Business | ForkLog

ForkLog 32 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 70 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 18 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 124 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 79 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 16 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 193 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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ForkLog 69 07.02.2025

Gemini Considers Potential IPO in 2025

The cryptocurrency exchange Gemini is contemplating an IPO in 2025, according to sources familiar with the matter who spoke to Bloomberg. No final decision has been made, and discussions are ongoing. A similar possibility is being explored by the leadership of Bullish Global, a platform associated with entrepreneur Peter Thiel. In June 2024, Gemini founders […]

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ForkLog 11 24.01.2025

MicroStrategy to Redeem $1.05 Billion in Bonds Early

MicroStrategy has announced plans to redeem convertible bonds worth approximately $1.05 billion, originally due in 2027. MicroStrategy to Redeem $1.05B of 2027 Convertible Notes and Settle All Conversion Requests in Shares $MSTR https://t.co/yVBb06wkBY — Michael Saylor⚡️ (@saylor) January 24, 2025 Until February 20, investors can exchange each $1000 in bonds for 7.02 shares of Class […]

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ForkLog 72 03.12.2024

BitGo Unveils Retail Cryptocurrency Trading Platform

Digital asset infrastructure provider BitGo has launched a dedicated retail platform for cryptocurrency transactions. The BitGo Retail platform has launched! With BitGo Retail, you get access to:— Secure trading with institutional-grade protection— Custody solutions trusted by industry leaders— Opportunities to stake and earn rewards, all under one platform BitGo’s trusted security… pic.twitter.com/M9vMDBQo2I — BitGo (@BitGo) […]

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ForkLog 32 24.11.2024

Cantor Fitzgerald Secures 5% Stake in Tether, Reports WSJ

Financial firm Cantor Fitzgerald has agreed to acquire a 5% stake in stablecoin issuer Tether for $600 million, according to WSJ, citing its own sources. Howard Lutnick, CEO and principal shareholder of Cantor Fitzgerald, serves as co-chair of the transition team for U.S. President-elect Donald Trump. On November 19, Trump nominated the entrepreneur for the […]

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ForkLog 44 19.11.2024

Trump Media Eyes Acquisition of Troubled Bakkt Platform

Trump Media and Technology Group (DJT), associated with Donald Trump, is reportedly in advanced talks to acquire the struggling platform Bakkt. This information comes from sources cited by the Financial Times. The terms of the deal have not been disclosed. The acquisition will exclude the crypto-custodial business licensed by the NYDFS. Previously, Bakkt representatives indicated […]

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