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ForkLog 8 19.08.2022

Hodlnaut lays off 80% of staff to trim costs

Facing a liquidity crisis, the crypto-lending platform Hodlnaut carried out mass layoffs to trim costs, according to the blog.

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ForkLog 6 17.08.2022

Media: Celsius Lost ‘Millions of Dollars’ Due to CEO Interference in Trading

Early this year, Celsius Network CEO Alex Mashinsky “took control of” the trading strategy of the crypto-lending platform and faced frictions within the team. This, according to sources familiar with the matter, is reported by the Financial Times.

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ForkLog 9 16.08.2022

EU to create a single cryptocurrency regulator

EU authorities will create a new regulatory body AMLA, tasked with direct supervision of crypto businesses. This is stated in the EU's sixth directive on anti-money laundering (AMLD6), The Block reports.

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ForkLog 16 16.08.2022

Hodlnaut seeks court protection in Singapore from creditors

The liquidity-strapped crypto-lending platform Hodlnaut has applied to be placed under judicial management in Singapore to stabilise its financial position.

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ForkLog 4 15.08.2022

Zipmex secures three-month extension to creditor protection moratorium

Thailand-based cryptocurrency exchange Zipmex said that a Singapore court granted its request for creditor protection for three months, until 2 December. The Block reports.

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ForkLog 7 15.08.2022

BlueBenx reports $31 million hack and halts withdrawals

The Brazilian cryptocurrency platform BlueBenx blocked customer withdrawals, citing a hack. Portal do Bitcoin reports this.

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ForkLog 5 10.08.2022

German crypto bank Nuri files for insolvency

In Germany-based fintech startup Nuri (formerly Bitwala), focused on cryptocurrencies, filed for insolvency. It served more than 500 thousand clients. Nuri filed for insolvency on Tuesday, August 9, 2022. This does not affect our services, customer funds or investments. You can find a complete statement of this situation on the Nuri Blog: https://t.co/UgAyckWE7J

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ForkLog 7 08.08.2022

Galaxy Digital posts $554.7 million loss as crypto market corrects

Galaxy Digital Holdings' total loss for the second quarter amounted to $554.7 million, compared with $182.9 million in the same period last year.

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ForkLog 14 08.08.2022

The wave of consolidation: why FTX and Binance are investing billions in troubled companies

Against the backdrop of the crypto industry’s contagion, Sam Bankman-Fried, Changpeng Zhao and Justin Sun announced plans to deploy billions to help troubled players. ForkLog examines what the industry magnates are aiming to achieve.

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ForkLog 15 05.08.2022

Revolut to expand its crypto team by 20%

The fintech company Revolut plans to increase by 20% the number of employees working on its cryptocurrency initiatives in the EU, the UK and the US within six months. Bloomberg reports.

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ForkLog 5 03.08.2022

Binance co-founder to head the exchange’s venture arm.

Binance co-founder He Yi will take the post of head of the venture and incubation arm of the cryptocurrency exchange. This is according to a ForkLog-provided press release.

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ForkLog 7 03.08.2022

Robinhood to cut workforce by about 23%

Online broker Robinhood will reduce its workforce by about 23% amid a deteriorating macroeconomic environment and negative developments in the cryptocurrency market. This is stated in a letter from Robinhood CEO Vlad Tenev.

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