Bitfarms Addresses Riot's Misleading Claims Amid Acquisition Talks

Bitfarms responds to Riot's claims, emphasizing its commitment to shareholder value and strategic acquisitions. (Read More)

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Bitfarms Reports August 2024 Production and Strategic Expansion

Bitfarms announces acquisition of Stronghold Digital Mining, reports August 2024 BTC production, and outlines significant expansion plans. (Read More)

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Matrixport acquires Swiss asset manager, expands in Europe

Matrixport has completed its all-cash acquisition of Switzerland-based Crypto Finance Asset Management.

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MicroStrategy raises $1.01B for Bitcoin acquisitions

MicroStrategy has completed a $1.01 billion convertible note offering, allocating proceeds for Bitcoin purchases and debt repayment.

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MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC

MicroStrategys $1.11 billion Bitcoin purchase was funded by selling over 8 million company shares through a sales agreement.

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Amazon faces UK merger probe over $4B Anthropic AI investment

Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.

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Bitfarms acquires Stronghold Digital Mining in $125M deal

As part of the acquisition, Stronghold shareholders will receive 2.52 shares of Bitfarms for each share held.

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Play-to-earn is the biggest superpower of Web3 gaming: Pixels CEO

Pixels CEO Luke Barwikowski explains that, unlike Web2 gaming companies that spend heavily on advertising, Web3 games can focus on directly rewarding players.

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CoinDCX crypto exchange acquires BitOasis, expands into MENA region

CoinDCXs acquisition of BitOasis opens new opportunities in the Middle East and ensures regulated and secure trading.

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Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition

Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin.  This significant purchase, detailed in a recent company statement, has increased Marathon’s Bitcoin holdings to over $1 billion at current prices, showing the company’s confidence in the future price appreciation of the [...]

The post Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition appeared first on Crypto Breaking News.

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Riot Platforms Acquires Block Mining to Boost Capacity to 2 Gigawatts

Riot Platforms, Inc. has acquired Block Mining, Inc., significantly expanding its operational and power capacity in the Bitcoin mining sector. (Read More)

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Real Bedford FC boosts Bitcoin stash with $4.5M acquisition

Real Bedford FC expands its Bitcoin holdings with a strategic purchase of 66.9 BTC at an average price of approximately $67,220 per coin, reinforcing its commitment to crypto.

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Banking Giant's Crypto Arm Snaps Up OTC Trading Powerhouse

StandardChartered-backed Zodia Markets has agreed to acquire Elwood Capital ManagementLtd (ECML), the digital asset over-the-counter (OTC) trading business of ElwoodTechnologies, in a deal announced today (Wednesday). The acquisition, set to becompleted by August, will expand Zodia Markets' regulated presence and enhanceits services to institutional clients worldwide.

Zodia Markets AcquiresElwood's OTC Trading Business

ElwoodTechnologies, a provider of digital asset execution and portfolio managementsoftware, is divesting its OTC trading arm to focus on its coresoftware-as-a-service (SaaS) offerings. The sale aligns with Elwood's plan todevelop its execution management system (EMS) and portfolio management system(PMS) for institutional clients.

Today'sannouncement confirms last week's reports that ZodiaMarkets is preparing for an acquisition, as reported by Bloomberg.

Thissale marks an important new chapter for Elwood and strengthens our position asa leading provider of execution and portfolio management software for globalinstitutions that trade and manage digital assets, said Chris Lawn, CEO ofElwood. The sale of our OTC trading business supports Elwoods strategic planto build a world-class end-to-end EMS and PMS software platform and allows usto fully dedicate our resources to the SaaS business.

Zodia Markets is pleased to announce that it has agreed to acquire Elwood Capital Management Ltd, Elwoods Digital Asset OTC trading business based in Jersey and regulated by the Jersey Financial Services Commission. https://t.co/IQN8WMf8AL #ZodiaMarkets #OTC #DigitalAssets pic.twitter.com/mejcEL5IvW

For ZodiaMarkets, the acquisition represents a next step in its expansion strategy. Thedeal will provide the company with licenses for virtual asset service providerservices and investment businesses in Jersey, enhancing its ability to offerOTC settlement services.

Thetransaction comes as Standard Chartered, Zodia Markets' parent company, isreportedly exploring the establishment of its own trading desk for Bitcoin andEthereum. This move could position Standard Chartered as one of the firstglobal financial institutions to engage directly in cryptocurrency spottrading.

Thisacquisition is a significant progression to create greater diversification inour service offering and footprint, enabling scale and accelerating productcapability, commented Usman Ahmad, Co-Founder and CEO of Zodia Markets. Buildingon our exceptional growth in the first half of the year, we are well-positionedto further capitalize on the global institutional demand for digital assetsolutions.

Followingthe completion of the transaction, ECML will be rebranded as Zodia MarketsJersey Ltd. The deal is expected to boost Zodia Markets' daily OTC tradingvolumes, which currently range from $50 million to $60 million.

A fewmonths ago, ZodiaMarkets also partnered with Fireblocks, an enterprise platform specializingin digital asset operations and blockchain-based innovation. The strategiccollaboration, announced today (Thursday), aims to tackle existing challengesin the correspondent banking landscape while enhancing operational efficiencythrough the utilization of digital assets.

RegardingStandard Chartered, the bank announced its latestcollaboration two months ago, forming an agreement with Clearstream toenable users to access funds domiciled in the United Arab Emirates (UAE). Thiscollaboration aims to enhance fund processing and execution. It also aligns withrecent regulatory changes from the Securities and Commodity Authority of theUAE.

