Week Ending 02.03.19
SQUIRE EXTENDS ACQUISITION TALKS
BITFRONTIER ACQUIRES TELESISIT
CULEDGER RAISES USD 10M
RIPPLE HIRES GENERAL COUNSEL
AND MORE ↓
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MERGERS AND ACQUISITIONS
Squire Mining, the Vancouver, Canada-based company developing cryptocurrency mining chips, said it is extending talks to acquire cryptomining assets from BigFoot for CAD 60m (USD 45m).
BitFrontier Capital, the Fredericksburg, Virginia-based blockchain investment company, said it acquired software developer TelesisIT.
Other deals include American Premium Water
United States Bitcoin and Treasury Investment Trust, the New York City-based exchange traded fund-type product, refiled for an initial public offering. The fund will be based on Bitcoin and US Treasury Bills. Wilshire Phoneix Funds, which formed the investment product, says the mix will reduce volatility.
CULedger, the Denver, Colorado-based blockchain company, said it raised USD 10m in a Series A from unidentified credit unions. The company is developing a credit union identity tracking system using blockchain.
EMURGO, the New York City-based investment arm of the Cardano blockchain protocol, said it made an investment of unspecified size in digital merchant bank Y2X.
Platin, the Tel Aviv, Israel-based company developing global blockchain location systems, said a fund run by EOS Global made an investment of unspecified size in the company.
Ripple, the San Francisco, California-based blockchain company, said it hired former CIT and HSBC executive Stuart Alderoty as general counsel.
In July last year the company hired Kahina Van Dyke, a former Facebook global payments director, as senior vice president of business and corporate development. The company also promoted David Schwartz to chief technology officer at the same time.
Belfrics, the Kuala Lumpur, Malaysia-based blockchain company, said it hired Kumar Kusha as chief technology officer. He held the same position at India’s Reliance.
SIMBA added Microsoft executive Joe Matz to its advisory board.
San Francisco’s Bitwise Asset Management and ETF Trends, the news service, surveyed 151 financial advisors and found:
only 9% currently manage a crypto allocation for a client portfolio
22% plan to either start a new allocation to crypto or increase their existing allocation this year
Read the entire report embedded in the link here.