Business | ForkLog

ForkLog 20 21.08.2023

Recur project to close two years after raising $50m

NFT platform Recur announced it would cease operations on 16 November 2023. On 18 August the platform halted new user registrations and closed token sales.

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ForkLog 5 07.08.2023

Bloomberg reports OPNX plans to acquire Hodlnaut

The OPNX exchange, founded by the co-founders of the collapsed hedge fund 3AC, Su Zhu and Kyle Davies, seeks to acquire a controlling stake in the troubled crypto-lending platform Hodlnaut.

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ForkLog 6 02.08.2023

FTX creditors criticise proposed restructuring plan

The FTX creditors' committee described the plan proposed by management for restructuring as 'ideas', noting the absence of formal negotiations for its discussion.

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ForkLog 6 31.07.2023

Tether reports $850m net profit in the second quarter

The issuer of the USDT stablecoin, Tether Limited, for the April–June 2023 period, recorded net profit of $850 million.

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ForkLog 9 26.07.2023

KuCoin denies plans for mass layoffs

The cryptocurrency exchange KuCoin denied reports that it planned to lay off 30% of its total staff, about 1,000 employees.

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ForkLog 4 25.07.2023

In Russia, officials tout benefits of moving business to the digital ruble.

The introduction of the digital ruble will help entrepreneurs considerably reduce the acquiring fees charged by banks, according to the Chamber of Commerce and Industry.

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ForkLog 4 24.07.2023

Delio platform warns of potential closure after asset seizure

South Korea-based crypto-lending platform Delio said it faced difficulties returning to normal operations after assets were seized by the FSC.

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ForkLog 10 21.07.2023

Journalists report forthcoming sale of CoinDesk

A group of investors is in the final stages of negotiations to buy the crypto-focused publication CoinDesk, valued at $125 million.

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ForkLog 4 20.07.2023

Terraform Labs appoints interim CEO

Former Terraform Labs (TFL) chief operating officer Chris Amani will assume the role of interim CEO.

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ForkLog 9 17.07.2023

ConsenSys denies reports it is seeking funding.

The company behind the cryptocurrency wallet {{AOPEN_1}}MetaMask{{ACLOSE_1}} — ConsenSys — said it has sufficient funds to continue operating amid rumours of talks over a potential capital infusion.

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ForkLog 7 17.07.2023

FSB at the G20 outlines recommendations for global crypto regulation

The Financial Stability Board (FSB) under the G20 has developed recommendations for a global regulatory framework for cryptocurrencies.

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ForkLog 7 15.07.2023

Binance lays off more than 1,000 employees, reports WSJ

Over recent weeks, the cryptocurrency exchange Binance has cut more than 1,000 employees, The Wall Street Journal reports, citing its own sources.

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