Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger
Will Inverse set a precedent for protocols acquiring protocols? Go to Source Powered by WPeMatico
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Cryptocurrency and Stock Trading Platform Etoro Aims to Go Public Through a $10.4 Billion SPAC Deal
The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose … Read more
‘Better as friends’: DeFi protocols Yearn and Cover announce cessation of merger
The relationship is “c-over” between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Go to Source Powered by WPeMatico
Bitfury’s US Bitcoin mining subsidiary to go public via $2B SPAC merger
Bitcoin mining firms, even the newly-established ones, seem to be increasingly pursuing public listings. Go to Source Powered by WPeMatico
Free TON and Dune Network to Merge Following Successful Vote, Free TON Gains Top Researchers
Free TON is a community driven blockchain network with a focus on decentralized governance based on the open-source TON project which was previously developed by Telegram. Dune Network is a platform for distributed applications over a blockchain, focused on safety and security. The two groups will now begin to merge following a successful vote for … Read more
Crypto Futures Exchange Bakkt Going Public at a Valuation of $2.1 Billion
Bitcoin futures exchange Bakkt is going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) created for taking startup firms public. Both companies have now confirmed the transaction, and will be listed on the New York Stock Exchange (NYSE) under a new name – Bakkt Holdings Inc., – sometime … Read more
Top crypto mergers and acquisitions of 2020
Amid the chaos that was 2020, crypto companies inked almost $700 million worth of mergers and acquisitions. Go to Source Powered by WPeMatico
Yearn Finance continues acquisition spree with Cover
“That’s how shit gets done here,” says one team member Go to Source Powered by WPeMatico
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job … Read more
Crypto Bear Market Triggers Rise in M&A Activity
In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups. Also Read: Global Cryptocurrency M&As Rise M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and … Read more