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Nansen acquires DeFi investment tracker Ape Board for undisclosed eight-figure sum

Quick Take Ape Board will become the starting point for a new free-to-use portfolio tracker. Nansen will onboard Ape Board’s employees and CEO in the coming months. Blockchain analytics platform Nansen has acquired Ape Board, a tool that allows users to track their portfolio of non-fungible token (NFT) and decentralized finance (DeFi) investments.  Ape Board will become the starting point of a new free-to-use portfolio tracker that will integrate with the rest of Nansen’s features, according to an announcement on …

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 …

Elon Musk says Twitter purchase ‘on hold’ pending details on fake accounts

Elon Musk said his pending acquisition of Twitter is “on hold” until the social network can offer more clarity on its fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted from his verified account on Friday.  The billionaire Tesla CEO, who has more than 90 million Twitter followers, shared a link to a Reuters report that said Twitter estimated false or spam accounts represented fewer …

Napster acquired by Hivemind, Algorand at undisclosed price

Napster, once popular in the early 2000s for peer-to-peer audio file sharing, has been acquired by Hivemind and Algorand, the teams announced today. Emmy Lovell has been named interim CEO of Napster, where she previously served as chief strategy officer, according to her LinkedIn. Lovell is a music industry veteran, with previous gigs at Warner Music Group, EMI Music, Bauer Media, and the BBC. Hivemind is a crypto-focused investment firm based in New York. “Volatile market and uncertain times often …

Twitter accepts Elon Musk’s $44 billion takeover offer

Twitter has accepted billionaire Elon Musk’s offer to buy the social media company for approximately $44 billion.  The Tesla CEO will pay $54.20 per share, according to a statement on Monday, confirming reports over the weekend that a deal was imminent. The transaction, which will make Twitter a privately held company, is expected to close some time this year, pending approval of Twitter stockholders and regulators. Twitter’s independent board chair Bret Taylor said the board conducted a “thoughtful and comprehensive …

Coinbase in talks to acquire Turkish crypto exchange BtcTurk: report

Cryptocurrency exchange Coinbase is reportedly in talks to buy Turkish exchange BtcTurk as it seeks to ramp up its presence in developing economies.  The deal, first reported by MergerMarket and then cited by Bloomberg, could be worth close to $3.2 billion and is reportedly in the later stages of closing. A term sheet has already been signed and the company is currently completing its technical due diligence.  The Block contacted both BtcTurk and Coinbase for comment but did not immediately …

Robinhood to acquire crypto wallet and card startup Ziglu

Crypto wallet and card startup Ziglu is set to be acquired by brokerage app company Robinhood, according to a Tuesday statement from the companies. “We’ve signed an agreement to join Robinhood and we couldn’t be more excited,” Ziglu told customers in a message. “Ziglu and Robinhood share a common DNA, working to reduce the barriers to entry for a new generation of investors, and we’re looking forward to pursuing that mission together.” The firm added that “[t]his agreement is subject …

Animoca Brands acquires car racing video game developer Eden Games

The blockchain-focused gaming firm Animoca Brands announced Monday that it acquired the French game developer Eden Games, creator of car racing-focused titles such as GEAR.CLUB, F1 Mobile,  Need for Speed: Porsche and V-Rally.  Formerly known as Eden Studios, the firm was a part of Atari until the early 2010s. Eden Games relaunched as an independent studio in 2013.  Monday’s acquisition marks the second racing-focused game firm Animoca Brands has acquired since the beginning of the year. The Hong Kong-based Animoca …

Crypto payments firm Wyre acquired by Bolt in deal worth roughly $1.5 billion

Bolt, a payments and e-commerce firm, has acquired crypto company Wyre in a deal valued at around $1.5 billion. “Bolt and Wyre plan to close the transaction and fully integrate before the end of the year, and once complete, the acquisition will bring the power of Bolt’s CheckoutOS—one-click checkout, authentication, payments, and fraud protection—to the cryptocurrency ecosystem,” the firms said in a press statement shared with The Block.  The news signifies the latest intersection of the crypto space and the …

Galaxy Digital says it has renegotiated the terms of its BitGo acquisition

Financial services firm Galaxy has renegotiated the terms of its acquisition of crypto custodian BitGo, according to its 2021 financial results. Galaxy initially announced the $1.2 billion deal on May 5. The plan at that time was to make the purchase with $265 million in cash and the rest in 33.8 million newly issued shares of Galaxy Digital. That would have given BitGo shareholders 10% stake in Galaxy Digital.  The deal was expected to close in the fourth quarter of …