Cryptocurrency Market

  • Market Cap: $2,405,151,129,172.36
  • 24h Vol: $56,409,600,528.25
  • BTC Dominance: 56.51%

liquidators

hong-kong-judge-rules-crypto-assets-as-‘property,’-following-similar-rulings-worldwide

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide Read More »

bank-of-england-shuts-down-silicon-valley-bank’s-uk-branch-after-us-regulators-close-parent-company

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company Read More »

mirror-trading-international-liquidators-spent-more-than-$6-million-on-lawyers-and-investigators

Mirror Trading International Liquidators Spent More Than $6 Million on Lawyers and Investigators

Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of the collapsed bitcoin Ponzi

Mirror Trading International Liquidators Spent More Than $6 Million on Lawyers and Investigators Read More »

3ac-co-founder-kyle-davies-fails-to-respond-to-liquidators’-subpoena-despite-twitter-delivery

3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators

3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery Read More »

defunct-crypto-hedge-fund-three-arrows-capital-founders-seek-$25-million-to-start-new-exchange-amid-scrutiny

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny

According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny Read More »

three-arrows-capital-founders-served-subpoenas-via-twitter-in-bankruptcy-process

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process

The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter in 2018. Founders of Defunct Crypto Hedge Fund Contacted Electronically

Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process Read More »