Three Arrows Capital buys Ethereum worth $56M, despite CEO’s ‘love and abandonment’

Like many cryptocurrencies, Ethereum has been growing in value since last year. But not without a considerable amount of volatility, price corrections, and speculations. At press time, the token was trading around the $3,820 mark, with a 4.5% setback. Well for some this might induce fear but for long-term/prominent  investors, this indicates a “Buy-the-dip” scenario. … Read more

Three Arrows Capital Buys $660M of ETH Since Billionaire Founder ‘Abandoned’ Ethereum

Three Arrows Capital Ltd bought more than $660 million worth of ether (ETH) in the three weeks since billionaire founder and chief executive officer Su Zhu announced he was quitting ethereum. Sponsored Sponsored In total, the Singapore-based hedge fund purchased around 156,000 ether, as crypto markets crashed the weekend of Dec. 4-5, according to a … Read more

Crypto Billionaire Su Zhu ‘Abandons’ Ethereum Due to High Transaction Fees

Su Zhu, the chief executive officer of Singapore-based hedge fund Three Arrows Capital Ltd, said on Nov 21 that he has “abandoned” Ethereum due to high transaction fees, which have alienated new investors. Sponsored Sponsored “Yes, I have abandoned Ethereum despite supporting it in the past,” Zhu outlined in a scathing thread on Twitter. He … Read more