Line Next, a subsidiary of Line Corporation, said on Dec. 13 that it has secured a $ 140 million investment in a funding round led by the Peter Thiel-sponsored Crescendo Equity Partners. Line Next has said it will use the capital raised to fund the expansion of its global business and develop new services. …
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $ 1 million. Reports of Payday’s acquisition come almost a year after the startup raised $ 3 million in a funding round. Bitmama’s Pivot From Crypto The Nigerian crypto platform Bitmama is set to acquire the …
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator to show cause why it should not be subject to sanctions. Court Threatens […]
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $ 370 million through an initial public offering (IPO) that was highly sought after, achieving a 33-fold oversubscription. UAE Forges …
Crypto media firms in 2023 are emerging with new owners. After Foresight Ventures, a Singaporean Web3 venture capital firm acquired a major stake in the publication The Block, a week later, the crypto publication Coindesk was acquired by Bullish, a firm led by former New York Stock Exchange President Tom Farley. The purchase price was […]