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Robinhood to Acquire Bitstamp in $200M Deal to Bolster Global Crypto Presence

Robinhood's acquisition of Bitstamp aims to expand its crypto offerings and global footprint. (Read More)

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Robinhood Ventures Into Institutional Crypto Space with Bitstamp Buyout

Robinhood Markets, Inc. has announced its agreement toacquire Bitstamp Ltd, a global cryptocurrency exchange. Founded in 2011,Bitstamp operates offices in Luxembourg, the UK, Slovenia, Singapore, and theUS.

The acquisition is expected to expedite Robinhood Crypto'sglobal expansion. Bitstamp holds over 50 active licenses and registrationsworldwide, attracting customers from the EU, UK, US, and Asia to Robinhood'splatform.

Entering Institutional Crypto Realm

This acquisition marks Robinhood's venture into theinstitutional business, leveraging Bitstamp's reputation for reliable tradeexecution, deep order books, and leading API connectivity. Bitstamp'sinstitutional offerings, including white label solution Bitstamp-as-a-service,institutional lending, and staking, will provide Robinhood with establishedrelationships and industry-leading products.

Bitstamp's core spot exchange offers over 85 tradableassets, along with products like staking and lending, which will enhanceRobinhood's Crypto offering.

As the worlds longest running cryptocurrency exchange,Bitstamp is known as one of the most-trusted and transparent crypto platformsworldwide, said JB Graftieaux, CEO of Bitstamp.

Bringing Bitstamp's platformand expertise into Robinhoods ecosystem will give users an enhanced tradingexperience with a continuing commitment to compliance, security, andcustomer-centricity.

Were accelerating Robinhood Cryptos worldwide expansion. Robinhood has officially entered into an agreement to acquire @Bitstamp, a global cryptocurrency exchange with customers across the EU, UK, US and Asia. More details: https://t.co/wk3x02z0rU pic.twitter.com/aadKzhCxlx

Pending Regulatory Green Light

The final deal consideration is expected to be approximately$200 million in cash, subject to customary purchase price adjustments. Theacquisition is pending regulatory approvals and other closing conditions, witha projected completion in the first half of 2025. Barclays Capital Inc. actedas the exclusive financial advisor to Robinhood, while Galaxy Digital PartnersLLC advised Bitstamp.

By seamlessly coupling customerexperience with safety across geographies, the Bitstamp team has establishedone of the strongest reputations across retail and institutional cryptoinvestors," said Johann Kerbrat, General Manager of Robinhood Crypto.

Through this strategic combination, we are better positioned to expand ourfootprint outside of the US and welcome institutional customers to Robinhood.

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CoinShares secures 116% return from FTX claim sale

CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.

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OpenAI Acquires Rockset to Enhance AI Data Processing Capabilities

OpenAI has announced the acquisition of Rockset, a company specializing in real-time data analytics, to bolster its AI data processing capabilities. (Read More)

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Bitflyer Takes the Reins: Acquiring FTX Japan amid Bankruptcy Fallout

Today (Thursday), it was disclosed that Bitflyer, a Japanesecryptocurrency exchange, has acquired the Japanese operations of FTX, which hadpreviously filed for Chapter 11 bankruptcy protection in November 2022. FTXJapan was among over 100 affiliated entities included in the bankruptcyproceedings.

Asset Segregation Raises Recovery Hopes

In contrast to its parent company, FTX Japan reported havingmore assets than liabilities, with approximately $134 million in user assetssegregated from FTX Trading. This distinction raised hopes for the potentialrecovery of funds belonging to Japanese customers.

Bitcoin.com News reported over a year and five months agothat FTX Japan customers would gradually be allowed to withdraw their assets.Founded by Yuzo Kano, a former Goldman Sachs trader, Bitflyer is awell-established cryptocurrency exchange in Japan, having received a licensefrom the Japanese Financial Services Agency in September 2017.

Just-In: BitFlyer Exchange Plans To Acquire FTX Japan https://t.co/W00Wq9XkmB

According to NHK, Bitflyer is set to acquire all shares ofFTX Japan, valuing the subsidiary in the range of several billion yen. As ofthe latest update, Bitflyer has reported a 24-hour trade volume ofapproximately $73.11 million, prominently driven by BTC/JPY transactions. Itcurrently ranks 22nd among global exchanges by trading volume as of Today.

Implementing TRUST Network

In preparation for Japan's stricter cryptocurrencyregulations starting in June 2023, Bitflyerimplemented enhanced anti-money laundering rules aligning with the FATF'sTravel Rule, as reported by FinanceMagnates.

These rules mandate sharing customer details for transactionsexceeding $3,000, including sender and recipient names, addresses, and accountinformation. Bitflyer now restricts deposits and transfers unlesscounterparties are part of the Travel Rule Universal Solution Technology(TRUST) network.

This network, backed by major exchanges like Coinbase andBitGo, facilitates secure information transmission among virtual asset serviceproviders to comply with regulatory requirements effectively.

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Coinbases Major Acquisition: Deribit Options Trading Platform Bought for $2.9 Billion

Coinbase makes a strategic move to acquire Deribit for an impressive $2.9 billion in a bid to expand its presence in the cryptocurrency market. This acquisition marks a significant milestone for Coinbase as they aim to enhance their offerings and cater to a wider range of investors. Deribit, a leading cryptocurrency derivatives exchange, has garnered [...]

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CoreWeave Finalizes Acquisition of AI Developer Platform Weights & Biases

CoreWeave, a leading AI cloud platform, completes its acquisition of Weights & Biases to enhance AI innovation capabilities, according to a recent announcement. (Read More)

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