Business | ForkLog

ForkLog 17 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 11 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 10 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 17 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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ForkLog 9 10.10.2022

Blockwater Technologies defaults on $2.97 million DeFi loan

Blockwater Technologies, a South Korea-based cryptocurrency-focused investment firm, defaulted on a $2.97 million loan obtained via the TrueFi DeFi protocol in BUSD.

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ForkLog 23 05.10.2022

Nexo denies reports of potential bankruptcy

Bankruptcy or insolvency does not threaten Nexo's crypto-lending platform, according to managing partner Kalin Metodiev.

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ForkLog 25 23.09.2022

Compute North files for bankruptcy

The mining company and provider of infrastructure solutions for cloud mining Compute North filed for bankruptcy. Its liabilities to 200 counterparties are estimated at $500 million, and assets range from $100 million to $500 million.

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ForkLog 20 22.09.2022

Celsius weighs wrapped-token issuance to repay debt

The restructuring plan for the Celsius Network crypto-lending platform includes the issuance of wrapped tokens. This was allegedly stated by the co-founder and CTO of the firm Nyuk Goldstein.

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ForkLog 19 19.09.2022

FTX chief signals another $1 billion for crypto acquisitions.

FTX chief Sam Bankman-Fried, in an interview with CNBC, hinted at a willingness to spend "approximately one billion dollars" on crypto companies and projects.

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ForkLog 22 16.09.2022

TrueLayer to cut headcount by 10%

The open-banking startup TrueLayer will cut staff by 10%, according to a blog post.

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ForkLog 15 16.09.2022

Celsius Network files motion to liquidate stablecoins

The crypto-lending platform Celsius Network, undergoing restructuring, filed a court request to liquidate stablecoins worth about $23 million.

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ForkLog 7 14.09.2022

Fintech startup Checkout.com to cut 5% of staff

The Checkout.com payments platform team will lay off about 100 employees to sharpen focus on 'strategic priorities'. Bloomberg reports.

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