Auto Added by WPeMatico

Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced

According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the…

Continue ReadingReport: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced

US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets

A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put…

Continue ReadingUS Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets

Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure

According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared…

Continue ReadingReport: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure