The price of OmiseGO (OMG), a token underpinning a second-layer solution for scaling on Ethereum, pumped more than 12% on Friday on the back of an unconfirmed report that claimed the project’s “sister” (originally parent) company, Omise, was acquired for $ 150 million by Thailand’s largest private company, Charoen Pokphand Group (CP Group). According to the […]
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Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows
Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $ 13.5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown.
The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to raise ethical concerns stemming from the company’s shared past with Hacking Team, an Italian, man-in-the-middle software provider whose malware and spyware has been linked to human rights and privacy abuses around the globe.
In the Daily: Circle Acquisition, Tagomi Funding Round, Tradingview Crypto Index
In this edition of The Daily we cover a few examples of the evolving institutional crypto investment world. Circle has completed an acquisition of a regulated broker, cryptocurrency prime brokerage Tagomi closed a $ 12 million funding round, and charting portal Tradingview added a crypto index.
Also Read: Tron Partners With Tether to Launch TRC20-Based Stablecoin
Kraken Advances U.K. Expansion With the Acquisition of Futures Platform
U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities.
Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.”
Facebook (FB) Quietly Makes Its First Blockchain Acquisition
Facebook (FB) has made its first acquisition in the blockchain space, purchasing the team behind Chainspace, a small blockchain startup founded by researchers from University College London. According to a breaking report by Cheddar that cites individuals familiar with the matter, four of the five researchers behind Chainspace’s whitepaper are joining Facebook’s blockchain group, with two already […]
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Still Awaiting Regulatory Approval, Bakkt Makes Its First Acquisition
Intercontinental Exchange’s (ICE) Bitcoin exchange subsidiary, Bakkt, announced on Monday that it has entered into an agreement to acquire select assets of Rosenthal Collins Group, a futures commision merchant. We’re pleased to share that we have entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG), an independent futures commission merchant https://t.co/5sgdbRO6Ql — Bakkt (@Bakkt) […]
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Bitstamp Confirms Acquisition by South Korean Company
Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Bitstamp Acquired
The oldest remaining and largest cryptocurrency exchange in Europe, Bitstamp, announced on Monday that it has been acquired by Belgium-based investment company NXMH, a subsidiary of South Korea-based NXC Corp.
In a blog post, Bitstamp CEO Nejc Kodrič wrote:
Bitbuy Completes Acquisition of CBIX
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Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange
On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform
The post Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange appeared first on CCN
Why Discord Might Be a Prime Acquisition Target for Microsoft
Discord, the popular software service utilized mainly by video game communities, has quietly positioned itself to become a major player in the gaming industry. With a user base of more than 150 million, which has tripled over the last year, Discord has recently pivoted to add an online store that will sell games to customers through […]
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Huobi Enters Japanese Market With BitTrade Acquisition
Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market.
BitTrade, which is one of the 16 government-approved crypto exchanges in the country, announced the news yesterday, September 12, 2018.
Japan’s Financial Services Agency (FSA) began issuing exchange operating licenses in 2017, but in light of the Coincheck hack in January 2018, the approval rate has plummeted as the agency has tightened its requirements.
Desperate to Sell: BitTorrent Approached NEO, EOS and Others Before TRON Acquisition
TRON (TRX) made headlines when it acquired BitTorrent, a file-sharing communications protocol based on a peer-to-peer network, back in June. While the acquisition of a decades-old company by an upstart blockchain project is notable, the bigger story is what happened behind the scenes. According to a recent report by CoinDesk, multiple other blockchain companies had been approached by BitTorrent […]
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Not Everyone Is Happy With TRON’s Acquisition Of BitTorrent
It’s hardly news now, but yes, TRON bought BitTorrent, one of the worlds biggest networks for peer to peer sharing, giving TRON access to a huge customer base and also fulfilling Satoshi Nakamoto’s vision of a crypto future that had engagement within such an application. Yes, Nakamoto is said to have even referenced BitTorrent at one point.
With the majority of the crypto community optimistic about this move, many of us have spent a lot of time looking at how the future for TRON now looks with BitTorrent in its portfolio.
Is This Coinbase Acquisition More Important Than We First Thought?
Coinbase have been very busy this month, making announcements and connections on an almost daily basis. Whilst a few months ago, the exchange seemed to be content just running as they did, now, the picture for Coinbase is very different.
We can now see a very bright future for Coinbase, they are intent on growing their portfolio and moreover, are more intent on becoming the world’s first institutional investment friendly cryptocurrency exchange. Though through this passion to bring in big business, they of course haven’t forgot the needs to their personal customers either.
Binance Acquires Trust Wallet in its First-Ever Acquisition
Binance has made its first-ever acquisition, snapping up a crypto wallet provider. Trust Wallet is a mobile Ethereum wallet that supports ERC20, ERC223 and ERC721 tokens. The acquisition is proof of the importance of secure wallet technology to the exchange, Binance stated in a press release. The Trust Wallet team will retain its autonomy and will continue to develop the crypto wallet’s services, with Binance assisting in some non-technical areas such as marketing. While the details of the deal were not made public, reports indicate that the acquisition was made through cash, the exchange’s BNB token, and Binance stock.
Binance Makes First Public Acquisition: Anonymous Wallet for Ethereum Tokens
Binance, the world’s largest cryptocurrency exchange by volume, has officially made its very first public acquisition: Trust Wallet – an anonymous mobile storage solution for Ethereum-based tokens.
Trust Wallet is a decentralized and anonymous mobile wallet application. It is designate to support Ethereum as well as upwards of 20,000 different tokens on the ERC20, ERC223, and ERC721 standards.
Win-Win
Binance announced July 31 that it has completed its first public acquisition. It would essentially enable the cryptocurrency exchange to add yet another service to its lineup, providing a mobile wallet to its customers.
Facebook Reverses Cryptocurrency Ad Ban Amidst Rumors of a Coinbase Acquisition
Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.
In a published blog post, Facebook Product Management Director Rob Leathern said the company has refined the policy and will now “allow ads that promote cryptocurrency and related content from pre-approved advertisers.”
Facebook’s January ban on cryptocurrency ads stemmed from ICO scams and the lack of regulation in the space at the time. The company was heavily criticized for the broadness of its ban which it justified by saying it was “intentionally broad while we work to better detect deceptive and misleading advertising practices.”
Blockchain Developers Abandon Github Following Microsoft Acquisition
Microsoft’s acquisition of open source code repository Github has provoked protest from members of the crypto community. Developers of bitcoin core and other blockchains have expressed disquiet at the corporate takeover, with several stating their intent to migrate to an alternative platform at the earliest possible convenience.
Also read: Crypto Point-of-Sale Devices Begin Roll-Out in Indonesia Despite Ban
Coincheck Accepts Monex Acquisition Bid Which Will Inject It With Billions of Yens
The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country. Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own.
Also Read: Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange Accounts
Coincecheck Shakeup
The leadership of Coincheck exchange has reportedly accepted on Thursday the acquisition bid by Japanese financial services firm Monex Group (Tokyo Stock Exchange: 8698). The final details are still being worked out between the two sides but the exchange is expected get a cash injection of 3.6 billion yen ($ 33.6 million).
Monex Confirms Coincheck Exchange Acquisition, Plans Future IPO
Japanese online brokerage Monex Group has confirmed a deal to acquire cryptocurrency exchange Coincheck, which suffered a major breach in January.
CoinDesk