City Arrow Financial News
09.09 / 15:09
Platform
Huobi
Bitcoin
Huobi wins license in the British Virgin Islands, no timeline for the UK yet
Major cryptocurrency exchange Huobi continues to expand its global footprint by entering the British Virgin Islands, a British Overseas Territory.
09.09 / 12:57
Digital
SEC
Platform
Bitcoin
crypto rules
Thai Regulators Make Moves to Tighten Crypto Rules
Thailand's Regulators have introduced tighter digital asset rules due to trading irregularities and the fall of a top acquisition involving a crypto exchange.
07.09 / 22:13
business
lending
CeFi
Voyager Digital assets auction set for Sept. 13 after being rescheduled from August
Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a hearing to approve the results on Sept. 29. Offers for the lender’s assets have already been submitted.
03.09 / 09:21
business
Blockchain
Adoption
retail
Crypto's adaptability, openness key to ideal monetary system, say BIS execs
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.
29.08 / 17:55
business
Law
Court
Where in the world are the 3AC founders? Speculations abound
The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm's Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail.
29.08 / 15:11
Lowe's
Digital
Bitcoin
Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets
Bitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.
29.08 / 13:59
Digital
Luna
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests.
27.08 / 05:55
UPS
Digital
CoinMarketCap
Bears
Did Voyager Digital [VGX] say ‘hasta la vista’ to bears
Data from CoinMarketCap revealed that VGX, the native token of the failed crypto brokerage firm Voyager Digital, rallied by 40% during the intraday trading session on 25 August.
26.08 / 22:25
24.08 / 23:41
business
Loans
Bankruptcy
Singapore authorities approve probe of 3AC on behalf of liquidators: Report
The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.
24.08 / 13:41
23.08 / 20:05
Technology
data
Tech
Financial
Celsius, 3AC demonstrated why financial infrastructure should move on-chain
While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these events ultimately show why more of the financial system should operate on-chain, bringing more transparency and information to market participants.
23.08 / 13:27
Provident
Digital
coinbase
Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm.
18.08 / 12:07
Digital
CEO
Enterprise
Broker
Crypto Broker Genesis Cuts 20% Workforce, CEO Michael Moro Stepping Down
Genesis, a major institutional digital asset market and a full-service digital currency prime brokerage based in New York, on Wednesday announced several leadership changes amid the company’s efforts to boost the next phase of its growth.
18.08 / 10:57
cryptocurrency
crypto news
cryptos
Genesis Trading
Broker
Crypto Broker Genesis Cuts Jobs By 20%, Taps Insider As Interim Chief
Crypto broker Genesis taps insider as interim chief, cuts jobs by 20%
18.08 / 10:49
CEO
exits
Crypto lender Genesis
CEO of crypto lender Genesis exits as 20% of workforce laid off
Genesis Global Trading is laying off 20% of its 260-person workforce weeks after court filings revealed that the crypto brokerage firm lent $2.4bn to the now-bankrupt crypto hedge fund Three Arrows Capital.
17.08 / 20:25
business
Volatility
Genesis Trading
Another crypto CEO steps down as Genesis Trading restructures leadership
Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the market downturn.
11.08 / 12:13
Law
defi
regulation
class action
Crypto products
Mark Cuban faces class action lawsuit for promoting Voyager crypto products
Mark Cuban, the billionaire entrepreneur who has been quite active in the crypto ecosystem for the past year, is facing a class-action lawsuit over his promotions of the bankrupt crypto brokerage firm Voyager Digital.
10.08 / 23:31
markets
Bitcoin
Bears
week
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls.
10.08 / 14:16
Blockchain
Digital
Platform
Arrow
Paradigm Shift amid Global Crypto Chain Reactions
Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year.
10.08 / 14:09
business
Law
regulation
California
California regulator orders Celsius to stop selling securities in the state
The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius.
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