Circle cuts 'marginal' amount of staff to strengthen balance sheet: CoinDesk
Circle laid off some employees this week to strengthen its balance sheet.
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Circle laid off some employees this week to strengthen its balance sheet.
The outstanding loans of $2.8 billion has around 30% of lending made to related parties, including parent company DCG.
The valuations given to some of the tokens on the balance sheet are fiction.
The Financial Times has seen a copy of an FTX balance sheet showing that the bankrupt crypto exchange had only $900mn of assets it could easily sell.
The crypto contagion only hurt entities that poorly managed their treasuries, but didn't affect the underlying blockchain technology, he said.
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The business intelligence firm now owns a total of 129,218 BTC.
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