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Acquisitions

Circle Under SEC Investigation

  • The investigation was revealed in a filing part of Circle's plans to go public through a merger with Concord Acquisition Corp, which valued the company at $4.5 billion.
  • The SEC subpoenaed Circle back in July, requesting a number of documents connected to some of the company's holdings, programs, and operations.

MasterCard to Acquire Crypto Analytics Firm CipherTrace

  • The acquisition is part of MasterCard's larger strategy to expand into the digital assets space.
  • MasterCard will use CipherTrace to provide its clients with better risk assessment tools when dealing with cryptocurrencies.

Coinbase to Acquire Zabo for Undisclosed Amount

  • Established back in 2018, Zabo has already expanded its API integrations to include more than 50 crypto exchanges and wallet services.
  • The crypto aggregator service is the latest acquisition of Coinbase, which has already bought several crypto startups since the start of the year, including Routefire, Bison Trails, and Skew.

Voyager Acquires Crypto Payment Firm Coinify

  • The acquisition will enable Voyager to expand to global markets and enter into the payment space.
  • Coinify shareholders will receive 5.1 million newly issued shares of Voyager and $15 million in cash as part of the agreement.

Square Reveals $29B Acquisition Deal

  • Once Square completed the $29 billion acquisition, the 16 million users of Afterpay will be able buy Bitcoin through the Cash App.
  • Square has also tripled its BTC revenue on a year-to-year basis, reporting a $2.72 billion of bitcoin revenue and $55 million of bitcoin gross profit for Q2.

CoinShares Acquires ETF Index Business

  • CoinShares will acquire Elwood's entire issued capital for $17 million.
  • Elwood's equity research team will join CoinShares, but not changes will be implemented to the Elwood Index or the Invesco Blockchain ETF.

Celsius Acquires Serbian Blockchain Development Startup MVP Workshop

  • Nearly 50 of MVP Workshop's engineers and designers will form a Celsius development center in Belgrade.
  • The Serbian startup has been working with Celsius for more than three years.

MoonPay Acquires Stake in BCB Group

  • Through the investment, MoonPay will become a strategic partner of business accounts and trading services provider BCB Group.
  • The two companies will work together to enable additional fiat rails and expand their crypto offering.

Gemini Boosts Custody Security With Shard X Acquisition

  • Shard X's MPC cryptographic technology is considered more secure, as it private keys are broken into shards and distributed to various parties.
  • While the terms of the deal have remained undisclosed, all three members of Shard X will become part of Gemini's U.K. affiliate.

Galaxy Digital To Acquire BitGo for $1.2 Billion

  • BitGo shareholders will get 33.8 million of newly issued Galaxy Digital common stock and $256 million in cash.
  • The acquisition is expected to close in Q4 2021.