Cryptocurrency Analysis and News Portal
“With up to $15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system,” Aries Chairman Thane Ritchie said in the statement. “InfiniteWorld’s unparalleled technology infrastructure underscores the transition of commerce to
Read More
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of
Read More
After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE) after merging with the company
Read More
Bitdeer Technologies Holding Company, a Singapore-based Bitcoin (BTC) mining corporation, has announced that it has entered into a definitive merger agreement with Blue Safari Group Acquisition Corp. for a business combination of Blue Safari and the miner. According to the announcement, the two firms are expected to merge and be
Read More
Bitdeer Technologies, which operates five cryptocurrency mining data centers in the U.S. and Norway, announced its merger with special purpose acquisition company (SPAC) Blue Safari Group Acquisition Corp, on Thursday.The deal values Bitdeer at an implied enterprise value of approximately $4 billion and was unanimously approved by the boards of
Read More
“There are numerous reasons why TradeStation is, in our judgment, the most attractive company we looked at in the fintech/financial services sector, and we looked at quite a few,” said John Schaible, chairman and CEO of Quantum FinTech, in a press release. “TradeStation owns its core trading platform technology, and
Read More
Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant’s business associate Rich Kleiman.Durant, who was an early Coinbase backer, isn’t done exploring the sector yet. His new
Read More
According to the filing, the blockchain firm intends to seek out companies with “significant competitive advantages and/or underexploited expansion opportunities.” The expansion can be accomplished through a “combination of accelerating organic growth and finding attractive add-on acquisition targets,” the company notes. Source
Read More
Cryptocurrency exchange Bakkt, which is majority-owned by Intercontinental Exchange (ICE), was trading down 2.4% in its first day of trading after completing a SPAC transaction with VPC Impact Acquisition Holdings.Bakkt, based in Alpharetta, Georgia and founded in 2018, began trading Monday under the ticker symbol “BKKT” on the New York
Read More
Bakkt Holdings and VPC Impact Acquisition Holdings (VIH) have received approval from the U.S. Securities and Exchange Commission to complete their merger and push forward with plans to operate as a single publicly traded entity, the companies said in an announcement Friday. Source
Read More