Embattled crypto fund Three Arrows Capital has been ordered by a court in the British Virgin Islands to liquidate because it has failed to pay creditors, according to multiple U.S. media reports today (June 29). The fund’s management previously acknowledged financial struggles tied to plunging...
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By the end of the year, more than half of the 10 largest neobanks will be offering clients cryptocurrency products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Anchorage Digital, an institutional crypto custody firm, will be introducing ether staking for institutions, the company announced Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Former U.S. Acting Comptroller of the Currency Brian Brooks said recently that evaluating cryptocurrencies based on their capacity to serve as surrogates for the U.S. dollar is the wrong way to look at them, CNBC reported Tuesday (June 28). Get the Full Story Complete the...
Circle Internet Financial, which issues the stablecoin USD Coin, or USDC, Tuesday (June 28) announced a custody agreement under which New York Community Bancorp will serve as a custodian for USDC reserves. Get the Full Story Complete the form to unlock this article and enjoy...
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Gary Gensler’s comments in an interview Monday (June 27) left little doubt that the power play for regulatory authority over the crypto industry against the Commodity Futures Trading Commission (CFTC) is far from settled. Get the Full Story Complete the form to unlock this article...
In the past few months, a growing number of hedge funds from outside the cryptocurrency industry have been shorting Tether’s UDST, the largest stablecoin, to the tune of hundreds of millions of dollars. The result could be chaos in the cryptocurrency industry, potentially sending bitcoin...
