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Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

Hong Kong-based blockchain financial services firm Diginex Ltd. will go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share. According to Diginex’s CEO Richard Byworth the deal is set to ensure “broader market visibility” for the company. As such, Diginex will be “the first fully-diversified blockchain player on Nasdaq,” Byworth added. Last fall, Diginex joined Global Digital Finance, the industry body driving acceleration and adoption of digital finance, a..

Reverse IPOs Slowly Growing as Cryptos Look to Go Public in...

More and more crypto companies are taking the route of a reverse IPO, but will it pay off? In a transaction that has all the hallmarks of a reverse initial public offering (IPO) — also called a reverse merger — OKC Holdings Corp., which is the parent company of OKCoin and OKEx (the world’s second-largest cryptocurrency exchange by trading volume) bought a controlling share in Leap Holdings Group on Jan. 14. Leap Holdings is a construction company listed on the Hong Kong Stock Exchange (HKEX), with a market cap of 978 million Hong Kong dollars ($124.7 million). OKC Holdings bought 3,182,790,001 shares at a price of HK$0.1520 ($0.019) each, for 60.49 percent of the company and voting rights. The transaction is only one in a string of cryptocurrency exchanges and other crypto-related companies that have followed this backdoor strategy to getting listed on a traditional stock exchanges. On Aug. 21, 2018, cryptocurrency exchange Huobi Global bought a controlling share in Pantronics Holding..

Report: Reverse Merger Could Take Bithumb Crypto Exchange Public in the...

A Singapore-based firm with a controlling stake in major crypto exchange Bithumb could reportedly take the exchange public in the U.S. via a so-called reverse merger. Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22. According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO). Should the reverse merger prove successful, this would reportedly be the first instance of a cryptocurrency exchange going public. An unnamed source told CNBC that Blockchain Exchange Alliance had considered filing for a public offering in Singapore, but did n..

BitMax.io (BTMX.com): Twined Trans-Fee Mining with Reverse-Mining, That’s What’s Called the...

Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. On November 18th, 2018, BitMax.io (BTMX.com) launched its trans-fee mining, cementing its position as one of the most progressive exchanges in the industry. The trans-fee mining model coupled with the exchange’s already low fees set a new standard in the Crypto space, as traders will be able to get back their already low fees in the form of BTMX, the platform native token. These tokens allow the community to have a genuine participation in the exchange, be they willing to utilize the token’s utility. A major pain-point for traders, irrespective of market conditions, has always been fees. While most crypt..

Crypto Project Says It Can Reverse Transactions and Recover Accounts Without...

sponsored A new financial blockchain network is offering low-cost, high-speed transactions — and gives users the ability to recover accounts and have these accounts insured. A startup which bills itself as “blockchain’s financial district” has launched its network — and says its debut heralds “the beginning of true financial freedom.” WORBLI enables businesses and individuals to enjoy “seamless access to financial services,” and paves the way for developers to build their own applications on its network. Its ecosystem uses EOSIO software, with the startup’s team saying this unlocks a series of benefits. Firstly, users benefit from fast and feeless transactions, allowing applications on the network to operate without bottlenecks and delays — and they also have the ability to amend nefarious transactions and recover accounts, should they need to. The company ardently believes that blockchain is the future, and will transform the financial services industry beyond all recognition. It sa..

BitMax.io’s Reverse-Mining, Token Economics, and Inflation Management Protocols Highly Favor Traders...

Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. BitMax.io in the Crypto Exchange Space BitMax.io (BTMX.io) is a global operator of an innovative digital asset trading platform with a broad range of products and services for global retail and institutional clients. With its relentless focus on transparency, reliability, and quality of execution and client services, BitMax.io has established itself as a clear leader in the crypto trading and exchange space. Since its launch in August 2018, BitMax.io has enjoyed considerable success, growing its user base to over 50,000 and providing 39 active trading pairs to the public, with new trading pairs and listi..

Breaking: Google to Reverse Crypto Ad Ban for Exchanges Advertising in...

In an official announcement Tuesday, Google said that it will allow registered crypto exchanges to advertise in the U.S. and Japan. Google is set to update its ad policy in October, reallowing some crypto businesses to advertise on its platform. The company announced this in an official post Tuesday, September 25. According to the official announcement, starting in October Google will allow registered cryptocurrency exchanges to advertise on its platform, targeting the U.S. and Japanese audiences. The announcement says: “Advertisers will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October.” This decision follows an announcement in March that all crypto-related businesses will be banned from buying ads on Google Adwords, described by industry insiders as “unfair” and “troubling.” Earlier in June, Facebook made a similar move, reversing its ad ban for pre-approved..

Blockchain Study: Gemini Custodian is Able to Alter or Reverse Gemini...

Blockchain research shows how a Gemini custodian is able to change, stop, or reverse GUSD transactions every 48 hours. The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov, published on Medium on September 11. In the research, the authors review the code of the GUSD’s smart contract in order to demonstrate that the implementation of the Gemini USD can become non-transferrable or frozen at any moment, which is noted in the Gemini dollar’s white paper. The option of pausing, blocking, or reversing GUSD transfers is one of the basic technical principles of the new centralized stablecoin introduced by Tyler and Cameron Winklevoss, according to the white paper. The Gemini dollar white paper describes this feature along with other three main principles of the GUSD blockchain design, citing the need for t..
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