City Arrow Financial News

08.12 / 23:37

Ethereum Investments Venture Capital Bitcoin Drop Countries and institutions move into crypto despite market drop: Report

The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX.

08.12 / 22:45

business Investments transactions BlockFi employees were discouraged from describing risks in internal communications: Report

Following BlockFi’s Chapter 11 bankruptcy filing at the United States Bankruptcy Court for the District of New Jersey, reports have surfaced about the crypto lending company’s risk assessment and management culture.

07.12 / 10:47

business regulation Court Bankruptcy Terra Luna 3AC subpoenas issued as dispute grows over claims of Terraform dump

A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.

04.12 / 13:59

Gemini Winklevoss Twins Digital Currency Group Crypto lender Genesis Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

02.12 / 22:53

business Law Bankruptcy hedge fund 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

02.12 / 22:37

regulation Social Media Bankruptcy blast Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.

02.12 / 18:55

Provident Platform Airlines Financial Denys Ustymenko - Financial Technology Entrepreneur Starts 1TN Crypto Project

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

30.11 / 21:17

business lending Digital Asset INX submits bid for Voyager Digital's assets

Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital.

29.11 / 17:51

BTC/USD Bitcoin Price Prediction Dash 2 Trade Calvaria Bitcoin Price Prediction as BTC Bounces From $16,000 – Can it Go Lower?

On November 29, the Bitcoin price prediction remained bearish under the $16,650 resistance level as the "Risk-off" sentiment continued to dominate the global financial markets. BlockFi is the latest victim of the FTX collapse, and it's a lender in the troubled cryptocurrency space that has filed for bankruptcy.

28.11 / 23:59

SEC Platform Action Bitcoin Luna Bitcoin Languishes Near $16K as BlockFi Bankruptcy Keeps Crypto Credit Contagion Concerns in Focus

US-based cryptocurrency lending and borrowing platform BlockFi, formerly one of the biggest in the cryptocurrency space, filed for Chapter 11 bankruptcy protection on Monday. The company indicated that it hopes to restructure and will continue operations for the time being.

28.11 / 15:17

Blockchain Ethereum Galaxy Digital Bitcoin Billionaire Mike Novogratz Says These Cryptos Are Here to Stay Despite Current Bear Market – Here’s What You Need to Know

Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, named two major cryptocurrencies among those that are here to stay despite the massive turbulence seen in the crypto market this year: bitcoin (BTC) and ethereum (ETH).

28.11 / 10:09

business Twitter Fraud Bankruptcy Three Arrow’s Su Zhu reveals latest attempts at a comeback post-FTX

Three Arrows Capital co-founder Su Zhu looks like he may be attempting a comeback amid the fallout over FTX and Sam Bankman-Fried — seen by some as the crypto industry’s newest supervillain.

25.11 / 19:17

markets business Disaster Disaster looms for Digital Currency Group thanks to regulators and whales

The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem is one of failure by regulators and gatekeepers.

25.11 / 17:09

business Law regulation FTX FTX’s collapse could change crypto industry governance standards for good

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

25.11 / 11:21

business Liquidity transactions Withdrawals CoinList addresses 'FUD' on withdrawals, cites technical issues for delays

Cryptocurrency exchange and Initial Coin Offering (ICO) platform CoinList took to Twitter to address “FUD” after a blogger tweeted that users reported being unable to withdraw funds for over a week, sparking fears the company was having liquidity issues or w insolvent.

23.11 / 23:21

Digital Digital Currency Group genesis Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know

Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG).

21.11 / 18:53

FTX BTC/USD Bitcoin Time Support Bitcoin Price Prediction as BTC Falls to $16,000 Support – Time to Buy the Dip?

During the European session, Bitcoin continued to trade sideways, but overall the trading bias remained positive above the triple bottom support area of the $15,800 level. Digital Currency Group (DCG), a key player in the cryptocurrency sector, announced Monday that it is the parent company of several well-known companies, including Genesis and Grayscale.

18.11 / 20:45

Digital Southern FTX ‘Serious Fraud and Mismanagement’ Occurred at FTX Says Bahamian Liquidators

Liquidators in the Bahamas working on the now-bankrupt crypto exchange FTX believe there was “serious fraud and mismanagement” occurring at the exchange, court documents have revealed.

18.11 / 17:07

Binance FTX Investment Binance is Preparing to Bid for Bankrupt Lender Voyager as FTX Drops Out

Binance.US, crypto exchange Binance’s American arm, is reportedly set for a bid to acquire crypto lending firm Voyager Digital, after FTX dropped out of the picture.

17.11 / 23:09

business Blockchain FTX Genesis Trading FTX and Alameda likely colluded from the very beginning: Report

According to a new report published by blockchain analytics firm Nansen on Nov. 17, bankrupt cryptocurrency exchange FTX was allegedly intertwined with that of crypto trading firm Alameda Research from the very beginning. Both entities were created by crypto businessman Sam Bankman-Fried, who is now being considered for extradition by U.S. authorities for his role in the collapse of the exchange.

17.11 / 16:45

Binance FTX Coindesk: Binance To Relaunch Bid To Buy Bankrupt Voyager Digital: Report

The crypto market is teetering after the collapse of FTX, which is seeking bankruptcy protection.

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