Binance acquires a controlling stake in Bitcoin exchange Gopax
Binance Holdings Ltd. acquired a controlling stake in the troubled South Korean cryptocurrency exchange Gopax.The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought and sold.
Binance acquires a controlling stake in Bitcoin exchange Gopax
Binance Holdings Ltd. acquired a controlling stake in the troubled South Korean cryptocurrency exchange Gopax.
Reality Labs’ metaverse-focused loss rose to $4.3 billion
In the October-December 2022 quarter, Meta's metaverse-linked Reality Labs posted a loss of $4.28 billion, versus $3.3 billion in Q4 2021.
Tesla reports $140m SEC loss over Bitcoin position
Negative fair value adjustment of Tesla's balance-sheet holding of 9,720 BTC during 2022 amounted to $204 million, profit from converting part of the coins — $64 million, net loss — $140 million. The figures are provided in the filing with the SEC.
Circle says the SEC was not at fault over SPAC deal collapse
The SEC was not the reason Circle's termination of the agreement with Concord Acquisition within the SPAC merger; any such claims to the contrary are inaccurate. This was stated by representatives of the issuer of the stablecoin USDC to Decrypt.
21Shares launches PoS-based crypto-basket ETP
Swiss company 21Shares unveiled an exchange-traded product (ETP) that tracks the performance of a basket of crypto assets on the Proof-of-Stake (PoS) algorithm.
Market maker Group One acquires 13.5% stake in MicroStrategy
Based in Chicago, market maker Group One became the owner of 1,261,744 MicroStrategy shares, equivalent to a 13.49% stake. The information is contained in the SEC filing.
Bankman-Fried disclosed Alameda loan of $546 million to buy Robinhood shares
FTX co-founders Sam Bankman-Fried (SBF) and Gary Wang borrowed $546.4 million from Alameda Research to buy a 7.6% stake in Robinhood. This was stated in court documents.
FTX seeks court protection for $448 million Robinhood stake
The FTX exchange, which is in bankruptcy proceedings, has petitioned the court to protect a package of 56 million Robinhood Markets shares (worth about $448 million) from creditors.
Coinbase shares have fallen more than tenfold since its IPO
Market capitalisation of Coinbase has fallen more than tenfold since its shares began trading on Nasdaq. On December 20, the stock was valued at $34.97, compared with $381 at the IPO (April 2021).
Grayscale to buy back 20% of GBTC on the open market if SEC rejects conversion to ETF
Grayscale Investments, the digital assets manager, will buy back a fifth of outstanding GBTC shares if the SEC refuses to convert it into an ETF. The Wall Street Journal reports, citing investor materials.We use cookies to improve the quality of our service.
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