Search Results for: Corp

Matthew Whitcomb Joins Spirit Blockchain Capita as Head of Corporate Development

Spirit Blockchain Capital Inc. (Spirit), headquartered in British Columbia, Canada, which focuses on blockchain and digital assets, has hired Matthew Whitcomb as head of corporate development. Matthew Whitcomb, an identified proponent of blockchain technology and former VP of Corporate Development at CSE-listed TAAL Distributed Information Technologies, will bring his extensive experience in capital markets, including … Continue reading Matthew Whitcomb Joins Spirit Blockchain Capita as Head of Corporate Development

Shinhan bank Opens Door to Corporate Crypto Accounts, Paving the Way for Institutional Adoption

As the first domestic lender on South Korean soil, Shinhan Bank has rolled out real-name corporate accounts to enable transactions from cash to crypto-based on its partnership with cryptocurrency exchange Korbit. Local regulations made this venture a reality by allowing bank-partnered and licensed crypto exchanges to render cash-to-crypto services.  Furthermore, the passage of the Reporting … Continue reading Shinhan bank Opens Door to Corporate Crypto Accounts, Paving the Way for Institutional Adoption

Investcorp Rolls out First Institutional Blockchain Fund in the Gulf

Investcorp, a global manager of alternative investment products, has launched the first institutional blockchain fund in the Gulf Cooperation Council (GCC) aimed at propelling a blockchain-powered digital evolution. Dubbed Lydian Lion, the blockchain fund also has a global investment mandate. It will be mainly rolled out to early-stage companies within the blockchain ecosystem in areas … Continue reading Investcorp Rolls out First Institutional Blockchain Fund in the Gulf

American Premium Water Corporation Acquires Crypto Mining Company CloudX

American Premium Water Corporation announced the acquisition of cryptocurrency mining and staking company CloudXchange DataCentre Inc. (“CloudX”) for $45.6 million. Under the terms of the agreement, seller CloudX committed its wholly-owned subsidiary CloudX SG, which is primarily focused on cryptocurrency mining, to generate earnings before interest, taxes, depreciation, and amortization of at least $1.5 million … Continue reading American Premium Water Corporation Acquires Crypto Mining Company CloudX

Canadian Fintech Firm Stablecorp Secures $1.5m from Crypto Leaders

Canadian fintech firm Stablecorp announced that it has secured $1.5 million in participation from crypto market leaders, including Circle Ventures, the issuer of USD Coin (USDC) in the Pre-Series A Funding Round. Stablecorp is committed to providing blockchain technology for banks and was co-founded by 3iQ, Canada’s largest crypto asset management company, and Mavennet, a leader … Continue reading Canadian Fintech Firm Stablecorp Secures $1.5m from Crypto Leaders

Riot Blockchain Hires Nomura M&A Banker Jason Chung as Corporate Development Head

Riot Blockchain Inc, a Bitcoin infrastructure company based in Colorado, announced on Wednesday that it has hired investment banker Jason Chung from Nomura Holdings Inc as its head of corporate development. Until recently, Chung was a Hong Kong-based managing director at Nomura. In this new role, Chung will lead corporate development affairs at Riot Blockchain, … Continue reading Riot Blockchain Hires Nomura M&A Banker Jason Chung as Corporate Development Head

Circle Inks Strategy Partnership with Bancorp for USDC Custody

Circle Internet Financials LLC, the blockchain company responsible for issuing the USDC stablecoin, has announced its latest partnership with New York Community Bank (NYCB), a publicly listed New York Community Bancorp subsidiary Inc.  The partnership is coming days after Circle floated its first Euro-backed stablecoin.  Through the partnership, Circle will rely on NYCB as one … Continue reading Circle Inks Strategy Partnership with Bancorp for USDC Custody

eToro Cancels SPAC deal with FinTech Acquisition Corp. V. Company

Social investing network eToro Group announced Tuesday that it has cancelled its planned public listing through a merger with FinTech Acquisition Corp. V. SPAC (special purpose acquisition company). eToro said that the closing conditions agreed upon by the two firms when the merger was proposed in March last year have not been met. The two … Continue reading eToro Cancels SPAC deal with FinTech Acquisition Corp. V. Company

Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders

North American publicly traded cryptocurrency mining company Hut 8 Mining Corp has announced its operational update of July. Last month, Hut 8 revealed that it mined 330 Bitcoins at an average rate of 10.61 Bitcoins per day. As of July 31, 2022, Argo said it held 7,736 bitcoins, making it one of the largest public … Continue reading Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders

Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

The Japanese government has proposed a new crypto tax law that will be introduced in 2023 for companies. Earlier, Watanabe Sota, CEO of Web3 infrastructure firm Stake Technologies Pte, said that in order to prevent entrepreneurs from leaving the country, Japan should minimize corporate taxes on crypto businesses. The Japanese government has also proposed a … Continue reading Japan to Introduce Corporate-friendly Crypto Tax Law in 2023

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