Cryptocurrency Analysis and News Portal
Crypto futures exchange OPNX has launched a credit currency for margin trading, according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the
Read More
The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.In a July 3 Twitter Space, 3AC co-founder Kyle Davies said it would be “good karma” to
Read More
“Along with my colleagues at Brown Rudnick, we are proud to represent Mike Dudas in defense of this lawsuit filed by 3 Arrows Capital’s ‘ecosystem partner’ OPNX,” crypto attorney Stephen Palley told CoinDesk. “In order to prove defamation you have to show, among other things, reputational damage. We look forward
Read More
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform. Source
Read More
The co-founders of failed crypto hedge fund Three Arrows Capital (3AC) — Su Zhu and Kyle Davies — have run into fresh trouble over operating and promoting their new digital-asset platform, Open Exchange or OPNX, without the required local license in Dubai.According to a report published in Bloomberg, Dubai’s Virtual
Read More
The letter was sent on April 18 to OPNX's Kyle Davies and Su Zhu, who are also the founders of 3AC, after two cease-and-desist orders for marketing the exchange to residents of Dubai and the United Arab Emirates were issued by the regulator in February and March. Source
Read More
A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers.On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing”
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OPNX, a crypto bankruptcy claims exchange firm co-founded Kyle Davies, has received backing from distinguished firms, including Appworks, DRW, MIAX Group and Susquehanna International Group (SIG). OPNX tweeted the announcement with CEO, Leslie Lamb, expressing gratitude for
Read More
OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG),
Read More
OPNX had included DRW in list of "major investors" in a tweet earlier Friday. Source
Read More