BlackRock (BLK. N), which expanded its business in private-market assets and data last year with acquisitions worth more than $25 billion, has told its employees it will cut about 1 percent of its workforce. BlackRock president Rob Kapito and chief operating officer Rob Goldstein told employees in a memo on Wednesday that they plan to realign resources with strategy through layoffs and other measures. The company has more than 21,000 employees, meaning about 200 people will be affected.
Backpack Exchange, founded by former FTX and Alameda employees, has acquired the bankrupt FTX former European entity for $32.70 million to expand the derivatives business it offers in the region. FTXEU was one of the business units that ultimately went bankrupt after FTX collapsed in 2022. As part of the acquisition, Dubai-based Backpack will be responsible for distributing FTXEU customers previously court-approved FTX bankruptcy claims of around 53 million euros ($55 million). Yesterday, it was...
Backpack Exchange, founded by former FTX and Alameda employees, has received approval from the Cyprus Securities and Exchange Commission and the FTX Bankruptcy Court to formally acquire FTX EU. Backpack Exchange will be responsible for distributing the bankruptcy claims of FTX EU users previously approved by the court. The exchange, valued at $120 million in its Series A funding round in early 2024, has been granted Dubai VARA and European Union MiFID II licenses. Scheduled to go live in Quarter...
Google (GOOG. O) CEO Richard Pichai told employees last week that 2025 was "high stakes, high stakes" as the company faces increasing competition, regulatory hurdles and rapid advances in artificial intelligence. Pichai said "building big new businesses" was a top priority, including the Gemini app. Executives said they believed Gemini would be a...
Bleap, a "blockchain bank account" founded by former Revolut employees Joao Alves and Guilherme Gomes, closed a $2.30 million seed round led by Ethereal Ventures. Other participants included institutions such as Maven11 and Alliance DAO, as well as executives from Revolut, Phantom and OKX. The round valued the company at $10 million.
According to CNBC, OpenAI has received a new $1.50 billion investment from SoftBank, allowing employees to sell shares through a tender offer.
On November 20th, there were rumors today that "employees of Phantom Square Quantitative were arrested because they were involved in brokerage rebates", and some employees assisted in the investigation for personal reasons. In this regard, a person from Phantom Square Quantitative told reporters that Li Cheng, the marketing director of Phantom Square Quantitative, is indeed assisting the police in the investigation. But whether it involves rebates, the company does not know. "At present, Mr. Li ...
The statement shows that AMD (AMD. O) will lay off about 4% of its global workforce.
According to the official account of the Changzhou Economic Development District Procuratorate, an employee of a company in Changzhou was addicted to speculating in virtual currencies after being exposed to a kind of virtual currency called KK coin. In order to raise capital, he fabricated reasons to defraud more than 1.97 million yuan from 16 colleagues, which was used for virtual currency trading on online gambling platforms. The Changzhou Economic Development District Procuratorate filed a pu...
A group of former U.S. government employees and compliance officials now working in the cryptocurrency industry have protested in front of the United Nations in solidarity with Binance Financial Crimes compliance chief Tigran Gambaryan, who has been detained in Nigeria since February. Gambaryan is on trial for money laundering and is being held in the notorious Kuje prison, where his health has deteriorated. Amanda Wick, a former federal prosecutor who organized the protest, stressed that Gambar...
Solana blockchain browser and indexing provider SolanaFM former employee @0xmiir announced on X to join the Jupiter operations team, focusing on user support and helping other new users join Jupiter. At the same time, it will speed up communication and create impactful content across Jupiter's different products. Jupiter recently announced that it has acquired SolanaFM and will focus on enhancing Jupiter's data and infrastructure capabilities.
Employee compensation in the euro area rose 4.3% year-on-year in the second quarter.
On September 4th, according to The Information, ByteDance raised its share price in the latest employee repurchase. It is reported that the employee share repurchase price is about 181 US dollars per share, and it will offer the former employee about 154 US dollars per share. The share repurchase price in March was $171 and $145 respectively.
OKX Star posted on the X platform that more than 10% of OKX employees are professional lawyers and compliance managers. OKX will seriously fulfill the commitments of global regulators, but also focus on innovation. It will continue to launch products to serve 50 million customers around the world.
The CEO of Binance, Richard Teng, once again wrote that after six months of unjust detention in Nigeria, the physical and mental condition of the company's employee Tigran has seriously deteriorated, and the Nigerian government has refused to provide proper medical care and prevented him from meeting with legal counsel. Richard Teng called on the US government to intervene and hoped that the voices of global citizens would prompt the Nigerian government to release Tigran.