Bitcoin’s daily trading session closed above $17,000 for the first time in almost a month on Sunday, following a favorable showing in US equities to close out last week. The crypto, which is currently...
Tag: Digital Currency Group
Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC
Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...
The Grayscale Dilemma: A Record Discount and a Golden Goose
Grayscale Investments’ Bitcoin Trust has been selling at a record discount in recent days, though some industry watchers don’t expect the trust to liquidate. The ongoing crypto market volatility, most...
Five-member creditor committee formed for Three Arrows Capital’s liquidation
A five-member committee of creditors of bankrupt hedge fund Three Arrows Capital (3AC) has been formed today, according to three sources with knowledge of the matter. The committee is comprised of Dig...
Crypto lender Genesis lent $2.36 billion to Three Arrows Capital
Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
Hong Kong Web3 Software Firm Animoca Brands Invests $1M In Taiwanese VC Fund
Animoca Brands cofounder and chairman, Yat Siu, speaks at a forum in Hong Kong. K. Y. Cheng/South China Morning Post via Getty Images Hong Kong-based Animoca Brands has invested $1 million in a Taiwan...