WSJ: Crypto hedge fund Three Arrows Capital considers asset sales and bailout
    18 Jun 2022

    According to The Wall Street Journal, cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto…

    Elon Musk reveals plans to integrate crypto payments into Twitter
    18 Jun 2022

    Tesla CEO Elon Musk, who has agreed to purchase Twitter for about $44 billion, spoke on June 16 at an all-hands meeting for the social network company. The billionaire said it “makes sense” to integrate digital payments into Twitter, according to a leaked Q&A session with employees. Billionaire Elon Musk shared further details of his…

    Immutable launches $500 million fund to boost its Web3 and GameFi ecosystem
    18 Jun 2022

    The NFT and Web3 gaming-focused crypto startup Immutable announced Friday that it has launched a $500 million ecosystem development fund to accelerate the adoption of promising Web3 projects building on its Ethereum Layer 2 scaling platform, Immutable X. “The Immutable Developer and Venture Fund,” which is a mix of both cash and Immutable X’s native…