Business | ForkLog

ForkLog 7 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 […]

AI translated

ForkLog 6 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 […]

AI translated

ForkLog 31 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 […]

AI translated

ForkLog 8 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 […]

AI translated

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 […]

AI translated

ForkLog 16 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 […]

AI translated

ForkLog 5 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 […]

AI translated

ForkLog 10 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 […]

AI translated

ForkLog 19 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 […]

AI translated

ForkLog 7 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 […]

AI translated

ForkLog 22 06.06.2024

Robinhood to Acquire Bitstamp for $200 Million by Mid-2025

The management of online broker Robinhood has agreed to acquire Bitstamp, the oldest European cryptocurrency exchange, for $200 million in cash, according to Reuters. The transaction is expected to close in the first half of 2025, pending regulatory approval. This initiative aims to expand Robinhood’s presence in the digital asset market. The acquisition of Bitstamp, […]

AI translated

ForkLog 16 04.06.2024

Core Scientific to Earn $3.5 Billion from AI Computing Deal

The mining company Core Scientific has inked a 12-year contract with AI firm CoreWeave to provide infrastructure with a capacity of 200 MW for hosting Nvidia graphics processors. Tonight, we announced that Core Scientific will be providing an additional ~200 MW of infrastructure to host @CoreWeave #HPC services. — ~200 MW of infrastructure for HPC […]

AI translated

#Business