City Arrow Financial News

16.11 / 17:01

Provident Cooper Citizens PINK show reports Three Arrows Capital Co-founder Kyle Davies Seen in Bali: Report

Kyle Davies, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has reportedly been spotted in Bali while he continues to escape arrest from Singaporean authorities.

15.11 / 00:49

business Adoption Investments Funding Venture Capital valuation Blockchain.com $110M funding round halves its 2022 valuation: Report

Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion.

11.11 / 13:51

Provident Digital Platform Hodlnaut Liquidation reports High Court Orders Liquidation of Hodlnaut Crypto Lending Platform – 17,000 Users Impacted

The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10.

10.11 / 18:41

business lending Algorand Bankruptcy Hodlnaut heading for liquidation after failure of restructuring, sale efforts

Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022.

10.11 / 15:13

Law regulation Court Bitcoin Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

08.11 / 14:19

business Europe European Union Bankruptcy OPNX gets EU spot crypto trading license in Lithuania

Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph.

06.11 / 22:23

CBDC Adoption regulation FTX sentencing 2024 Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Kaplan will have the final say.

05.11 / 18:09

Provident Digital Platform Action BlockFi Triumphs Over Bankruptcy, Initiates Creditor Reimbursements

BlockFi, a bankrupt cryptocurrency lending platform, announced its successful emergence from bankruptcy on October 24, 2023, marking a significant turnaround. The announcement followed an arduous 11-month endeavor by the management, advisors, and stakeholders to steer the company back to stability. The company now sets its sights on repaying creditors and returning digital assets to clients, a pivotal step in regaining trust and reaffirming its market position.

03.11 / 14:41

Blockchain regulation FTX Bankruptcy Bitcoin FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in.

02.11 / 07:35

Ethereum coinbase BlackRock Bitcoin track Bitcoin hits 17-month high as Powell strikes less hawkish chord

Investing.com-- Bitcoin prices rose on Thursday after the Federal Reserve struck a less hawkish tone than markets were expecting, with broader cryptocurrencies also advancing as the dollar weakened and traders bet on no more interest rate hikes.

29.10 / 19:29

business Stablecoin Tether Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

Stablecoin Tether (USDT) has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country, according to data from Brazil’s revenue service agency.

26.10 / 07:51

cryptocurrency FTX BlockFi cryptocurrency industry Crypto lender BlockFi emerges from bankruptcy

BlockFi emerged from bankruptcy on Tuesday, nearly 11 months after it was swept away by the turbulence in the cryptocurrency industry following the collapse of FTX. In its bankruptcy filing in November last year, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for the crisis it was facing. On Tuesday, the company said it would officially begin enacting the actions detailed in its bankruptcy plan, like recovering assets it believes are owed to it by FTX, Three Arrows Capital and others. Any attempts to recover assets from those companies, however, will likely be contentious as both are themselves waddling through their respective bankruptcy processes.

25.10 / 20:35

Ethereum Provident Digital ETF Gemini Bitcoin Q3 Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit

Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures.

25.10 / 06:53

Adoption Bitcoin Bitcoin Price Time Crypto market sentiment at highest point since BTC’s $69K all-time high

Bitcoin (BTC) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index.

25.10 / 05:39

FTX BlockFi Alameda BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect

The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.

25.10 / 02:11

business regulation lending FTX Withdrawals BlockFi emerges from bankruptcy and opens wallet withdrawals

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.

24.10 / 15:23

Stablecoin Tether USDT Bitcoin Rally Tether's USDT Stablecoin Supply Crosses $84 Billion Mark Amid Market Rally

Tether’s stablecoin USDT reached a milestone on October 21 by surpassing the $84 billion supply mark. Data from Messari indicates a week-on-week increase of about $1 billion, coinciding with the current market rally--spurred by optimistic sentiment over the possible approval of a Bitcoin spot exchange-traded fund (ETF) in 2023.

19.10 / 19:05

Binance Digital Aware coinbase Gemini country Customers New York AG Sues Gemini, Genesis, DCG for Defrauding Customers

New York State Attorney General Letitia James is suing cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) on charges of fraud in a lawsuit announced Thursday.

19.10 / 14:53

Gemini Customers New York Attorney General Sues Gemini Trust, Genesis Global, and DCG for Defrauding Customers

New York Attorney General Letitia James has filed a complaint against popular crypto exchange Gemini, crypto lending firm Genesis, and crypto investment company Digital Currency Group (DCG).

17.10 / 21:01

Blockchain FIVE Digital Death information compliance Crypto lender Genesis Bankrupt Crypto Lender Genesis Faces Deadline: New York Court Orders Compliance With Terra Subpoena Within 5 Days

After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year.

17.10 / 17:07

Blockchain defi Hackers hacks Lost Exploit Platypus Finance recovers 90% of assets lost in exploit

Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week.

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