City Arrow Financial News

03.08 / 09:31

business Blockchain Bankruptcy court approval BlockFi’s Chapter 11 plan progresses with conditional court approval

BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement.

02.08 / 10:01

Platform Three Arrows Capital Courts Three Arrows Capital's Kyle Davies Declares Singaporean Residency to Avoid US Courts

Kyle Davies, co-founder of now-defunct crypto hedge fund Three Arrows Capital, has claimed that US courts don't have jurisdiction over him as he has renounced his American citizenship.

01.08 / 21:41

regulation Bankruptcy hedge fund 3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.

01.08 / 20:37

business Bankruptcy Customers Voyager customers targeted by scammers during 30-day withdrawal period: Report

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.

31.07 / 14:17

Adoption Tether Bitfinex Bitcoin reserves Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

Tether (USDT) continues to increase its treasury reserve holdings backing circulating USDT tokens, according to its latest financial attestation for the second quarter of 2023.

28.07 / 09:23

regulation FTX Bankruptcy FTX, Genesis reach in-principle agreement to settle bankruptcy case

Bankrupt crypto exchange FTX and crypto lender Genesis have reached an agreement in principle to resolve the claims brought by FTX in its bankruptcy case.

14.07 / 16:19

business Blockchain Celsius bankruptcy 3AC co-founders' OPNX exchange onboards FTX, Celsius bankruptcy claims

OPNX, an exchange dedicated to the trading of bankruptcy claims against fallen crypto firms, has listed FTX and Celsius claims.

11.07 / 18:23

Gemini Winklevoss Twins Digital Currency Group Billionaire Winklevoss Twins and DCG's Barry Silbert Dispute Takes a Nasty Turn

Cameron and Tyler Winklevoss, the billionaire twins who owns crypto exchange Gemini, may have a hidden agenda with their lawsuit against Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a recent Fortune article has suggested.

11.07 / 02:13

regulation exchanges BitOasis Suspends Dubai crypto regulator suspends BitOasis crypto exchange license

Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority.

10.07 / 08:57

ETH BTC Digital Platform Three Arrows Capital Voyager Digital Withdrawals Voyager Digital Sees $250 Million in Net Outflow Since Resuming Withdrawals

Bankrupt crypto lender Voyager Digital has seen more than $250 in net outflow since it resumed withdrawals on June 23, a year after it filed Chapter 11 and halted withdrawals.

07.07 / 17:21

Gemini Winklevoss Twins DCG Winklevoss’ Gemini Sues DCG and Barry Silbert For Fraud

Winklevoss twins led crypto exchange Gemini has filed a lawsuit against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert for allegedly defrauding creditors.

07.07 / 15:59

Law regulation Gemini Winklevoss Twins Digital Currency Group Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

United States-based cryptocurrency exchange Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”.

06.07 / 19:31

markets Ethereum Bitcoin Cash Bitcoin Bitcoin Price Bitcoin forks BCH, BSC and XEC soared last month, but are the gains organic and sustainable?

The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase.

06.07 / 14:59

SEC BlockFi Bankruptcy 3AC FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute

FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.

04.07 / 03:37

business regulation Liquidity Court Bankruptcy Future creditors Kyle Davies to donate future OPNX earnings to 3AC creditors for 'karma'

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.

30.06 / 08:43

event Blockchain Conference Fashion Opinion Forget about price! Polkadot Decoded 2023 says bear markets are for building

The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.

28.06 / 15:19

MET Digital Cooper Platform Fallout Luna Three Arrows Capital Founders Face $1.3 Billion Claim from Liquidators

The founders of the now-bankrupt crypto hedge fund Three Arrows Capital, also known as 3AC, are facing a $1.3 billion recovery claim from the fund’s liquidators.

27.06 / 15:49

Government Law regulation us government Opinion Gary Gensler is hurting the little guys for Wall Street

Even the most stalwart crypto supporters could see why the Securities and Exchange Commission might target the crypto industry for some enforcement. Events of the past year — from the failure of Three Arrows Capital to the fraud at FTX — were bound to bring some scrutiny, and the industry has always been too hospitable to blatant hucksters.

27.06 / 15:49

business Bankruptcy hedge fund 3AC liquidators look to recoup $1.3B from founders

Teneo, the liquidators behind bankrupt hedge fund Three Arrows Capital (3AC), are reportedly seeking to recover roughly $1.3 billion in funds from founders Su Zhu and Kyle Davies.

21.06 / 18:13

business Venture Capital Terra Luna Three Arrows Capital founders launch new VC fund

On June 21, OPNX exchange, a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed "3AC Ventures." According to developers, "the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future." OPNX was founded by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC).

16.06 / 19:49

NFT Three Arrows Capital DappRadar Three Arrows Capital's NFTs fetch $10.9 mln at Sotheby's

Three Arrows Capital sold for $10.9 million at Sotheby's in New York on Thursday, the auction house said. Three Arrows Capital, which filed for U.S. bankruptcy a year ago, spent $15.5 million worth of cryptocurrency on the 37 NFTs in a series of purchases in July and August 2021, data from blockchain tracker DappRadar showed. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item such as an image, video or piece of text. The most expensive item «Ringers #879 (The Goose)» is part of a series of 1,000 computer-generated abstract images by Canadian artist Dmitri Cherniak.

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