BitMEX’s Parent Company Transforms Into ‘100x Group’ By Cointelegraph

BitMEX’s Parent Company Transforms Into ‘100x Group’

HDR Global Trading Limited, the firm behind veteran crypto derivatives platform BitMEX, has undergone a corporate restructuring and will now be known as ‘100x Group.’

HDR announced the changes on July 15 and the Seychelles-based 100x will become the new holding structure for HDR and all other assets, including BitMEx.

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Heavily indebted Calfrac spurns Wilks Brothers’ offers for U.S. unit amid restructuring

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“It would take a very, very compelling financial offer or strategic offer to even consider splitting up the North American businesses,” Treadwell said. “North America is the foundation of Calfrac. I don’t see that view getting altered.”

The company does not see its overseas business in Russia and Argentina as core assets, but the company is not contemplating selling those units either.In times of industry distress, that’s probably not the best time to monetize the assets,” Treadwell said.

North American drilling activity this year could be half of what it was in 2019 and likely hit a 20-year low, according to Oslo-based energy advisory Rystad Energy.

“Both new wells and drilling lengths will be pared down as E&P’s scale down investments, affecting the entire supply chain associated with these services,” Rystad Energy oilfield services analyst Reza Hassan Kazmi said in a report published Tuesday.

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How coronavirus could lead to an unexpected kind of diversity

Diversity is often spoken of in solely racial terms. But as more people are working from home, and some are rethinking living in high-priced cities, could investors benefit from an increased focus on geographical diversity?

Jewel Burks Solomon, head of Google for Startups U.S. and managing partner at Collab Capital, says it is prime time for investors to look outside beyond the typical confines of California and New York. Google for Startups provides tools to help new startups get off the ground, while Collab Capital is a fund aimed at Black founders.

“I feel like there is more opportunity now for people to get out of the bubble,” she told Fortune’s Michal Lev-Ram in a Fortune Brainstorm Tech virtual conversation on Tuesday. A former founder herself (she founded a company called Partpic, per LinkedIn), Burks Solomon notes: “I’ve experienced what is was like to have investors say, ‘Oh, you’re … Read More