Tags: Acquisitions

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Ziglu is also looking to raise around $2.46 million to enable it to continue operating until a sale is agreed

“We‘ve been working for 4 weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.

One River Digital, a subsidiary of One River Asset Management, will become Coinbase Asset Management.

With the €4 million ($4.3 million) acquisition, the Estonia-based crypto exchange Coinmetro intends to broaden its securities market offerings and develop tools for small businesses to raise funds directly from their communities using non-fungible tokens.

Environmental groups oppose the transaction on the grounds that it impedes New York‘s greenhouse gas emissions goals.

The combination would create the country’s largest cryptocurrency exchange.

The exchange agreed in December to purchase the company after Voyager‘s deal with Sam Bankman-Fried‘s FTX fizzled.

Vauld believes that the latest acquisition proposal by its fellow lender "would not be in the best interests" of its creditors.

In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly.

Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month.