Circle has acquired payment services firm Elements as it looks to scale its own offerings. Jeremy Allaire’s firm hopes to lower the barrier to entry for merchants looking to access the next gene...
Tag: Mergers & Acquisitions
Coinsquare set to acquire CoinSmart, merging the two trading platforms
Coinsmart and CoinSquare, two Canadian crypto trading platforms, are set to merge following an acquisition by Coinquare. The planned acquisition and integration will see Coinsquare manage over CAD$350...
Musk’s $44 billion buyout of Twitter accepted by shareholders ahead of trial
Twitter Inc, shareholders voted to approve a proposed $44 billion buyout of the company by billionaire Elon Musk, Bloomberg reported. A preliminary vote held Tuesday saw a majority of shareholders sup...
FTX has no plans to buy crypto exchange Huobi, says CEO Bankman-Fried
FTX is not planning to acquire crypto exchange Huobi, the company’s founder and CEO Sam Bankman-Fried said on Twitter. Bankman-Fried’s comment follows a recent Bloomberg article naming FTX...
FTX generated more than a billion dollars in revenue last year: CNBC
Crypto exchange FTX generated more than $1 billion in 2021 revenue after making only $90 million the year before, according to a new report from CNBC. The growth was driven by its global trading busin...
eToro to acquire fintech trading Gatsby in US expansion plan
eToro, an online brokering service, is acquiring options trading platform Gatsby as part of the firm’s expansion plan to draw in younger, US-based investors. The deal is valued at $50 million, ...
Analysis of Galaxy Digital’s $1.2bn Acquisition of BitGo
August 16, 2022, 1:23PM EDT • 3 min read Quick Take This is part of The Block Research’s Market Commentary series Galaxy Digital’s $1.2bn acquisition of BitGo has been called off with Galaxy Digital c...
BitGo says it will seek over $100 million after Galaxy moves to end acquisition
BitGo has hit back against Galaxy Digital, which announced earlier Monday the termination of its plan to acquire the crypto custody firm. In a statement shared with The Block, BitGo said it “int...
Galaxy Digital terminates its acquisition of BitGo
Galaxy Digital announced on Monday morning that it had terminated its long-awaited acquisition of crypto custodian BitGo. It said in a release that it had made the decision following BitGo’s &#...
Galaxy Digital eyeing more M&A despite $554 million loss
Galaxy Digital is looking at acquisitions to add new areas to its core businesses. Founder and CEO Michael Novogratz noted the firm has $1 billion in cash to spend and that it continues to raise capit...
Binance CEO says firm never bought WazirX. Its founder disagrees.
Binance co-founder and CEO Changpeng Zhao said the company never completed an announced acquisition of WazirX, and that company’s founder hit back saying Binance does own WazirZ. Earlier today,...
Messari acquires crypto fundraising intelligence database Dove Metrics
Messari, the crypto information and data services firm, has acquired crypto fundraising intelligence database Dove Metrics of Blackrose Capital, the company announced in a statement on Tuesday. Furth...
B2B blockchain payments firm Paystand buys Mexico’s Yaydoo: Axios
Paystand, a US blockchain-enabled B2B payments firm, bought Mexican accounts payable startup Yaydoo, Axios reported. No deal terms were disclosed. The companies did not immediately return requests for...
Europe dominates blockchain venture deals in Q2 as growth drops in Asia and the US
With venture funding for blockchain startups declining globally, crypto startup founders struggling to source funding might want to instead head to Europe, a region that’s bucking the trend. Glo...
Crypto market downturn could lead to new M&A opportunities, according to Galaxy’s top deal maker
The market downturn might actually be a good thing for deal-making in crypto, according to Galaxy Digital’s top advisory executive. “Overall, there is a lot more receptivity to the idea o...
Commentary on Robinhood’s Q2’22 Earnings
August 4, 2022, 11:45AM EDT • 6 min read Quick Take Vlad Tenev, Robinhood Co-founder & CEO, affirms no desire to sell the business Announced ~23% headcount reduction amidst declining share price a...