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ForkLog 17 08.02.2024

Bakkt Warns SEC of Potential Closure

Bakkt has expressed doubts about its ability to continue operations into 2025. This concern was highlighted in the risk section of the institutional crypto platform’s quarterly report to the SEC. “In our estimation, cash and cash equivalents will be insufficient to fund our operations over the next 12 months,” the document states. The organisation attributed […]

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ForkLog 34 08.02.2024

MicroStrategy Shifts Focus to Bitcoin Development

MicroStrategy is set to position itself as a “Bitcoin and Bitcoin-based product development company,” according to its founder, Michael Saylor. ₿???????: MicroStrategy announces plans to be “world’s first #bitcoin development company”. The company says it will develop #bitcoin blockchain network applications and software. Listen to the founder Michael @Saylor explain at MicroStrategy’s latest Q4 earnings […]

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ForkLog 15 02.02.2024

OPNX Exchange Founded by 3AC Creators Announces Closure

The OPNX exchange, established by the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC), has announced its closure. OPNX shutting down pic.twitter.com/BIRBX3uiBV — Cole (@cole0x) February 1, 2024 The platform has requested users to close all positions by February 7 and withdraw funds within two weeks. “We are deeply grateful to every […]

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ForkLog 13 01.02.2024

Celsius Network to Distribute $3 Billion in Restructuring Plan

The bankrupt lending platform Celsius will distribute $3 billion to creditors under an approved restructuring plan. This decision was supported by 98% of account holders and confirmed by the Southern District of New York court. Recipients can expect assets in cryptocurrencies, fiat, and common stock of the new Bitcoin mining company Ionic Digital. The latter […]

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ForkLog 24 17.01.2024

Bankruptcy Court Approves Core Scientific’s Reorganization Plan

The bankruptcy court has approved the reorganization plan of the mining company Core Scientific, with a relisting of shares on the Nasdaq by the end of January. In December, the firm indicated mid-to-late January 2024 as the timeline for implementing the initiative. As a result, the company’s shareholders will receive approximately 60% of the new […]

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ForkLog 15 11.01.2024

NEAR Foundation to Reduce Workforce by 40%

The non-profit NEAR Foundation, responsible for the development of the eponymous ecosystem, will lay off approximately 40% of its staff as part of a reorganization. “Together with the NEAR Foundation board, we conducted a thorough analysis of our activities. During this process, we received feedback that the foundation was not always as effective as it […]

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ForkLog 13 29.12.2023

BIT Mining Finds Buyer for BTC.com Mining Pool for $5 Million

BIT Mining Limited, listed on the New York Stock Exchange, announced the sale of the BTC.com mining pool.

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ForkLog 14 25.12.2023

KyberSwap cuts 50% of staff after hack

In November, the decentralized exchange KyberSwap faced “unprecedented problems” due to the Elastic Pools liquidity pool hack.

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ForkLog 9 22.12.2023

Core Scientific outlines timeline for exiting bankruptcy

The mining company Core Scientific intends to exit the bankruptcy proceedings in mid-to-late January 2024.

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ForkLog 9 22.12.2023

Solana reports Saga smartphone shortage

The Solana team has been forced to cancel a portion of orders for the Saga blockchain smartphones due to 'inventory problems' at a third-party distributor.

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ForkLog 13 15.12.2023

Coinbase-backed startup Qredo closes its crypto exchange

Qredo, the infrastructure provider for crypto custody, abandoned the hybrid-exchange Ankex project due to financial difficulties.

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ForkLog 7 04.12.2023

Experts identify the main winners from Binance’s settlement with US authorities

Coinbase and Bybit recorded the largest increase in the market share of CEX after regulators' settlement with Binance. These assessments are in Kaiko's report.

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