Cryptocurrency mergers and acquisitions
Digital assets are not a new phenomenon, having been around for several years. Yet many established companies, including large financial institutions and government entities, have historically seemed reluctant to adopt digital assets. At least a part of this reluctance can be attributed to the still developing regulatory landscape, but this is quickly changing. In January, the Office of the Comptroller of the Currency OCC granted a national trust bank charter to a South Dakota chartered trust company, making it the first federally chartered digital asset bank in the US and allowing it to partner with other traditional financial institutions to offer digital currencies to customers. Earlier that month, the OCC issued guidance that allows national banks and federal savings associations to participate in independent node verification networks and use stablecoins — cryptocurrency backed by another asset — for payment activities.
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Cryptocurrency mergers and acquisitions
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Content:
- Crypto M&A Doubled to $1.1B in 2020: PwC
- TCM and Trovio merger forms $200m crypto firm
- The Age of Cryptocurrency: Past, Present, and Future
- Apifiny Announces Plans to Go Public via Merger with Abri SPAC I
- Here Come the Crypto Rules
- Inside Coinbase's M&A Department
- Preview 2022: Bankers' views on crypto, M&A, big tech
Crypto M&A Doubled to $1.1B in 2020: PwC
With the advent and swift growth of bitcoin and other cryptocurrencies including Ethereum, Ripple, Litecoin, and Monero, to name a few , new legal issues in these innovative and disruptive areas are surfacing every day. We help our clients navigate and blaze a trail in the blockchain industry. At Meyers Roman, we work closely with clients to understand their objectives and to craft a path that helps them achieve those goals. Should a dispute arise, you can rely on our highly experienced team of litigators with proven success in securing favorable verdicts for both plaintiffs and defendants.
Our extensive experience in blockchain technology and cryptocurrency spans across a variety of both current and emerging technologies, including hardware and equipment design; software, website and application development and policies; digital currency and more. In addition, our attorneys continue to stay up-to-date with ever changing trends, advising clients on issues related to initial coin offerings ICOs and crowdfunding.
Our Blockchain and Cryptocurrency attorneys work closely with our Intellectual Property, Business and Corporate, and Tax practice groups to counsel clients on the corporate structure that best capitalizes on their IP assets. We regularly assist with technology transfers and acquisitions, including the creation of joint ventures, partnerships, franchises and other strategic alliances. Our attorneys provide counsel on licensing agreements and the contractual agreements necessary to protect proprietary information, including non-disclosure and non-compete agreements.
As part of the Corporate Intellectual Property Practice Group, Meyers Roman has a long history representing companies in the blockchain and cryptocurrency industries that provide consumer and financial services, including application and software development, tokenized in-game assets, e-commerce companies, mining and hosted mining services, mining equipment and software, and marketplace payment service providers.
Our clients include both large and small blockchain innovators, mining groups and companies, investors and industry associations. We counsel virtual currency industry clients with respect to various regulatory issues, including compliance with securities and commodities laws and regulations.
We help organize internal policies and practices for compliance. We work collaboratively with Blockchain leaders from other law firms, clients and the broader community to advance the industry, anticipate and address regulatory concerns and seize strategic opportunities. Our practice group focuses primarily on the Blockchain, Mining, Smart Contracts and Cryptocurrency matters. Whether you are just getting started in blockchain or have deep industry expertise, we are here to help.
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TCM and Trovio merger forms $200m crypto firm
A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. And so, certainly anticipate a certain amount of consolidation across that space. At times, the bank has seemed to favor blockchain technology over individual assets like bitcoin. To meet that growing demand, Goldman said it will revitalize its crypto trading desk , announced in , but shelved months later due to regulatory concerns. CME offers cash-settled bitcoin contracts, meaning that traders never take physical possession of the underlying asset.
The Age of Cryptocurrency: Past, Present, and Future
The blockchain industry is young and offers a lot of opportunities for companies that are able to position themselves in this turbulent phase. Companies are competing to solidify their place in the market while effectively diversifying and de-risking at the same time. One popular way of doing this is through mergers and acquisitions which is usually only for the wealthier companies in the market. Crypto Mergers and acquisitions serve multiple purposes. Some acquire businesses in foreign countries to enter that market more easily. Businesses that do not have anything to do with the core business of the acquiring company can also be purchased if there is potential for synergy or simply to diversify the company holdings. A few of the largest deals in recent history are:. Kraken acquisition of Crypto Facilities. The acquisition enabled customers to trade both futures and spot markets. Binance acquisition of Coinmarketcap.
Apifiny Announces Plans to Go Public via Merger with Abri SPAC I
Welcome to this conversation with Ricky Tan, founder of TokenData, a research organization focused on token sales and crypto mergers and acquisitions. Clay: Welcome to Flippening, the first and original podcast for full time, professional, and institutional crypto investors. Each week, we discuss the cryptocurrency economy, new investment strategies for maximizing returns, and stories from the frontlines of financial disruption. Go to flippening. All opinions expressed by Clay and podcast guests are solely their own opinion [] and do not reflect the opinion of Nomics or any other company.
Here Come the Crypto Rules
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Jamie Crawley. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
Inside Coinbase's M&A Department
After less than a month of deliberation and voting, two decentralized autonomous organizations DAO have consummated one of the biggest mergers in decentralized finance DeFi history. A total of wallet addresses participated in the election. While the merger between xDAI and Gnosis earlier this month also featured a token swap, this is the largest DAO merger featuring a governance token integration to date. In an interview with CoinDesk, Fei founder Joey Santoro said the historic deal was at times unwieldy — especially when both token holder communities initially seemed skeptical of one another — but he and Rari co-founder Jai Bhavnani were aligned in their desire to move quickly on a deal. There were two whole DAOs worth of cooks in the kitchen. In addition to requiring social consensus from the two investor communities, the merger is technically a complex one, requiring multiple custom contracts and multiple on-chain votes. According to Santoro, the ragequit function was instituted in part to appease TRIBE holders dissatisfied with the terms of the deal.
Preview 2022: Bankers' views on crypto, M&A, big tech
Our experienced blockchain lawyers understand the risks related to doing business in this uncertain regulatory landscape and have a reputation as thought leaders who structure unique transactions. If you want to learn more about how we can help you launch a regulatory compliant ICO or STO, call us today at , then check out our whitepaper and our blog. Cryptocurrency , Securities Attorneys Exchange Act.
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It now appears that a full recovery may finally be within reach, according to a survey of bankers and fintech executives, which would usher in a new post-crisis financial landscape. Despite that uncertainty, survey respondents, who ranged from CEOs and high-level executives at big, global firms to non-management employees at small community banks, offered their predictions for the industry in The survey was conducted in October by Arizent , the parent company of American Banker. It covered a broad range of issues — from when a full economic recovery might materialize to worries about inflation, how banks are planning for cryptocurrencies and potential mergers, and their outlook on technology spending and cuts to branch networks. Community Banking. Credit unions. Log In.
Investments in cryptocurrency have seen an astronomical rise over the last decade. This rise has been fueled by the growing acceptance of cryptocurrencies , like Bitcoin and Ether, among mainstream investors and companies, such as Tesla Inc. Bitcoin has also been deemed legal tender by at least one country , and others are likely to follow. An increase in the number of cryptocurrency exchanges have made it easier for the common investor to trade crypto assets.
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