Business | ForkLog

ForkLog 16 20.01.2023

Charles Hoskinson Eyes Acquisition of CoinDesk

Cardano founder Charles Hoskinson is weighing the possibility of acquiring CoinDesk, a publication focused on the crypto industry.

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ForkLog 16 19.01.2023

DCG weighs sale of CoinDesk to raise capital for growth

DCG is considering selling part or all of CoinDesk to raise capital to spur its future growth, The Wall Street Journal reported.

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ForkLog 13 18.01.2023

Coinbase to halt operations in Japan

The American bitcoin exchange Coinbase announced it was ceasing operations in Japan. The company cited unfavourable market conditions.

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ForkLog 42 18.01.2023

Digital Currency Group halts quarterly dividend payments

The DCG holding, facing financial difficulties after the collapse of FTX, said it would suspend quarterly dividend payments. Bloomberg reports.

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ForkLog 17 17.01.2023

Silvergate Bank posts a $1.05 billion quarterly loss for Q4 2022

Silvergate Capital reported the results of its subsidiary Silvergate Bank for Q4 2022. The digital-asset-focused institution posted a net loss of $1.05 billion.

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ForkLog 13 17.01.2023

Bernstein forecasts crypto-industry revenues to reach $400bn by 2033

Over the next ten years, crypto industry revenues will rise sixteen-fold, from $25bn to $400bn. Bernstein analysts put forward such estimates, according to CoinDesk.

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ForkLog 11 13.01.2023

Hodlnaut creditors rejected restructuring plan

The crypto-lending platform Hodlnaut is considering liquidation after creditors rejected the proposed restructuring plan. Bloomberg reports.

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ForkLog 6 13.01.2023

Court authorises FTX to begin selling LedgerX and other units

FTX may begin a search for buyers for its business units to raise liquidity for creditor settlements. This was stated by the bankruptcy judge in the context of the restructuring of the bitcoin exchange.

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ForkLog 12 13.01.2023

Wyre lifts withdrawal cap

The crypto-payments startup Wyre said it had ended the withdrawal cap of 90% of an account balance, taking into account daily limits. The policy change followed funding from an unnamed 'strategic partner'.

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ForkLog 9 13.01.2023

Crypto.com to cut 20% of its workforce

Crypto.com, the cryptocurrency platform, announced a new wave of layoffs amid weak market conditions and "recent developments in the industry". The workforce reduction will affect about 20% of the staff, CEO Kris Marsalek said.

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ForkLog 18 12.01.2023

Financial Times: Genesis Global Capital owes creditors more than $3 billion

Genesis Trading's debt load exceeds $3 billion. As part of capital-raising efforts, the parent DCG is considering selling assets worth $500 million from its venture investment portfolio, according to the Financial Times, citing informed sources.

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ForkLog 24 12.01.2023

Blockchain.com to cut a quarter of its staff

The exchange and operator of cryptocurrency wallets Blockchain.com will lay off 110 employees (28% of staff) as part of cost-cutting measures in the crypto winter. CoinDesk reports.

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