Business | ForkLog

ForkLog 108 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 They have been replaced by […]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 21 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 41 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 80 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 26 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 135 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 86 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 18 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 197 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 74 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 78 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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