acquisition News

Blockchain startup Ripple covered the losses of Fortress Trust clients as part of its purchase agreement. Fortress said the losses were caused by a “third-party vendor whose cloud tools were compromised”, according to The Block. “Luckily, Ripple was in a…

The Stellar Development Foundation acquires a minority stake in major remittances platform MoneyGram. The Stellar Development Foundation (SDF) — the organization behind the Lumens (XLM) blockchain — announced on Aug. 15 that it is acquiring a minority stake in major remittances…

A group of investors are reportedly nearing a deal to acquire crypto media outlet Coindesk for $125 million.  According to the Wall Street Journal citing “people familiar with the matter,” the investor group is led by Matthew Roszak, founder and…

Cryptocurrency consortium Fahrenheit emerges as the successful bidder in acquiring bankrupt lender Celsius Network, securing nearly $2 billion worth of assets

Customers of the bankrupt crypto broker Voyager may be getting their money trapped in the platform in the coming weeks, shortly after Binance.US pulled out of an initial deal to purchase Voyager’s assets.  The Voyager Official Committee of Unsecured Creditors…

Cooper Morgenthau, the former CFO of African Gold Acquisition Corp, has been sentenced to 3 years in jail for stealing $5 million from three different SPACs to trade cryptocurrencies and "meme stocks."

Voyager has turned to Twitter to announce that Binance.US has backed out of its deal to purchase the company's assets. 

Binance bought stakes in Multicoin in 2021, an investment that is raising red flags because of the latter's "relationship" with FTX

Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo’s final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurement talks On Jan. 6, Vauld, a Singapore-based unsettled crypto lender, affirmed the…

The Security and exchange commission is seeking more clarity on how Binance.US exchange can afford its proposed $1bn deal for Voyager digital.

The asset management firm has laid out plans to manage Grayscale’s bitcoin trust, which has significantly declined since the beginning of the crypto winter. Valkyrie, a Nashville, Tennessee-based asset manager with over $1 billion in assets under management, has announced…

Nexo has terminated a potential acquisition deal previously announced in July 2022.

Bucherer, one of the world’s biggest companies in the luxury goods field, has acquired digital authentication startup Adresta, with the takeover taking immediate effect as of September 30th. Adresta, which will be fully integrated into the Bucherer Group immediately, uses blockchain…

FTX CEO and crypto billionaire Sam Bankman-Fried was contemplating partnering with fellow billionaire and Tesla CEO Elon Musk to purchase the major microblogging platform, Twitter. SBF Was To Going Commit $5 Billion to Joint Twitter Acquisition   According to Business Insider,…

Thailand’s oldest bank Siam Bank Commercial (SCB) has decided to end plans to acquire a stake in the country’s leading cryptocurrency exchange Bitkub, citing pending regulatory issues. SCBx Ends Shares Transaction Deal With Bitkub According to Reuters on Thursday (August…

Dragonfly (formerly Dragonfly Capital) has announced the acquisition of crypto hedge fund, Metastable Capital for an undisclosed amount. Dragonfly has also gotten a fresh logo and dropped ‘Capital’ from its name as part of its rebranding process, according to a…