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From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX
10.11.2022
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors....
Binance Walks Away From Deal to Acquire FTX
9.11.2022
A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."
Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly
9.11.2022
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana...
Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals
8.11.2022
According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com...
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
8.11.2022
Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?
CZ Says Binance Intends to ‘Fully Acquire FTX,’ Sam Bankman-Fried Confirms Transaction
8.11.2022
After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and noted there is a “significant liquidity crunch.” FTX CEO Sam Bankman-Fried has confirmed...
Binance CEO announces intent to acquire FTX to 'help cover the liquidity crunch'
8.11.2022
FTX CEO Sam Bankman-Fried called the news a "user-centric development that benefits the entire industry."
Digital asset platform Bakkt set to acquire Apex Crypto for $200M
3.11.2022
The company said this acquisition is expected to diversify and bolster Bakkt’s revenue as it scales its offerings
Crowdfunding Platform StartEngine to Acquire Rival SeedInvest From Circle
27.10.2022
StartEngine CEO Howard Marks says security token efforts will continue on the combined platform
LBank Labs Invites Czhang to Join as Investment Group Member
26.10.2022
PRESS RELEASE. Internet City, Dubai, Oct. 26, 2022 — Crypto Investment Group, LBank Labs, welcomes new member Czhang to their investment committee team. With many successful investment cases under its belt, LBank Labs is excited to have new talent onboard and hopes to acquire more talented...
Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions
17.10.2022
South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time...
Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum
6.10.2022
Toronto-based crypto lending firm Ledn has agreed to acquire Canadian crypto exchange Arxnovum, according to a press release
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
28.9.2022
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that...
Rebus Announces Public Coin Distribution via Osmosis
27.9.2022
PRESS RELEASE. RebusChain, a platform set to take DeFi mainstream, is going public by announcing its public coin distribution (PCD) late this Summer. The PCD means those supporting its mission can now acquire coins via liquidity bootstrap pool (LBP) on the Osmosis network, and this marks...
Huobi Partners With Astropay to Facilitate Fiat Payments in Latam
23.9.2022
Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with Astropay, a payment services platform, to allow customers in Latam to purchase cryptocurrency with fiat...
Eurocoinpay Partners With Mastercard to Launch One of the First Cryptocurrency Based Cards in Spain
20.9.2022
Eurocoinpay, a Spanish cryptocurrency exchange, has closed a deal to offer one of the first cryptocurrency-based debit cards in Spain. The card, which is already available for customers of Eurocoinpay, will allow users to acquire products in more than 90 million establishments in the European Union...
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 $1.5 Billion Wyre Acquisition Bolt...
Mergers and Acquisitions Innovation for DeFi and Web3 Pushed Forward, Crypto Collapse Phoenix
30.8.2022
In 2021, the global cryptocurrency market was valued at US$ 1,782 Billion. Sectors like DeFi and NFTs allowed individuals to earn high yields on their investments and create unique collectables as web3 introduces decentralized and permissionless ownership of assets to individuals. Acquire.Fi...
FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi
29.8.2022
Huobi’s native token HT declined about 6% following Bankman-Fried’s tweet
Galaxy Digital Ends Plan to Acquire Crypto Custody Firm BitGo
15.8.2022
The $1.2 billion acquisition was announced May 2021 and was expected to close by the end of that year