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Buffett-backed Nubank to seek IPO valuation of over $55 bln -sources
The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker BANGALORE/SAO PAULO, Aug 25 (Reuters) – Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the $55.4 billion value of the[…]
This Investor Bet On Robinhood With The First Check
From Forbes: Only a handful of early stage investors have the distinction of writing seed checks to Unicorns. When such investors do this repeatedly, we are intrigued about their investment process. It’s even more intriguing if the investor is an emerging manager and virtually unknown. Robinhood has recently made big headlines by reaching a $5.6B valuation in[…]
Blockchain.com exchange debuts Bitcoin margin trading
By Osato Avan Nomayo, Gold-verified users of Blockchain.com exchange in over 150 countries will now be able to trade Bitcoin with up to 5x leverage. Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services. In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request[…]
Bitcoin miner Stronghold will list almost 6M shares in its $100M IPO
By Martin Young, The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin. United States Bitcoin mining company Stronghold Digital Mining will list almost six million shares in an initial public offering (IPO) on the Nasdaq. Stronghold plans to list 5,882,352 Class A common stock shares priced between $16[…]
Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams
By Brian Quarmby, The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind. A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade. On Aug. 24 the[…]
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
By Turner Wright, “Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. The United States Commodity Futures Trading Commission is ordering crypto exchange Kraken to pay more[…]
Binance US ‘looking at IPO route,’ CZ says
By Helen Partz, Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and[…]
US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion
By Brain Quarmby, Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100-million initial public offering with the U.S. Securities and Exchange Commission. Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has filed for a $100-million initial public offering with the United States Securities and Exchange Commission. The firm filed its S-1[…]
Triller Parent In Advanced Acquisition Talks
The parent company of Triller is in advanced talks with multiple companies that could result in an acquisition or merger, a source tells Front Office Sports. TrillerNet reportedly had plans to go public. In the process of prepping for a direct listing by year’s end, the company received offers from “a number of large, multi-billion dollar[…]
Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO
By Osato Avan-Nomayo, Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021. Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period. According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion[…]
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