Business | ForkLog

ForkLog 20 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 8 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 8 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 10 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 27 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 16 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 18 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 17 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 10 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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ForkLog 18 01.06.2023

Media reports of Binance layoffs

The bitcoin exchange Binance has begun layoffs. The share of laid-off staff is reportedly 20%, according to reporter Colin Wu citing his own sources.

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ForkLog 10 29.05.2023

Temasek trims pay for top executives tied to FTX investments

Temasek Holdings staff in Singapore involved in the $275 million FTX investments will face reduced compensation, though an internal review found no breaches of fiduciary duties.

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ForkLog 11 26.05.2023

Canaan’s quarterly loss narrows to $84.4 million

For the first quarter, the mining equipment maker Canaan reported a net loss of $84.4 million after a loss of $91.6 million in the previous period.

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