Business | ForkLog

ForkLog 193 01.08.2025

Bitcoin Advocate Ray Dalio Departs Bridgewater Associates

Billionaire Ray Dalio has handed over the reins of Bridgewater Associates, the hedge fund he founded 50 years ago. https://t.co/UXbieodFlV — Ray Dalio (@RayDalio) July 31, 2025 According to WSJ, the businessman sold his remaining stake in the company and exited the board of directors. Following this, Bridgewater issued new shares to Brunei’s sovereign fund. […]

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ForkLog 37 24.07.2025

Jack Dorsey’s Block Joins S&P 500 and Announces Bitcoin Payments

Jack Dorsey’s company Block has launched a pilot project for real-time cryptocurrency payments within the Square app. This was announced by the firm’s executive director, Owen Jennings. boom. today we’re onboarding our first few @Square sellers for the new native bitcoin acceptance experience this is the way! — OBJ (@owenbjennings) July 22, 2025 “Today we’re […]

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ForkLog 21 08.07.2025

What we do outside Web3

Spend long enough in crypto chats and it may seem that the average Web3 denizen is a pallid vampire with blood-red eyes, seared by 24/7 dashboard-gazing. To test that prejudice, ForkLog asked leaders of crypto projects what they do in the rare moments when the power is out or they simply decide to switch off. […]

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ForkLog 51 07.07.2025

CoreWeave to Acquire Bitcoin Miner Core Scientific for $9 Billion

AI hyperscaler CoreWeave has signed a definitive agreement to purchase the American mining company Core Scientific, valuing it at $9 billion. Today is an exciting day for CoreWeave! We just announced an agreement to acquire @Core_Scientific, solidifying our position as the leading AI Cloud Platform—purpose-built to deliver unmatched performance and expertise for the AI era. […]

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ForkLog 53 25.06.2025

zkLend Protocol Shuts Down Following Cyberattack

The team behind the L2 protocol zkLend, built on Starknet, has announced its closure. The decision follows a hack and the delisting of the LEND token from major exchanges. Dear zkLend Community, It is with a heavy heart that we announce our decision to wind down zkLend. This decision was not made lightly. Over recent […]

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ForkLog 38 20.06.2025

OpenAI Ends Partnership with Scale AI Following Meta Deal

OpenAI is ending its collaboration with Scale AI, reports Bloomberg. The decision was made after Meta announced the acquisition of a 49% stake in the AI project. Scale AI provides data labeling services for training neural networks. Among the startup’s clients are Meta’s direct competitors, including Microsoft. According to an OpenAI representative, the company began […]

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ForkLog 73 13.06.2025

Corporate bitcoin treasuries pose systemic risks to crypto markets

Analysts at Coinbase Institutional forecast a crypto-market upswing in the second half of 2025. In their view, bitcoin will set a new all-time high thanks to improving U.S. economic indicators, a possible rate cut by the Fed and greater regulatory clarity. The biggest trend—and risk—is the growing popularity of corporate bitcoin reserves. This phenomenon has […]

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ForkLog 69 12.06.2025

Former Ethereum Developer Reveals Details of His Dismissal

Former lead developer of the Geth client, Péter Szilágyi, has accused the Ethereum Foundation (EF) of attempting to allocate $5 million to separate the project team from the foundation. Remember my sabbatical? Yeah, that was me having a one-to-one meeting with @0xstark about that “secret second Geth team” I found out about. Within 24 hours […]

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ForkLog 98 11.06.2025

Meta Acquires 49% Stake in Scale AI for $14.8 Billion

Meta, the parent company of Facebook and WhatsApp, has acquired a 49% stake in Scale AI for $14.8 billion, reports The Information. It is reported that the head of the AI project, Alexander Wang, will join the corporation’s new initiative, Superintelligence. Scale AI provides data labeling services for training neural networks. The acquisition of a […]

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ForkLog 194 08.06.2025

Tether CEO Challenges $515 Billion Valuation as Undervalued

If Tether were to go public now, it would be valued at $515 billion, becoming the 19th most valuable publicly traded company globally. This conclusion was reached by John Ma, co-founder and CEO of Artemis. The expert based his calculations on Circle’s market capitalization, which conducted an IPO and has been listed on the NYSE […]

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ForkLog 30 03.06.2025

ConsenSys to Enhance MetaMask and Invest in Ethereum Treasury

MetaMask developer ConsenSys has acquired Web3Auth, an infrastructure provider. The financial details of the deal remain undisclosed. Founded in 2019, the platform serves approximately 50 million end users and supports over 8,200 applications within the Web3 ecosystem. The primary aim is to enhance the wallet’s user experience. ConsenSys also seeks to address the management of […]

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ForkLog 22 03.06.2025

Robinhood Acquires Bitstamp for $200 Million

Online broker Robinhood has finalized an agreement to acquire Europe’s oldest crypto platform, Bitstamp, for $200 million in cash. Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning. https://t.co/VDjGS1KuBb — Vlad Tenev (@vladtenev) June 2, 2025 The parties agreed to the deal […]

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