BlackRock expected to offer crypto trading as Three Arrows exec says long Bit...
Concerns over stock market strength are far from universal as crypto correlation to U.S. equities fails to phase 3AC’s Zhu Su. Bitcoin (BTC) and Ether (ETH) are sure long bets for 2022, prominent investor and commenter Zhu Su says.In a tweet on Feb. 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), argued that BTC and ETH were the best options for investment this year, along with oil, while the S&P 500 is a no-go.Zhu: 2022 macro trades “pretty clear”Despite concerns that deflationary pressures could take Bitcoin and altcoins down with equities, not everyone believes that 2022....
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BlackRock, world’s largest money manager has entered a partnership with crypto exchange Coinbase on Thursday. BlackRock now will be able to offer institutional clients access to cryptocurrency trading along with custody services. This is a positive news amidst negative sentiment spread across the industry, the crypto downturn has forced investors to dump their assets owing […]
Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management (AUM), BlackRock is one […]
More stablecoins find their way to exchanges than ever before — where will they be deployed next? Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins.Data from on-chain analytics platform CryptoQuant shows that this week, exchanges’ total stablecoin reserves passed 27 billion for the first time.Exchange users herd stablecoins to accountsAfter reaching a previous peak in late December, stablecoin reserves tumbled at the start of 2022 as BTC/USD and altcoin markets fell in tandem to....
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the United Arab Emirates. Zhu said that he would “maybe” accept being called “stupid,” but people saying that he “absconded funds during the last period” is “not true.”
3AC Founders Discuss the Company’s Financial Woes
The....
The founders of Three Arrows Capital are nowhere to be found, a filing by advisory firm Teneo, which is expected to liquidate the remaining assets of the embattled cryptocurrency hedge fund, disclosed. Late in June, Three Arrows filed for Chapter 15 bankruptcy in the British Virgin Islands as a result of a severe selloff in […]