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Medici Benkorous Blockchain Blue Lightning

Medici Ventures Acquires Stake In Bankorus

March 12, 2019 by Tokoni Uti at Blockchain, Business, News

In their latest acquisition, Medici Ventures has acquired a 5.1 percent stake in blockchain banking platform, Bankorous, as announced in a March 11, 2019 press release. Latest Addition Overstock’s Medici ventures have made yet another move to acquire equity, following their $2.5 million equity acquisition in GrainChain, a blockchain-based payment...

Circle Internet Financial Acquires SeedInvest Crowdfunding Platform

March 6, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

Circle, a U.S-based fintech firm has completed the acquisition process of SeedInvest in a bid to establish a robust token marketplace that would allow businesses as well as individuals to raise capital via open crypto rails and infrastructure, according to a blog post March 4, 2019. Circle Officially Takes Over...

Facebook Basis Business Blue Desk Papers

Facebook’s New Interest In Blockchain Firms Fresh Rumors

February 8, 2019 by Tokoni Uti at News

It was reported by The Information on February 6, 2019, that Facebook is interested in acquiring more blockchain firms following their recent acquisition of Chainspace. First Step On February 5, 2019, it came to light that Facebook had made its first blockchain acquisition by purchasing ChainSpace. The acquisition reignited rumors...

Facebook Acquires Blockchain Startup, Chainspace

February 5, 2019 by Tokoni Uti at Blockchain, Business, News

Facebook has seemingly confirmed rumors of their foray into the blockchain industry by acquiring smart contract focused startup Chainspace, as per reports from Cheddar, February 4, 2019. First for Facebook For months now, rumors have been floating about Facebook taking the plunge into the blockchain and cryptocurrency industry, which includes...

Octupus (Kraken) Holding Cryptocurrencies in its Tentacles

Kraken Becomes First Crypto Exchange to Offer both Spot and Futures Trading after Crypto Facilities Acquisition

February 5, 2019 by Alex Lielacher at Bitcoin, Business, Exchange, Finance, Investment, News

San Francisco-based digital asset exchange Kraken announced that it has acquired cryptocurrency futures broker Crypto Facilities and is reportedly on its way to completing a $100 million fundraising round. Futures Are Coming to Kraken According to a company press release, Kraken has purchased London-based cryptocurrency trading firm and index provider, Crypto...

Coinbase Acquires Data Collection Startup Blockspring

January 18, 2019 by Neil at Business, Exchange, Investment, News

Coinbase, one of the most recognized companies in the cryptocurrency sector with an $8 billion dollar valuation, has acquired Blockspring, a startup focused on data collection and processing (Jan. 14, 2019). Blockspring in Brief Interestingly in this instance, Blockspring announced the acquisition on their own blog, which is unlike many...

Ant Financial Character Looking into an Open Briefcase

Ant Financial Seeks to Move into European Market with WorldFirst Take Over

December 28, 2018 by contributor at Business, Finance, Investment, News

Chinese payments giant Ant Financial, a wholly-owned subsidiary of Alibaba Group, is in advanced discussions with European payments application WorldFirst in a takeover deal worth $700 million, reported Finance Magnates on December 26, 2018. Ant Eyes Europe Founded in 2014, WorldFirst is an international payments specialist and currency exchanger aimed...

Cryptocurrency Exchange Bitstamp Acquired by South Korean Conglomerate for an Undisclosed Amount

October 30, 2018 by Ogwu Osaemezu Emmanuel at Business, Exchange, Finance, Investment, News, Platform, Tech

Bitstamp, one of the top-30 cryptocurrency exchanges in the world by daily trading volume, was acquired by Belgium-based investment company NXMH for an undisclosed amount in cash, reported Reuters on October 29, 2018. Another Crypto Exchange Acquired With the successful purchase, NXMH now reportedly has 80 percent stake in Bitstamp,...

$Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification$

Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification

August 10, 2018 by Pratik Makadiya at Altcoins, Bitcoin, Business, Development, Finance, News

In an attempt to quicken and simplify the process of buying of cryptocurrencies, Shapeshift AG, the Swiss trading platform, announced its acquisition of Austin-based cryptocurrency converter company, Bitfract on August 7, 2018. Simplify Trading Operations Bitfract is an American firm whose platform allows its users to convert their bitcoin (BTC)...

Tron Founder Justin Sun Acquires BitTorrent, Says Report

June 13, 2018 by contributor at Altcoins, News, Tech

BitTorrent, the operationally-decentralized, peer-to-peer file sharing platform, has been sold to Tron founder Justin Sun for an unspecified amount. BitTronrent? As per a report on Variety, the deal was confirmed in June 2018 after weeks of speculation. Sun is a Chinese entrepreneur earlier known for launching the widely-popular photo sharing...

Regulatory Delay of Avalon Acquisition Taken In Stride By Parent Company Canaan

October 3, 2016 by JP Buntinx at Bitcoin, Business, News

When Bitcoin mining manufacturer Avalon was put up for sale, it only seemed a matter of time to finalize the deal. But Chinese regulators are putting spokes in the wheels. Regulators from the Shenzhen Stock Exchange are unsure as to whether or not they should approve this deal, which would...

Coinsetter and CaVirtex: A “Substantive and Noticeable” Service Upgrade from Kraken Merger

January 20, 2016 by Daniel Dob at Business, News

Bitcoin exchange Kraken has announced that it has purchased Coinsetter and the Canadian CaVirtex in a significant acquisition that concentrates three prominent exchanges under one brand. In an interview with BTCMANAGER, CEO of Kraken Jesse Powell stated that the company has no plans to restructure its services. “Fortunately for traders...

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