A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021.
FTX Signage and Advertising to Be Read More
Gemini ended the master loan agreement (MLA) between its customers and Genesis, Gemini told customers of its Gemini Earn in an email on Tuesday. "This officially terminates the Earn Program and requires Genesis to return all assets outstanding in the program," according to Gemini's email. "Existing redemption requests are not Read More
Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld.Nexo has ended discussions with rival crypto lender Vauld regarding a potential acquisition deal. According to new reports, Nexo opted out of potentially acquiring the troubled crypto lender after six months of dialogue. Both parties had Read More
Amber Group has halted its sponsorship deal with Chelsea and is looking to downsize its workforce as the crypto winter bites hard.Amber Group has reportedly terminated its $25 million sponsorship deal with Premier League football club Chelsea FC. The Singapore-based crypto trading firm views the severance of this business relationship with Read More
Circle, the issuer of USD Coin (USDC), announced the mutual termination of its proposed merger with the special purpose acquisition company (SPAC) Concord Acquisition on Dec. 5. The deal was announced in July 2021 with a preliminary valuation of $4.5 billion and was then amended in February 2022 when Circle’s Read More
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.”
Visa Ends Agreements With FTX
Visa Inc., the world’s leading payments processor, reportedly said Sunday that it Read More
Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX's recent insolvency and bankruptcy issues. FTX’s liquidity issues were triggered last week when Binance CEO Changpeng “CZ” Zhao announced Read More
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter's shares. Second, from Oct. 3 onwards, Genesis will no longer be Read More
Bitcoin mining company PrimeBlock has terminated its plans for a public listing via a merger with special purpose acquisition company (SPAC) 10X Capital Venture Acquisition.
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Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021.
Galaxy Ends Deal With the Read More