Former Kraken Executives Acquire Real Estate Firm Janover and Reveal Plans for SOL Treasury

Janover’s price has skyrocketed by 1000% following the announcement of their new crypto ownership solution. This surge comes as the Sol Treasury reveals ambitious plans for the future development of the project. The increase in Janover’s price showcases the market’s positive response to the innovative crypto ownership solution. Investors are showing a strong interest in [...]

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Bit Digitals Bitcoin Mining Expansion: Acquires $53M Facility to Drive AI and HPC Growth

Bit Digital, a leading cryptocurrency mining company, has recently completed the acquisition of a new mining facility located in North Carolina. This strategic move is part of Bit Digital’s ongoing efforts to expand its mining operations and strengthen its position in the industry. The newly acquired facility is equipped with state-of-the-art mining hardware and infrastructure, [...]

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El Salvador Acquires More Than 13 BTC Since March 1, Defying IMF Deal

El Salvador Purchases 13 BTC in the Previous Week even after IMF Agreement El Salvador has added 13 Bitcoin to its reserves in the last week. This acquisition comes despite a recent deal with the International Monetary Fund (IMF). The country continues to show confidence in incorporating Bitcoin into its economic ecosystem. The decision to [...]

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Reddit Co-Founder in Talks to Acquire TikTok and Integrate with Blockchain Technology

As per reports, Reddit founder Alexis Ohanian has expressed interest in acquiring TikTok and integrating it onto the blockchain. Ohanian sees the potential for TikTok to thrive in a decentralized environment, offering users more control and privacy over their data. By bringing TikTok onto the blockchain, Ohanian believes that the popular social media platform can [...]

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Coinbase in discussions to acquire Deribit derivatives exchange: Report

Coinbase is in discussions to acquire the popular derivatives exchange Deribit, according to a recent report. The move would expand Coinbase’s presence in the cryptocurrency space and offer its users access to a wider range of financial products. Derivatives trading has grown significantly in the crypto industry, allowing traders to speculate on the future price [...]

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BlackRock Acquires 567,000 BTC Valued at $47 Billion

In recent news, BlackRock has revealed its significant investment in Bitcoin, with reports stating that the financial giant holds a staggering $4.7 billion worth of the popular cryptocurrency. This move by BlackRock solidifies Bitcoin’s position as a mainstream asset class, attracting interest from traditional financial institutions. The growth of BlackRock’s Bitcoin holdings signifies a growing [...]

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Just in: Fahrenheit LLC wins the $2B bid to acquire bankrupt Celsius Network

Early Thursday’s court filings confirmed that consortium Fahrenheit won the bid to acquire bankrupt cryptocurrency lender Celsius. Earlier stats valued the lender’s assets at about $2B. Fahrenheit comprises Arrington Capital, US Bitcoin Corp, Ravi Kaza, Steven Kokinos, and Proof Group. Fahrenheit will acquire the platform’s alternative investments, staked crypto, mining unit, and institutional loan profile. …

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Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain | Invezz

Galaxy Digital Holdings Ltd. (TSX: GLXY), a leading digital asset focused financial services and investment management firm, is poised to acquire the Helios facility from cryptocurrency mining giant Argo Blockchain (LON: ARB) In an announcement on Wednesday, Galaxy revealed the acquisition would be for roughly $65 million and include all Argo-related operations at the Texas-based ... Read more

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Should you buy Nexo after it acquired a stake in US Bank?

Nexo has acquired a stake in the bank holding company that owns Summit National Bank, which is the US federally chartered bank regulated by the Office of Comptroller of the Currency.

Nexo is a blockchain-based platform that offers a FIAT on-ramp for numerous cryptocurrencies and is a cryptocurrency exchange that offers crypto-backed loans.

Nexo (NEXO/USD) features its own native cryptocurrency, which, once locked in the platform, gives users access to numerous benefits, including discounts on interest accumulated on loans as well as the opportunity to get interest payments on deposited funds.

Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), is making a move towards becoming a modern digital FinTech bank, and Nexo has become the preferred digital asset partner.

In the latest Nexo news, Nexo acquired a stake in the bank holding company that owns Summit National Bank, based on an official announcement made by the company on September 27, 2022.

This deal has established Nexo’s US presence and has enabled the digital assets platform to open bank accounts with the Summit National Bank and enhance lending and card products that will leverage the bank’s decade-long track record of excellence when it comes to regulatory compliance. 

On September 28, 2022, Nexo (NEXO) had a value of $0.87235.

NEXO/USD Chart by TradingView.

The all-time high of the NEXO cryptocurrency was on May 12, 2021, at a value of $4.07. Based on this, we can see that the cryptocurrency has decreased and is trading at $3.19765 under its all-time high, or 78% lower.

