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Zipmex to resume withdrawals on Thursday after suspension
... 11 protection on July 13, listing a $1.19 billion deficit on its balance sheet. Celsius didn't respond immediately to a request for comment. In the past few months, Celsius and Babel Finance have fallen into difficulties. The Singapore-based Three Arrows Capital fund is in liquidation, triggering expectations of more regulatory scrutiny and further restructuring of the Singapore sector. A Monetary Authority of Singapore spokesman said that the regulator was assessing an application for a license from ...
Updated: 07/28/2022
Zipmex to resume withdrawals after suspension
... for Chapter 11 protection on July 13, listing a $1.19 billion deficit on its balance sheet. Celsius did not respond to a request for comment. In the past few months, Celsius and Babel Finance have fallen into difficulties. The Singapore-based Three Arrows Capital fund is in liquidation, prompting expectations of more regulatory scrutiny and further restructuring of the Singapore sector. A Monetary Authority of Singapore spokesman said the regulator was assessing an application for a licence from Zipmex ...
Updated: 07/26/2022
IMF says bitcoin crash has no impact on global economy
... the last quarter. During this period, the Terra s ecosystem has imploded, wiping off around $40 billion from the market. Popular criptocurrency firms like Celsius and Voyager had to file for bankruptcy while a court ordered the liquidation of Three Arrows Capital.
Updated: 07/26/2022
Bitcoin falls to a one-week low on investor skittishness
... Bloomberg Television that we had some stabilization over the past few weeks and that gave some folks confidence that a bottom was being put in place. We are not so convinced. The rise in interest rates and high-profile meltdowns like that of Three Arrows Capital have pummeled digital token this year. Since the beginning of 2022, the price of digital currency has fallen 55%. Macro drivers haven't flipped for people to really go long, bear market squeezes are always very vicious, said Patrick Chu , head ...
Updated: 07/26/2022
FTX gives Voyager Digital access to some funds
... -led criptocurrency exchange for the ailing industry. The lending firm, Alameda Ventures , founded by Bankman-Fried , would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt criptocurrency hedge fund Three Arrows Capital. If you open an account with FTX , the customers of Voyager could get some of the funds. The cash balance could be used to make purchases on the platform of FTX or withdraw it immediately, the company said. FTX expects to close the deal in early ...
Updated: 07/26/2022
Moelis Co. launches Global Blockchain Group
... sector and dismissed the negative sentiment due to the bear market. Moelis Momtazee was interviewed by Bloomberg. Moelis has been advising cryptanalym projects, including Voyager Digital, which had to file for bankruptcy due to the collapse of Three Arrows Capital. Momtazee likened the transformative power of cryptocurrencies to the internet in the late 90 s. Like the internet, he said that it carries long-term potential, which creates the need for proper advising. Moelis said that the space would grow ...
Updated: 07/25/2022
Zipmex resumes withdrawals, seeks to write off $5 million exposure
... listing a $1.19 billion deficit on its balance sheet. Celsius did not respond to a request for comment. A number of cryptocurrencies have fallen into difficulties in the past few months, including Celsius and Babel Finance . The Singapore-based Three Arrows Capital fund is in liquidation, prompting expectations for further restructuring and regulatory scrutiny in Singapore's sector. A Monetary Authority of Singapore spokesman said that the regulator was assessing an application for a license from Zipmex ...
Updated: 07/25/2022
FTX, Alameda Ventures proposed partial bailout
... bankruptcy process, according to a Reuters-bankruptcy lender Voyager Digital . Under the partial bailout plan, Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt criptocurrency hedge fund Three Arrows Capital. If you opened an account with FTX , you could get some of those funds, as well as some of the money that the customers could get. Such customers could use the cash balance immediately to make purchases on FTX 's platform, or withdraw the cash ...
Updated: 07/25/2022
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