City Arrow Financial News

10.05 / 18:51

Blockchain NFT surges elon Milady NFT floor price surges after Elon Musk tweet

On May 10, American business magnate Elon Musk tweeted a meme created using imagery from the Milady nonfungible tokens (NFT) collection. Shortly thereafter, the floor price of Milady NFTs spiked from 3.8 Ether (ETH) to as high as 7.3 ETH before falling to 5.69 ETH apiece at the time of publication.

05.05 / 13:09

Blockchain UPS Man CEO Should crypto be rebranded?

As more people get drawn into the profit potential of crypto, skeptics increasingly point out to the fraud and failure happening in the space. The various hacks, ransomware attempts on the Colonial Pipeline, and the high-profile failures of Terra/Luna, Three Arrows Capital, Celsius and most of all FTX/Alameda have done nothing to improve crypto’s tarnished image.

03.05 / 10:59

wallet FTX Ledger MetaMask Trezor Hardware Wallets Gain Popularity as FTX Collapse Pushes Users to Self-Custody

The FTX collapse pushed many users away from exchanges and into storing their own crypto. But the potential issue of human error remains.

03.05 / 09:55

Three Arrows Capital OPNX Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX

Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX.

02.05 / 15:45

ETF privacy coinbase Legal UK information settlement Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

02.05 / 11:45

regulation hedge fund 3AC founders run into fresh trouble in Dubai over new exchange OPNX

The co-founders of failed crypto hedge fund Three Arrows Capital (3AC) — Su Zhu and Kyle Davies — have run into fresh trouble over operating and promoting their new digital-asset platform, Open Exchange or OPNX, without the required local license in Dubai.

01.05 / 10:29

Government Law Adoption regulation Europe European Union Euro Liechtenstein adapts blockchain laws to developing crypto landscape

The blockchain and crypto industry is constantly growing and changing around the world, and the Principality of Liechtenstein is no exception.

26.04 / 20:45

NFT Gaming Metaverse Auction National Romania to launch national NFT marketplace: Nifty Newsletter, April 19–25

In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three Arrows Capital. In other news, find out how games and tokenization are driving the maturation of the NFT space and how a second batch of Trump NFTs sold out a day after launch. And don’t forget this week’s Nifty News featuring Yuga Labs’ victory in court.

25.04 / 20:55

BTC Binance Deal Binance US calls off $1bn deal to buy Voyager assets

Binance won the bidding for Voyager's assets in December in a move that was supposed to set a "clear path forward for Voyager customer funds to be unlocked as soon as possible".The firm now says it will now "move swiftly to return value to customers via direct distributions" of cash and crypto. In its own tweet, Binance US blames its decision on the "hostile and uncertain regulatory climate in the United States".Voyager filed for Chapter 11 bankruptcy protection in July, listing assets of between $1 billion and $10 billion and liabilities in the same range.The company suffered a blow when Three Arrows Capital went a week earlier, defaulting on a loan of 15,250 BTC and $350 million USDC.

24.04 / 01:51

business Twitter Venture Capital exchanges Bankruptcy OPNX CEO scolds claimed backers after some deny investing in the firm

A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers.

21.04 / 19:31

business Trading Venture Capital Bankruptcy 3AC founders' OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group

OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital.

20.04 / 08:59

NFTS Three Arrows Capital Sotheby's creditors Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

Sotheby's is preparing to host an auction for a collection of non-fungible tokens (NFTs) seized from now-defunct crypto hedge fund Three Arrows Capital.

20.04 / 08:53

Dogecoin markets Altcoin Tesla Tesla Motors Doge Price Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?

The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market.

19.04 / 21:57

business Art NFT Auction Digital Asset Sotheby's will auction off part of 3AC's digital art collection

Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC.

18.04 / 15:05

Funding Bitcoin Multisignature services Unchained raises $60M to offer collaborative custody Bitcoin services

The bear market grind has not deterred a $60 million raise from a Bitcoin-only company.

04.04 / 23:59

Ethereum ETH BTC SEC Ether Bitcoin Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand

One week after digital asset investment products saw their largest weekly inflow since July 2022 of $160 million, the pace of inflows has all but come to a halt, according to the latest Digital Asset Fund Flows report released on a weekly basis by CoinShares.

04.04 / 15:41

business hedge fund Backed Crypto exchange backed by 3AC founders launches with claims trading plans

Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX.

04.04 / 14:19

ETH BTC Binance Digital XRP Bitcoin Weekly XRP beats BTC, ETH in weekly inflows: Will the token’s bullish trajectory continue

As one of the top digital currencies in the market, Ripple’s [XRP] recent surge in popularity and performance has caught the attention of investors and traders alike, based on the CoinShares’ 3 April report . According to the digital asset investment and trading group, the payment token registered the most input in last week’s fund flow activity.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

21.03 / 19:26

Ethereum BTC FIVE Digital Bitcoin Why BTC outflows persist despite renewed hopes for crypto comeback

According to a new report by CoinShares digital asset investment products recorded six consecutive weeks of outflows totaling $95 million. Over the last five weeks, there has been $406 million in outflows from investment products, with a notable portion of those outflows being related to Bitcoin [BTC].

20.03 / 17:43

BTC Digital Aware CEO coinbase SVB Bitcoin Will Bitcoin [BTC] hit $1 million in 90 days? Real Vision CEO predicts…

On 20 March, entrepreneur Anthony Pompliano “Pomp” invited Real Vision CEO Raoul Pal to his podcast, where he quizzed the latter on a range of topics surrounding Bitcoin [BTC] and its numerous run-ins with regulatory bodies.

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