Business | ForkLog

ForkLog 10 19.08.2024

Bitwise Acquires London-Based ETC Group

Digital asset management firm Bitwise has announced the acquisition of London-based cryptocurrency exchange-traded product (ETP) issuer ETC Group. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients […]

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ForkLog 4 05.08.2024

Investors and Market Maker Caught Off Guard by ZKX Closure

The closure of the ZKX protocol on StarkNet left investors and a market maker criticizing the project’s management, accusing the leadership of secrecy. When ZKX shut down, as investors, we got zero heads-up. The team claimed they ran out of money, refused to provide any financial or spending details, and wouldn’t communicate with us. ZKX […]

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ForkLog 17 31.07.2024

ZKX Protocol Shuts Down 45 Days After Airdrop

The trading protocol ZKX, built on StarkNet, has announced its closure due to economic difficulties. This was revealed by the project’s founder, Eduard Jubany Tur. Important Statement 30.07.24 With much regret, we have to announce the discontinuation of the ZKX protocol. Despite our best efforts, we have been unable to find an economically viable path […]

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ForkLog 8 29.07.2024

Cantor Fitzgerald Ventures into Bitcoin-Backed Lending

Cantor Fitzgerald is set to launch a fiat lending business secured by bitcoin. This was announced by the CEO of the financial group, Howard Lutnick, as reported by The Block. The initial limit will be $2 billion, with plans to double it in the future. Clients of the company will effectively be able to leverage […]

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ForkLog 11 25.07.2024

Bitfarms Adopts New Poison Pill Defence Against Riot

Bitcoin miner Bitfarms has approved a new shareholder rights protection strategy to prevent a hostile takeover by competitor Riot Platforms. On June 24, the Ontario Capital Markets Tribunal ruled in favour of Riot, ordering Bitfarms to immediately cease its previous plan. The initiative adopted in June, known as a “poison pill“, proposed that if an […]

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ForkLog 3 23.07.2024

Marathon Digital Fined $138 Million for Contract Breach

Marathon Digital, the largest mining company in the United States, has been fined $138 million for breaching a non-circumvention agreement. This was reported by Cointelegraph. According to a press release from the law firm Affeld England & Johnson, the jury unanimously ruled in favor of Michael Ho, founder of US Bitcoin Corp and Chief Investment […]

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ForkLog 12 23.07.2024

Swan Bitcoin to Cease Bitcoin Mining Operations

Financial firm Swan Bitcoin will wind down its mining business and abandon plans for an IPO. ANNOUNCEMENT — @Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future. […]

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ForkLog 30 19.07.2024

Ryan Selkis Steps Down as CEO of Messari

On July 19, Ryan Selkis announced his resignation as CEO of Messari. A leader’s first responsibility is to his team. This week was the first week in 6.5 years that my politics and rhetoric put the team in harms way. As such, I have decided to step aside as CEO. My friend, colleague, and founding […]

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ForkLog 9 19.07.2024

Hong Kong’s ZA Bank to Partner with Stablecoin Issuers

Hong Kong’s virtual bank ZA Bank will provide reserve services for stablecoin issuers. According to its representatives, the bank is in talks with ten companies regarding potential partnerships. ZA Bank, the largest virtual bank in Hong Kong, announced that it will provide reserve bank services for stablecoin issuers and is currently negotiating cooperation with nearly […]

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ForkLog 12 18.07.2024

BlockFi to Begin Compensation Payments by Month’s End

The crypto lender BlockFi is set to return digital assets to clients via Coinbase by the end of July. The firm, which has undergone bankruptcy proceedings, announced this on X. As described in our previously announced Coinbase distribution partnership blog post (https://t.co/M0T56YiKAe), BlockFi will commence first interim crypto distributions through Coinbase in July 2024. — […]

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ForkLog 1 15.07.2024

June Sees 17% Decline in CEX Trading Volume

Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist Colin Wu. Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively. Notable declines were observed […]

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ForkLog 5 08.07.2024

AI Job Market: Essential Skills and Criteria for Applicants

Companies are eager to integrate AI into their operations and are on the lookout for candidates with the requisite skills, offering high salaries and other benefits. This was stated by Nancy Xu, co-founder and CEO of the recruitment firm Moonhub, in a conversation with Business Insider. Aswini Thota, Director of data science at the financial […]

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