Crypto Rails Go Mainstream — Inside Mastercard’s Bold $1.8 Billion BVNK Acqui...
Mastercard is set to acquire stablecoin infrastructure firm BVNK in a deal worth up to around $1.8 billion, pushing deeper into crypto rails and 24/7 payments. Related Reading: Crypto-Linked Crime Jumps In Basque Country — But What Does It Mean For Traders? A Multi-Billion Crypto Purchase TradFi continues to demonstrate that they don’t want out of the crypto rails, and stablecoins appear to be the safest pathway they have found to adapt to the times. Bloomberg reported this Tuesday afternoon that the purchase of the London‑based fintech startup also includes $300 million in contingent....
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A Coinbase spokesperson confirmed to Fortune that the cryptocurrency exchange has officially terminated its acquisition discussions with UK-based stablecoin startup BVNK. Coinbase had initially secured exclusive negotiation rights with BVNK after navigating a competitive bidding process. Coinbase Abandons BVNK Acquisition A Coinbase representative stated, “We’re continuously seeking opportunities to expand on our mission and product […]
According to a report from Bloomberg, US-based cryptocurrency exchange Coinbase (COIN) is reportedly in advanced negotiations to acquire BVNK, a startup specializing in stablecoin infrastructure, in a deal valued at approximately $2 billion. This acquisition is pending due diligence and could see closure later this year or early next year. Coinbase Ventures Poised To Acquire BVNK […]
Quick Facts: 1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations. 2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B. 3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in […]
According to a report by Fortune, Mastercard is reportedly in advanced discussions to acquire Zerohash, a startup specializing in crypto and stablecoin infrastructure, for an estimated $1.5 to $2 billion. Mastercard’s $2 Billion Bet On Zerohash Founded in 2017 and based in Chicago, Zerohash focuses on building stablecoin and blockchain infrastructure, facilitating payments and crypto […]
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion deal. This move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency exchange. Exchange Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported....