Business | ForkLog

ForkLog 6 16.12.2022

Mazars suspends services to crypto clients

Auditing firm Mazars Group has suspended work with all crypto-industry clients following Binance's bitcoin-reserve review, Bloomberg reports, citing the exchange.

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ForkLog 6 16.12.2022

Japan to cut tax on unrealised profits for token issuers

The Tax Committee of the ruling Liberal Democratic Party of Japan approved a loosening of the tax burden on token issuers. Bloomberg reports.

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ForkLog 10 15.12.2022

Amber Group cancels annual bonuses and cuts management salaries

The cryptocurrency platform Amber Group canceled annual bonuses for employees due to slow business growth and industry uncertainty, Bloomberg reports.

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ForkLog 6 14.12.2022

Compound accused of selling unregistered securities

A lawsuit has been filed in the U.S. District Court for the Northern District of California against the decentralized autonomous organization behind the lending platform Compound, its co-founder Robert Leshner, and venture investors backing the project, alleging the sale of unregistered securities.

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ForkLog 8 13.12.2022

Financial Stability Board to tighten crypto regulation

The G20's advisory body responsible for financial regulation will present proposals for regulating the cryptocurrency market with a concrete timeline for their implementation in early 2023, according to the Financial Times.

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ForkLog 10 12.12.2022

Exchanges halted trading of Argo Blockchain shares

The London and New York stock exchanges halted trading in Argo Blockchain shares without giving a reason. The community awaits a statement from the mining company about bankruptcy.

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ForkLog 4 09.12.2022

Sam Bankman-Fried backs plan to relaunch FTX’s utility token

Former FTX chief Sam Bankman-Fried backed the proposal by Crypto Banter founder and CNBC Crypto Trader Ren Neuner to restore trust in the platform's utility token going through bankruptcy proceedings of the bitcoin exchange. I continue to think that this would be a productive path for parties to explore! I hope that the teams in place will do so. — SBF

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ForkLog 13 09.12.2022

Amber Group trims staff and operating costs amid crypto winter

Amber Group terminated sponsorship agreement with Chelsea FC for £20m ($25m) and announced a 40% staff cut.

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ForkLog 18 06.12.2022

Orthogonal Trading defaults on $36m of Maple Finance loans

Orthogonal Trading has defaulted on eight Maple Finance loans totaling $36 million amid losses tied to the FTX collapse.

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ForkLog 9 05.12.2022

Bloomberg: LedgerX Put Up for Sale

The LedgerX cryptocurrency derivatives exchange, part of the FTX group, is up for sale, Bloomberg reports.

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ForkLog 7 05.12.2022

Genesis faces $1.8 billion in creditor claims, reports say

The outstanding debt of Genesis Global Capital has reached $1.8 billion and is likely to continue rising, CoinDesk reports, citing informed sources.

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ForkLog 8 05.12.2022

Swyftx cuts another 90 jobs

An Australian cryptocurrency exchange Swyftx has announced the layoff of a further 90 staff.

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