Tag: Parent

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down – Bitcoin News

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2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position, and reducing its operative expenses. 2TM Group Lays off 90 Employees Several companies at a worldwide level and also in Latam are preparing for the negative changes that several analysts have predicted will happen in the market. 2TM…

Coinbase Set to Close Deal to Acquire 2TM, Parent Company of Latam’s Biggest Exchange, Mercado Bitcoin – Bitcoin News

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Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase expand its operations to Brazil. Coinbase Targets Expansion With 2TM Acquisition Coinbase, one of the first cryptocurrency exchanges traded on traditional stock markets, is aiming to expand its operations to Latam through purchases.…

Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China

On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry. Since establishing the joint venture last February, Geely Holding has created a Digital Technology Sector, or DTS, subsidiary to invest in cutting-edge technologies, including blockchain. Moreover, the two entities plan to offer businesses and customers access to new blockchain platform-based business…

LABEL Foundation’s Parent Company Clesson Receives $2 Million in Equity Funding To Lead Web 3.0 Content Industry

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Clesson, the operating company of blockchain-based NFT and copyright fee-sharing platform LABEL Foundation, has raised $2 million in equity to further its Web3 mission. It was part of a strategic investment round from eBest Investments and Groom Investment. These two firms have poured money into the leading MOOC and music NFT platform to push it to the forefront of the content industry in the Web3 era. As Web3 has continued to grow and evolve, so, too, do the platforms that exist in this space. With the funding, LABEL Foundation will…

PUBG Developer Parent Company Krafton to Work On NFT and Metaverse Related Projects – Metaverse Bitcoin News

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Krafton, the parent company of Bluehole, developers of PUBG, a popular battle royale game that has earned more than $300 million in 2021, announced it will redirect some of its activities toward developing NFT and metaverse-related projects. The company says it has acquired equity in two companies, Seoul Auction Blue and Xbyblue, that will enable Krafton to offer non-fungible tokens (NFTs) related to its intellectual property (IP). The company also partnered with Naver Z for this same purpose. Krafton Goes NFT Krafton, the parent company of Bluehole, developer…

Google’s Parent Company May Utilize Blockchain to Revamp its Existing Products

Alphabet Inc, the parent company of search engine giant Google, is not ready to play the second fiddle when it comes to blockchain technology, marked by the company’s in-depth research into the emerging tech. According to the company’s Chief Executive Officer, Sundar Pichai, the company is doing all it can and planning to contribute to Web3.0 as it has always done for the open source technologies it has benefitted in. Web3.0 is considered by many as the decentralized web, which will return data control back into the hands of the…

Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

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Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country.  WonderFi agreed to pay close to 206 million Canadian dollars ($162 million) to acquire First Ledger Corp., the parent company of BitBuy. WonderFi aims to become an end-to-end consumer platform for crypto and DeFi, according to the official announcement. Founded in 2016, Bitbuy became a fully-regulated crypto exchange in Canada after being licensed by the Ontario Securities Commission last November. The platform has over 375,000 users…

OmiseGO’s Parent Company Changes Name to SYNQA

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Asian fintech company Omise Holdings, now goes by the name SYNQA.  “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said.  OmiseGo conducted its ICO in 2017 Omise, under Omise Holdings, garnered significant funds for its OmiseGo payment solution during the great crypto boom several years back. The company’s ICO ran during the summer of 2017, raising roughly $25 million from selling Ethereum-based…