2 / 3 Relevant items tagged with #Acquisition
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Ripple Acquires Crypto Financial Services Company Fortress Trust
[Sep 8, 2023 11:30 AM] Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its…
Musk Funded Dogecoin, Mulled Blockchain Social Media, Biography Details
[Sep 3, 2023 4:30 PM] A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a…
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
[Aug 16, 2023 11:30 AM] The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of…
Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
[Jul 6, 2023 11:30 AM] Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the…
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
[Jun 27, 2023 12:21 AM] The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.
Uncertainty Returns After BitGo Cancels Prime Trust Acquisition
[Jun 22, 2023 10:09 AM] BitGo's plans to acquire Prime Trust, a prominent custody firm, have taken an unexpected turn as BitGo recently announced on Twitter the cancellation of the acquisition. The initial announcement had generated excitement within the industry, as the…
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
[Jun 14, 2023 5:30 PM] Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals…
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…
BitGo Announces Preliminary Deal To Acquire Prime Trust Custody Firm
[Jun 8, 2023 2:30 PM] BitGo Holdings, Inc., has announced its intention to acquire Prime Core Technologies, Inc., the parent company of Prime Trust. According to a blog posted by BitGo, the acquisition aims to bring business continuity, long-term stability and…
Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners
[Jun 1, 2023 1:30 PM] On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per…
US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s
[May 29, 2023 1:30 PM] Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from…
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
Binance Japan Will Start Operations After June
[Apr 28, 2023 2:42 AM] The world's largest crypto exchange acquired Sakura Exchange BitCoin last November.
FTX's LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction
[Apr 25, 2023 2:35 PM] FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.
Pocket Bitcoin Announces Acquisition Of Bitcoin Wallet App Bitkipi
[Apr 11, 2023 7:00 AM] The acquisition means Pocket Bitcoin now has its own in-house wallet app for users looking to buy bitcoin using the service.Swiss-based non-custodial bitcoin-exchange Pocket Bitcoin has acquired popular bitcoin wallet app Bitkipi, the company…
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
[Mar 27, 2023 2:30 PM] According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and…
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…
Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
[Feb 22, 2023 3:30 PM] With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued…
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
Ebay Expands Into NFT and Web3 Space With New Job Openings
World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders
[Jan 24, 2023 9:00 AM] Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew…
Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy
[Jan 20, 2023 12:05 PM] According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along…
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
[Jan 5, 2023 12:30 AM] According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis…
SEC files objection to Binance.US’s plans to acquire Voyager Digital
[Jan 4, 2023 7:44 PM] The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition.
CrossTower to acquire institutional prime brokerage BEQUANT
[Nov 29, 2022 8:45 PM] It comes after months of window shopping by CrossTower as crypto companies are still looking to expand despite the crypto market downturn.
CrossTower eyeing further crypto acquisitions outside of Voyager bid
[Nov 23, 2022 11:11 PM] CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse.
Ripple to consider deals for FTX assets: Brad Garlinghouse
[Nov 19, 2022 8:01 PM] Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers.