Deal Financial News

BCB Group’s founder and CEO, Oliver von Landsberg-Sadie comments: “Whilst we still believe in the team at Sutor and their innovative platforms, ultimately we recognise that in today’s market, unrecognisable compared to the 2021 market, we can each serve our clients on our own foundations more effectively than via the deal originally agreed.

UBS has named the leaders of its investment bank after the completion of its merger with cross-town rival Credit Suisse.

BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.

UBS has struck a deal with the Swiss government to protect it from billions in potential losses when it acquires Credit Suisse.

A London developer is denying claims from a Boston hedge fund, that it reneged on a deal over joint acquisition of a part of the city's Royal Albert Dock.

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.

While many celebrate Bitcoin (BTC)’s plethora of new applications related to its new “Ordinals” protocol, developers maintaining the network’s source code are in disarray on the matter. 

Microsoft has reportedly signed a deal with former Ethereum miner CoreWeave to use its cloud computing infrastructure to support its Artificial Intelligence-powered services.

The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team.

Decentralized finance (DeFi) platform Jimbos Protocol has offered 10% of the exploited funds to the general public after giving the hacker some days to respond to the deal. 

Goldman Sachs is preparing a third round of layoffs in the space of a year as the ongoing deal drought is forcing investment banks to cut costs.

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson.

The team behind exploited decentralized finance (DeFi) app Jimbos Protocol has offered a deal to the app’s exploiter: Keep 10% of the funds and return the other 90%, or face prosecution. Otherwise, the team “won’t stop” until the attacker is “behind bars.” The proposed deal was disclosed in a May 28 tweet by the Jimbos team and posted to the Ethereum network.

cryptocurrency markets were trading higher on Monday amid optimism over the US debt ceiling deal. Bitcoin (BTC) rose 2.55% to $27,927, while Ethereum (ETH) was above the $1,900 level. «Most cryptocurrencies traded in green over the weekend after markets reacted to the White House announcing that a deal to avert a debt ceiling crisis has been reached on one side and the release of higher-than-expected latest personal consumption data from the US on the other side,» Edul Patel, Co-founder and CEO at Mudrex, said. «Currently, Bitcoin is seen trading above the US$28,000 level gaining over 3% in the past 24 hours and erasing its weekly losses. If BTC can clear the US$28,500 resistance zone, it might continue higher soon,» Edul added. The total volume in DeFi stood at 2.30 billion, 6.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.6 billion, which is 91.07% of the total crypto market 24-hour volume.

The US debt ceiling has been one of the hottest topics in crypto over the past few weeks. 

In a deal by President Joe Biden and Republican House Speaker Kevin McCarthy to raise the US debt ceiling, there is one part notably absent — a tax on cryptocurrency mining.

As Shiba gains 3% within 24 hours, predictions for its price are being made. Many speculate whether the potential US debt ceiling deal will drive SHIB to reach $1. 

United States president Joe Biden and Republican Kevin McCarthy have reportedly reached a "tenative" agreement to raise the federal government's $31.4 trillion debt ceiling.

A segment on Chinese state television about crypto has caught the attention of the cryptoverse, with Binance CEO Changpeng Zhao (CZ) pointing out that similar reporting in the past has triggered bull runs.

Italian lender Mediobanca said it is on the lookout for more acquisitions, less than a week after unveiling a tie-up with technology boutique Arma Partners in a deal that is expected to boost its dealmaking fees by 30%.

Making it big in the US is tough for any European services firm. Just ask the investment banks.