Business | ForkLog

ForkLog 17 09.10.2023

Media reports on Bitmain’s financial problems

Bitmain, the world's largest maker of mining equipment, partially withheld salaries from all employees in September, according to journalist Colin Wu.

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ForkLog 24 06.10.2023

Ledger to cut 12% of its workforce

The hardware-wallet maker Ledger will undertake staff optimisation due to 'macroeconomic headwinds'.

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ForkLog 28 04.10.2023

Opinion: FTX customers to be fully reimbursed after Anthropic funding round

The successful closing of Anthropic's new funding round of no less than $2 billion will raise the AI startup's valuation to $20-30 billion and create the basis for FTX customers to be fully reimbursed.

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ForkLog 26 02.10.2023

Chia Network lays off a third of its staff

The blockchain company Chia Network has laid off 24 of its 70 employees.

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ForkLog 11 26.09.2023

British Chase Bank to halt transfers to crypto startups

From October 16, the second-largest by assets in the United Kingdom, Chase Bank, will stop processing payments to crypto companies due to an increase in fraud cases related to digital assets. CoinDesk reports this.

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ForkLog 12 26.09.2023

Opinion: Mining companies seek to diversify revenue

Mining companies are exploring ways to diversify their sources of revenue. This conclusion was reached by Compass Mining analyst Anthony Power.

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ForkLog 15 22.09.2023

Journalists assess EU jurisdictions’ attractiveness for crypto firms

Of the 2,000 registered crypto firms in the EU, 938 are based in Poland—nearly twice as many as Lithuania in second place (499).

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ForkLog 19 21.09.2023

Tether resumes lending in its USDT stablecoin

The issuer of USDT, Tether Limited, has resumed lending in its own stablecoin, a year after assurances that such practice had ceased. The Wall Street Journal reports.

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ForkLog 14 21.09.2023

Tether bets $420m on Nvidia GPUs

The USDT issuer, Tether Limited, spent $420m on acquiring 10,000 Nvidia H100 chips. The GPUs will be the payment for 20% stake in the mining company Northern Data.

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ForkLog 20 18.09.2023

Binance.US trading volume sinks amid SEC dispute

On September 16, Binance's U.S. trading volume fell to $5.1 million amid restructuring and the departure of CEO Brian Schroeder following allegations by the SEC.

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ForkLog 16 15.09.2023

Media reports the departures of two top Binance.US executives

The heads of Binance.US's legal department, Krishna Juvvadi, and the head of risk, Sidney Majalya, have left the company.

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ForkLog 19 14.09.2023

Binance.US outlook remains murky until CZ sells his stake, sources say

Growth prospects for Binance.US are limited due to ties between the business and Changpeng Zhao, the CEO of the global platform, and the current regulatory environment, according to an internal presentation reviewed by sources The Block.

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