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NYDIG

Video

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.

By CoinDesk Inc

Oct 14, 2022 at 3:12 p.m. UTC

Oct 14, 2022

cdtvTaxFM ClipNYDIGKwasi kwartengLiz truss

(Kenny Eliason/Unsplash)

Finance

Crypto Trading Firm NYDIG Lays Off About 33% of Staff

The layoffs had been going on for "several weeks," one person told CoinDesk.

(Kenny Eliason/Unsplash)

By Tracy Wang Eliza Gkritsi Danny Nelson

Oct 14, 2022 at 1:50 a.m. UTC

Oct 14, 2022

Video

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.

By CoinDesk Staff

Oct 4, 2022 at 5:02 p.m. UTC

Oct 4, 2022

SECcdtvHash clipNYDIGU.S. Securities and Exchange CommissionRobert Gutmann

CDCROP: Handshake (Shutterstock)

Finance

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.

CDCROP: Handshake (Shutterstock)

By Jamie Crawley

Oct 3, 2022 at 11:06 a.m. UTC

Oct 3, 2022

CDCROP: Laptop Closing (Unsplash)

Finance

Asset Manager Stone Ridge Shutting Bitcoin Futures Fund

Launched in 2019, the fund failed to garner significant assets under management.

CDCROP: Laptop Closing (Unsplash)

By Stephen Alpher

Sep 12, 2022 at 3:08 p.m. UTC

Sep 12, 2022

NYDIGBitcoin FuturesBitcoin Funds

CDCROP: Marathon Digital CEO Fred Thiel interview at Bitcoin conference in Miami

Finance

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.

CDCROP: Marathon Digital CEO Fred Thiel interview at Bitcoin conference in Miami

By Michael Bellusci

Jul 7, 2022 at 10:05 p.m. UTC

Jul 7, 2022

MinersBitcoin MiningMarathon DigitalNYDIG

Deloitte Office Building HQ

Finance

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.

Deloitte Office Building HQ

By Jamie Crawley

Jun 21, 2022 at 3:29 p.m. UTC

Jun 21, 2022

A Bitfarms employee inspecting miners at Cowansville

Finance

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.

A Bitfarms employee inspecting miners at Cowansville

By Eliza Gkritsi

Jun 21, 2022 at 1:43 p.m. UTC

Jun 21, 2022

Bitcoin MiningMinersDebtGalaxy DigitalNYDIG

Money (Sharon McCutcheon / Unsplash)

Finance

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.

Money (Sharon McCutcheon / Unsplash)

By Aoyon Ashraf

Jun 17, 2022 at 4:50 p.m. UTC

Jun 17, 2022

BitfarmsBitcoin MiningMiningNYDIGGalaxy Digital

NYDIG has earmarked $59,000 to be paid out for its bounties program. (Marissa Anderson/Flickr)

Finance

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.

NYDIG has earmarked $59,000 to be paid out for its bounties program. (Marissa Anderson/Flickr)

By Cam Thompson

May 2, 2022 at 3:33 p.m. UTC

May 2, 2022