City Arrow Financial News
30.06 / 13:57
business
regulation
Europe
coinbase
expansion
Coinbase seeking aggressive European expansion amid crypto winter
Coinbase is expanding its operations into various countries in Europe amid a "crypto winter." Despite laying off numerous employees and rescinding job offers, Coinbase's vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.
30.06 / 13:29
MARKET
stocks
Investment
Bitcoin
More Crypto Meltdowns Could Be Seen This Summer, but the Worst Is Behind Us - Pantera's Morehead
The crypto market will probably see “a few more” meltdowns similar to what happened with the Terra (LUNA) ecosystem and crypto hedge fund Three Arrows Capital, argues Pantera Capital CEO Dan Morehead. However, according to him, the majority of the contagion from current meltdowns has already been priced in.
30.06 / 12:47
Digital
Arrow
Sky News
Bitcoin
Luna Classic
British Virgin Island Court Orders the Liquidation of Three Arrows Capital
Earlier this week, a court from the British Virgin Islands ordered the liquidation of embattled crypto hedge fund Three Arrows Capital (3AC), as the firm proved beyond doubt that it cannot fulfil its debt obligations.
30.06 / 08:55
business
Blockchain
Wall Street
Loans
Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model
It’s been another day of watching the ripples of contagion spread through the crypto market.
30.06 / 07:03
Three Arrows Capital
Crypto hedge fund Three Arrows Capital has entered liquidation, source says
Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry. Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan of 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin.
30.06 / 00:47
UPS
Arrow
Sky News
3AC to get liquidated soon? The NFT market could be key
A British Virgin Islands court has ordered the liquidation of Three Arrows Capital, according to the reports. The Singapore-based crypto hedge fund has been battling it out in recent weeks after the Terra crash. But with over $400 million in liquidations, it seems time has finally run out now.
29.06 / 17:33
Arrow
Three Arrows Capital falls into liquidation as crypto winter bites
Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called 'crypto winter'.
29.06 / 16:47
cryptocurrency
Crypto crash
Crypto Firm Three Arrows Capital Becomes First Meltdown Casuality: Report
Crypto hedge fund Three Arrows Capital has entered liquidation: Report
29.06 / 15:55
business
regulation
Sky News
Bitcoin
British Virgin Islands court reportedly orders to liquidate 3AC
Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.
29.06 / 15:25
Ethereum
Forecast
MARKET
Sky News
Bitcoin
analysts
Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered
The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.
29.06 / 14:45
Ethereum
Altcoins
lending
Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen
Troubled crypto lender Celsius(CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion.
29.06 / 13:17
Dogecoin
Bitcoin price today
Bitcoin
Bitcoin Price
Drop
Crypto Price Today: Shiba Inu, Dogecoin, Solana drop up to 5%; Tron gains
For Bitcoin, $20,000 is the key psychological level. If it is breached substantially, the bear grip in the crypto market is likely to tighten and crypto winter may deepen further. Barring the dollar-pegged USD Coin and Tron, all other crypto tokens were trading in the red on Wednesday. Shiba Inu and Solana plunged about 5 per cent each, whereas Dogecoin dropped over 3 per cent.
28.06 / 21:17
business
Blockchain
regulation
Investments
Are custodied crypto funds at risk? Industry veterans explain
With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn't help but ask a simple question: What happened to all the funds that were supposedly under "safe custody?" As it turns out, a small fraction of crypto firms began leveraged trading with customers' deposits to deliver promised high APY returns on supposedly fixed-income instruments. Things worked out well when the market was thought to have endless potential.
28.06 / 12:49
BTC
Digital
Arrow
Luna
Voyager, 3AC, BTC, USDC in loan; default- Everything unexpected
Many cryptocurrency-based firms have faced the wrath of a crypto meltdown that saw LUNA drop to zero. Interestingly, Three Arrows Capital (3AC), the beleaguered cryptocurrency firm tops the chart. In a WSJ report, the crypto hedge fund confirmed that it had suffered heavy losses in the recent market downturn.
28.06 / 00:05
Provident
BTC
Arrow
Bitcoin
The lowdown on 3AC: Is the market bracing for another crash
While Bitcoin and the crypto-market at large have been attempting some recovery over the last few days, Three Arrows Capital’s (3AC) woes continued to worsen.
27.06 / 19:11
Ethereum
ETF
coinbase
Bitcoin
grayscale bitcoin trust
Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + 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.
27.06 / 18:55
Digital
Arrow
Bitcoin
Broker
Three Arrows hedge fund has defaulted on $675m crypto loan, broker Voyager Digital says
Crypto broker Voyager Digital said that hedge fund Three Arrows Capital had defaulted, failing to make loan payments tied to large bets in the digital-currency realm.
27.06 / 16:27
business
exchanges
Bitcoin
Voyager Digital issues notice of default to Three Arrows Capital
Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement.
26.06 / 12:49
cryptocurrency
crypto news
Broker
Crypto Broker Voyager Likely To Send Default Notice To Three Arrows
Crypto broker Voyager likely to issue default notice to Three Arrows
26.06 / 12:49
cryptocurrency
crypto news
Bitcoin Options Point To Positive Signs After Meltdown, Say Traders
After rout, Bitcoin options point to positive signs, traders say
25.06 / 00:03
business
event
kpmg
Toronto
Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23
For all the gloom and doom in the cryptocurrency market these days, our industry continues to make inroads into mainstream tech. This week, I had the pleasure of attending the sold-out Collision Conference in Toronto, and crypto was featured prominently. During the event, I got to moderate three panels, including two that were crypto-focused. The fact that the biggest tech conference in North America is letting me talk cryptocurrency after a six-month bloodbath proves there’s more to the industry than just price. And, I’m not saying the price isn’t important — but context is everything.
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