Business | ForkLog

ForkLog 6 09.11.2022

Circle CEO compares the FTX crisis to Lehman Brothers’ collapse

For the crypto market, FTX's insolvency is comparable to the collapse of investment bank Lehman Brothers, which became the catalyst for the 2008 crisis.

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ForkLog 16 08.11.2022

WSJ: Meta plans large-scale layoffs

Meta plans to cut thousands of jobs, according to sources cited by The Wall Street Journal.

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ForkLog 7 07.11.2022

Paxos to hire 130 blockchain specialists for its Singapore subsidiary

Paxos will expand its Singapore unit headcount from 20 to 150 over the next three years, Bloomberg reports.

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ForkLog 8 04.11.2022

Coinbase product chief resigns

On Thursday, November 3, Surojit Chatterjee, Coinbase's chief product officer, announced his resignation. He had spent almost three years at the company.

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ForkLog 7 04.11.2022

Coinbase nearly halves losses in Q3

Coinbase's Q3 2022 net loss was $545 million, versus $1.1 billion in the prior period. The shares rose.

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ForkLog 11 03.11.2022

Dapper Labs cuts 22% of its staff

The Canadian NFT company Dapper Labs laid off about 22% of its staff. The cuts affected roughly 134 employees, BetaKit reported.

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ForkLog 7 02.11.2022

Zipmex offered $100 million for a ‘rescue’ of the business in exchange for 90% of its shares

Facing financial difficulties, the Thai cryptocurrency exchange Zipmex is close to signing a $100 million 'rescue' deal with its current investor, The Block reports.

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ForkLog 10 02.11.2022

Compute North sells assets to its former lender for $5 million

Generate Capital bought two data centres from the cloud-mining infrastructure-solutions provider Compute North. The deal was worth $5 million, The Block reports.

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ForkLog 62 02.11.2022

Media reports layoffs at Galaxy Digital, BitMEX and DCG.

Over the past day, reports emerged of 10-30% staff cuts at three major cryptocurrency firms—Galaxy Digital, BitMEX and Digital Currency Group (DCG).

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ForkLog 4 31.10.2022

Media reports resignations in Huobi leadership; exchange denies rumors

Journalist Colin Wu, citing sources, reported the resignation of Huobi's CEO and CFO. He said large-scale layoffs were not ruled out.

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ForkLog 6 28.10.2022

Celsius bankruptcy trustee rejects $2.96 million employee bonus payout

The restructuring trustee at Celsius Network objected to the proposed $2.96 million bonus payout to part of the team for staying on. He cited the lack of sufficient information in the motion.

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ForkLog 17 27.10.2022

Core Scientific Faces Bankruptcy Risk

The public mining company and blockchain-hosting provider Core Scientific could exhaust its cash and cash equivalents by the end of the year. This information is contained in the SEC filing.

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