City Arrow Financial News
11.07 / 22:13
business
lending
Bankruptcy
recovery
Customers
Voyager can't guarantee all customers will receive their crypto under proposed recovery plan
Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users.
11.07 / 20:03
Binance
Crime
litecoin
Bitcoin
Three Arrows Founders in Hiding, Voyager's Unknowns, Vauld's 'Breathing Space' + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._______
11.07 / 10:39
business
cryptocurrency
World
Bankruptcy
Lawyers
NOT
Three Arrows Capital founders whereabouts not known: Lawyers
Su Zhu and Kyle Davies, the founders of Three Arrows Capital (3AC), the beleaguered crypto hedge fund, might have fled Singapore and their whereabouts are unknown, the firm’s lawyers said in its bankruptcy filing.
11.07 / 07:17
cryptocurrency
FTX
Pantera Capital
A look at what went wrong with Vauld
Vauld, a crypto lending platform, has halted its operations. Due to this investors are not able to make deposits, withdraw or trade. However, this is not the endgame for the company, as of now. “This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” said chief executive officer (CEO) Darshan Bathija in a statement on the company’s website. There are a number of questions among investors, like: What went wrong with Vauld? What can investors do now? Is it the end of the road for investors? Let us try to find the answers for all the questions.
10.07 / 12:09
cryptocurrency
crypto news
crypto regulation
Swift Action Needed To Regulate Cryptos After Meltdown: Fed's Lael Brainard
Fed's Lael Brainard urges swift action on regulating cryptocurrencies
10.07 / 07:27
business
Loans
Bankruptcy
Lost
Investors lament potentially lost ‘millions’ on Voyager bankruptcy
Many Investors are reeling from Voyager Digital’s recent bankruptcy filing, with some claiming to have either ‘millions’ worth of crypto assets or most of their life savings locked on the crypto exchange.
09.07 / 14:21
Blockchain
Technology
Adoption
defi
Warner Bros
Build business: An outlook on the Web3 industry during the downtrend
By the end of May, Bitcoin’s (BTC) price had dropped 40%, Ether (ETH) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear market trend, it’s essential to focus on what the blockchain industry has always suggested: build.
09.07 / 13:57
cryptocurrency
crypto news
Crypto Exchange
Blockchain.com Faces $270 Million Hit From Loans To Bankrupt Three Arrows
Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows
09.07 / 02:17
BTC
Digital
Arrow
Santiment
Bears
Is VGX all set to “Voyage” to the bears as Voyager Digital files for bankruptcy?
Voyager Digital [VGX], the United States-based crypto brokerage, is one of the companies to be liquidated due to Three Arrows Capital’s demise (3AC). In a 22 June press release, the firm stated that its investment exposure to 3AC consisted of 15,250 BTC and $350 million USDC. In a later press release dated 27 June, Voyager Digital issued a notice of default to 3AC, requesting the repayment of the already disclosed loan.
08.07 / 21:47
business
Bankruptcy
VC funding
Bitcoin Miner
Broker
Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra, Celsius, Three Arrows Capital, BlockFi— what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.
08.07 / 20:37
Blockchain
cryptocurrency
Coindesk
Arrow
Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows - CoinDesk
Cryptocurrency exchange Blockchain.com could lose $270 million from lending to hedge fund Three Arrows Capital (3AC), which filed for bankruptcy earlier this month, CoinDesk reported on Friday.
08.07 / 18:19
Binance
SEC
USDC
Bitcoin
Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
08.07 / 11:17
Legal
FTX
Three Arrows Capital
Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More
The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.
08.07 / 00:57
business
UPS
Digital
Bankruptcy
FDIC reportedly scrutinizing Voyager Digital marketing; complex SBF ties come to light
Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital.
07.07 / 13:39
markets
business
defi
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).
07.07 / 11:57
Career
Exchange
FTX
Investment
Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’
Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth of reserve funds.
07.07 / 06:51
cryptocurrency
Crypto exchanges
cryptos
Meta
Terra
Will the crypto winter shut smaller exchanges or lead to acquisition by bigger whales?
crypto exchanges, particularly the smaller ones, are on tenterhooks for survival. After Terra's debacle, Celcius and Three Three Arrows Capital jittered. This was followed by Vauld suspending operations. Meta (formerly Facebook) is shutting down its crypto wallet Novi by September 1, 2022. Even the Indian crypto exchanges are facing massive liquidity pressure, with volumes slumping up to 80 per cent since January. The new taxation rules are adding more pain to their sufferings.
07.07 / 02:15
markets
Bitcoin
Bitcoin Price
analysts
Bitcoin price holds $20K, but analysts say ‘expect 6 months of sideways’ price action
Trading across the cryptocurrency market was relatively subdued on July 5 as the ecosystem continues to digest the fallout from the Three Arrows Capital scandal and Voyager Digital announcing that it has filed for Chapter 11 bankruptcy protection.
06.07 / 16:09
BTC
CEO
Platform
Arrow
Crypto brokerage Voyager files for bankruptcy protection
The company suffered a blow when Three Arrows Capital went bust last week, defaulting on a loan of 15,250 BTC and $350 million USDC.
06.07 / 13:31
BLOCK
Digital
Platform
Arrow
Voyager Digital Files Chapter 11 Bankruptcy in New York
Cryptocurrency broker Voyager Digital Ltd. said that it has filed for Chapter 11 bankruptcy in New York.
06.07 / 12:03
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