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Court orders Three Arrows Capital to be liquidated

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A court in the British Virgin Islands has directed that the embattled crypto hedge fund Three Arrows Capital (3AC) to be liquidated. The liquidation order comes a few days after Voyager Digital issued a notice of default...
Business

FTX not planning to acquire Robinhood, CEO says

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FTX CEO Sam Bankman-Fried (SBF) refuted rumors that the crypto exchange was planning to acquire the trading platform, Robinhood. This is after Bloomberg News reported yesterday that FTX was in talks to buy Robinhood. However, the FTX CEO...
Business

Voyager Digital issues Notice of Default to Three Arrows Capital

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Voyager Digital issued a default notice to Three Arrows Capital (3AC), a crypto hedge, fund today. This is after 3AC failed to meet the deadline that Voyager had announced last week for their loan repayment. 3AC currently owes...
Business

Mogul Productions and Trace Network partner to drive NFT adoption

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Mogul Productions, the decentralized platform that seeks to promote NFTs and DeFi in the movies and entertainment sector, is going big on the move with a new partnership.  As announced on Friday, the firm has signed a major...
Business

Bybit plans to tap into Web3 with new BitDAO blockchain

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Bybit co-founder and CEO Ben Zhou is leading a proposal for the development of the platform’s BitDAO Layer 1 infrastructure, the exchange said in a press release. The soft proposal, launched via the official BitDAO Discourse forum, envisions...
Business

dYdX announces plans to build a standalone blockchain based on Cosmos

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Decentralized exchange platform dYdX has announced plans to build a standalone blockchain, according to details the Ethereum Layer-2 protocol shared on Wednesday. dYdX, one of the largest crypto derivatives platforms in the market today, says it intends to...
Business

Nexo and Citigroup are in talks for strategic opportunities in crypto lending

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Nexo has today announced that it is spearheading talks with Citigroup as it seeks consolidation of the crypto lending space. Citigroup is poised to take the role of a financial advisor. Through this new relationship with Citigroup and the...
Business

eBay expands presence in NFTs market with acquisition of KnownOrigin

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eBay and KnownOrigin did not disclose the terms of the acquisition. Global e-commerce platform eBay Inc. (Nasdaq: EBAY) has announced its acquisition of leading NFT marketplace KnownOrigin. According to a press announcement published on Wednesday, eBay’s deal to acquire KnownOrigin...
Business

Crypto casinos and online gambling with CoinsPaid

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Crypto gambling has picked up significantly around the globe, as more people turn to crypto casinos. As with the rest of the world, the trend is fast catching on in Europe, including in Germany, where a growing...
Business

Citibank partners METACO to develop a crypto custody platform

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Citi, one of the largest custodians in the world with nearly $27 trillion in assets, has announced a strategic partnership with Swiss-based crypto custody firm Metaco as it looks to offer digital asset custody. Citi will tap into...
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