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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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Tag: acquisition

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

Category: Business, Exchange, Finance, Investment, News, Platform, Tech

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

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, while CEO Nejc Kodric retains a 10 percent ownership interest…

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Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification

Category: Altcoins, Bitcoin, Business, Development, Finance, News

Shapeshift Acquires Bitfract to Simplify Cryptocurrency Portfolio Diversification

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) into a variety of digital assets in a single transaction….

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Tron Founder Justin Sun Acquires BitTorrent, Says Report

Category: Altcoins, News, Tech

Tron Founder Justin Sun Acquires BitTorrent, Says Report

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 application Peiwo in his homeland, before establishing blockchain-based internet protocol…

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

Category: Bitcoin, Business, News

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

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 see Shandong Luyitong purchase the company.   Avalon Acquisition Hits…

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

Category: Business, News

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

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 across North America, Kraken already offers more services than Coinsetter…

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