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Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community
21.6.2023
3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund
21.6.2023
Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call
Three Arrows Capital founders launch new VC fund
21.6.2023
"3AC Ventures is focused on superior risk-adjusted returns without leverage," the firm wrote
IMF Working on Platform to Support CBDC Cross-Border Interoperability
21.6.2023
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1M
18.6.2023
ZachXBT estimates that the legal fees could “easily exceed” $1 million and alleged that MachiBigBrother is “using his money to try” and silence him
Blackrock Files for Bitcoin Trust — Analyst Calls It a ‘Real Deal’ Spot Bitcoin ETF Filing
17.6.2023
Blackrock, the world’s largest asset manager, has filed to register a bitcoin trust that some believe is actually a spot bitcoin exchange-traded fund (ETF) in disguise. Blackrock is seeking to launch a bitcoin product despite the U.S. Securities and Exchange Commission’s (SEC) efforts...
Bittrex US Allows Fiat and Crypto Withdrawals Amid Bankruptcy Proceedings
17.6.2023
Bittrex US, the now-defunct cryptocurrency exchange in the United States, has recently introduced a plan that permits American customers to withdraw crypto and fiat from the platform, provided they satisfy the required regulatory criteria. This withdrawal arrangement was approved on Tuesday by...
GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
16.6.2023
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund
BlackRock applies for bitcoin exchange-traded fund
16.6.2023
BlackRock, which is undoubtedly the largest asset manager globally, has gone ahead and applied for a Bitcoin exchange-traded fund (ETF). This will provide investors the opportunity of being able to connect with cryptocurrency. This is with regard to the fact that it is being watched very closely...
3AC liquidators file motion to hold Kyle Davies in contempt
15.6.2023
Civil sanctions against 3AC's co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until compliance with a subpoena
Jack Dorsey’s relief fund pledges $5M donation to Bitcoin-focused nonprofit
14.6.2023
The fund reported it had distributed more than $500 million to projects, including the Tor Project, the Signal Technology Foundation and the Calyx Institute
Binance's Emergency Fund Shrinks Amid SEC Legal Pressure
14.6.2023
The entire crypto market slid last week after the U.S. Securities and Exchange Commission (SEC) filed back-to-back lawsuits against Binance and Coinbase – two of the world’s largest digital asset exchanges by trading volume. ...
Read More: Binance's Emergency Fund Shrinks Amid SEC Legal Pressure
Crypto fund outflows reach $417M over 8 weeks as investor caution persists
12.6.2023
According to CoinShares, digital asset investment product outflows amounted to $88 million last week
New Report: North Korea's Cyber Army Allegedly Stole $3 Billion in Crypto to Fund Nuclear Program
12.6.2023
North Korea's cyber army has stolen $3 billion in cryptocurrencies, with 50% of the funds being used to fund the country’s ballistic missile program.
According to a recent analysis by The Wall Street Journal, state-sponsored hackers from North Korea have netted more than $3 billion from crypto...
DeFi Protocol Maverick Raises $9M Led by Peter Thiel's Founders Fund
12.6.2023
The round was led by Founders Fund and included contributions from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto
Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms
11.6.2023
The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.
Kyle Davies and Su Zhu, both 36, almost disappeared from public view following the collapse of their fund. However, a new New York Times...
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...
US Senator claims crypto helps to fund fentanyl Trade – This AI crypto proves otherwise
9.6.2023
A bold claim by Senator Elizabeth Warren of Massachusetts, USA, alleging that cryptocurrencies are facilitating the funding of the dangerous drug fentanyl trade, deepens the debate on cryptocurrency scrutiny and regulatory concerns. Amidst these allegations, an AI crypto platform has emerged...
Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance
8.6.2023
Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks.
During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testing time for the industry, it is a huge opportunity for established financial...