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Headline: Media: Co-Founder of #3AC Detained at Singapore Airport
According to The Business Times, on September 29th, co-founder of the #bankrupt hedge fund Three Arrows Capital (3AC), Su Zhu, was detained at Changi Airport in Singapore while attempting to leave the country. This incident occurred following demands from Teneo, the company handling the liquidation of 3AC, to take measures against Su Zhu for "willful refusal" to comply with a court order related to cooperation in an investigation.
The company stated that the court had sentenced Su Zhu to four months in prison. A similar decision, according to journalists, was made regarding another co-founder of the hedge fund, Kyle Davies, but his current whereabouts are unknown.
In July, Teneo expressed hope for the return of $1.2 billion through legal proceedings from Digital #Currency Group and BlockFi. Earlier, the liquidators of 3AC filed a lawsuit against Su Zhu and Kyle Davies, demanding the return of $1.3 billion. In May 2022, reports emerged about the possible insolvency of Three #Arrows Capital following the cryptocurrency market crash.
In June, the British Virgin Islands court ordered the liquidation of the hedge fund. In July, 3AC filed for bankruptcy in a New York court. According to #Nansen, the organization managed assets worth approximately $10 billion.
According to The Business Times, on September 29th, co-founder of the #bankrupt hedge fund Three Arrows Capital (3AC), Su Zhu, was detained at Changi Airport in Singapore while attempting to leave the country. This incident occurred following demands from Teneo, the company handling the liquidation of 3AC, to take measures against Su Zhu for "willful refusal" to comply with a court order related to cooperation in an investigation.
The company stated that the court had sentenced Su Zhu to four months in prison. A similar decision, according to journalists, was made regarding another co-founder of the hedge fund, Kyle Davies, but his current whereabouts are unknown.
In July, Teneo expressed hope for the return of $1.2 billion through legal proceedings from Digital #Currency Group and BlockFi. Earlier, the liquidators of 3AC filed a lawsuit against Su Zhu and Kyle Davies, demanding the return of $1.3 billion. In May 2022, reports emerged about the possible insolvency of Three #Arrows Capital following the cryptocurrency market crash.
In June, the British Virgin Islands court ordered the liquidation of the hedge fund. In July, 3AC filed for bankruptcy in a New York court. According to #Nansen, the organization managed assets worth approximately $10 billion.
Central banks continue to accumulate gold at the fastest rate ever.
In January and February 2023, central banks collectively bought 125 net tons of metal, the highest amount since 2010.
Why is it interesting?
If you look at the list of net buyers, you will notice that 3 of them are from BRICS countries.
We are witnessing the emergence of a multipolar world, with a world centered on the United States on one side and a world centered on China on the others.
Gold plays an important role in this multipolarization. The BRICS need the precious metal to support their currencies and move away from the US dollar.
It is therefore clear that investors should gain exposure to gold and gold mining companies.
#Economy #Banks #Currency
In January and February 2023, central banks collectively bought 125 net tons of metal, the highest amount since 2010.
Why is it interesting?
If you look at the list of net buyers, you will notice that 3 of them are from BRICS countries.
We are witnessing the emergence of a multipolar world, with a world centered on the United States on one side and a world centered on China on the others.
Gold plays an important role in this multipolarization. The BRICS need the precious metal to support their currencies and move away from the US dollar.
It is therefore clear that investors should gain exposure to gold and gold mining companies.
#Economy #Banks #Currency
#US #Banks Facing โFalse Sense of Comfortโ Amid Rising Signs of Credit Stress, Says Banking Regulator...
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking #system.
In a new statement from the Office of the Comptroller of the #Currency (OCC), Hsu says that banks should be โon the balls of their feetโ with regards to risk management as credit #markets begin to weaken.
Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking #system.
In a new statement from the Office of the Comptroller of the #Currency (OCC), Hsu says that banks should be โon the balls of their feetโ with regards to risk management as credit #markets begin to weaken.
Well I don't know if it's become reality or not but I really think that crypto will be the currency of the Mars and out there every where in the universe. #CryptoTalks #Currency #Future #Wahaj
Latest News on #Russian Digital #Currency
Russian Central Bank to Test Digital Ruble with 13 Banks
The Russian Central Bank wants to try out a new kind of money called the "Digital Ruble." It's like regular money, but instead of using physical coins and bills, it's all stored and used on computers or phones. The bank wants to see if this type of money will work well with 13 different banks. It's like when you try a new game or toy with your friends to see if everyone likes it and if it works properly.
