Tag: Planned

Kraken Boosts European Presence with Planned BCM Acquisition

In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a Netherlands-based digital asset broker. The planned acquisition follows the recent implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which governs the operations of crypto exchanges in the region, including […] In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a Netherlands-based digital asset broker. The planned acquisition follows the recent implementation…

Astera Labs Appoints Morgan Stanley and JPMorgan as Lead Underwriters for Its Planned IPO Expected in 2024

Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion. Santa Clara, California-based semiconductor connectivity solutions firm, Astera Labs Inc has appointed Morgan Stanley (NYSE: MS), and JPMorgan Chase & Co (NYSE: JPM) as the lead underwriters for its highly anticipated initial public offering (IPO). According to people familiar with the matter, the Astera Labs IPO is expected to take place sometime next year as the timing has not yet been finalized. The young tech company has recorded…

Will The Planned Token Unlock Bring Back The Energy?

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Avalanche (AVAX)  is gearing up for a significant unlock event that has sparked speculation among investors. The past month has witnessed a prevailing bearish sentiment, with volume indicators suggesting that the buying pressure might not be robust enough to counter the crypto’s prevailing losses.  Despite this recent decline, all eyes are on the impending unlock event, pondering the potential impact it might have on AVAX’s price trajectory. Scheduled to occur later this week, the unlock event is based on data sourced from Token Unlocks. This data indicates that an impressive…

Fantom DEX rescued at eleventh hour following planned shutdown

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SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is also based on Fantom. In consideration, Power will deploy 200,000 USD Coin (USDC) into the SpiritSwap treasury. “Initially, I had requested a deposit of 20-30K to the treasury to cover the essential costs of SpiritSwap. However, the Power team…

Prime Trust, Which BitGo Had Planned to Buy, Looks Poised for Potentially Massive Layoffs, Sources Say

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UK FCA’s Planned Crypto Incentives Ban Could Force Firms Out of Country, Lobbyists Say

CryptoX – Cryptocurrency Analysis and News Portal “Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter,” an FCA spokesperson said in an email to CryptoX. “These rules are designed to be proportionate, evidence-based and strike the right balance between protecting people and enabling sustainable innovation in the sector.” Source The post UK FCA’s Planned Crypto Incentives Ban Could Force Firms Out…

UK FCA’s Planned Crypto Incentives Ban Could Force Firms Out of Country, Lobbyists Say

“Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter,” an FCA spokesperson said in an email to CoinDesk. “These rules are designed to be proportionate, evidence-based and strike the right balance between protecting people and enabling sustainable innovation in the sector.” Source

Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing

Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now-defunct cryptocurrency exchange. According to a July 20 filing with the United States Bankruptcy Court for the District of Delaware, Gabriel planned to purchase the island nation of Nauru in the Pacific using allegedly misappropriated funds through the FTX Foundation. Projects with the charity “that served little purpose other than to enhance the public stature of Defendants,” according to court documents, included a $300,000 book grant on “humans’…