Blockchain.com
Genesis Reportedly Owes Creditors Over $3B; Blockchain.com Lays Off 28% of Workforce
Troubled crypto lender Genesis owes its creditors over $3 billion prompting its parent company, Digital Currency Group, to look at asset sales to pay off the debt, according to the Financial Times. DCG is the parent company of CoinDesk. Plus, cryptocurrency brokerage Blockchain.com said it's letting go of 28% of its workforce as crypto's cruel winter continues.
Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry's Cruel Winter Continues
The company is shedding 110 staffers in a bloody week of layoffs across the crypto sector.
Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg
The company was valued at $14 billion in a funding round earlier this year, but may only fetch $3 billion to $4 billion, the publication reported.
Russian Journalists, Activists Kicked Off Crypto Exchanges Due to EU Sanctions
The European Commission last week boosted restrictions on providing financial services to Russians.
Blockchain.com Wins Singapore License
The news means two exchanges in two days – Coinbase the other one – have received in-principle approval to operate in that country.
Blockchain.com abrirá una oficina en Dubai tras obtener aprobación reglamentaria preliminar
El exchange de criptomonedas se une a varias empresas que se están expandiendo a Medio Oriente mientras Dubai busca convertirse en un hub líder en criptomonedas.
Blockchain.com to Open Dubai Office After Securing Preliminary Regulatory Approval
The crypto exchange joins a number of companies expanding to the Middle East as Dubai aims to turn itself into a leading cryptocurrency hub.
Blockchain.com Cuts 25% of Its Workforce Amid Crypto Bear Market
The digital assets trading firm said it will shutter its Argentina-based offices and halt its expansion plans in several countries.
CoinFLEX Enters Arbitration; Mt Gox Crypto Dump Fears
CoinFLEX enters arbitration to recover $84 million deficit. Report says Celsius crypto bankruptcy saga meets new restructuring lawyers. Report says Celsius lost over $350 million in DeFi. Bitcoin price concerns over potential Mt. Gox and Celsius dumps. Three Arrows Capital contagion spreads to Blockchain.com. PSG sells $220,000 in NFT tickets for first Japan tour in 27 years. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Exchange Blockchain.com Faces $270M Hit on Loans to Three Arrows Capital
Crypto exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital (3AC), the over-leveraged hedge fund now subject to a liquidation order in the British Virgin Islands. "The Hash" team discusses the latest big player to be hit by 3AC's continued contagion effects.
