Tag: acquisition

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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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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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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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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