NYDIG
UK Finance Minister Kwarteng Fired; Crypto Trading Firm NYDIG Lays Off About 33% of Staff
U.K. Finance Minister Kwasi Kwarteng has been fired by Prime Minister Liz Truss after the tax cuts he announced in September sent financial markets into a tailspin. Plus, Bitcoin services company NYDIG has laid off around 100 people, according to CoinDesk sources.
Crypto Trading Firm NYDIG Lays Off About 33% of Staff
The layoffs had been going on for "several weeks," one person told CoinDesk.
Bitcoin Investment Firm NYDIG Raised $720M for Digital Asset Fund, CEO Gutmann Departs
Bitcoin investment company NYDIG raised $720 million for its institutional digital asset fund a few days before its CEO Robert Gutmann said he was leaving the company. NYDIG raised the funds from 59 investors at an average contribution of $12 million, the firm said in a filing with the U.S. Securities and Exchange Commission (SEC) last week.
Bitcoin Investment Firm NYDIG Raised $720M for Digital Asset Fund, CEO Gutmann Departs
President Yan Zhao is also leaving. Both will remain part of NYDIG's parent firm, Stone Ridge Holdings, to serve across its full portfolio.
Asset Manager Stone Ridge Shutting Bitcoin Futures Fund
Launched in 2019, the fund failed to garner significant assets under management.
Marathon Digital Continues to Hodl All Bitcoin but Hints at Strategy Change
Dealing with a number of operational challenges, the company mined 707 bitcoin during the second quarter down sharply from the previous three months.
NYDIG to Work With Deloitte in Offering Bitcoin Capabilities to Clients
The two firms formed a strategic alliance to help businesses of different sizes incorporate digital assets into their operations.
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to improve liquidity and reduce indebtedness.
Bitfarms Looks to Boost Liquidity With Sale of 1,500 Bitcoin, New Loan
The miner paid down a credit line from Galaxy Digital while inking new equipment financing from NYDIG.
NYDIG’s $59K Bitcoin Bounties Program Begins Paying Developers Who Improve the Network
The program, which launched two weeks ago, has paid out $1,800 so far, according to sources.
