Nasdaq moves into crypto via acquisition
The world-famous, New York-based NASDAQ stock exchange has started to acquire a crypto-related business in Sweden called Cinnober for $190 million. The offer, which is 22% above the regular trading price for Cinnober, has already been recommended for acceptance by the Cinnober board, and is expected to be completed before the end of the year.
The firm will bring crypto expertise to the exchange, along with its BitGo virtual coin wallet and its specialized TRADExpress, which is a crypto trading service for exchanges. In April, Nasdaq CEO Adena Friedman said the company would consider a crypto trading desk once the market had matured a little more, and recently they also announced the launch of a AI assisted virtual coin prediction tool.
Japanese Zaif exchange hacked for $60 million
The giant Japanese crypto exchange Zaif has announced that it had been hacked for $60 million but kept the news under wraps for five days before going public. The theft occurred from one of the exchange’s hot wallet...
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