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Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...
Binance Japan Will Start Operations After June
28.4.2023
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
25.4.2023
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
How to use ChatGPT to learn a language
8.4.2023
Ask ChatGPT for definitions, translations and grammar explanations in your target language
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
27.3.2023
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 loans from SVB, as well as the 17 branches that...
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
20.3.2023
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all...
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
18.3.2023
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 protect against any losses if it purchases Credit...
Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs
22.2.2023
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 non-fungible token (NFT) assets. Luxor Plans to Address...
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
15.2.2023
On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music...
Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App
13.2.2023
Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets....
Ebay Expands Into NFT and Web3 Space With New Job Openings
3.2.2023
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June...
Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy
20.1.2023
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 with other members of the crypto industry. This...
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions
7.1.2023
Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is “modifying” its withdrawal policy, citing the crypto...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
5.1.2023
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 Giannaros, however, told Axios that the company is “still...
SEC files objection to Binance.US’s plans to acquire Voyager Digital
5.1.2023
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
30.11.2022
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
24.11.2022
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
20.11.2022
Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers
Circle marks a possible $3B loss from Binance stablecoin conversions
16.11.2022
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX