Business | ForkLog

ForkLog 7 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 7 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 7 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 5 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 7 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 8 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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ForkLog 9 28.03.2023

Disney disbands metaverse-related division

The Walt Disney Company has closed its metaverse-related division, according to sources cited by WSJ.

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ForkLog 10 22.03.2023

Copper to cut up to 15% of staff

The cryptocurrency custodian Copper plans to lay off up to 15% of staff amid challenging market conditions. CoinDesk reports.

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ForkLog 7 15.03.2023

Anchorage Digital to lay off one-fifth of staff amid restructuring.

Anchorage Digital said it would cut 75 positions (20% of staff). In a regulated crypto bank, the decision was explained as necessary to adapt to changing economic, market and regulatory conditions.

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ForkLog 11 10.03.2023

Blockchain.com to close asset-management unit

The exchange and wallet operator Blockchain.com is suspending the activities of its asset-management division after 11 months of operation. Bloomberg reports.

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ForkLog 8 03.03.2023

Binance plans to hire 500 staff by mid-2023

The cryptocurrency exchange Binance "is not planning any layoffs" in 2023, representatives said in a Cointelegraph comment.

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ForkLog 10 24.02.2023

Dapper Labs to cut a further 20% of its staff

Canadian NFT company Dapper Labs will lay off a further 20% of its staff after a 22% headcount cut in November 2022. The Block reports.

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