Business | ForkLog

ForkLog 3 15.07.2024

June Sees 17% Decline in CEX Trading Volume

Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist Colin Wu. Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively. Notable declines were observed […]

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ForkLog 6 08.07.2024

AI Job Market: Essential Skills and Criteria for Applicants

Companies are eager to integrate AI into their operations and are on the lookout for candidates with the requisite skills, offering high salaries and other benefits. This was stated by Nancy Xu, co-founder and CEO of the recruitment firm Moonhub, in a conversation with Business Insider. Aswini Thota, Director of data science at the financial […]

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ForkLog 9 02.07.2024

Former Executives from Apple, Google, Meta, Tesla, and X Join Worldcoin

Tools for Humanity (TFH), the company behind the Worldcoin project, has appointed four former senior executives from Apple, Google, Meta, Tesla, and X to leadership positions. We’re reaffirming our commitment to privacy, security and cutting edge technology to help advance the Worldcoin project. https://t.co/bN1ruqDB2u — Tools For Humanity (@tfh_technology) July 2, 2024 Damien Kieran has […]

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ForkLog 8 01.07.2024

Russia Proposes Crypto Fund for Cross-Border Transactions

RSPP has proposed the creation of a crypto fund to facilitate international transactions amidst sanctions, according to Vedomosti. Andrey Lisitsyn, Managing Director of the Financial Policy and Financial Markets Department of the organization, stated that the fund would consist of cryptocurrencies mined within the country. Due to legal restrictions, the introduction of digital assets into […]

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ForkLog 37 28.06.2024

Yield App Halts Operations Amid FTX Collapse Losses

The Yield App team has ceased all operations on the platform “after realizing the losses incurred by the portfolio of third-party hedge fund managers who held assets on FTX.” Suspension of platform activity ahead of liquidation proceedings 28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June […]

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ForkLog 10 28.06.2024

Study Reveals AI-Induced Loneliness Among Employees

The integration of artificial intelligence into the workplace is causing employees to feel isolated and may reduce productivity, according to a study by HBR. “AI-induced isolation may drive employees to invest more in human relationships, seeking the social nourishment they lack,” the report states. The authors suggest that if these efforts fail, workers may turn […]

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ForkLog 9 27.06.2024

Marathon Digital Holdings Ventures into Kaspa Mining

The mining firm Marathon Digital Holdings has commenced mining Kaspa (KAS) as part of its strategy to diversify revenue streams. Today we’re announcing that we have been actively mining Kaspa. Diversification has been key to our investments in energy solutions and tech innovations, and it remains crucial in our digital asset compute operations. Read the […]

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ForkLog 17 25.06.2024

Kaiko Assesses ETF Impact on Cryptocurrency Trading Volumes

The launch of spot Bitcoin ETFs in the United States has significantly increased global cryptocurrency trading volumes, according to calculations by Kaiko. Despite reporting improved revenue and profits, Coinbase’s global market share has seen only a minor increase of 1% over the same time period. Read more here: https://t.co/GB4TXGfeaH — Kaiko (@KaikoData) June 25, 2024 […]

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ForkLog 9 25.06.2024

Riot Nominates Independent Directors to Bitfarms Board Amid Hostile Takeover Bid

The mining firm Riot Platforms has called for a special meeting of Bitfarms shareholders to re-elect the board of directors as part of a hostile takeover campaign. Shareholders of the target company will be asked to vote on the removal of Chairman and Acting CEO Andres Finkelshtain. The agenda also includes the exclusion of any […]

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ForkLog 11 17.06.2024

OpenAI Considers Transition to Commercial Business Model

OpenAI is contemplating a shift in its management structure towards a commercial business model. This was revealed by the company’s CEO, Sam Altman, to some shareholders, according to The Information, citing an informed source. The creation of a commercial B-Corp is one of the scenarios reportedly under consideration by the board of directors. This move […]

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ForkLog 21 11.06.2024

Tether to Invest Over $1 Billion in Startups Over the Next Year

Tether, the issuer of USDT, plans to allocate more than $1 billion to distribute among startups from “hundreds of venture proposals,” CEO Paolo Ardoino revealed in an interview with Bloomberg. According to the executive, the firm is focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether […]

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ForkLog 9 10.06.2024

Bitfarms Adopts ‘Poison Pill’ to Thwart Riot Platforms Takeover

The board of directors of the mining company Bitfarms has adopted a shareholder rights plan following a purchase proposal from competitor Riot Platforms. This initiative, commonly referred to as a “poison pill,” aims to protect the interests of security holders by preventing any potential hostile takeover attempts. On May 29, it was revealed that Riot […]

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