Business | ForkLog

ForkLog 22 23.06.2023

Siemens processes euro payments with JPM Coin from JPMorgan

JPMorgan offered JPM Coin stablecoin for euro transactions. The first client was Siemens, the German industrial conglomerate.

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ForkLog 8 23.06.2023

Prime Trust freezes withdrawals after Nevada regulator order

Crypto custodian Prime Trust suspended deposits and withdrawals in fiat and digital assets following the Nevada Department of Business and Industry's order.

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ForkLog 6 23.06.2023

Robinhood to acquire fintech startup X1 for $95 million

Online broker Robinhood has agreed to acquire X1, a platform that offers a no-annual-fee cashback credit card. The deal is expected to be worth about $95 million.

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ForkLog 9 20.06.2023

Crypto advocate set to become Alibaba’s new chairman of the board

Co-founder Joseph Tsai will replace Daniel Zhang as chair of Alibaba's board.

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ForkLog 6 15.06.2023

Crypto broker FPG halts withdrawals after $15 million loss

Floating Point Group, a prime broker, halted trading, deposits and withdrawals after a cybersecurity incident. Preliminary losses were estimated at $15-20 million.

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ForkLog 4 14.06.2023

Prime Trust’s payments unit files for bankruptcy

Banq, the payments subsidiary of the crypto custodian Prime Trust, filed for Chapter 11 bankruptcy protection in the United States District Court for the District of Nevada.

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ForkLog 7 13.06.2023

Media: Binance.US hires former SEC enforcement official

The U.S. unit of the bitcoin exchange Binance hired former SEC enforcement official George Canellos.

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ForkLog 12 13.06.2023

BlockFi eyes summer resumption of client withdrawals

The crypto-lending platform BlockFi expects to complete testing to allow some clients to withdraw funds this summer.

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ForkLog 13 13.06.2023

Haru Invest platform halts withdrawals

The South Korean platform for crypto-asset management Haru Invest has halted withdrawals and deposits, citing problems with service partners.

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ForkLog 13 12.06.2023

TaxBit cuts staff by 40%

TaxBit, the software developer for calculating taxes and automating cryptocurrency accounting, laid off 80 employees (about 40% of its staff).

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ForkLog 9 08.06.2023

Circle hires former CFTC chair Heath Tarbert as chief legal officer

The Circle subsidiary, the co-issuer of the stablecoin USDC, announced the appointment of former CFTC chairman Heath Tarbert to the position of chief legal officer.

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ForkLog 8 08.06.2023

Coinbase says it will not change its business model amid an SEC lawsuit

The bitcoin exchange Coinbase does not plan to stop offering services or adjust its listings in response to the SEC's claims, according to management.

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