CoinBR Acquires Coinverse in Latest Exchange Merger
CoinBR has acquired bitcoin banking platform Coinverse in an undisclosed deal that will find the two Brazil-based companies consolidating. Following the deal, CoinBR is looking to expand aggressively, according to chairman Rocelo Lopes, who estimated the company could purchase as many as four competitors as it seeks to create a market-leading universal bitcoin company for Brazil. Lopes indicated that CoinBR will seek to acquire a merchant processor to complement its existing mining, exchange and wallet services, a purchase made possible through profits from his bitcoin mining operations....
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Coinverse has launched a new bitcoin banking platform that aims to bring consumer and merchant bitcoin transactions and bitcoin bill payment to the broader Latin American market. The Brazil-based startup sees an unmet demand for user-friendly bitcoin solutions, asserting that its domestic competitors are better catered to experienced bitcoin users and speculative traders. Speaking to CoinDesk, Coinverse financial director Safiri Felix estimated that more than 90% of Brazilians that buy bitcoin view the technology as an investment. As such, he argues there are few existing services that....
There's a brand-spanking-new bitcoin ATM available for bitcoin enthusiasts available in Brazil, according to a Tuesday announcement from San Diego-based Genesis Coin. Deployed by Coinverse, the Genesis1 ATM is located at the Shopping Nações Unidas at the World Trade Center building in São Paulo, Brazil. Coinverse starts their operations during a time when the world's eyes are fixed on Brazil with the ongoing World Cup games. "This launch comes at an ideal time and place to bring convenience and flexibility to the large number of international tourists who will be visiting Brazil during....
Announced earlier this week, the two companies said the deal is expected to be finalized immediately, without disclosing the financial terms. BOA Exchange is a crypto exchange that has accumulated a vast user base, offering free alt tokens in airdrops and staking coins. The deal further expands the reach of Bitcoin.com exchange into the underserved Eastern European and Southern Asia marketplaces. BOA Exchange came onto the scene in 2018 during the height of the ICO craze making a name for itself in the altcoin and airdrop marketplace, offering cheap listings and a plethora of free tokens....
“We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon. Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of MATIC tokens.In a Friday announcement, Polygon said Hermez would become a part of the network’s suite of solutions under the name Polygon Hermez. The 26 people in the Hermez team as well as its tech and solutions — including work on an Ethereum Virtual Machine-compatible solution — will join the....
The merger is expected to push through as of market close on Sept. 14, with Greenidge slated to begin trading on the NASDAQ the following day. Bitcoin mining and power generation company Greenidge is set to complete a merger with customer and technical support solutions provider Support.com to become the latest publicly listed mining firm. Once the merger transaction is complete, Support.com Inc. will become a wholly-owned subsidiary of Greenidge Generation Holdings Inc. The new entity’s Class A shares will trade under the ticker GREE.According to a Sept. 13 announcement published by the....