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Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust

[Aug 28 6:19 AM] Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust.

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…

European Banks to Disclose Exposure to Crypto Assets

[Jun 29, 2023 3:00 PM] Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the…

Biden, Republicans Strike Tentative Deal to Raise US Debt Ceiling

[May 28, 2023 6:00 AM] The White House and House Republicans have reached an agreement in principle to raise the U.S. debt ceiling. Described by President Joe Biden as “good news for the American people,” the deal would open the door to avoiding a historic…

Voyager’s $1B deal with Binance.US moves forward after deal with Feds

[Apr 19, 2023 10:01 PM] The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward.

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…

Digital Gold Traded for Digital Rubles by Russia’s Rosbank

[Feb 9, 2023 6:30 AM] Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets…

Cryptocurrency Exchange to Sponsor Ukraine’s National Soccer Team

[Jan 13, 2023 9:30 PM] Ukraine’s national soccer team has secured a sponsorship deal with a player from the industry that wants to engage fans and promote adoption of cryptocurrencies. As part of the agreement, an EU-based coin trading platform will be the team’s crypto…

Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena

[Jan 12, 2023 5:00 PM] A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt…

Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys

[Jan 5, 2023 6:30 AM] Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the…

Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal

[Dec 7, 2022 12:30 PM] According to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe…

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.

FTX and Binance’s ongoing saga: Everything that’s happened until now

[Nov 9, 2022 10:06 PM] The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now.