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ForkLog 12 11.11.2022

B2C2 crypto OTC platform appoints new chief executive

Phillip Gillespie has stepped down as CEO of the OTC platform B2C2. Nicola White has taken the post.

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ForkLog 13 11.11.2022

FTX loses Future Fund team and head of institutional sales

The FTX institutional sales desk had no knowledge of the cryptocurrency exchange's potential insolvency during the current week. This was stated by Zane Tackett, the team's head, The Block reports citing his letter to clients.

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ForkLog 13 11.11.2022

Coinbase cuts more than 60 jobs

The American bitcoin exchange Coinbase has laid off more than 60 employees, continuing to streamline its staff amid a market downturn. CoinDesk, citing a company spokesperson, reports.

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ForkLog 12 11.11.2022

Bahamas Regulator Freezes FTX Assets

The Securities Commission of The Bahamas has frozen the assets of FTX Digital Markets (FDM) and affiliated entities, and suspended the company's license in The Bahamas.

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ForkLog 20 10.11.2022

Bloomberg and WSJ report an $8 billion hole in FTX balance sheet

The founder and CEO of FTX, Sam Bankman-Fried, told investors that without additional capital the exchange would be forced to declare bankruptcy. Bloomberg reports.

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ForkLog 12 09.11.2022

Meta to cut more than 11,000 jobs in restructuring

Meta will cut more than 11,000 people (13% of the workforce) as part of a restructuring of its organisational structure. Mark Zuckerberg addressed employees in an open letter.

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ForkLog 15 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 28 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 14 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 11 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 10 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 14 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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