Tough tugs and wars have been going on between the leading crypto service providers to top the list and become the leaders in the crypto market. The institution has expanded globally by acquiring established regional subsidiaries of service providers to serve the masses.
In a release, Matrixport noted that it has acquired Crypto Finance, a licensed crypto assets management firm in Singapore. As per market experts, the move to purchase licensed crypto services providers is backed by the aim of expanding its services in the region.
Following the acquisition, Co-Founder & CEO of Matrixport, John Ge, said: “We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. The acquisition enables clients access to the most innovative, compliant crypto asset management products and aligns with our strategy to further expand services in Europe.”
Recent Crypto Firms Acquisition News
Today, September 30, 2024, Vinyl Group, an Australian music technology company, has announced that it is ready to acquire Serenade, a Web3 NFTs and digital collectibles startup. The acquisition will help Vinyl to make its strong presence in the NFTs category and expand its user base in the United Kingdom.
To expand its dominance in the crypto mining industry, Riot Platform Inc. was in discussion with contender Bitfarms to acquire them; on September 23, 2024, both these miners ended Riot’s acquisition bid for the crypto mining company.
The plan to acquire Bitfarms was in process for the past few quarters, Riot was constantly increasing its stakes by buying a significant chunk of shares at a time. Marathon Digital Holdings leads the list of prominent cryptocurrency miners with a market capitalization of $5.09 billion followed by Core Scientific, CleanSpark, Phoenix Group, and Riot.
On September 27, 2024, CleanSpark publicized its plan to acquire a mining facility based close to FE Warren Air Force Base in Cheyenne, the site that had been seized by the Biden administration earlier this year.
Other Crypto Market News Updates
In a news article on September 30, 2024, Todayq reported that a leading IT security firm Check Point Research has confirmed that a crypto wallet troubler, thief, has stolen $75,000 in the past five months, using “advanced evasion techniques”.
The study notes that the identified malicious application was the replica of the known ConnectWallet protocol, helping connect several crypto wallets to DeFi applications.
Earlier this week Bloomberg reported that a leading investor and billionaire Christian Angermayer left England and moved to Lugano. Tough rules and unnecessary taxes on cryptocurrency and related services have directed the relocation of millionaires and billionaires.
A recent study by Coincub titled ‘Crypto Banking Report 2024’ notes that ‘’San Francisco is a center for cryptocurrency, including over 100 businesses accepting crypto payments and more than 400 crypto ATMs.’’ However, the United States has the highest number of operational and installed Crypto ATMs globally.
Crypto Market Price Updates
As of writing the cryptocurrency market capitalization was at $2.27 trillion with an intraday decline of 1.08%; at the same time fear and greed index powered by CoinMarketCap was at 56 reflecting a neutral sentiment in the market.
Until publishing Ethereum was trading at $2,638 growing 3.89% in the past 30 days, its trading volume grew 25% intraday reaching $13,069,093,273.
Bitcoin’s highest traded at $66,069.35, lowest traded at $64,061.96 in the past 24 hours, and writing was trading at $64,302. The intraday gainer’s list is topped by Mina ( Mina) as its prices surged 14% reaching $0.6087 followed by Ethena (ENA) trading at $0.409 adding 13.52%.
