A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital.
SEBA Bank has announced new NFT custodial capabilities despite the downturn. They say they aren't the only ones taking the assets seriously.
Bitcoin is the financial phenomenon of the year; Peter Renton, Founder of Lend Academy and Co-Founder of LendIt shares his thoughts on cryptocurrencies as well as a breakdown of his holdings. Source
Dianrong is a Chinese online lender run by one of the co-founders of Lending Club, Soul Htite; the company is planning an IPO in Hong Kong and could raise $500 million next year. Source
AxiaFunder is the first UK for-profit litigation funding platform; they are now launching a Seedrs capital raise which is open...
Crypto Currency news, trends, and analysis.
The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped down as CEO effective immediately. This follows the news on Monday that Cagney would be stepping down as CEO by the end of the year. But the bad news this week kept escalating and the board decided it needed to take action now. Source.
Real estate alternative investment platform AlphaFlow raised $4.1mn led by Resolute Ventures and Point72 Ventures; they plan to use the funds to scale partnerships with lenders and investors, accredited individual investors and investment managers; they also plan to hire more individuals for the data science and engineering division and potentially look at more asset classes int the future. Source.
Chinese bitcoin exchange ViaBTC plans to open an overseas platform after Beijing ordered the closure of all cryptocurrency exchanges on the mainland; ViaBTC announced a week ago that it would follow Beijing’s orders and shut down its Chinese exchange business by the end of September. Source
Two of the top digital banks are now joining forces to offer savings accounts; Monzo and OakNorth are teaming up...