BitGo Files $100M Lawsuit Against Galaxy Digital
- The crypto custodian is seeking more than $100 million in damages from Galaxy Digital for the “intentional breach” of its $1.2 billion acquisition deal.
- BitGo noted the complaint was filed under seal as to give Galaxy Digital the opportunity to redact “some of the allegations before the complaint becomes public”.
September 13, 2022, 6:11 PM
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Galaxy Digital Cancels $1.2B BitGo Acquisition Plans
- Mike Novogratz’s crypto investment company said it was terminating the acquisition deal as BitGo failed to provide audited financial statements for 2021.
- Galaxy Digital is still looking to go public through a NASDAQ listing, and is currently awaiting approval from the SEC to reorganize as a Delaware-based company.
August 15, 2022, 4:55 PM
Michael Novogratz, CEO of Galaxy Digital Adam Jeffery/CNBC
Crypto.com Hits Regulatory Milestone in Korea After Two Acquisitions
- Crypto.com secured an Electronic Financial Transaction Act registration by acquiring PnLink, and a VASP registration from buying OK-BIT.
- While it remains unknown if the exchange can offer its full suite of services in the country, the VASP registration allows it to provide crypto exchange and custody services.
August 8, 2022, 11:21 AM
Kris Marszalek, Co-Founder and CEO of Crypto.com, during RISE 2018 conference, Hong Kong, June 2018. Seb Daly/RISE via Sportsfile
FTX to Acquire Crypto Exchange Bithumb
- Bithumb’s parent company, Vidente, had recently entered into acquisition talks, and is still considering between an outright sale and joint ownership.
- According to its latest regulatory filing, Vidente has ownership over 34.2% of Bithumb Holdings, and 10.22% of Bithumb Korea.
July 26, 2022, 6:07 PM
Sam Bankman-Fried, CEO of FTX, speaking at the Binance Blockchain Week, Singapore, 19 January, 2019. Binance
Jul 4, 2022
CoinShares Acquires AIFM-Regulated Napoleon
- Napoleon Asset Management was amongst the first to be licensed under AIMF, giving it passporting permission to market products and services across the EU.
- The acquisition will also expand CoinShares’ products with algorithmic trading and artificial intelligence tools developed by Napoleon.
Mar 22, 2022
Coincheck to List on Nasdaq After $1.25B SPAC Merger
- The merger is expected to complete in the second half of 2022, after which it will list on the Nasdaq Global Select Market under the ticker “CNCK”.
- Monex Group, which currently owns 94.2% of Coincheck, will keep all of its shares at closing, and is expected to own 82% of the new entity after the merger.
Feb 22, 2022
Bitpanda Acquires FCA-Approved Crypto Custodian Trustology
- Trustology, which will be rebranded to Bitpanda Custody, is Bitpanda’s maiden acquisition worth tens of millions of dollars.
- Bitpanda plans to begin its newly announced crypto custody services by taking custody of all its assets across its retail and institutional businesses.
Feb 18, 2022
Animoca Brands Acquires Motorsport Games Developer Grease Monkey
- Following the acquisition, Grease Monkey Games will have integrate the Animoca Brand’s REVV token into its games.
- The indie game developer will continue to operate under its current management, but will have to align its efforts to those of Animoca Brands.
Feb 16, 2022
Fireblocks Acquires Crypto Platform First Digital
- Through the acquisition, Fireblocks will be able to provide payment service providers with a new suite of tools for accepting digital assets.
- Although Fireblocks has had an institutional-focus so far, it will now expand into the business-to-business, business-to-consumer, and cross-border payments spaces.
Feb 1, 2022
ConsenSys Acquires Wallet Manager MyCrypto
- Although the two brands will initially operate separately, the ultimate goal is to have MyCrypto merge with MetaMask over time.
- Part of ConsenSys’ decision to acquire MyCrypto was its developer team, and their shared focus on user safety and security.