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Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure
8.7.2022
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive...
Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
8.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Blockchain.com's USD 270M Exposure to Three Arrows Capital + More News
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’
8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
7.7.2022
Genesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses
Genesis Confirms 3AC Exposure, DCG Assistance
6.7.2022
The crypto market making and trading giant last week had been rumored to have suffered hundreds of millions in losses
World's first short Bitcoin ETF sees exposure explode 300% in days
6.7.2022
Since launching last month, the ProShares Short Bitcoin Strategy ETF (BITI) has eclipsed others in inflows
Basel Committee wants to limit banks' digital asset exposure to just 1% of equity
30.6.2022
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources
30.6.2022
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
29.6.2022
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old...
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
26.6.2022
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more...
Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure
23.6.2022
Crypto broker Voyager Digital has reduced daily withdrawal limit to $10,000 from $25,000 after revealing its exposure to Three Arrows Capital
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure
22.6.2022
Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC
Tether Condemns 3 'False Rumors’ About Its Exposure
15.6.2022
Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three...
Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital
15.6.2022
Stablecoin issuer Tether has denied that its commercial paper portfolio is 85% backed by Chinese or Asian commercial papers
Battlefield 2042 Fans Finally Have Something To Smile About
14.6.2022
After a disastrous launch and months of treading water, the beleaguered Battlefield 2042 had its first major update last week with the introduction of Season One, which saw the game get its first new map, weapon, vehicle and specialist since its release eight months ago.Read more
Felix Capital Raises $600 Million to Grow Web3 Exposure
11.6.2022
Felix Capital, a London-based VC company, has raised $600 million in its fourth fundraising round, this being its biggest yet. The company, which has been investing in commerce and money-tooling startups, is planning to use part of the funds raised to increase its Web3 exposure as part of its...
Investor Concerns About Galaxy Digital's LUNA Exposure Are Overblown, BTIG Says
12.5.2022
Galaxy Digital’s stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
12.5.2022
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed...
Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts
8.5.2022
On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning...