NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend. Original Source
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Restructuring
Algorand Foundation Among Creditors That Oppose Restructuring of Trouble Crypto Exchange Hodlnaut
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Google DeepMind restructuring aims to deliver next-gen AI breakthroughs
Google and Alphabet CEO Sundar Pichai announced the merger of two entities with the company to form a separate business unit dedicated to the development of the next generation of artificial intelligence (AI) breakthroughs and products.The new unit, Google Deepmind, was formed by merging the Brain team from Google Research
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United States to Float New Crypto Legislation Aimed at Restructuring Digital Assets Market
Patrick McHenry and Glenn Thompson are at the forefront of the new market structure effort. United States’ first major crypto legislation is currently in the works and from all indications, might even not be far from becoming law. In line with this, members of the House and Senate are already working
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Zipmex requests 2-month extension from Singapore court for restructuring plan
Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.In an April 18 announcement, Zipmex said it was currently in negotiations with investors in an attempt to “maximize returns for customers” following a delay in payments.
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Huobi Realizes $30 Million Q1 2023 Profit amid Restructuring Plans
Following its Q1 2023 profit, Huobi expects an even bigger net income haul of $110 million for the second quarter. Crypto exchange Huobi reportedly made a tidy $30 million in profit for Q1 following a restructuring. The Seychelles-based company’s return to profitability came after cutting down its workforce and benefits accruable
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Crypto exchange Huobi returns to profitability in Q1 after restructuring
According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures
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Celsius Network to make April 12 filing, including info on voting for restructuring plan
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.In a April 7 notice to users, the Celsius debtors said they will file a disclosure statement on April 12. A March 31 court
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Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court
Crypto Exchange Zipmex's Restructuring Plan Approved by Singapore Court Original Source
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Alibaba Shares Up 12% after Firm Unveils Major Restructuring
The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news. The shares of Chinese multinational e-commerce and tech giant Alibaba Group Holding Ltd (HKG: 9988) is trading at a very high growth rate today as the company said it
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