|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13.11.25 - 13:54
|
Coinbase Abandoning $2 Billion Deal For Stablecoin Company BVNK (ZeroHedge)
|
|
|
Coinbase Abandoning $2 Billion Deal For Stablecoin Company BVNK
Coinbase Global has scrapped plans to acquire BVNK, a London-based stablecoin infrastructure startup, ending what would have been a roughly $2 billion deal — and one of the largest stablecoin-focused acquisitions to date, according to Yahoo Finance.
“We're continuously seeking opportunities to expand on our mission and product offerings,” a Coinbase spokesperson said. “After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward.”
Yahoo writes that talks had reached late stages, with the firms entering exclusivity in October that prevented BVNK from seeking other buyers. The transaction had been expected to close later this year or early next, but it was not immediately clear why it fell apart.
BVNK provides stablecoin payment and settlement tools used for cross-border transfers — an increasingly competitive area for crypto exchanges and payment processors. For comparison, Stripe ...
|
|
|
|
|
|
|
|
|
|
|
12.11.25 - 16:36
|
JPMorgan Launches Dollar Deposit Token On Coinbase′s Base Network (ZeroHedge)
|
|
|
JPMorgan Launches Dollar Deposit Token On Coinbase's Base Network
Authored by Adrian Zmudzinski via CoinTelegraph.com,
JPMorgan Chase & Co. — the world's biggest bank by market capitalization — has begun deploying a token representing deposits held at the bank, called JPM Coin.
According to a Wednesday Bloomberg report, JPMorgan's institutional clients now have access to the JPM Coin. The bank's blockchain division co-lead, Naveen Mallela, told Bloomberg that the token represents US dollar deposits at the bank and allows users to send and receive money on the blockchain created by US crypto exchange Coinbase, called Base, a platform endorsed by the bank.
In mid-June, Mallela announced that a fixed number of JPMD tokens would be transferred to Coinbase on Base in the following days. The transfer was part of a pilot phase that was followed by allowing Coinbase's institutional clients to access the bank's deposit token.
JPM Coin enables instant, 24/7 payment processing, which is sig...
|
|
|
12.11.25 - 16:36
|
Coinbase Leaves Delaware For "Greener Pastures" In Texas As Exodus Continues (ZeroHedge)
|
|
|
Coinbase Leaves Delaware For "Greener Pastures" In Texas As Exodus Continues
For more than half a century, Delaware stood as America's corporate capital, renowned for its business-friendly laws, respected Chancery Court, and consistent legal rulings. But in recent years, leftist activist lawmakers and politicized judges have undermined that very foundation, sparking an exodus of major companies seeking stability and fairness to more welcoming states like Texas and Nevada.
On Wednesday morning, Coinbase joined the growing exodus, announcing on its website and in a Wall Street Journal op-ed by Chief Legal Officer Paul Grewal that it is moving its state of incorporation from Delaware to Texas.
"For decades, Delaware was known for predictable court outcomes, respect for the judgment of corporate boards, and speedy resolutions," Grewal wrote in the op-ed.
However, he pointed out that recent inconsistent Chancery Court rulings and reliance on ad hoc legislative fixes do...
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