#crypto2023 #bitcoin #Binance
$BTC $WLD
Russian Central Bank to Test Digital Ruble with 13 Banks
The Russian Central Bank wants to try out a new kind of money called the "Digital Ruble." It's like regular money, but instead of using physical coins and bills, it's all stored and used on computers or phones. The bank wants to see if this type of money will work well with 13 different banks. It's like when you try a new game or toy with your friends to see if everyone likes it and if it works properly.
#crypto2023 #bitcoin #Binance
$BTC $WLD
๐๐จ How much does a USDT worth In different countries ๐จ๐
India : 85 Inr ๐ฎ๐ณ
Pakistan :- 275 Pkr ๐ต๐ฐ
Germany - 0.89 Euro ๐ฉ๐ช
UAE -: 3.65 Aed ๐ฆ๐ช
Russia :- 90 RUB ๐ท๐บ
Nigeria :- 780 NGN ๐ณ๐ฌ
kuwait :- 0.31 Kwd ๐ฐ๐ผ
What is price in your country ?
Also These prices are subjected to different market rates. plus more of a currency in Comparison in usdt Doesnโt necessarily means more money. It might be that PPP or purchasing power parity of a currency could be low.
#Currency #Binance
India : 85 Inr ๐ฎ๐ณ
Pakistan :- 275 Pkr ๐ต๐ฐ
Germany - 0.89 Euro ๐ฉ๐ช
UAE -: 3.65 Aed ๐ฆ๐ช
Russia :- 90 RUB ๐ท๐บ
Nigeria :- 780 NGN ๐ณ๐ฌ
kuwait :- 0.31 Kwd ๐ฐ๐ผ
What is price in your country ?
Also These prices are subjected to different market rates. plus more of a currency in Comparison in usdt Doesnโt necessarily means more money. It might be that PPP or purchasing power parity of a currency could be low.
#Currency #Binance
๐จ BREAKING ๐จ
DONALD TRUMP EX PRESIDENT OF
U.S.A ( Let People pay through Bitcoin )
TRUMP IS ULTRA BULLISH ON CRYPTO
AND BITCOIN.
THIS IS MASSIVE ๐ฅ
#HotTrends #GALA #BTC #DonaldTrump #Currency #newupdate
DONALD TRUMP EX PRESIDENT OF
U.S.A ( Let People pay through Bitcoin )
TRUMP IS ULTRA BULLISH ON CRYPTO
AND BITCOIN.
THIS IS MASSIVE ๐ฅ
#HotTrends #GALA #BTC #DonaldTrump #Currency #newupdate
Imagine Ethereum as a magical kingdom where ETH is the currency. ๐ฐ After the Merge, which was like a grand spell, the kingdom started using less currency for daily magic (transactions), making ETH super rare and valuable. โจ But then came the Dencun upgrade, a new chapter in the spellbook, designed to make magic cheaper and more accessible to everyone. ๐โจ
With cheaper spells, the kingdom didnโt need to use as much currency, so less ETH was being burned in the magical cauldron. ๐ฅ As a result, the treasury started to fill up again, and ETH became more common, like finding coins under the sofa cushions! ๐๏ธ๐ฐ
So, while the kingdomโs treasury is growing, and ETH is not as rare as it was right after the Merge, the real magic of Ethereum is still in the amazing spells (DApps) you can cast with it. ๐งโโ๏ธ๐ฎ Whether ETH is rare or abundant, the kingdom thrives on the wonders its magic can create!
Hope that adds a bit of warmth and humanity to the story of Ethereumโs latest adventure! ๐
#Ethereum #ETH #Currency #Dapps
With cheaper spells, the kingdom didnโt need to use as much currency, so less ETH was being burned in the magical cauldron. ๐ฅ As a result, the treasury started to fill up again, and ETH became more common, like finding coins under the sofa cushions! ๐๏ธ๐ฐ
So, while the kingdomโs treasury is growing, and ETH is not as rare as it was right after the Merge, the real magic of Ethereum is still in the amazing spells (DApps) you can cast with it. ๐งโโ๏ธ๐ฎ Whether ETH is rare or abundant, the kingdom thrives on the wonders its magic can create!
Hope that adds a bit of warmth and humanity to the story of Ethereumโs latest adventure! ๐
#Ethereum #ETH #Currency #Dapps
