Business | ForkLog

ForkLog 18 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 14 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 8 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 18 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 11 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 14 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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ForkLog 11 22.02.2023

Media reports a second wave of layoffs at Immutable

Gaming NFT studio Immutable will undertake a second round of staff optimisation, affecting 11% of its workforce, according to the Sydney Morning Herald.

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ForkLog 12 22.02.2023

Media reports departure of BlockTower Capital’s top executives

The cryptocurrency hedge fund BlockTower Capital has lost two top executives — they left the firm without a public statement. The Block reports this, citing sources.

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ForkLog 17 21.02.2023

Polygon team to cut staff by 20%

The blockchain platform Polygon announced a 10% staff cut. The layoffs affected about 100 employees.

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ForkLog 13 20.02.2023

Galois Capital hedge fund closes after FTX collapse

The leadership of the cryptocurrency-focused hedge fund Galois Capital has decided to close the fund after events surrounding the FTX bitcoin exchange. The Financial Times reports.

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ForkLog 12 08.02.2023

Bitcoin miner Stronghold Digital Mining agrees to defer $54.9 million loan payments

American mining company Stronghold Digital Mining restructured payments on the remaining loan balance of approximately $54.9 million from Whitehawk Finance and entered into a hosting agreement with Foundry.

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ForkLog 15 07.02.2023

John Ray earned $690,000 as FTX’s new CEO over two months

The compensation of FTX's new head John Ray from November 11 to December 31, 2022 amounted to $690,000. This comes from bankruptcy court documents related to the platform, according to Business Insider.

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