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3AC co-founder Kyle Davies told CryptoX that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past. Source
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As of June 20, Circle added $2.2 billion of T-bills to the fund, while repos constituted some 90% of the fund’s $24.7 billion in assets, according to BlackRock’s website. The company held an additional $3.5 billion in bank deposits, the “vast majority, over 90%” stored at the Bank of New
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On June 21, OPNX exchange, a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed "3AC Ventures." According to developers, "the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future." OPNX was founded by Su Zhu and Kyle
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Well-known crypto executives across the globe have donated to blockchain investigator ZachXBT, aiding in his legal defense against a defamation lawsuit broughtby someone he accused of fraud.ZachXBT is known to his 412,900 followers on Twitter for his investigative work in the blockchain and cryptocurrency sector. On June 16, Jeffrey Huang,
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We’re excited to introduce Zachari Saltmer. His peers call him Zatoshi. He is a co-founder and fund manager at One Big Fund. Saltmer has years of experience collaborating with industry leaders as an expert in digital ledger technologies like blockchain. He also brings insights into how innovation impacts businesses. Discussing the blockchain
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The nonprofit has also received donations from digital assets firm Nexo. Block CEO Jack Dorsey and his Start Small funding group have yet again lent support to a Bitcoin-focused project. This follows after a recent announcement by Brink revealed that the Start Small fund has committed to donating $5 million to
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Brink, a nonprofit organization aimed at supporting Bitcoin developers, has announced a $5 million donation from Block CEO Jack Dorsey and his Start Small funding group.In a June 14 tweet, Brink said Dorsey and Start Small pledged to make $1 million in donations annually for the next five years as
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On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend
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The company cited the challenging environment as a reason behind its headcount cut. Amid crypto winter and uncertain market conditions, companies continue to employ cost-cutting measures that often include layoffs. Digital asset management firm Arca is one the latest on the list of those currently in the middle of staff downsizing.
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“Growth has been hard to predict in this extended bear market and uncertain regulatory environment,” a spokesperson for Arca told CryptoX. “Our headcount adjustment will allow us to preserve capital and resources giving us a greater chance of success until this sector experiences a shift in sentiment and a clear
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