Business | ForkLog

ForkLog 11 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 14 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 68 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 6 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 10 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 27 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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ForkLog 10 21.10.2022

Fidelity Digital Assets plans to hire 100 staff

The cryptocurrency arm of Fidelity Investments plans to continue expanding its headcount and hire 100 new employees within six months. This was stated by Fidelity Digital Assets Europe head Chris Tyrer, The Block reports.

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ForkLog 21 19.10.2022

German crypto bank Nuri to wind down operations in November

The Germany-based fintech startup Nuri (formerly Bitwala), focused on cryptocurrencies, will begin winding up at the end of November after an unsuccessful attempt to raise financing.

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ForkLog 14 18.10.2022

Marathon to pay $24 million to former CEO

Mining company Marathon Digital Holdings reached a global settlement with former chief executive Merrick Okamoto regarding compensation for restricted stock.

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ForkLog 8 18.10.2022

Bloomberg: U.S. Regulators Probe the Bankruptcy of 3AC

U.S. regulators — the CFTC and the SEC — are investigating potential violations by the bankrupt crypto hedge fund Three Arrows Capital (3AC). Bloomberg reported, citing its own sources.

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ForkLog 9 17.10.2022

Cameron Winklevoss leaves leadership post at Gemini’s European unit

Gemini co-founder Cameron Winklevoss has stepped down from the board of the company's European unit, AltFi reports.

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ForkLog 13 14.10.2022

Media reports mass layoffs at NYDIG

The New York Digital Investment Group (NYDIG), a platform focused on institutional clients, laid off about 100 people, around 30% of its staff. CoinDesk reports, citing sources.

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