Business | ForkLog

ForkLog 11 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 6 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 16 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 19 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 32 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 12 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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ForkLog 17 05.05.2023

Voyager signals initial creditor payouts as bankruptcy proceedings continue

Voyager Digital, the bankrupt crypto broker, will make initial payments to creditors within the next few weeks.

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ForkLog 10 05.05.2023

Court approves LedgerX sale for $50 million.

On May 4, the Delaware bankruptcy court approved the deal between the FTX exchange and the Miami International Holdings subsidiary to sell the LedgerX crypto-derivatives platform for $50 million.

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ForkLog 10 26.04.2023

FTX to net $50m from LedgerX sale

FTX, undergoing bankruptcy proceedings, has agreed with a Miami International Holdings subsidiary to sell the LedgerX crypto-derivatives platform for $50 million. The deal will require approval from the U.S. bankruptcy court in the District of Delaware.

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ForkLog 6 25.04.2023

Genesis creditors reject February-approved restructuring plan

A group of Genesis creditors rejected the February-approved restructuring deal for the cryptolending platform and pressed for new terms. The statement came from the parent company, DCG.

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ForkLog 9 14.04.2023

V Ventures proposed to Zipmex creditors to buy out the debt at an 80–90% discount

V Ventures proposed to Zipmex creditors to buy the Thai cryptocurrency exchange's obligations at a rate of 10–20 cents per dollar. The Block reports, citing a letter from the platform's lawyers to the Singapore Supreme Court.

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ForkLog 12 31.03.2023

Epic Games chief calls ‘brain drain’ from blockchain industry a problem

Due to the hype around cryptocurrencies, an entire generation of programmers has focused on blockchain technology, which negatively affects the development of the gaming industry. In an interview with IGN, Epic Games CEO Tim Sweeney said.

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