City Arrow Financial News
16.11 / 18:03
business
Blockchain
Grayscale
Withdrawals
Crypto lender Genesis
Breaking: Crypto lender Genesis Global halts withdrawals
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining the decision, the firm cited “unprecedented market turmoil” related to the collapse of troubled cryptocurrency exchange FTX, resulting in “abnormal” levels of withdrawals that Genesis Global claims to have exceeded its current liquidity.
15.11 / 17:37
UPS
Twitter
Fried
Sam
Sam Bankman-Fried Posts Cryptic Tweet Thread – Has He Been Hacked?
A strange Twitter thread from FTX co-founder Sam Bankman-Fried is raising eyebrows in the community, with some now wondering if his Twitter account has been hacked. But according to Bankman-Fried himself, he’s just “improvising.”
15.11 / 13:23
FTX
Three Arrows Capital
Luna
Defunct Billion-Dollar Crypto Hedge Fund Three Arrows Capital Speaks Out, Blames Collapse on FTX
Kyle Davies, founder of the collapsed crypto fund Three Arrows Capital (3AC), has lashed out at FTX, claiming that the exchange hunted their positions during the LUNA collapse.
14.11 / 16:03
Cardano
FTX
Cardano Founder Charles Hoskinson Says More Damage Coming From FTX Contagion – New Regulation Coming?
Cardano founder Charles Hoskinson has warned investors that more pain is coming from the recent collapse of cryptocurrency exchange FTX. He also noted that the incident would attract more regulatory scrutiny.
11.11 / 19:47
business
Binance
FTX
Crypto Biz: Crypto’s day of reckoning has arrived
Who would’ve thought that the implosion of Terra, the collapse of Three Arrows Capital and the bankruptcies of Celsius and Voyager wouldn’t be the most terrible crypto stories of 2022? In retrospect, crypto’s day of reckoning — and the new low for the cycle — hadn’t arrived even after all these tumultuous events.
11.11 / 17:21
markets
business
FTX
Bankruptcy
Terra Luna
Warning
FTX ex-exec floats 'cool token' idea amid warning rebound may take years
Bitcoin (BTC) and cryptocurrency may “take years to recover” from the FTX scandal, one industry analyst warns.
11.11 / 04:29
business
Tether
coinbase
Kraken
Genesis Trading
Genesis Trading reveals $175M of funds are locked in FTX
In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that its derivatives business has around $175 million worth of funds locked away in an FTX trading account.
09.11 / 21:15
business
Blockchain
FTX
Nexo dodges $219M bullet just days before FTX’s solvency crisis
According to a Nov. 8 tweet, crypto lender Nexo currently has net zero exposure to the ongoing crisis embroiling cryptocurrency exchange FTX and crypto trading firm Alameda Research. Nexo also explained that it withdrew its entire balance of funds from FTX within “the past few days.”
09.11 / 12:33
03.11 / 20:05
Crypto Exchange Zipmex 'On Track to Sign a Majority Buyout' Following Three Arrows Capital Contagion
The troubled Asian crypto exchange Zipmex is in “advanced talks” with one of its investors about a potential bailout for the company.
28.10 / 19:19
Blockchain
Blockchain.com
valuation
Blockchain.com Seeks New Funding at $4 Billion Valuation – 70% Decline From Previous Round
Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%.
26.10 / 14:01
SEC
Action
Bitcoin
SEC Crackdown on Crypto Makes Industry Move Attractive to Investors According to This New Report
A crackdown by the SEC on the crypto industry in the US is already having an unexpected effect, with more market players now saying they want to invest in the space, according to a new survey.
26.10 / 13:23
Stablecoin
Central Bank
Bitcoin
Singapore MAS proposes to ban cryptocurrency credits
The Monetary Authority of Singapore (MAS) is introducing proposals to better regulate the cryptocurrency industry in the aftermath of the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital (3AC).
25.10 / 09:11
regulation
SEC
Survey
Investors are loving SEC's crypto industry crackdown, according to survey
The United States Securities and Exchange Commission’s (SEC’s) more-than-enthusiastic crackdown on the crypto industry is being seen as a positive signal for the majority of crypto investors, according to a new survey.
24.10 / 14:51
Digital
Platform
FTX
Voyager
Bankruptcy Court Approves FTX Purchase Agreement for Voyager Assets
Major crypto exchange FTX has secured the approval of a U.S. bankruptcy court to take over the assets of troubled crypto platform Voyager Digital.
24.10 / 01:49
UPS
Bitcoin
'Uptober is Back' - CryptoKaleo's Bitcoin Price Prediction as Monthly Flips Green
Trader CryptoKaleo tweeted 'Uptober is back' to his half a million followers as the Bitcoin price pumped back over $19,500 today - recovering the weekly and monthly open.
21.10 / 18:39
business
Binance
Bankruptcy
Crypto Biz: Bear market claims another casualty
Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice.
20.10 / 14:25
XRP
Polygon
Bitcoin
Crypto Price Today: Bitcoin holds $19K; Solana, Polygon, XRP & Uniswap crack up to 3%
Crypto market remained range-bound on Wednesday as Bitcoin continued to hold above the $19,000 throughout early Asian trading hours. Crypto is locked into a consolidation mode and it will continue to remain there as investors are wary of Fed over-tightening and recession. Majority of the crypto tokens were trading lower on Wednesday. XRP, Cardano, Solana, Uniswap tumbled 3% each, whereas Ethereum and Shiba Inu dropped 2% each. The global cryptocurrency market cap was trading mildly lower at $926.42 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped more than 7% to $54.30 billion.
20.10 / 08:53
business
Court
Bankruptcy
Deal
Customers
Voyager customers could recover 72% of frozen crypto under FTX deal
Customers of bankrupt crypto lender Voyager Digital may be able to recover 72% of the value of their accounts under a tentative deal with FTX US, according to court documents.
19.10 / 05:05
Blockchain
Ethereum
CoinMarketCap
Q3
1INCH: A-Z of how the DeFi protocol fared in Q3; stats might be shocking
Impacted by the general decline in the cryptocurrency ecosystem, 1inch suffered a considerable blow to its trading volume and revenue in Q3, Messari found in a new report.
19.10 / 00:03
business
lending
Bankruptcy
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued.
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