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Crypto Custody Firm BitGo Files $100M Lawsuit Against Galaxy Digital For Breaching Merger Agreement
13.9.2022
Cryptocurrency custody firm BitGo has filed a lawsuit against Galaxy Digital, seeking more than $100 million in damages
Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre
10.9.2022
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt...
Sorare Partners With NBA to Build a Licensed NFT Game
8.9.2022
Sorare, a French fantasy game startup, reached an agreement with the National Basketball Association (NBA) to build a non-fungible token (NFT) game under its license, allowing the company to use team names and player likenesses from the league. The company, which had already signed similar...
BC.GAME Announces Its Sponsorship Agreement With the Argentine Football Association
8.9.2022
The Argentine Football Association and BC.GAME, the crypto casino platform that won the award for the best crypto casino of 2022, has reached a global sponsorship agreement. The Argentine team will have the support of BC.GAME during the coming months and during the World Cup matches in Qatar. This...
Bitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million
7.9.2022
The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects the machines to be delivered to the company’s facilities by the end of October or early...
Meta & Qualcomm to Develop Metaverse Geared Silicon to Be Used in Next Gen Headsets
6.9.2022
Meta recently announced a partnership with mobile chip company Qualcomm to produce chips geared for the metaverse market. The agreement will allow Meta to use Qualcomm’s XR technology, designed for extended and virtual reality tasks, to design and manufacture silicon to be put in the next...
InfinitySwap and DSCVR Sign a Partnership Agreement
30.8.2022
InfinitySwap is excited to announce a partnership deal with DSCVR, one of the biggest social media initiatives on the Web3. The collaboration between InfinitySwap and DSCVR has been made public to advance the growth of the Internet Computer system. DSCVR’s mission is to create the first...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...
Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement
15.8.2022
BitGo said Galaxy Digital owes it a $100 million break-up fee
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals
19.7.2022
The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately 23.3...
Twitter Sues Elon Musk to Enforce $44 Billion Buyout Deal — Insists Breach Allegations Lack Merit
13.7.2022
Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company. Twitter v. Elon Musk: Lawsuit...
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Tesla CEO Elon Musk Officially Terminates $44 Billion Twitter Deal — Twitter Threatens Lawsuit
9.7.2022
Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained. Musk Ending Deal With Twitter Citing ‘Material...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm
5.7.2022
The firm is reportedly seeking a new funding round that would infuse with more cash at a 50% lower valuation than one year ago
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
2.7.2022
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies
30.6.2022
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...
EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation
30.6.2022
The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement...
EU officials reach agreement on AML authority for supervising crypto firms
29.6.2022
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
29.6.2022
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle...