Blockchain.com Loses $270M in 3AC Chaos

2022-7-9 21:29

Three Arrows Capital owes $270 million to crypto lending platform Blockchain.com, though the CEO has insisted in a letter to shareholders that the company remains liquid and customers would not... origin »

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blockchain letter ceo insisted shareholders remains customers

Источник: cryptobriefing.com

blockchain letter → Результатов: 126


New York Department of Financial Services urges crypto firms to use blockchain analytic services

New York’s Department of Financial Services (NYDFS) has issued guidelines on the use of Blockchain analytics to all licensed crypto startups within New York. Through a letter addressed to all digital currency entities licensed under the New York Banking Law (23 NYCRR Part 200), the government agency emphasized the importance of blockchain analytics in conducting […]

2022-5-4 00:46


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Ripple Executives Move To Quash SEC’s Probe Into Their Personal Financial Statements

Two senior executives at blockchain technology company Ripple are seeking to throw out the United States Securities and Exchange Commission’s (SEC) request to access their personal bank statements. On March 11, Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen sent a letter to the New York judge Sarah Netburn asking her to block SEC’s […]

2021-3-13 20:22


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PayPal purchased 70% of all newly-mined BTC over the past month

Payments giant PayPal bought up to 70% of all newly-mined BTC over the past month since it started offering crypto services on October 21 this year. Pantera Capital, a hedge fund manager, unveiled this news in its most-recent monthly blockchain letter, adding that combined with Square’s Cash App, the two firms are purchasing more than 100% of all newly-issued BTC.

2020-11-24 14:55


Pantera Capital: ‘We Are in the Early Stages of a Large Bull Market’

Now that the Fed has tipped its hand, revealing that interest rates will remain near zero for the foreseeable future — possibly through 2023 — bitcoin bulls are revving up their engines. Pantera Capital CEO Dan Morehead pounced on the Fed’s quantitative easing, pointing out in a Blockchain Letter that corporate America is in for […] The post Pantera Capital: ‘We Are in the Early Stages of a Large Bull Market’ appeared first on BeInCrypto.

2020-9-17 00:23


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Bangladesh: Standard Chartered Issues Letter of Credit on Blockchain

Standard Chartered Bank has successfully executed Bangladesh’s first blockchain trade transaction by issuing a Letter of Credit over the Contour blockchain network, New Age reports. Letter of Credit Issued on Blockchain In a first for Bangladesh, Standard Chartered Bank issued a Letter of Credit for ready-made garment exporter Viyellatex Ltd.

2020-8-17 22:15


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Japan’s Third-Largest Bank Joins Blockchain Consortia to Enhance Trade Efficiency

Faced by work disruptions caused by the novel coronavirus and the need to function efficiently even during crises, Sumitomo Mitsui Bank Corporation (SMBC) has today (July 21, 2020) signed a letter of intent to join Contour’s Beta Network and scored a membership deal with Switzerland’s Komgo–a blockchain-based commodity trading platform whose shareholders are drawn from banking,Read MoreRead More.

2020-7-22 01:07


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First-Ever Blockchain Letter of Credit Transaction Carried out by Chinese Steelmaker

Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency.

2020-5-14 15:16


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Teeka Tiwari Investment of the Decade Report Shares 3 Best Blockchain Stocks of Today

The Investment of the Decade research report by Teeka Tiwari is focused on a foundational technology (like the internet and electricity) known as blockchain distributed ledger technology and America's number one investor has three of the best blockchain-based stocks to offer those who subscribe to his Palm Beach Research Group's Letter. Watch Teeka's Investment of […]

2020-2-18 08:49


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Crypto Group Asks IRS to Make Small Payments Tax-Free

The Wall Street Blockchain Alliance is the latest to ask the U. S. Internal Revenue Service (IRS) to consider a ‘de minimis’ exemption for crypto tax payments below a specific value. IRS Should Reduce Crypto Tax Burden According to Law360, the Wall Street Blockchain Alliance has written a letter to the IRS calling for tax exemptions for crypto transactions below a certain threshold.

2020-2-6 19:00


US Treasury Department Pilots Blockchain-Based Federal Grants Tracking System

The US Treasury Department, which is in charge of government revenue, has been reported to experiment with blockchain tech in order to develop a system that tracks federal grants. The proof-of-concept (PoC) program that’s intended for a blockchain-based grant recipients’ letter of credit is about to be completed, says Craig Fischer, the manager of the […]

2020-1-14 20:46


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Standard Chartered Bank Issues First DLT-Powered Letter of Credit

In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More.

2019-8-8 13:00


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Ripple Execs Urge U.S. Authorities to Focus on Regulatory Clarity for Cryptocurrency

Ripple CEO, Brad Garlinghouse, and Executive Chairman and Co-founder of Ripple, Chris Larsen, expressed concerns regarding regulatory ambiguity in the United States. In an open letter to the U. S. Congress on July 28, 2019, both top executives stated that lack of clear cryptocurrency regulations is bound to stifle crypto business in the U.

2019-7-29 17:59


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Ripple CEO Praises Central Banks in US Congress Open Letter

Ripple, the entity notionally behind cryptocurrency XRP, has asked US lawmakers for more advantageous regulation, saying it is “serving the greater good. ” Ripple Wants To ‘Serve Greater Good’ In an open letter to Congress ahead of a fresh hearing on crypto and blockchain policy July 30, CEO Brad Garlinghouse requested politicians not apply a one-size-fits-all approach to the industry.

2019-7-29 15:00


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In an Open Letter to Prime Minister Modi, CoinRecoil’s Founder Doesn’t Hold Back

CoinRecoil, a defunct Indian cryptocurrency exchange, had earlier filed a writ petition against the RBI circular to ban crypto firms from using traditional banking services. Kunal Barchha, the co-founder of the exchange, wrote an open letter to Prime Minister Narendra Modi, detailing all of his concerns and frustration, as reported by INC42, June 30, 2019.

2019-7-2 19:00


Bank of America Merrill Lynch Promoting Ripple’s Cross Border Solutions

A Slideshare by Bank of America Merrill Lynch (BAML) and uploaded by Swift, “SWIFT LARC 2019 – Innovation in Latin America_BAML” from May 2019 recently surfaced online. Per BAML’s GTS innovation program, the bank is involved in Participation Experimentation Consortium memberships, commercial letter of credit, and proof of concepts bank-to-bank, in the blockchain space. The […]

2019-6-30 16:52


Congress Members Urge Trump’s US National Economic Council to Promote the Use of Blockchain

On Friday, May 24, 2019, Members of Congress formed an alliance in writing a bipartisan letter focused towards the Director of National Economic Council, Larry Kudlow. The letter, which was namely led Representatives Trey Hollingsworth and Darren Soto, discussed the need to promote blockchain technology and how it has the ability to do wonders across […]

2019-5-29 22:30


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3AC Founder’s Wife Cashes Out With $38.5 Million Singapore Mansion Sale

A report revealed that the spouse of one of the co-founders of the now-defunct Three Arrows Capital, or 3AC, sold one of their luxurious mansions in Singapore. Related Reading: Crypto Corruption Exposed: Thailand Police Gang Arrested For $165K Extortion Property Sale Despite Asset Freeze Reports disclosed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, successfully […]

Liquidators seek $1.3b from TerraForm Labs over 3AC losses

Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs.  According to an Aug. 12 report by Bloomberg, the claim stems from 3AC’s losses following the 2022…