Business | ForkLog

ForkLog 22 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 10 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 12 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 23 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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ForkLog 31 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, […]

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ForkLog 26 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 […]

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ForkLog 17 29.05.2024

Riot Platforms Offers $950 Million Acquisition of Bitfarms

Mining firm Riot Platforms has proposed to the board of directors of rival Bitfarms an offer to purchase all publicly traded shares at a price of $2.30 each. Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin Miner. Read the full press release here: https://t.co/SnBijrL3i7 For disclaimers, […]

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ForkLog 35 20.05.2024

Michael Sonnenshein Steps Down as CEO of Grayscale

Barry Silbert, head of Digital Currency Group (DCG), has announced a leadership change at Grayscale Investments. 2/ I want to thank @Sonnenshein— during his 10 years @Grayscale, Michael guided the firm through exponential growth & oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry. We […]

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ForkLog 16 14.05.2024

Biden Blocks Chinese Miner from Owning Property Near Air Force Base

U.S. President Joe Biden has prohibited a mining company controlled by Chinese nationals from owning real estate near an Air Force base in Wyoming, according to a statement from the Treasury Department. The President has mandated that MineOne Partners Limited sell the property due to national security concerns. The firm, whose majority shares are held […]

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ForkLog 55 13.05.2024

Bitfarms Dismisses CEO Amidst $27 Million Lawsuit

The mining firm Bitfarms expedited the dismissal of CEO Geoffrey Morphy following his lawsuit against the company. This was announced in a press release. In March 2024, the company announced a change in CEO. At that time, it was expected that Morphy, who had held the position since December 2022, would continue his duties during […]

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ForkLog 25 08.05.2024

LocalMonero Exchange Announces Closure

The team behind the P2P exchange LocalMonero has decided to shut down the platform after nearly seven years of operation. Hey everyone, After almost 7 years of operation, we have made the difficult decision to close our platform. The winding-down process begins today, and finishes 6 months from now. Our support will be available for […]

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