OpenSea, ConsenSys among prized crypto startups with shares available at big discounts

As the crypto industry suffers, decacorns can be yours at mere unicorn prices. Shares in numerous private crypto startups are currently being offered at sizable discounts on Birel.io, a platform...

Bitcoin miners Hut 8 and US Bitcoin merge to form new US-based entity

Bitcoin miners Hut 8 and US Bitcoin (USBTC) are merging to form a new company called Hut 8 Corp, which will be based in the United States. Hut will have a total self-mining capacity of 5.6 EH/s,...

NFT floor tracker Floor acquires web3 analytics firm WGMI

NFT price tracker Floor said it acquired NFT analytics firm WGMI.io. Terms were not disclosed. Floor is currently invite-only and describes itself as an app “for everything NFTs.” WG...

CoinDesk explores full or partial sale to attract growth capital, CEO says

Crypto media outlet CoinDesk may pursue a full or partial sale to fuel future growth, CoinDesk confirmed to The Block. CoinDesk is seeking advisory services from Lazard, a firm specializing in m...

TaxBit acquires rival crypto accounting platform Tactic

TaxBit, a crypto tax and accounting software provider, has acquired rival Tactic to expand its offerings. The acquisition, TaxBit’s first, will help expand its existing corporate accountin...

FTX gets judge’s approval to start selling LedgerX and other units

Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...

FTX businesses including LedgerX draw interest from over 100 potential buyers

Roughly 117 parties are interested in buying entities of the FTX, according to a new legal filing in the troubled crypto exchange’s bankruptcy case.  The crypto giant filed for bankruptcy protec...

Nexo says Vauld CEO doesn’t have ‘best interest’ of creditors in mind 

A dramatic tussle between rival crypto lenders Vauld and Nexo escalated on Thursday, with the two companies throwing barbs over a proposed acquisition. Shortly after The Block reported that Vaul...

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...

Three crypto stories you might have missed this week

Even in the no man’s land between Christmas and New Year, there’s news to be had in crypto.  Here are three stories you might have missed while tucking into festive leftovers or tryi...

Binance.US deal with Voyager may fall under federal committee review

An agreement between Binance.US and bankrupt crypto lender Voyager Digital may be subject to review by the Committee on Foreign Investment in the United States (CFIUS), court filings showed. The...

Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC

Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...

Argo Blockchain to sell Helios mining facility to Galaxy Digital

Bitcoin miner Argo Blockchain agreed to sell its Helios mining facility to Galaxy Digital for $65 million.  The company has been trying to avoid bankruptcy as it struggles with cash flow issues ...

Nexo terminates potential deal with troubled crypto lender Vauld

Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions. The potential deal has fallen through after six long months of di...

Crypto exchange Bullish’s ambitions for public listing stumble as SPAC deal times out

Bullish has ended a SPAC deal that would have brought the block.one-founded crypto exchange onto the New York Stock Exchange. Cayman Islands-registered Bullish and Far Peak, the acquisition vehi...

Celsius Chapter 11 Update and Galaxy’s Acquisition of GK8

December 7, 2022, 10:16AM EST • 3 min read Quick Take Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm  Required escrow deposit of ~$5.4mm from November 3, 2022 agreement Celsius KERP a...

LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg

Crypto derivatives exchange and clearinghouse LedgerX is for sale, with Blockchain.com and Gemini among those interested in acquiring the firm, Bloomberg reported late Friday. LedgerX is regulat...

Elon Musk criticizes Semafor report of Bankman-Fried’s Twitter shares

A spat between Elon Musk and a Sam Bankman-Fried-funded global news organization unfolded over Twitter as Musk branded Semafor’s reporting as lies. “As I said, neither I nor Twitter have taken a...

Binance will not invest in crypto lender Genesis: WSJ

After crypto lending firm Genesis suspended client redemptions and indicated it would seek a $1 billion emergency cash loan, major potential backer Binance said no to the investment, the Wall Street J...

Troubled crypto lender Vauld has $10 million stuck on FTX: Source

Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...

Nexo had offered BlockFi an $850 million deal to potentially acquire it

Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...

Cathie Wood buys Coinbase dip, crypto stocks rise

Crypto-related stocks rose, far outpacing the broader crypto market and slightly outpacing the S&P 500, following positive inflation data in the U.S and news that Ark Invest bought the Coinbase di...

Justin Sun says he is working on “solution” with FTX

Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...

Bettors doubting big time that Binance, FTX deal will close, prediction platform shows

A blockchain-based predictions market is showing increasing skepticism that Binance will complete its non-binding deal to acquire the non-U.S. assets of rival exchange FTX as due diligence gets underw...

Binance CEO says he didn’t ‘master plan’ FTX’s collapse

One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...

Bankman-Fried apologizes to FTX investors for lack of communication over Binance deal

FTX CEO Sam Bankman-Fried appeared to apologize to investors over a lack of communication about its financial deal with Binance in a letter to investors cited by numerous sources on Twitter. Det...

How an FTX buyout benefits Binance

What does Binance’s possible acquisition of FTX.com mean for the greater industry? For institutional clients, possibly avoiding a lengthy onboarding process. And for Binance, it could mean acces...

Audius aims to provide virtual concerts via SoundStage.fm acquisition

Audius, a decentralized music firm with Katy Perry, The Chainsmokers and other music giants as investors, has acquired the virtual music experience platform SoundStage.  Audius intends to bolster its ...

Huobi will be acquired by Hong Kong-based About Capital Management

Huobi will sell a majority stake to Hong Kong-based investment company About Capital Management, Huobi announced in a blog post. As the change in ownership occurs, there will be no impact on the excha...

Bitcoin miner Iris Energy considering mergers and acquisitions after fresh capital raise

Bitcoin miner Iris Energy considering possible mergers and acquisitions opportunities as the firm plots its growth plans. Those also include other options such as “ongoing organic expansion,R...

Musk renews bid for Twitter as he looks to avoid trial

Elon Musk wants to move forward with the acquisition of Twitter, documents filed Tuesday with the U.S. Securities and Exchange Commission (SEC) confirmed after earlier reports surfaced that the deal w...

Elon Musk renews bid to purchase Twitter: Reports

Billionaire Elon Musk renewed a bid to purchase the social media platform, Twitter, at $54.20 per share, an unidentified source revealed in a report by Bloomberg. In the latest turn in the Twitter own...