Business | ForkLog

ForkLog 13 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 4 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 5 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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ForkLog 6 26.05.2023

Fahrenheit consortium wins Celsius asset auction

The Fahrenheit group has won the bid to manage the assets of the bankrupt Celsius Network.

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ForkLog 185 26.05.2023

Digital Currency Group to close TradeBlock, the institutional trading platform

On May 31, TradeBlock, the DCG-owned institutional trading platform, will begin winding down its operations.

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ForkLog 8 26.05.2023

Ripple frames Bitstamp purchase as diversification of its business

The acquisition of a stake in the bitcoin exchange Bitstamp will help Ripple broaden its global presence and move beyond payments. Monica Long, the fintech company's president, said this.

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ForkLog 7 25.05.2023

Not Just USDT: Tether Explores New Lines of Business

High profitability enables the issuer of the stablecoin Tether to pursue new lines of business, The Block reported, Paolo Ardoino, the company's CTO.

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ForkLog 3 22.05.2023

Miami International Holdings closes deal to acquire LedgerX

Miami International Holdings, via its MIAX subsidiary, announced the completion of the LedgerX crypto-derivatives platform acquisition for $50 million.

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ForkLog 7 17.05.2023

Ripple agrees to acquire crypto custodian Metaco for $250 million

The fintech startup Ripple and Swiss-based crypto custodian Metaco have agreed to acquire the latter. The deal is valued at $250 million.

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ForkLog 10 15.05.2023

QuadrigaCX creditors to receive 13% of their claims

Users of the bankrupt Canadian cryptocurrency exchange QuadrigaCX will receive 13% of their claims. Such calculations are provided in a notification from the trustee Ernst & Young (EY).

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ForkLog 17 10.05.2023

Media: Jane Street and Jump Crypto to exit the United States amid regulatory pressure

One of the world's largest market makers, Jane Street and Jump Trading, will pull back from trading digital assets in the United States amid regulatory uncertainty. Bloomberg reports, citing people familiar with the matter.

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ForkLog 11 08.05.2023

Tencent-backed blockchain startup Everledger files for voluntary bankruptcy and liquidation

Backed by tech giant Tencent, the blockchain startup Everledger filed for voluntary bankruptcy and liquidation. This followed a failure to raise investor funding, reports SmartCompany.

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