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Bankman-Fried says FTX prepared to spend billions on acquisitions: Bloomberg

Crypto exchange FTX is ready to spend billions of dollars for stakes in other companies, Chief Executive Officer Sam Bankman-Fried told Bloomberg in an interview. The billionaire CEO, who’s also a co-founder of FTX, said on Friday that recent fundraising of more than $2 billion by the company and its US entity may be used for the investments aimed at expanding its range of services to its customers. “FTX is a profitable company,” he said. “You can look at the …

SBI Holdings to buy controlling stake in BITPoint for about $99 million, Cryptonews reports

Japanese securities and banking giant SBI Holdings will buy a controlling interest in BITPoint Japan, a crypto trading platform and domestic rival of SBI VC Trade, from its parent company, Cryptonews reported on Saturday, citing Nikkei’s Japanese news service. SBI will buy a 51% stake of BITpoint from Remixpoint for $98.6 million. BITPoint’s market value was estimated at more than $193 million, the report said. Remixpoint said it will “form a capital and business alliance” with SBI to expand its …

Apollo Global weighs going in on bid to buy Twitter: report

Apollo Global Management is reportedly evaluating the possibility of partnering with Elon Musk or another bidder who similarly wants to put in an offer to buy Twitter. Sources told the Wall Street Journal that the alternative investment management firm has had discussions about a deal that would provide a bidder like private equity firm Thoma Bravo LP with the necessary equity or debt. Musk made a $41.4 billion cash offer to buy Twitter last week and the social media giant …

A review of digital asset regulatory compliance through acquisitions

February 15, 2022, 1:41PM EST • 11 min read Quick Take A look at which states require virtual currency licenses to transmit cryptocurrencies Coinbase taking defensive measures in surrendering BitLicenses of Xapo and Tagomi Coinbase, Crypto.com, and FTX.US acquire CFTC regulated companies to provide cryptocurrency derivatives to US clients Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and …

Blockchain.com acquires Latin American crypto investment platform SeSocio

Blockchain.com has acquired SeSocio, a crypto investment platform based in Argentina. While the actual purchase agreement has not been made public, sources familiar with the matter say the deal is in the hundreds of millions of dollars. The announcement stated that the deal marks the company’s largest acquisition to date and expands its ambitions in South America. SeSocio is reportedly one of the largest cryptocurrency businesses in Latin America offering crypto savings and asset management services. As part of the …

Crypto.com splashes $216 million to acquire two US-based derivatives platforms

Crypto.com has agreed to acquire two United States-based retail-focused derivatives exchange platforms from IG Group Holdings, according to an announcement issued on Wednesday. The deal is worth $216 million and will be paid for in cash.  The two platforms are North American Derivatives Exchange, Inc. (Nadex) and Small Exchange. According to the announcement, IG held a 39% stake in the latter prior to the sale. Nadex, based in Chicago, is a regulated derivatives exchange, offering markets like binary options, knock-outs, …