Thursday, March 28, 2024
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GMO Financial Holdings Buy 10% of Crypto Hedge Fund AWR Capital for Undisclosed Amount

AWR, which is based in London, will become a market maker at one of Japan's largest FX and digital assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings, AWR said. Market makers are entities tasked with providing liquidity on an exchange by creating buy and sell orders. Source

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Texas Bitcoin Mine Whinstone Countersues Japan’s GMO Internet, Seeks $15M Damages in Four-Year Dispute

Talks to resolve a dispute over losses GMO suffered due to a "power shortage" were paused when Riot acquired the facility, according to GMO. Given the decrease in hosting fees, it looked like the Japanese company was asking for $3 million for the power shortage losses, until April this year,

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