Arrow Financial News
24.07 / 05:31
Ethereum
Provident
Arrow
Bitcoin
Disaster
Q3
Crypto winter update: Will the disaster of Q2 continue to cripple Q3 of 2022?
The collapse of Terra, 3AC, and insolvency crisis across crypto institutions has sent the market into severe bear tendencies over the course of Q2. Despite gradual recovery during July, the broader market remains tense and vulnerable right now. Bitcoin [BTC] is trading just below $22,900 while Ethereum [ETH] is mounting a massive rebound towards $1,600 after news of the Merge release date.
24.07 / 03:39
Digital
CEO
Platform
Arrow
FTX offers sinking ship Voyager a lifeboat; investors to receive a refund on their investments
The crypto exchange, FTX, has decided to help a sinking market player, Voyager. Sam Bankman-Fried, CEO of FTX, offered Voyager a rescue plan that may help the latter save its sinking ship. Voyager halted user transactions on 1 July. However, customers may have a chance to withdraw their funds and get a refund on their investments.
23.07 / 01:17
business
Digital
Arrow
Bankruptcy
FTX proposes a way to give Voyager Digital clients some of their digital assets back early
FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like to buy all Voyager digital assets and digital asset loans, with the exception of loans to Three Arrows Capital (3AC).
22.07 / 13:05
CEO
Action
Arrow
Bitcoin
Blockchain.com Slashes 25% Workforce amid Crypto Meltdown
Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%.
21.07 / 21:39
UPS
coinbase
Arrow
financing
Coinbase shares up by >20% after ‘no financing exposure’ statement
To allay worries that the crypto-exchange would have been vulnerable to a liquidity constraint, Coinbase has asserted that it has “no financing exposure” to the bankrupt Celsius Network, Three Arrows Capital (3AC), or Voyager Digital.
21.07 / 18:13
Platform
Arrow
Crypto exchange Blockchain.com is slashing 25% of staff
Cryptocurrency exchange Blockchain.com is laying off one-quarter of its workforce, the latest business in the digital-assets sector to scale back following a sharp decline in cryptocurrencies.
20.07 / 18:41
19.07 / 13:19
19.07 / 09:25
UPS
Digital
Platform
Arrow
Looking to get your funds out of a collapsed crypto platform? Don't get your hopes up
Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC.
18.07 / 12:51
Digital
Maxim
Platform
Arrow
Withdrawals
Voyager Digital Asks Court to Allow Withdrawals Request
Embattled crypto brokerage firm Voyager Digital recently sought permission to process user withdrawals from the Federal Bankruptcy Court.
14.07 / 05:59
UPS
Digital
Arrow
Bitcoin
This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here's why
The two words on every crypto investor's lips right now are undoubtedly «crypto winter.»
14.07 / 02:25
Digital
Arrow
Embattled crypto lender Celsius informs state regulators that it’s filing for bankruptcy 'imminently,' source says
Crypto company Celsius is in the process of filing for Chapter 11 bankruptcy, according to a source familiar with those discussions.
13.07 / 13:29
13.07 / 10:39
Digital
Cooper
Arrow
NOT
Three Arrows accused of not cooperating with liquidators investigating digital assets
Court-appointed liquidators for cryptocurrency hedge fund Three Arrows Capital said its founders can’t be located and aren’t cooperating in the investigation of its assets, allegations that the founders denied.
12.07 / 15:32
Kirklands
Arrow
Lawyers
The Fintech Files: Celsius lawyers given the boot, search for Three Arrows founders continues
For Celsius Network, it’s out with the old, in with the new.
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 / 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.
06.07 / 21:11
Ethereum
Remark
Arrow
Bitcoin
Ethereum ‘believer’ now claims crypto has ‘no real value’
Jim Cramer is in the news again after criticizing the cryptocurrency market once more. In fact, he called it a market of “no real value,” while also forecasting additional market declines. The former hedge fund manager criticized the industry’s chronic liquidity shortage on CNBC’s Squawk Box on Tuesday. He also took a shot at the insolvency of significant companies like Celsius Network and Three Arrows Capital.
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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