Tag: Firm

Robinhood to Acquire Canadian Crypto Firm WonderFi

Key Notes Robinhood to acquire Canada’s WonderFi for $250 million in an all-cash deal. WonderFi runs two regulated Canadian crypto platforms and will provide good gateway for Robinhood. The deal is expected to close in H2 2025, pending regulatory approval. Robinhood Markets Inc (NASDAQ: HOOD) has confirmed plans to acquire WonderFi Technologies Inc, a Canadian crypto company. WonderFi operates two of the country’s established and regulated crypto platforms. This acquisition marks Robinhood’s entry into the Canadian crypto market. It is also part of the company’s broader effort to expand its…

David Bailey, KindlyMB Merge to Launch Bitcoin Treasury Firm

Key Notes KindlyMD has agreed to a merger with David Bailey’s Nakamoto Holdings. The new entity has seen a total of $710 million raised to back Bitcoin-focused financial products. The merger reflects the role of Bitcoin as a strategic financial product. Healthcare data company KindlyMD has announced a major merger with Nakamoto Holdings. The transaction brought in over $710 million in new funding and positioned the combined firm to pilot a Bitcoin treasury management. Merger Aims to Put Bitcoin at the Core of Global Finance According to the announcement, KindlyMD,…

Online Trading Firm iFOREX Eyes IPO on London Stock Exchange

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Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs. Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with…

XRP Gets a $50M Treasury, Payments Boost From This U.S. Healthcare Firm

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Trump crypto adviser David Bailey raises $300M for Bitcoin investment firm

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David Bailey, CEO of crypto media company BTC Inc. and a close adviser to US President Donald Trump on digital assets, has reportedly raised $300 million to launch a new Bitcoin investment firm. The venture, named Nakamoto after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, aims to become a publicly traded company focused on acquiring and holding the cryptocurrency, CNBC reported, citing people familiar with the matter. The Information was first to cover the story. The funding round, which has been quietly in motion since January, includes $200 million in equity…

Bitcoin adoption ‘still in early stages’ as firm expands holdings

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KULR Technology Group has deepened its Bitcoin commitment, purchasing 42 additional BTC and bringing its total holdings to 716.2 BTC, the company announced.  The energy storage and management firm said it has spent approximately $69 million acquiring Bitcoin (BTC) at an average price of $96,342 per BTC. The latest investment follows KULR’s December 2024 announcement that it would allocate up to 90% of its surplus cash to Bitcoin.  At the time, the company held around $12 million in cash reserves and cited financial resilience and global Bitcoin adoption as core…

New crypto bill draft seen to curb big crypto firm influence

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The new “Digital Asset Market Structure Discussion Draft” introduced by House Republicans on May 5 could work to reduce the dominance of large crypto firms and promote more participation in the broader market, according to an executive from Paradigm.  The discussion draft, led by the House agricultural and financial services committee chairs Glenn Thompson and French Hill, is an “incremental, albeit meaningful, rewrite” of the Financial Innovation and Technology for the 21st Century Act (FIT21), Paradigm’s vice president of regulatory affairs Justin Slaughter said in a May 5 X post.…

Bitcoin Holds Above $95K Despite Weak Blockchain Activity — Analytics Firm Explains Why

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Historically, the Bitcoin price is an indicator of the blockchain’s health, with high activity often correlating with strong and positive price action. However, the largest cryptocurrency market seems to have witnessed a significant shift, with prices now less responsive to changes in on-chain activity. For instance, the Bitcoin price continues to hold above $95,000 and looks set to reclaim the $100,000 level despite the sustained dip in blockchain activity. An on-chain analytics firm has weighed in on…

Crypto VC Firm Dao5 Closes $222M Fund to Focus on Institutional Adoption Projects

Tekin Salimi, founder of Dao5, reported that the VC company’s second fund was concentrated in 15 limited partners, including family offices and notable individuals. He assessed that the previous fund’s success influenced the level of participation in this one. Crypto Firm Dao5 Swims Against the Current: Closes $222M Fund Even with the reported problems that […] Source CryptoX Portal