Ether extended its rally Thursday after BitMine Immersion Technologies (BMNR) announced that its holdings of the second most valuable cryptocurrency had surpassed $2 billion — just 16 days after closing a $250 million private placement to support its Ether treasury strategy. In a press release dated July 24, the Nasdaq-listed bitcoin mining firm said it … Read more
Microsoft could face a roadblock in its attempt to take over game maker Activision Blizzard due to a UK regulator, according to a new report. The UK’s Competition and Markets Authority (CMA) has reportedly expressed concerns that the the Redmond company’s $69 billion (roughly Rs. 5,49,900 crore) deal to acquire the firm could negatively affect … Read more
Microsoft may have to offer concessions to address EU antitrust concerns about its $69 billion (roughly Rs. 5,62,500 crore) bid for Call of Duty maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal. The US software company, which announced the deal in January, is betting … Read more
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company… is likely to have the ability, an incentive, to harm competition in various markets related to consoles, subscription services, and the cloud … Read more
Cryptocurrency miner BIT Mining is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens. BIT Mining said it wants to “capture emerging opportunities across the broader blockchain” industry and attract investors seeking exposure to Solana in an announcement on Thursday. The company’s New York Stock Exchange-listed shares … Read more
An increasing number of Web3 firms are turning to the EU with the Markets in Crypto-Assets Regulation (MiCA) laws bringing regulatory clarity to the sector. In a fresh development, crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries part of the European Economic Area … Read more
Tokenization platform Ondo Finance said it agreed to buy Oasis Pro, a regulated brokerage platform, laying the groundwork for rolling out tokenized stocks in the coming months. The acquisition, whose price was not disclosed, would give Ondo a bundle of U.S. securities licenses: a broker-dealer, Alternative Trading System (ATS) and transfer agent regulated by the … Read more
The US Federal Trade Commission on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard. “If this deal is completed, the combined company… is likely to have the ability, an incentive, to harm competition in various markets related to consoles, subscription services, and the cloud … Read more
US President Donald Trump told reporters on Monday that Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app. Microsoft declined to comment. TikTok and ByteDance did not immediately respond to Reuters’ requests for a comment outside regular business hours. TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring … Read more
CoreWeave — once a cryptocurrency miner and now a rising AI infrastructure provider — is reportedly in acquisition talks with Core Scientific, after increasing a previously rejected bid made last year to the Bitcoin mining firm. A takeover bid could be “finalized in the company weeks,” The Wall Street Journal reported on Thursday, citing sources … Read more