Business | ForkLog

ForkLog 29 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 15 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 33 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 18 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 11 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 20 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 25 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 24 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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