Vauld rejected a renewed takeover proposal by crypto finance firm Nexo, citing concerns with the company’s financial health. According to The Block, Vauld “unanimously” rejected Nexo’s proposal, with ...
Tag: acquisition
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that ...
SEC Says No To Binance’s Acquisition Of Voyager Digital Assets
Last month, bankrupt crypto lender Voyager Digital accepted Binance.US’s bid to purchase its assets for over $1 billion. This had come through after the collapse of FTX, the exchange that was original...
Vauld rejects Nexo’s ‘final’ acquisition proposal, questions company’s solvency
Troubled crypto lender Vauld and its committee of creditors (COC) rejected rival Nexo’s “final” acquisition proposal due to concerns about Nexo’s financial health and others is...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations – Bitcoin News
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acqui...
SEC Objects Binance.US – Voyager Acquisition Deal, What Next?
Last month the crypto exchange, Binance announced the acquisition of bankrupt Voyager digital assets for $1.022 billion. This bid included the fair market value of Voyager’s crypto portfolio along wit...
Binance.US’ Voyager assets acquisition hits roadblock with SEC interruption
SEC has filed a limited motion objecting to Binance.US’ acquisition of Voyager’s assets The commission seeks to know how Binance.US can afford such a large deal The United States Securities and Exchan...
Regulators say not so fast to Binance US acquisition of Voyager Digital
U.S. regulators want a judge to stop the acquisition of Voyager Digital, a crypto lender in Chapter 11 bankruptcy proceedings, by Binance.US until the company discloses more about its own finances and...
SEC Charges Former African Gold Acquisition Corp CFO for Setting up $5M Fraud Scheme
The Securities and Exchange Commission (SEC) recently charged a former Chief Financial Officer (CFO) of African Gold Acquisition Corp, Cooper J. Morgenthau, with spearheading a $5 million fraud scheme...
Binance is Back in South Korea With Latest Acquisition: Report
Crypto exchange giant Binance is once again making moves in South Korea, as it is reportedly acquiring a major stake in local exchange GOPAX. According to Korean crypto news website Decenter, the larg...
DCG on tight deadline, new Binance acquisition, Silvergate lawsuit, Solana pumps
The biggest news in the cryptoverse for Dec. 22 is dominated by lawsuits, bankruptcies, and acquisitions as the top people in the industry duke it out on a big day for the bear market in this CryptoSl...
Binance Eyes South Korean Market Via Acquisition of Gopax Exchange
Exchange News The purchase announcement was originally scheduled for Christmas but was postponed. Binance left South Korea in January 2021. On Monday, Binance, the biggest cryptocurrency exchange in t...
Binance To Re-Enter South Korea Market With Latest Acquisition
The world’s largest crypto exchange Binance on Monday completed due diligence on the acquisition of Gopax and will re-enter the South Korean market. Gopax is among the top five crypto exchanges in Sou...
Binance reportedly finalizing acquisition Korean crypto exchange Gopax
Binance is reportedly taking the final steps in acquiring Korea-based crypto exchange Gopax. Binance is completing due diligence (DD) on the acquisition and finalizing the process, according to Decent...
Binance’s acquisition of Voyager Digital hit by a regulatory roadblock
Binance’s $1 billion acquisition of troubled crypto lender Voyager Digital may be at risk of being delayed or blocked by the Committee on Foreign Investment in the United States (CFIUS) review. Binanc...
Mike Novogratz calls Helios a ‘transformative acquisition’ for Galaxy
Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector. The crypto i...
Galaxy Digital pops day after Argo mining acquisition announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain’s Helios mining facility. The company will pay $65 million for the facility and will also provide a...
Helios is a ‘Transformative Acquisition’ for Galaxy Digital, Says Novogratz
Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity...
Nexo Terminates Vauld Acquisition Deal Ending Six-Month-Long Discussions
Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld. Nexo has ended discussions with rival crypto lender Vauld regarding a potential acquis...
Vauld Says Nexo Acquisition Called Off
The Singapore-based crypto lending platform Vauld rejected Nexo’s recently updated terms and conditions. On December 26, Bloomberg reported that acquisition talks between Vauld and Nexo were not settl...
Nexo Says Acquisition Talks With Rival Vauld Are Falling Apart, but Not Yet Dead
Crypto lender Nexo has reached the “enough is enough” point when it comes to its troubled bid to acquire a competitor, Vauld, the company said this week. In a letter sent to Vauld’s creditors on Monda...
Nexo, Vauld, and everything latest around the acquisition of the latter
Crypto lender Nexo stated that it was still in talks with Vauld about a possible acquisition. Nexo denied any rumors of the acquisition falling through Crypto lender Nexo iterated that it was still in...
Nexo says its Vauld acquisition deal is not over yet
Nexo has sent an open letter to Vauld creditors, making it clear that its acquisition deal with the crypto lender is still in the works. Nexo hasn’t backed out of the Vauld deal On Dec 26, reports em...
Crypto Lender Vauld Sees No Progress in Acquisition By Nexo
Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the dead...
Vauld says Nexo acquisition has broken down
Acquisition talks between Vauld and its potential buyer, Nexo, have broken down, according to a report published by Bloomberg on Dec. 26. Vauld was one of several cryptocurrency lending and borrowing ...
Nexo fall out with Vauld ends a potential acquisition deal
Major crypto lender Nexo has terminated a potential acquisition deal previously announced in July 2022. Its co-founder Antoni Trenchev stated that Nexo was in 60 days of due diligence (DD) with Vauld....
Crypto Lender Nexo’s Potential Acquisition of Rival Vauld Is Called Off
Crypto lender Nexo’s potential acquisition of rival Vauld was canceled some five months after the two signed an initial agreement to explore the transaction and less than a month before the Singapore-...
Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a 97% acquisition of the...
Binance becomes final destination of Voyager with potential $1.2B acquisition
Binance recently emerged as the winner of a bid to acquire Voyager. BNB seemed to have reacted positively to the news after days of a downtrend. The recent high volatility seen by Binance [BNB] was no...
Crypto Companies Seek Partnership And Acquisition Strategies For Business Development ⋆ ZyCrypto
Advertisement     According to a November 30, 2022 news announcement on its website, Poloniex has entered into a strategic partnership with Huobi that involves working...
Gleec BTC Exchange Announce Acquisition of Blocktane
Advertisement     As Brazil prepares to adopt a crypto payments regulatory framework, Gleec BTC Exchange is taking advantage of the change in sentiment with the acquis...