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Ripple announces stock buyback, nabs $15 billion valuation

Ripple announces stock buyback, nabs $15 billion valuation

advertisement Distributed ledger tech company Ripple has nabbed a $15 billion valuation after a private stock buy-back, the company said Monday.  The company is repurchasing equity shares from investors in its Series C, which includes Tetragon, a company that unsuccessfully sued Ripple last year. At the time of the previous raise, Ripple’s valuation stood at …

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Crypto stock plunge could pump the brakes on IPO and deal market

Crypto stock plunge could pump the brakes on IPO and deal market

“Being a public company seems like a total blast.” Barry Silbert, chief executive of crypto power-house DCG, was of course sarcastic in his January 21 tweet; it’s been a brutal period for publicly traded companies in the digital asset market amid the ongoing rout in liquid tokens.  Shares in Robinhood, the popular brokerage app company, …

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DCG sells $700 million in stock deal, nabbing $10 billion valuation

DCG sells $700 million in stock deal, nabbing $10 billion valuation

advertisement Add Digital Currency Group (DCG) to the list of crypto company deca-unicorns.  The firm, which is the owner of asset management firm Grayscale and trading firm Genesis, has sold $700 million worth of shares in a secondary investment round. Participants in the deal included SoftBank Group, Ribbit Capital, and Capital G.  None of the …

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SEC Approves Volt Equity’s Crypto Stock ETF

SEC Approves Volt Equity’s Crypto Stock ETF

The U.S. Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) that aims to provide investors with exposure to publicly traded companies with exposure to bitcoin. According to a prospectus filed Oct. 1, the Volt Crypto Industry Revolution and Tech ETF will track the performance of so-called “Bitcoin Industry Revolution Companies” – publicly listed …

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Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1

Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1

While the Securities and Exchange Commission (SEC) deliberates the potential approval of VanEck’s bitcoin and ether exchange-traded funds (ETFs), the company is moving forward with two exchange-traded products (ETPs) abroad.  On June 1, VanEck will list its Vectors Bitcoin exchange-traded note (ETN) and Vectors Ethereum ETN on the Dutch and French portions of Euronext, the company …

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German finance regulator issues warning about Binance's stock tokens offering

German finance regulator issues warning about Binance’s stock tokens offering

Germany’s Federal Financial Supervisory Authority, or BaFin, said in a translated version of a notice published Wednesday that it “has reasonable grounds for suspecting” that crypto exchange Binance may be in violation of the country’s securities laws in connection with its recently announced stock tokens service. As previously reported, Binance went live with a tokenized …

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