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ForkLog 15 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 13 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 22 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 28 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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ForkLog 11 11.01.2023

Coinbase to wind down most of its operations in Japan

The American bitcoin exchange Coinbase has decided to wind down most of its operations in Japan as part of cost-cutting measures. The report is by BNN Bloomberg.

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ForkLog 22 11.01.2023

Changpeng Zhao outlines plans to expand Binance staff by 15–30%

In 2023, Binance will continue to scale up — plans call for expanding the workforce by 15–30% after growing from 3,000 to 8,000 employees last year. The Block reports.

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ForkLog 25 11.01.2023

ConsenSys reportedly plans to lay off more than 100 employees

ConsenSys plans to sever ties with 100 or more employees. CoinDesk reports citing an informed source.

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ForkLog 16 10.01.2023

Coinbase to lay off 20% of staff in third round of layoffs

The cryptocurrency exchange Coinbase will terminate employment with 950 employees as part of a 25% reduction in operating expenses. Since June 2022 this will be the third wave of layoffs affecting 2,110 workers.

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ForkLog 20 09.01.2023

Wyre to cap withdrawals

Wyre, the crypto-payments startup, announced changes to its withdrawal policy. Users will be able to withdraw no more than 90% of their account balance, subject to daily limits.

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ForkLog 9 30.12.2022

Creditors harmed by crypto-platform collapses put claims up for sale

As of December 30, the specialised platform Xclaim lists 9,256 claims for sale against the crypto platforms undergoing bankruptcy proceedings: FTX, Celsius Network, BlockFi and Voyager Digital.

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ForkLog 18 30.12.2022

Journalists report Huobi plans to cancel bonuses and cut staff

The cryptocurrency exchange Huobi will cancel year-end bonuses and carry out a staff optimisation.

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ForkLog 15 28.12.2022

Midas Investments closes after Celsius and FTX collapses

The custodial investment platform Midas Investments announced that it would cease operations due to liquidity shortages triggered by a string of adverse events in the industry.

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