Source claims 3AC’s Deribit exposure is worth much less than reported

Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit.  In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was … Read more

BNP Paribas To Partner WIth Metaco For Digital Asset Custody – Bitcoin Magazine

BNP Paribas, a leading private bank in the Eurozone, is reportedly entering the custody space for bitcoin and other cryptocurrencies. The bank will partner with Metaco, a Swiss digital asset custody firm who has existing banking partnerships. It is unclear whether or not Metaco will serve as custodian or a consultant and what digital assets … Read more

Fedi Global Bitcoin Adoption Tech – Bitcoin Magazine

This is an opinion editorial by Obi Nwosu, full-time Bitcoin advocate and board member for ₿trust, a not-for profit organization originally conceived by Jack Dorsey and Jay-Z to fund the location, education and remuneration of Bitcoin developers from untapped parts of the world, starting with Africa. Lofoten, Arctic Circle, Northern Norway  Who knew that a … Read more

Luana Pinheiro To Be Paid In Bitcoin Through Bitwage – Bitcoin Magazine

Luana Pinheiro will become the first female UFC fighter to be paid in bitcoin through a partnership with Bitwage. Pinheiro joins her boyfriend Matheus Nicolau who previously adopted a Bitcoin Standard this past March through Bitwage. Bitwage is a payroll service provider that allows anyone in the world to convert their paycheck into bitcoin without … Read more

Celsius Says Bitcoin Mining Key to Restructuring Efforts, Repaying Debts

Celsius Network stated that bitcoin mining is the key to the cryptocurrency lender’s restructuring efforts as it received approval from a U.S. bankruptcy judge to spend $3.7 million in construction costs at a new bitcoin mining facility. Celsius’ hearing was conducted at a U.S. bankruptcy court where U.S. Bankruptcy Judge Martin Glenn also approved $1.5 … Read more

Ethereum Hits a Monthly High above $1,500, Merging Events Continues Engulfing the Market

Ethereum (ETH) returned to levels last seen in June based on renewed momentum following those upcoming potential merging events.  Market insight provider Santiment explained: “Ethereum’s return above $1,500 for the first time since June 12th appears to be happening as the crowd has little belief in this rebound. Despite this, the average ETH return … Read more