Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela
Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.
Finance
Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund’s Founders: Bloomberg
The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.
Hong Kong’s HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That’s Not Really News
HSBC’s customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange in December.
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
BitGo Still Sees Consolidation in Crypto Custody After Spurning Prime Trust: CEO
CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
APLD Signs Artificial Intelligence Hosting Deal Worth Up to $460M
Shares of miner Applied Digital surged on Nasdaq as the firm announced a second AI cloud hosting deal.
BCB Group’s Deputy CEO Departs After Failed German Bank Acquisition
The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.
Northstake Raises $3M to Boost Institutional Crypto Staking
The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund.
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
The search engine combines real-time data with large language models like ChatGPT.
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.