Nydig news and trends

NYDIG Cuts 33% of Workforce in Move to Refocus
Personnel // October 14, 2022

Cryptocurrency trading broker NYDIG reportedly slashed its workforce by about 33% days before the company replaced two executives last month, including its CEO, and had declared its balance sheet was strong.  Roughly 110 employees were informed of the layoffs by NYDIG executives on Sept. 22,...

Today in Crypto: Tether Cuts Commercial Paper Holdings; NYDIG Promotes Tejas Shah to CEO, Nate...
Cryptocurrency // October 03, 2022

Bitcoin company NYDIG has promoted executives Tejas Shah and Nate Conrad to the roles of CEO and President, respectively, a press release said. Shah and Conrad will focus on bolstering investment in its mining technology, along with the platform technology business, helping banks and other...

Payments Use Cases Lure Corporate Crypto Investors
Blockchain // August 21, 2022

Seven of the 10 most active blockchain investors among large public companies have stakes in at least one company that offers payment services. That’s according to blockchain market intelligence firm Blockdata’s list of the “Most Active Investors in Blockchain Companies By the Top 100 Public...

Southland Credit Union Teams With NYDIG on Mobile Crypto Trading
Cryptocurrency // July 18, 2022

Southland Credit Union on Monday (July 18) teamed up with bitcoin platform NYDIG to become the second credit union in Southern California to offer cryptocurrency buying and selling services, according to a joint press release. As part of the collaboration, Southland Credit Union members can...

Quick Reads
Crypto Miner Greenidge Generation Seeks Debt Restructuring 

December 20, 2022
Aiming to stave off bankruptcy, crypto miner Greenidge Generation is aiming to restructure its debt.  The firm said in a Tuesday (Dec. 20) press release that it is working to restructure a significant portion of its debt with NYDIG.  “If we complete this debt restructuring, this would improve our future liquidity and would provide a […]

NYDIG Cuts 33% of Workforce in Move to Refocus

October 14, 2022
Cryptocurrency trading broker NYDIG reportedly slashed its workforce by about 33% days before the company replaced two executives last month, including its CEO, and had declared its balance sheet was...

Today in Crypto: Tether Cuts Commercial Paper Holdings; NYDIG Promotes Tejas Shah to CEO, Nate...

October 03, 2022
Bitcoin company NYDIG has promoted executives Tejas Shah and Nate Conrad to the roles of CEO and President, respectively, a press release said. Shah and Conrad will focus on bolstering...

Southland Credit Union Teams With NYDIG on Mobile Crypto Trading

July 18, 2022
Southland Credit Union on Monday (July 18) teamed up with bitcoin platform NYDIG to become the second credit union in Southern California to offer cryptocurrency buying and selling services, according...