Leading crypto exchange Binance is set to fully acquire Indonesian-based Tokocrypto, following a 100% share ownership in the exchange. As early as 2020, Binance invested in Tokocrypto and owned about a 60% stake in the exchange. As per Coindesk Indonesia, Binance will gradually increase its stakes to about 100%. Binance CEO Changpeng Zhao confirmed the…
Crypto holding company Bitcoin Group has moved to buy one of the world’s oldest banks Bankhaus von der Heydt, for roughly $15 million. Bankhaus von der Heydt was founded in 1754 as a privately-owned bank offering traditional and digital assets banking. It became the first bank in German to offer cryptocurrency trading and custody services…
Circle Internet Financial (Circle) and Concord Acquisition Corp (NYSE:CND) have announced the mutual termination of their proposed business combination. The termination of the proposed deal was approved by the boards of both companies. 1/ Some big @circle news. This morning, we announced the termination of our proposed deSPAC transaction. While disappointing that we did not…
Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital. There are growing concerns over the possibility of the contagion spreading to Greyscale Bitcoin Trust and Digital Currency Group but are…
BitGo said that Galaxy Digital’s decision to pull out of the merger deal has nothing to do with its financial statements but with Galaxy’s inability to finance the deal owing to its loss of over $661 million in the first half of 2022. On August 15, Galaxy Digital announced that it would terminate its merger…
A Bitcoin (BTC) whale sent over 200,000 BTC to Coinbase between July 18 and July 21, according to a tweet from CryptoVinco on Sept. 5. One of the biggest #Bitcoin whales with over 200K+ $BTC sent ALL of their coins to exchanges. I’m 99% certain this is Michael Saylor’s Bitcoin address, and they’re planning to…
Aptos Labs, a blockchain startup founded by former Diem developers announced that it has closed a $150 million Series A funding round led by FTX Ventures and Jump Crypto. Founded less than a year ago, the startup had earlier raised $200 million in a seed round led by a16z. With the latest funding, the startup…