Summary: Three Arrows Capital Co-founder, Su Zhu, is reportedly looking to sell his $35 million Singapore mansion. Su Zhu allegedly bought the mansion in December 2021 at S$48.8 million. The house is held under a trust belonging to one of his children. According to sources, liquidators in Singapore are looking...
Summary: Huobi’s founder, Li Lin, is reportedly looking to sell his stake in the crypto exchange. Mr. Lin currently holds more than 50% of the shares at Huobi. The crypto exchange has been affected by the ongoing crypto winter and plans to lay off 30% of its staff. Huobi’s HT...
Blockchain.com and Deribit confirm that they are creditors of Three Arrows Capital. Blockchain.com said it was cooperating with an investigation into the fallen hedge fund. Deribit said that it would remain financially healthy even if the debts weren’t repaid. Blockchain.com and Deribit are among the creditors that sought the liquidation...
El Salvador has recently purchased 80 Bitcoins. Nayib Bukele tweeted his support towards Bitcoin during its bear run,adding that Bitcoin is indeed the future. Despite the prices of Bitcoin plunging to new lows, El Salvador’s president Nayib Bukele seems to be unfazed by the ongoing bearish sentiment prevalent in the...
Summary: FTX is inches away from finalizing its acquisition of the BlockFi lending platform. According to CNBC, FTX will pay $25 million for the deal, which is 99% below BlockFi’s last valuation. The move will wipe out BlockFi investors and write off the value of their losses. The discounted sale...
Summary: Tech Inquiry has uncovered details on a three-year contract between Coinbase and the Immigration and Customs Agency of the US Department of Homeland Security. Coinbase, through its analytics program, Coinbase Tracer, is allegedly providing the US ICE agency with user information, including geolocation data and transactional history. A representative...
Summary: FTX reportedly walked away from a potential deal with Celsius Network after analyzing the latter’s finances. Celsius Network allegedly had a $2 billion deficit on its balance sheet at the time of the talks with FTX. Celsius Network team has since issued a statement reiterating their commitment to restoring...
North Korea’s Lazarus Group is believed to be behind the $100 million attack on Harmony Protocol’s Horizon bridge. Blockchain forensics company Elliptic said that there were several signs that suggested Lazarus executed the attack. North Korea is suspected to be behind several attacks on the DeFi market, catching the attention...
Summary: Three Arrows Capital allegedly exceeded the asset under management (AUM) threshold set by the Monetary Authority of Singapore. The MAS also noted that 3AC provided misleading information regarding the management of its fund and changes in company hierarchy. Singapore’s top regulator started looking into the matter in June 2021....
Summary: Napster plans to launch the $NAPSTER token focusing on the music industry. Napster will also venture into NFTs as it expands into Web3. The $NAPSTER token will have utility such as payment for subscriptions and goods and services. Napster is following in the footsteps of Limewire, which announced similar...
Summary: Tom Loverro has recommended crypto investors have enough cash to get through the next 30 to 36 months. According to his analysis, the crypto markets could go lower in 2022 and be flat in 2023. He warns that previous Bitcoin and crypto cycles are not a determinant of the...
Summary: CZ believes Michael Saylor will get the last laugh in time over MicroStrategy’s consistent Bitcoin purchases. CZ was responding to news of MicroStrategy buying an additional 480 Bitcoins for $10 million. MicroStrategy now holds 129,699 Bitcoin at an average entry price of $30,664. However, Peter Schiff believes that Mr....
