31 August 2022
Three Arrows Capital (3AC) was one of the world’s largest venture capital firms in crypto. In the past year, the firm had made moves that left a significant impact in the industry. Some examples include Zhu Su, the co-founder of 3AC, claiming to have abandoned Ethereum in November 2021, which resulted in the price of […]
22 July 2022
Bitcoin and other cryptocurrencies enjoyed decent gains throughout the week, with the world’s largest currency currently changing hands at US$22,955.55 after climbing 12% over the last 7 days. But it’s the sudden growth of Ethereum (ETH) that has turned heads. The coin has risen by more than 30% in the past week to reach US$1,562.81 […]
19 July 2022
A leaked affidavit has revealed that Genesis Asia Pacific, a subsidiary of Digital Currency Group, is the biggest creditor of embattled crypto hedge fund Three Arrows Capital, having provided the now insolvent firm with a US$2.36 billion loan that was under-collateralised and had a margin requirement of 80%.
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