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Three Arrows Capital bankruptcy

Three Arrows Capital files for bankruptcy

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Financial news outlet Bloomberg has revealed that crypto investment company Three Arrows Capital (commonly known as 3AC) filed for Chapter 15 bankruptcy on Friday morning. Chapter 15 bankruptcy allows foreign and U.S. court systems to work together and is usually filed to safeguard the assets of the debtor. Although the announcement isn’t a surprise, it puts an end to one of the world’s most notable, decade-old asset management...

Cryptocurrencies, Exchanges, Front page

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Is there any value left in crypto

Is there any value left in crypto? 

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By JUAN MENDECryptoPress The market has plummeted and the bottom of the fall is not in sight. But the markets, especially the cryptocurrency market, have always been very volatile. This may be because it is still a very new industry, which is so young and has, no doubt, many lessons to learn in terms of value, risk management, greed management, liquidations, profit-taking, hacks, and so on. It may also be due to its own dynamism, which...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page

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celsius - three arrow capital

Celsius, 3AC, crypto stumbles continue

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The crypto carnage continues as nervous investors rush out and big digital asset-focused companies Celsius and Three Arrows Capital (3AC) feel the pressure. On Wednesday afternoon, it appeared that Three Arrows Capital (3AC) had been selling assets, including $40 million of its Lido Staked Ethereum (stETH).  The token, known as “staked ether,” has suddenly become a key focus for crypto traders trying to manage...

Cryptocurrencies, Ethereum, Front page, News

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Tether Launches USDT on Tezos

Tether Launches USDT on Tezos

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Tether, the world’s largest stablecoin by market capitalization, is now available on the Tezos proof-of-stake blockchain. The launch of Tether’s USDT comes after months of testing and beta testing by several prominent crypto exchanges. Binance Labs, Kraken, and KuCoin are among the companies that have tested Tether’s new blockchain asset. “We’re thrilled to welcome Tether to the Tezos community,” said Ryan Jesperson,...

Cryptocurrencies, Front page, News

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ethereum ropsten merge

Testnet Ethereum Merge Completes Successfully on Ropsten

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The testnet Ethereum Merge has been completed successfully on the Ropsten testnet, and developers are now focused on the final merge in late Q3 or early Q4 2022. Ethereum’s testnet has successfully migrated to the new Proof-of-Stake (PoS) consensus algorithm. This means that Ethereum has completed its first step towards a PoS future. The next step will be to execute a final merge of the Ethereum testnet on Ropsten with the...

Blockchain, Cryptocurrencies, Ethereum, Front page, News

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