Business | ForkLog

ForkLog 34 24.04.2025

Revolut Achieves Record $1.4 Billion Profit Driven by Cryptocurrency

In 2024, fintech company Revolut reported a record pre-tax profit of £1.09 billion ($1.4 billion), marking a 149% increase. A key driver was the growth in its wealth management division, which surged by 298% to reach $647 million. This figure includes revenues from digital asset operations, commodities, as well as trading and savings products. This […]

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ForkLog 11 23.04.2025

Coinbase to Establish Office in North Carolina, Hiring Over 130 Staff

Coinbase plans to hire more than 130 specialists for a new office in Charlotte, North Carolina. A representative of the cryptocurrency exchange confirmed the plans in a comment to Cointelegraph. The company aims to recruit locals for roles in regulatory compliance and customer support, with the hiring process to be completed within six months. A […]

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ForkLog 18 23.04.2025

Cantor Fitzgerald Plans $3 Billion Bitcoin Fund Launch

Financial firm Cantor Fitzgerald intends to establish a $3 billion investment fund for bitcoin ventures. The project involves SoftBank, Tether, and Bitfinex, as reported by the Financial Times (FT), citing its own sources. To implement this initiative, the partners will launch a company named 21 Capital. The project’s aim is to create a “public alternative” […]

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ForkLog 38 21.04.2025

Circle to Challenge Visa and Mastercard with New Payment Product

On April 22, Circle, the issuer of USDC, will launch a new product for payments and cross-border transfers as an alternative to Visa and Mastercard. This is reported by CoinDesk, citing the company’s presentation. The solution is intended for banks, fintech firms, payment service providers, money transfer providers, and strategic partners of the stablecoin issuer. […]

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ForkLog 14 18.04.2025

Kraken Undergoes Significant Job Cuts Ahead of IPO

In recent months, cryptocurrency exchange Kraken has laid off “hundreds of employees.” The business optimization, amid a potential listing in the US, affected all company divisions, reports CoinDesk. In late October 2024, Kraken reduced its workforce by 400 people, or about 15% of its staff. This followed the appointment of venture investor Arjun Sethi as […]

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ForkLog 42 17.04.2025

Bybit to Cease Most Web3 Services

Exchange Bybit announced the closure of most of its Web3 services. The company plans to halt activities in several areas by the end of May. According to the statement, from May 31, Cloud Wallet and Keyless Wallet, the multichain platform DEX Pro, and the cross-chain swap widget Swap & Bridge will become unavailable. On April […]

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ForkLog 33 16.04.2025

OKX Cryptocurrency Exchange Enters the US Market

The cryptocurrency exchange OKX has officially launched its centralized crypto exchange and Web3 wallet in the United States. 🇺🇸 Bringing a New Alternative to America 🇺🇸 We’re officially launching in the US with our centralized exchange & powerful multi-chain Web3 Wallet. Roshan Robert will lead our expansion as US CEO, and our headquarters will be […]

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ForkLog 32 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 75 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 20 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 99 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 16 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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