Page 34 - Three Arrows News Today

Crypto firm Genesis Global Trading is weighing bankruptcy after cutting 30% of its staff, The Wall Street Journal reported Thursday, citing anonymous sources.

The legal action comes as Genesis parent company Digital Currency Group (DCG) faces mounting pressure from crypto exchange Gemini.

Cameron Winklevoss penned an open letter over funds reportedly owed to Gemini Earn customers; Barry Silbert denies the accusations.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Venture capital financing of crypto projects accelerated in the first half of 2022 as attention shifted to Web3 and blockchain gaming.

Crypto tokens that fell below the $1 billion market cap threshold include Terra Classic, as well as Helium, Axie Infinity, and The Sandbox.

As bankruptcy courts in the US and Bahamas try to untangle the mess, a group of former customers has filed ...

Moreover, the crypto market is expected to settle down with not-so-good projects giving way to stable projects.

Two stalled China Evergrande Group projects in Kunming, the capital of China’s southwestern Yunnan province, are on track for completion after a takeover by Kunming Green Star Construction Development.

SBF’s portfolio, allegedly amassed through extensive fraud and the stealing of customer funds, includes around 500 companies, including Israeli crypto startups StarkWare and Solidus Labs