Sports merchandising giant Fanatics has divested its majority stake in NFT firm Candy Digital, according to a company memo obtained by Decrypt. Fanatics CEO Michael Rubin informed employees of the mov...
Tag: Digital
Crypto winter unrivaled as Digital Currency Group forced to shut down HQ
HQ Digital has ceased its operations due to the ongoing crypto winter. The firm was the wealth management division of the Digital Currency Group. The after-effects of 2022’s crypto winter seem to ha...
Fanatics Selling Its 60% Stake in Sports NFT Firm Candy Digital: Report
But Fanatics’ CEO Michael Rubin wrote in the internal email that “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or add...
Digital Currency Group closes wealth management branch
Digital Currency Group, founded by Barry Silbert, is winding down its wealth management department. The news comes as its subsidiary, Genesis, is laying off staff. DCG, the parent company of the probl...
Digital Currency Group (DCG) Shuts Downs Wealth Division Unit
Genesis has been experiencing significant liquidity difficulty since the FTX crash. Co-founder of Gemini recently addressed an open letter to DCG CEO. Digital Currency Group (DCG), Genesis Global’s pa...
Silvergate Ditches Its $196 Million Digital Currency Plan
In February of last year, Silvergate officially announced the purchase of Diem Group, a Facebook-affiliated company along with its intellectual property & other technological assets necessary to o...
Genesis owner Digital Currency Group shuts down wealth management subsidiary
Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operatio...
The Block: Digital Currency Group to shutter wealth management unit: The Information
Barry Silbert’s Digital Currency Group is shuttering HQ Digital, a subsidiary focused on wealth management that it launched last year. DCG, parent of troubled crypto broker and lender Genesis Tr...
The Inflow of Digital Asset Investment Products in 2022: Report
According to CoinShares report, “Bitcoin prices fell by 63%, digital assets saw inflows totalling US$433 Million for 2022.” 1. While #Bitcoin prices fell by 63%, digital assets saw inflows totalling U...
Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market – Bitcoin News
Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling it...
Fanatic sells 60% stake in Candy Digital amid ‘imploding NFT market’
Sports merchandise firm Fanatics is divesting its stake in nonfungible token (NFT) company Candy Digital as confidence in the asset class wanes. On Jan. 4, it was reported that Michael Rubin’s sports ...
SEC files objection to Binance.US’s plans to acquire Voyager Digital
The United States Securities and Exchange Commission (SEC) has filed a “limited objection” to crypto exchange Binance.US’s proposed $1 billion takeover of bankrupt crypto lender Voyager Digital, citin...
Leading Digital Collectible Platform Candy Digital Announces Series A1 Fundraise
Investment Fuels Company’s Mission to Offer Digital Asset Services to Institutions and Brands Globally and Accelerates web3 Functionality Investors include Galaxy, ConsenSys Mesh, ConsenSys and 10T Ho...
Digital Music Securities to Use Intertrust Web 3.0 Technology to Revolutionize the Music Rights Market
Leveraging Intertrust’s Token Rights Management technology, Digital Music Securities creates new revenue streams for music artists and fans worldwide TOKYO & SAN FRANCISCO–(BUSINESS WIRE)–#tech—In...
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...
Fanatics to sell Candy Digital stake to Galaxy amid slumping NFT market: CNBC
Fanatics is selling its majority stake in NFT shop Candy Digital, according to CNBC. The sports merchandising company owned by Michael Rubin is seeking to divest its 60% stake in Candy Digital, ...
SEC objects to Binance.US’s $1b deal to buy Voyager Digital
The Securities and Exchange Commission (SEC) questioned Binance’s capacity to carry out the proposed $1 billion acquisition of Voyager Digital and the viability of its post-acquisition plans. Accordi...
How laws for digital assets changed in 2022
Effective regulations are one of the key gateways to cryptocurrency’s mainstream adoption. Due to greater compliance, crypto businesses saw broader acceptance from regulators worldwide. While the cryp...
SLB’s New Name Comes At An Inflection Point For Digital And Decarbonization
SLB Company Logo SLB For any company, a change in name presents a risk of brand recognition loss, at least in the short term. That would seem to be especially true for a company that has operated unde...
Digital Yuan Pilot on Course Despite Claims of Low Usage
The People’s Bank of China assured the public that the digital yuan (renminbi) pilot is running steadily. The CBDC is currently expanding its pilot areas and undergoing more developments. The People’s...
UK National Crime Agency hits back at digital gangsters
The National Crime Agency (NCA), the UK’s national agency for combating digital organized crime, has announced plans to create a specialized team dedicated to dealing with cryptocurrency and virtual a...
Sports company Fanatics to sell stake in NFT firm Candy Digital
The sports collectible company Fanatics is divesting its stake in the NFT firm Candy Digital, according to reports from CNBC on Jan. 4. Candy Digital was founded in 2021 and has produced collections o...
SEC Declined Binance U.S Bid to Acquire Voyager Digital
25 mins ago | 2 mins read Exchange News SEC issued a limited objection to Binance U.S. Voyager stated the Binance bid was the highest and best bid for its assets. The world’s largest cryptocurrency ex...
Virtualness inks an exclusive multi-year Web3 deal to PBA’s digital collectibles
Virtualness has just signed an excellent deal with the Philippine Basketball Association (PBA). This happens to be a multi-year Web3 deal. Besides other factors, the prime aim and intention of this co...
Hackers steal $3.5M worth of digital assets from GMX whale
Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX’s native token. On Jan. 3, various...
Western Digital, Kioxia Revive Merger Talks With Flash Memory Demand Sinking
(Bloomberg) — Western Digital Corp. has restarted talks with Japan’s Kioxia Holdings Corp. in a deal that could unite two technology storage providers, according to people familiar with the matt...
Fanatics is divesting its 60% stake in NFT company Candy Digital
Michael Rubin’s sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC. Fanatics, who previously held the major...
Stronghold Digital Mining Swaps Debt for Preferred Stock
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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...