Business | ForkLog

ForkLog 15 08.04.2025

Ripple Acquires Prime Broker Hidden Road for $1.25 Billion

Ripple announced the acquisition of the institutional lending and brokerage platform Hidden Road for $1.25 billion. According to the press release, the transaction ranks among the largest in the digital assets sector. It will bolster the ecosystem, including the RLUSD stablecoin, the XRPL blockchain, and the Ripple Payments service. The deal is expected to close […]

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ForkLog 46 04.04.2025

Media Uncover Connection Between New Bitcoin Miner Cango and Bitmain

Cango has agreed to sell its Chinese auto-financing business for $352 million to a firm affiliated with a Bitmain subsidiary, as reported by TheMinerMag. According to a press release, the buyer is Ursalpha Digital Limited. The deal includes an advance payment of $210.6 million and additional payments contingent on meeting tax obligations and reducing the […]

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ForkLog 14 02.04.2025

Bybit to Shut Down Its NFT Marketplace

Bybit exchange announced the closure of its NFT marketplace. The platform will cease operations on April 8. Users are advised to withdraw their assets by this date. The exchange is also closing the Inscription Marketplace and IDO platforms. The decision is part of the company’s service optimization efforts. NFT trading volume has decreased by 90% […]

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ForkLog 76 01.04.2025

Trump Family Secures Control Over World Liberty Financial

The family of U.S. President Donald Trump has consolidated control over the DeFi platform World Liberty Financial (WLF), which raised $590 million through token sales. This was reported by Reuters. In January, the company disclosed that two co-founders, crypto entrepreneurs Zachary Folkman and Chase Herro, are no longer controlling parties. They have been replaced by […]

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ForkLog 7 31.03.2025

NFT Marketplace X2Y2 Announces Closure After Three Years

The NFT trading platform X2Y2 announced its complete shutdown on April 30, three years after its launch. 1/ After an incredible 3-year journey, I have some important news to share: X2Y2 will be sunsetting as an NFT marketplace on April 30, 2025. The contracts will remain live, but the platform itself will shut down. — […]

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ForkLog 14 27.03.2025

Linear Finance to Cease Operations Amid Financial Struggles

The DeFi project Linear Finance has announced its closure due to financial difficulties. Notice of Closure After careful consideration, Linear Finance has made the difficult decision to cease operations. Despite our ongoing efforts to innovate and build throughout the years, the project has struggled to generate sustainable returns. Outside of a brief period of… — […]

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ForkLog 40 27.03.2025

Harpie Crypto Project Shuts Down Amid Business Model Failure

Backed by Dragonfly and Coinbase, the Web3 project Harpie has announced its complete closure. We’ve made the tough decision to shut down Harpie. Services will be shut down immediately. (1/5) — Harpie (@harpieio) March 27, 2025 According to the official statement, the team aimed to create an ecosystem to protect crypto assets from theft. However, […]

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ForkLog 14 14.03.2025

ZKsync Halts Ignite Rewards Program Amid Bear Market Conditions

The DAO behind ZKsync has prematurely ended the Ignite rewards program as of March 17, citing bearish market conditions. ZKsync Ignite Program Update ? After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards […]

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ForkLog 76 28.02.2025

BitMEX Reportedly Seeks Buyer for Platform Sale

BitMEX is reportedly seeking a buyer for its business, according to sources cited by CoinDesk. To facilitate this initiative, the company hired the boutique investment bank Broadhaven at the end of 2024. The publication highlighted the potential wave of mergers and acquisitions in the crypto derivatives sector. Notably, Kraken and Coinbase have shown interest in […]

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ForkLog 59 26.02.2025

PayPal to Enhance PYUSD Stablecoin Features for Businesses

Payment giant PayPal plans to integrate its stablecoin PYUSD into more of its products for small and medium-sized businesses by the end of the year, according to Bloomberg. Michelle Gill, head of the company’s small business and financial services division, clarified that the goal is to simplify payments between more than 20 million entrepreneurs and […]

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ForkLog 13 24.02.2025

Apple to Establish AI Server Manufacturing Plant in the US

By 2026, Apple plans to launch a factory in Houston, Texas, dedicated to the production of AI servers, creating 20,000 research and development jobs in the United States. As a proud American company, we’re thrilled to continue to make significant investments in the US. Today, we’re announcing a $500 billion commitment to support American innovation, […]

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ForkLog 175 11.02.2025

Sam Altman Declines Elon Musk’s $97.4 Billion Offer for OpenAI

A group of investors led by Elon Musk proposed to acquire the controlling nonprofit organization of OpenAI for $97.4 billion, but the offer was declined. This was reported by WSJ, citing informed sources. no thank you but we will buy twitter for $9.74 billion if you want — Sam Altman (@sama) February 10, 2025 “Thank […]

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