Business | ForkLog

ForkLog 18 08.05.2023

Tencent-backed blockchain startup Everledger files for voluntary bankruptcy and liquidation

Backed by tech giant Tencent, the blockchain startup Everledger filed for voluntary bankruptcy and liquidation. This followed a failure to raise investor funding, reports SmartCompany.

AI translated

ForkLog 18 05.05.2023

Voyager signals initial creditor payouts as bankruptcy proceedings continue

Voyager Digital, the bankrupt crypto broker, will make initial payments to creditors within the next few weeks.

AI translated

ForkLog 10 05.05.2023

Court approves LedgerX sale for $50 million.

On May 4, the Delaware bankruptcy court approved the deal between the FTX exchange and the Miami International Holdings subsidiary to sell the LedgerX crypto-derivatives platform for $50 million.

AI translated

ForkLog 11 26.04.2023

FTX to net $50m from LedgerX sale

FTX, undergoing bankruptcy proceedings, has agreed with a Miami International Holdings subsidiary to sell the LedgerX crypto-derivatives platform for $50 million. The deal will require approval from the U.S. bankruptcy court in the District of Delaware.

AI translated

ForkLog 7 25.04.2023

Genesis creditors reject February-approved restructuring plan

A group of Genesis creditors rejected the February-approved restructuring deal for the cryptolending platform and pressed for new terms. The statement came from the parent company, DCG.

AI translated

ForkLog 13 14.04.2023

V Ventures proposed to Zipmex creditors to buy out the debt at an 80–90% discount

V Ventures proposed to Zipmex creditors to buy the Thai cryptocurrency exchange's obligations at a rate of 10–20 cents per dollar. The Block reports, citing a letter from the platform's lawyers to the Singapore Supreme Court.

AI translated

ForkLog 13 31.03.2023

Epic Games chief calls ‘brain drain’ from blockchain industry a problem

Due to the hype around cryptocurrencies, an entire generation of programmers has focused on blockchain technology, which negatively affects the development of the gaming industry. In an interview with IGN, Epic Games CEO Tim Sweeney said.

AI translated

ForkLog 19 28.03.2023

Disney disbands metaverse-related division

The Walt Disney Company has closed its metaverse-related division, according to sources cited by WSJ.

AI translated

ForkLog 16 22.03.2023

Copper to cut up to 15% of staff

The cryptocurrency custodian Copper plans to lay off up to 15% of staff amid challenging market conditions. CoinDesk reports.

AI translated

ForkLog 10 15.03.2023

Anchorage Digital to lay off one-fifth of staff amid restructuring.

Anchorage Digital said it would cut 75 positions (20% of staff). In a regulated crypto bank, the decision was explained as necessary to adapt to changing economic, market and regulatory conditions.

AI translated

ForkLog 23 10.03.2023

Blockchain.com to close asset-management unit

The exchange and wallet operator Blockchain.com is suspending the activities of its asset-management division after 11 months of operation. Bloomberg reports.

AI translated

ForkLog 17 03.03.2023

Binance plans to hire 500 staff by mid-2023

The cryptocurrency exchange Binance "is not planning any layoffs" in 2023, representatives said in a Cointelegraph comment.

AI translated

#Business