Business | ForkLog

ForkLog 12 24.07.2022

Zipmex reports talks to rescue its business

The Thai cryptocurrency exchange Zipmex has received an offer for a deal under which an unnamed third party would help the company rescue its business.

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ForkLog 13 22.07.2022

Zipmex cryptocurrency exchange partially resumes withdrawals

The Thai cryptocurrency exchange Zipmex has opened withdrawals from its Trade Wallet.

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ForkLog 37 22.07.2022

Three Arrows Capital Co-founders Explain Hedge Fund Collapse as Overconfidence

The founders of Three Arrows Capital, Su Zhu and Kyle Davies, in an interview with Bloomberg described overconfidence born of years of a bull market as the primary cause of the collapse of the liquidated hedge fund.

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ForkLog 18 21.07.2022

Blockchain.com trims a quarter of its workforce

The cryptocurrency exchange and wallet operator Blockchain.com laid off about 150 employees (roughly 25% of its workforce) and reduced the salaries of top executives. Company representatives told CoinDesk.

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ForkLog 9 21.07.2022

Zipmex to partially resume withdrawals

Thai cryptocurrency exchange Zipmex said it was ready to resume partial deposits and withdrawals from 18:00 (GMT+7) on 21 July. Trading will remain unavailable until further notice.

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ForkLog 9 21.07.2022

SkyBridge plans to launch fund to invest in Web3 startups, reports say

Founded by Anthony Scaramucci, SkyBridge Capital will launch a venture fund focused on Web3 and the crypto industry. It targets developing startups and late-stage companies, according to Business Insider citing informed sources.

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ForkLog 15 21.07.2022

Bloomberg: FTX in talks to raise more funds

The cryptocurrency exchange FTX is expected to be valued at $32 billion following a potential funding round, according to Bloomberg, citing people familiar with the matter.

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ForkLog 33 20.07.2022

Media: Vauld crypto-lending platform owes $402 million to creditors

The outstanding debt of the Vauld crypto-lending platform after operations were halted stood at $402 million. Such estimates are contained in documents for a Singapore court, obtained by The Block.

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ForkLog 15 20.07.2022

Zipmex suspends withdrawals amid ‘circumstances beyond its control’

Thai cryptocurrency exchange Zipmex has suspended withdrawals due to circumstances beyond its control. The restrictions are in place until further notice.

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ForkLog 19 20.07.2022

Mike Novogratz compares industry participants to a ‘bunch of idiots’

Greed, ignorance and reckless risk management led to the fall of the cryptocurrency market, Galaxy Digital chief Mike Novogratz said in a Bloomberg interview.

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ForkLog 20 19.07.2022

Media reports a second wave of layoffs at Gemini

The American Bitcoin exchange Gemini has cut its staff even further after the recent layoff of about 10% of its employees, according to TechCrunch.

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ForkLog 10 15.07.2022

DeFiance Capital Distances Itself from Three Arrows Capital Hedge Fund

The venture firm DeFiance Capital said it was operationally independent from the bankruptcy proceedings of hedge fund Three Arrows Capital (3AC). It had previously been positioned as its 'sub-fund'.

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