When we go over its weekly performance, the 7-day low of Nexo (NEXO) was at $0.862743, while the 7-day high was at $0.982966. Here we can see an increase of $0.120223 or 14%.

However, when we take a look at its 24-hour performance, Nexo (NEXO) had its low point at $0.871526, while its high point of value was $0.952525. This gives us an indication of an increase of $0.080999 or by 9%.

With all of this in mind, at $0.87235, investors might want to buy Nexo as it can climb to $1.2 by the end of October 2022.

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Acquire.Fi: The World’s First Web3 M&A Marketplace

The founding team of Acquire.Fi observed a vacuum for a Merger & Acquisition (M&A) marketplace to invest in crypto enterprises and intellectual property that are up for sale.

Continue reading Acquire.Fi: The World’s First Web3 M&A Marketplace at DailyCoin.com.

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Dragonfly acquires a16z-backed crypto hedge fund MetaStable

Crypto venture firm Dragonfly has acquired cryptocurrency hedge fund MetaStable Capital, taking another step into establishing itself as a top crypto-focused platform in the industry.

Dragonfly, which announced the acquisition on Monday, did not disclose the amount of money involved in the deal. However, it did indicate that completing the purchase adds to its other subsidiaries Dragonfly Ventures and Dragonfly Liquid.

MetaStable, founded in 2014 and backed by a16z and Sequoia, is one of crypto’s longest-running hedge funds, with some of its major investments being in Ethereum, Cosmos, Avalanche, Filecoin and Algorand.

The acquisition has made Dragonfly “more expansive than it’s ever been,” the company’s managing partner Haseeb Qureshi wrote in a medium post.

Noting that it was “time for a refresh” for the venture platform, Qureshi added that Dragonfly had decided to adopt a more crypto-native look by rebranding from “Dragonfly Capital” to just Dragonfly.

“Our aesthetic is less Patagonia, more ASCII; less stock photo, more glitch art,” he noted.

Dragonfly was founded in 2018 and currently counts Avalanche, Near Protocol, MakerDAO and Matter Labs among platforms in its investment portfolio.In July, the firm led a $3.5 million seed funding round for DebtDAO, a decentralised finance (DeFi) credit solution also backed by Numeus and Daedulus. Earlier this month, the Lido DAO community voted to allow a 10 million LDO token sale to Dragonfly as the platform looked to navigate the ongoing crypto winter.

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MoneyGram acquires 4% stake in crypto ATM firm Coinme

US-based cross-border P2P payments and money transfer company MoneyGram has taken yet another initiative in the crypto industry after it partnered with Stellar Foundation in October to offer instant payments service via USDC. The company has now acquired a minor “strategic” stake in Coinme, the first licensed Bitcoin ATM company in the US, following the […]

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Crypto Flipsider News – Fed Ponders Policies, Market Fear Worsens, CMC and Coinbase Bug, Tesla Accepts Dogecoin, Robinhood Acquires Cove, Cash App Bitcoin Feature, Anchorage Raises $350 Million

Read Wednesday's breaking news in the daily digest.

Continue reading Crypto Flipsider News – Fed Ponders Policies, Market Fear Worsens, CMC and Coinbase Bug, Tesla Accepts Dogecoin, Robinhood Acquires Cove, Cash App Bitcoin Feature, Anchorage Raises $350 Million at DailyCoin.com.

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Polygon Acquires Mir Protocol in $400M Deal in Order to Bolster ‘Groundbreaking ZK Rollup Tech’ – Defi Bitcoin News

On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the […]

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Reserve acquires Colombian startup Wama | by Sinatra | Reserve | Dec, 2021

For our expansion into Colombia, we are very pleased to announce our recent acquisition of Wama, a company specializing in financial services and remittances for the Venezuelan migrant and refugee community. Wama offers a solution that allows users to safely send money with the best exchange rate without having to interact with the complexity and […]

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Trumps World Liberty Financial Acquires Additional $10 Million in ETH

In a bold move, Trump World Liberty Financial has acquired additional Ethereum (ETH) tokens, demonstrating a growing interest in the cryptocurrency market. The purchase comes at a time when digital assets are gaining popularity, with Ethereum being a top choice for many investors. The decision by Trump World Liberty Financial to increase their ETH holdings [...]

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SYS Labs acquires FortKnoxster and announces SuperDapp

SYS Labs, a Web3-focused company behind Sycoin (SYS) that’s looking to make it easy for enterprises to transition to Web3 by providing tailored solutions, has acquired crypto security firm FortKnoxster. Syscoin traded just higher after the news, with SYS gaining by around $0.16 amid increased activity. According to data from CoinGecko, Syscoin’s daily trading volume …

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