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Robinhood Moves Forward With Acquisition of Bitstamp

Bitcoin.com
Robinhood Moves Forward With Acquisition of Bitstamp
Acquisition
Robinhood Moves Forward With Acquisition of BitstampRobinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations

Bitcoin.com
Cleanspark Acquires Griid in 5 Million All-Stock Deal to Boost BTC Mining Operations
Acquisition
Cleanspark Acquires Griid in 5 Million All-Stock Deal to Boost BTC Mining OperationsIn a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK

Bitcoin.com
Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHK
Acquisition
Bitflyer Takes Over FTX’s Defunct Japanese Unit: NHKAccording to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX. The report indicates that arrangements are currently underway to take over the business. Bitflyer Acquires Bankrupt FTX Japan, Local Report Claims On June 20, 2024, NHK reported that Japan’s Bitflyer acquired the now-defunct Japanese unit of FTX. […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

Bitcoin.com
Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for .8 Million
Acquisition
Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for .8 MillionCleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover

Bitcoin.com
Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover
Acquisition
Bitfarms Adopts Defensive Measures Against Riot Platforms’ TakeoverBitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62% of Bitfarms, made an unsolicited bid to acquire all shares and plans […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

Bitcoin.com
Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer
Acquisition
Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer DesiweminerBitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’

Bitcoin.com
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
Acquisition
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly presented to shareholders. Riot asserts that the acquisition will establish a vertically integrated, geographically […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Ripple Aims to Expand Regulatory Reach With Standard Custody Acquisition

Bitcoin.com
Ripple Aims to Expand Regulatory Reach With Standard Custody Acquisition
Acquisition
Ripple Aims to Expand Regulatory Reach With Standard Custody AcquisitionIn a strategic move to bolster its regulatory credentials, Ripple has announced its plan to acquire Standard Custody & Trust Company. This acquisition, pending regulatory approval, is set to enhance Ripple’s portfolio of digital asset solutions and regulatory licenses, marking a significant step in the company’s expansion. Ripple Plans to Acquire Standard Custody & Trust […]
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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

CoinShares gets buying rights to Valkyrie’s crypto ETF unit

Coin Telegraph
CoinShares gets buying rights to Valkyrie’s crypto ETF unit
Acquisition

The deal comes as Bitcoin ETF applications in the U.S. are seemingly inching closer toward regulatory approval.

European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S.

CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market.

“The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration,” said Mognetti. “This disparity in market evolution presents both challenges and significant opportunities.”

The option will remain active until March 31, 2024. For now, Valkyrie Funds will continue to operate as an independent entity until an acquisition by CoinShares is finalized.

The two crypto-centric firms also agreed on a brand licensing term where the CoinShares name would be used in future S-1 filings to the Securities and Exchange Commission — used to register a securities offering with the regulator when companies plan to go public.

Related: Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz

If the SEC approves the Valkyrie Bitcoin Fund, Valkyrie plans to incorporate the CoinShares name into the ETF.

Valkyrie filed for the spot Bitcoin ETF on June 21, along with BlackRock and a host of other financial firms.

CoinShares, which oversees over $3.2 billion in assets under management, expressed its optimism toward the U.S. cryptocurrency ETF market in September and iterated that the economic powerhouse isn’t lagging on digital asset regulation.

Magazine: Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame

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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

Stablecoin issuer Circle weighing up 2024 public launch: Report

Coin Telegraph
Stablecoin issuer Circle weighing up 2024 public launch: Report
Acquisition

Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.

A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the deliberations will result in a public listing.

Circle first agreed to go public in a $4.5 billion merger with Concord Acquisition in July 2021 but that deal fell through.

“Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations,” a Circle representative told Bloomberg.

Circle remains tight-lipped on the details. “We don’t comment on rumors,” the representatives added.

A potential IPO would see the now-privately owned Circle publicly offer shares for the first time.

Related: Moody’s unveils service that uses AI to predict stablecoin depeggings

Circle was valued at $9 billion in February 2022 after the firm revised its merger deal with Concord. However, USDC’s market cap has fallen 56% from its $55.9 billion peak in June 2022 to $24.6 billion.

Circle has received investment from financial services firms BlackRock, Fidelity Management, Goldman Sachs, General Catalyst Partners and Marshall Wace.

USDC temporarily depegged from the United States dollar in March due to its $3.3 billion exposure to the now-collapsed Silicon Valley Bank. It bottomed at $0.87 on March 11 before bouncing back to $1 on March 14, according to CoinGecko.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

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BNB Chain Launches Memecoin Solution to Rival Pumpfun

BNB Chain Launches Memecoin Solution to Rival Pumpfun

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