The now renowned Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US solicitors, Scott+Scott in an attempt to recoup UST investments following the collapse of the Terra ...
Tag: Capital
Here’s How You Can Avoid Capital Gains Tax on Real Estate
Home prices have nearly doubled in the last 10 years – and that could mean you owe some serious taxes if you are selling your home. After bottoming out around $259,000 in 2011, the average sale ...
Crypto Transactions Under $50 May Soon be Exempt From Capital Gains Tax
A new bipartisan bill will change how crypto transactions are taxed As the law currently stands, anyone that uses crypto for any transaction, regardless of amount, must report gains on the value of th...
Lido DAO Votes No to Sale of 10M LDO to Dragonfly Capital
Lido Finance’s decentralized governance body – Lido DAO – has voted against a proposal to sell 10 million LDO tokens (1% of the supply) for $14.5 million in DAI to venture capital firm Dragonfly Capit...
Lido DAO votes no to selling $14.5 million in LDO tokens to Dragonfly Capital
The Lido Finance community has voted against a proposal to sell 10 million LDO tokens for $14.5 million to venture capital firm Dragonfly Capital, according to a vote that concluded on Monday. Monday’...
LidoDAO says no to selling $14.5M in LDO tokens to Dragonfly Capital
LidoDAO, the governance body that controls Lido Finance, has voted to reject a proposal that would have sent 1% of the LDO token supply to Dragonfly Capital in exchange for about $14.5 million in Dai ...
The downfall of Three Arrows Capital (3AC): What went wrong?
The past few weeks have been turbulent, even for hardened market participants. The crypto market lost massive value, and some players were wiped out. However, this time, there are also big names among...
Three Arrows Capital founders miss the mark in first interview since firm’s collapse
In the same week court documents showed that collapsed hedge fund Three Arrows Capital (3AC) owed creditors more than $3.5 billion, an interview given by its founders has sparked outrage among crypto ...
Tesla Boosts Capital Spending Plan, Reveals New SEC Subpoena
(Bloomberg) — Tesla Inc. increased its capital expenditure plan by billions of dollars after Chief Executive Officer Elon Musk referred to the carmaker’s new factories as “gigantic money furnace...
Last Week [In] Crypto: Tesla Unloads Bitcoins, Three Arrows Capital Founders Resurface, Emmer Blasts SEC
It’s been a rough week for crypto but not to worry, Be[in]Crypto has collated the leading stories creating all the buzz in the markets. Crypto exchanges are expanding their turf, Finland makes a donat...
SenseTime defied US sanction to raise capital in Hong Kong. Where does it go from here?
For years, Xu Li toiled with millions of lines of computer codes to establish an artificial intelligence (AI) system to empower manufacturing, enhance surveillance and enrich social matrix. Then in Oc...
Founders of Bankrupt Three Arrows Capital Emerge From Unknown Location As Creditors Seek $2,800,000,000: Report
The founders of a troubled crypto hedge fund have reportedly reappeared after leaving their creditors high and dry with a multi-billion dollar bill for over a month. According to a new report by Bloom...
It’s time to overweight small caps as ‘they’ve come very close to pricing in recession’: RBC Capital
Small-cap stocks have attracted more investors and analysts attention this week with their benchmark index the Russell 2000 jumping 3.5% on Tuesday to 1799 points, its biggest one day percentage gain ...
Lido DAO voting on proposed $14.5 million token sale to Dragonfly Capital
Lido DAO, the decentralized governance for Lido Finance, has begun voting on a proposed token sale to venture capital firm Dragonfly Capital, according to data from Snapshot. This token sale is half o...
Three Arrows Capital Founders Reveal Reasons Behind Downfall
36 seconds ago | 2 mins read Defi News Overexposure to Terra, staked Ethereum, and Grayscale’s Bitcoin trust are blamed. Zhu said that when it came to Terra, he originally saw no warning signs. A Bloo...
Three Arrows Capital Co-founders Reveal Three Reasons Behind The Firm’s Collapse
The Crypto industry witnessed the fall of several leading crypto firms this crypto winter. Three Arrows Capital or 3AC is one such crypto entity. 3AC went bankrupt due to a significant sell-off in cry...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem – Bitcoin News
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypt...
Embattled Three Arrows Capital Resurface after Five Weeks, Break Silence on ‘Wrong’ Allegations Directed at Them
Three Arrows Capital cofounders finally granted an interview to refute allegations that they moved funds before the company collapsed. The embattled cofounders of Three Arrows Capital (3AC) recently r...
Three Arrows Capital Founders Cite 3 Key Crypto Trades That Blew Up the Firm
The two co-founders of the recently bankrupt crypto hedge fund Three Arrows Capital (3AC), Su Zhu and Kyle Davies, have broken their silence in a new interview with Bloomberg, published today. Zhu an...
Mike Novogratz Reacts to BitMEX’s CEO Mockery of Three Arrow Capital (3AC) Founders’ Interview
– Advertisement – Novogratz: “Well said. Don’t even know where to begin….” Mike Novogratz, the CEO of Galaxy Digital Investments, has reacted to BitMEX’s co-founder’s comments on the Three...
Three Arrows Capital Founders Break Their Silence, Reportedly Look to Move to Dubai
The founders of the now insolvent Three Arrows Capital (3AC) Su Zhu and Kyle Davies have broken the silence in an interview with Bloomberg. After almost five weeks in hiding, the disgraced founders ga...
Coinbase Closes Gates For Three Arrows Capital, Voyager And Celsius
Coinbase shared a blog post to confirm that they won’t allow insolvency prone firms any financing exposure. Three Arrows Capital, Voyager and Celsius are the recent organizations to file for bankruptc...
Three Arrows Capital liquidators control $40M of the fund’s assets
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated t...
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’ – Bitcoin News
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not...
Three Arrows Capital Founders Finally Speak From Undisclosed Location, Refute Claims Of Fraud
– Advertisement – Three Arrows Capital Founders Finally Spoke. The founders of the collapsed crypto hedge fund 3AC have shared their side of the story from a hidden location in the UAE, ac...
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
3AC continued to borrow from lenders expecting a market rebound. This was until bitcoin (BTC) fell to nearly $20,000 in late June, causing the firm’s positions to go awry and making it unable to repay...
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
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Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were...
Venture Capital Firm NFX Adds $62.6M in Follow-On Investments, Including Crypto Companies
Beller co-created Facebook’s libra stablecoin project (the company is now Meta and libra, renamed diem, was recently shut down) before joining NFX in September 2020. The company’s Fund III – whi...
Here are the top 5 energy stocks, according to Goldman Sachs
Goldman Sachs on Monday picked five top energy stocks of ahead of their quarterly earnings, saying it keeps a “constructive” view on the sector thanks to cash flows and valuations, among other highlig...