Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre

Payments Firm Bolt Scraps Deal to Acquire Crypto Company WyreCalifornia-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt Financial, a U.S. technology company headquartered […]

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Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors

Singapore High Court Grants Crypto Lender Vauld Temporary Protection From CreditorsSingapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the […]

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Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto RulesThe company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, […]

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Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

Crypto Lender Nexo Moves With Plan to Acquire Troubled Rival VauldLeading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other […]

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Huobi Global Acquires Latin American Crypto Exchange Bitex

Huobi Global Acquires Latin American Crypto Exchange BitexThe digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide. Huobi […]

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Bolt Acquires Wyre for $1.5 Billion, Firm Aims to ‘Decentralize Commerce’

Bolt Acquires Wyre for $1.5 Billion, Firm Aims to 'Decentralize Commerce'On Thursday, the payments and checkout and shopper network, Bolt has announced the firm plans to acquire the digital currency provider Wyre in a $1.5 billion deal. Bolt has explained the acquisition is aimed at bolstering cryptocurrency services and “the opportunity of Web3.” Payments and Checkout Firm Bolt Acquires Wyre The e-commerce platform Bolt has […]

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