“The negotiations, which began earlier this year and progressed to an exclusivity agreement in October, were expected to value BVNK between $1.5 billion and $2.5 billion.”, — write: www.coindesk.com
People familiar with the matter told Fortune that Coinbase had been leading the bidding ahead of Mastercard before the talks were called off.
For Coinbase, which already issues the USDC stablecoin in partnership with Circle, acquiring BVNK would have strengthened its foothold in cross-border payments and expanded its merchant services footprint.
A Coinbase spokesperson confirmed to Fortune that the deal is no longer moving forward but did not elaborate on the reasons behind the decision.
Prior reporting puts the offers for BVNK at $1.5-$2.5 billion, making it one of the larger M&A deals in the stablecoin space.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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A successful ETF launch could expand XRP’s liquidity base and potentially trigger inflows from registered investment advisers who may have avoided direct crypto exposure beyond bitcoin.
- Canary Funds’ XRP Trust is poised to become the first pure spot XRP ETF in the US, pending Nasdaq certification.
- The ETF’s launch could increase XRP’s liquidity and attract investment advisers who have avoided direct crypto exposure.
- Approval would mark a significant milestone for Ripple and the broader crypto market, expanding beyond bitcoin and ether.
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