Business

From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it

From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it

As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its …

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Canadians' anger over Rogers outage may complicate its merger hopes

Canadians’ anger over Rogers outage may complicate its merger hopes

TORONTO, July 10 (Reuters) – Rogers Communications (RCIb.TO) complicated its chances of getting antitrust approval for a C$20 billion telecom merger after Friday’s massive outage highlighted the perils of Canada’s effective telecom monopoly and sparked a backlash against its industry dominance. The Rogers network outage disrupted nearly every aspect of daily life, cutting banking, transport …

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