Tag: Firm

Foreign Exchange Service Firm Midpoint Completes Acquisition of Blockchain World

UK-based Midpoint Holdings Ltd, an international payments and peer-to-peer foreign exchange service company, announced that it had completed the acquisition of Blockchain World Ltd (“BWL”). The acquisition was started on December 14, 2021, and Domenic Carosa- founded Blockchain World, is a B2C (“business-to-consumer”) blockchain company. As part of the acquisition, Domenic Carosa will also join Midpoint’s board of directors as a non-executive director. As part of the acquisition agreement, Midpoint has issued 10,000,000 shares of common stock (“Consideration Shares”) to existing shareholders of BWL (collectively, the “Sellers”). However, resale on the secondary market is not…

SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post appears to have found one in selling Non Fungible Tokens (NFTs) of its front pages from historical events, and has such confidence in the business that its spinning it off into its own division called Artifact Labs. Source

Binance Explores Acquisition of Brazilian Securities Brokerage Firm – Bitcoin News

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Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its customers, including various funds and stocks, and is said to be completely compliant with Brazilian laws. Binance Inks Memorandum of Understanding With Sim;paul Investimentos Binance is setting its sights on Latam, specifically Brazil, as the company is making…

Blockchain Forensics Firm Uncovers 15 Million Crypto Addresses Tied To Sanctioned Russians

A crypto forensics firm announced the discovery of information on a digital wallet believed to be associated with Russian oligarchs and sanctioned officials. Tom Robinson, co-founder of Elliptic, disclosed Monday that the wallet has large digital asset holdings worth millions of dollars. The blockchain security firm has been collaborating with law enforcement to expose cryptocurrency wallets associated with sanctioned individuals or corporate entities. Related Article | Mexican Drug Cartels Sneak In $25 Billion A Year Using Bitcoin To Fund Operations Illicit Crypto Wallet Elliptic has discovered more than 15 million digital wallet…

Blockchain forensics firm finds millions in sanctioned crypto wallet

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Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations. The United Kingdom-based company has discovered a wallet with “significant crypto-asset holdings” in the millions of dollars that may be linked to sanctioned Russian officials and oligarchs.  Speaking to Bloomberg on March 14, Elliptic co-founder Tom Robinson said that crypto could be used for sanctions evasion. However, it has been widely reported and generally accepted now that Russia is very unlikely to pivot to crypto assets to circumvent them.…

Crypto quant firm Gauntlet valued at $1B following Series B

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Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds. The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm and Polychain Capital, Bloomberg reported Monday. Gauntlet said the funding will be used to hire additional workers and expand into new industry verticals, including gaming. Gauntlet was founded in 2018 by Tarun Chitra, a Wall Street executive who previously worked at multinational hedge fund D. E. Shaw.…

Softbank’s Internet Firm Z Holdings Plans to Launch NFT Mall in 180 Countries – Bitcoin News

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Z Holdings, the internet subsidiary of the Japanese conglomerate holding company Softbank, is planning to launch a global non-fungible token (NFT) marketplace this spring. Z Holdings’ “NFT Mall” aims to target 180 countries and leverage the firm’s Paypay service in order to attract Web3, metaverse, and NFT patrons. Z Holdings Doesn’t Want to ‘Miss out on Huge Growth Opportunity’ Softbank’s internet firm Z Holdings plans to launch an NFT marketplace called “NFT Mall,” according to a Bloomberg interview with the company’s co-CEO Kentaro Kawabe. The firm’s parent company merged Line…

Romanian central bank approves blockchain firm Elrond to buy Twispay

The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform. Elrond, a blockchain firm focused on distributed applications, received approval to purchase the electronic money institution Capital Financial Services, which acts under the brand Twispay, according to an announcement released on Thursday. Twispay provides an international payment solution supporting multiple fiat currencies and integrating various payment methods. The firm is a principal member of Visa and Mastercard, meaning that it directly participates in issuing cards and…

Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas – Mining Bitcoin News

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On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of mining capacity to Compute North’s renewable energy facilities in Texas. Hive to Purchase ASIC Chips From Intel, Aims to Deploy 100 MW in Texas The blockchain company and mining operation Hive (TSX.V: HIVE) (Nasdaq: HIVE)…