Cryptocurrency Analysis and News Portal
On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal. Launched in 2019, Apex Crypto is an integrated trading
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China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French
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On March 29, multichain wallet BitKeep announced that it had fully compensated users affected by the 7.2.9. Android Package Kit (APK) exploit that took place on Dec. 26, 2022. On the day of the incident, the 7.2.9. APK update for BitKeep was maliciously swapped by hackers, resulting in an estimated
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Iran is moving forward with its central bank digital currency (CBDC) plans, completing preliminary research for the launch of a potential digital rial.The Central Bank of Iran (CBI) has completed a pre-pilot phase in the development of Iran’s CBDC, according to an official statement by CBI’s research arm, the Monetary
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Following the GK8 acquisition, Galaxy Digital plans to integrate the service with its GalaxyOne prime brokerage platform. According to reports, Galaxy Digital has completed the $44 million acquisition of GK8, an institutional self-custody platform. The GK8 acquisition comes more than two months after Galaxy Digital secured the rights to buy the then-Celsius
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According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof of concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per its report, asset managers were able to create a
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Called Project DAMA, the collaboration between Deutsche Bank and Memento Blockchain aims to address the challenges associated with launching and accessing digital asset funds. Source
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The SBC was sold "with a discount to the market price because this was the first transaction of its kind. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for approximately $1,150, which is roughly a 5% revenue add to a miner’s bottom line," if
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The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders' equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25 million in cash and stock. It hadn't responded to
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As the largest DEX platform on the Ethereum blockchain, Uniswap commands as much as $2.36 billion in the total value of assets in the Dapp’s smart contracts, allowing users anywhere in the world to trade crypto without an intermediary. Members of the Uniswap community have voted in favor of deploying the
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