
There were at least three major factors that lead to the collapse of the fund, according to the founders of Three Arrows Capital (3AC) Su Zhu and Kyle Davies.
After five weeks in hiding, stating that they’ve gotten death threats, the founders spoke to Bloomberg, which described the duo as...
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
22.7.2022
The founders of defunct fund Three Arrows Capital have broken their silence in an interview with Bloomberg
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
21.7.2022
According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC)....
Bitcoin Pops Above USD 24K, Coinbase On Its Exposure to Celsius, 3AC, Voyager & Terra, ZIPMEX Zips Withdrawals + More News
20.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Pops Above USD 24K, Coinbase On Its Exposure to Celsius, 3AC, Voyager & Terra, ZIPMEX Zips Withdrawals + More News
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
20.7.2022
The crypto exchange denied exposure to the crypto lender and hedge fund that are both seeking bankruptcy protection
First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains
20.7.2022
Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; the second largest crypto by market cap has risen about 50% over the past week
Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy
19.7.2022
Based on one estimate in a document getting passed around by creditors, the Deribit stake is worth as much as $500 million. But legal complications and the recent crypto-market slump might make the stake worth significantly less
3AC allegedly liable for $2.8B in creditor claims
19.7.2022
The amount is likely understated as many of 3AC's borrowing details remain confidential
Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show
19.7.2022
The fund was also engaged as a “consultant for Moonbeam-based glimmer and Moonriver-based river tokens, court documents show
Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection
19.7.2022
TPS Capital claims it's independent of Three Arrows, but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms
Crypto Turmoil Latest: 3AC Creditor List Unveiled and Celsius Asks Creditors to ‘Go Long’ on Crypto
19.7.2022
With coin prices still very tentatively recovering and some even forecasting the end of crypto winter, optimists will hope that the darkest days of the crypto crunch are behind us – but things are still hot in the world of the bankrupt duo Celsius (CEL), a crypto lender, and Three Arrows Capital...
Genesis Global Issued $2.36B in Undercollateralized Loans to Three Arrows Capital
18.7.2022
Crypto lender Genesis lent $2.36 billion in loans to the now insolvent Singapore-based fund Three Arrows Capital