US SPAC’s refusal to merge with Hong Kong crypto firms raises questions
Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?
-
-
South Korea’s WeMade invests in blockchain property startup Kasa
South Korean video game developer WeMade revealed today it has invested in Kasa, a blockchain-based digital asset-backed securities (DABS) trading platform with a focus on prop-tech — where information technology is applied to real estate economics. Fast facts Kasa is a platform where users can invest in commercial buildings with small amounts of money, similar…
-
US SPAC Crypto 1 closes IPO, says won’t pursue ‘business combinations’ with any Hong Kong crypto firms
Crypto 1 Acquisition Corp., a U.S.-incorporated blank check company, has completed its initial public offering (IPO) with gross proceeds of US$230 million, according to a company statement released Friday. Fast facts The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “DAOOU” on Dec. 7. Acting as a special purpose acquisition…
-
Manny Pacquiao launches esports team in midst of presidential campaign
‘Team Pacquiao GG’ may be coming soon to League of Legends and Axie Infinity. But whatever happened to the former pro boxer’s Pac token?
-
Crypto exchange Coinhako secures investment from SBI, Sygnum, Azimut
Singapore-based cryptocurrency trading platform Coinhako has received backing from the SBI-Sygnum-Azimut Digital Asset Opportunity fund, with the fundraising round being three-times oversubscribed, according to a statement released today. Fast facts The fund is a venture capital fund co-managed by Japan’s SBI Group, Switzerland’s Sygnum Bank — which claims to be the world’s first digital asset…
-
Binance chief CZ wants to bring business back to UK: report
Binance, the world’s largest cryptocurrency exchange by trading volume, is working to rebuild its operations in the U.K. after it was told to close down the business there back in June, the company’s CEO Changpeng Zhao, or CZ, told the newspaper the Sunday Telegraph. Fast facts CZ told the local press the company is making…
-
Indian crypto community sees silver lining after 1st week of parliamentary session
A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.
-
Bitcoin miner Griid set to go public via Adit EdTech merger
Griid Infrastructure, a U.S.-based Bitcoin mining company, is set to go public through a merger with Adit EdTech Acquisition Corp., a special purpose acquisition company (SPAC), in a deal that would value the combined company at about US$3.3 billion, according to a company statement released Tuesday. Fast facts Upon completion of the deal, the combined…