Institution for Savings

Visa | July 29, 2020

Visa Inc. (NYSE: V) has been notified of an unsolicited “mini-tender offer” by Ponos Industries LLC to purchase up to 1 million shares of its Class A common stock, representing approximately 0.06% of Visa’s outstanding shares of Class A common stock. Ponos’ offer price of $210.00 is 9.06% above the closing price of Visa’s Class A common stock on July 10, 2020, the last trading day prior to the date of the offer. While this price is presently above the current market...

Bitcoin and Crypto

FTX | June 20, 2022

The premier crypto-asset trading platform, FTX Trading Limited (FTX), announced the acquisition of Bitvo, an emerging Canadian crypto-asset trading platform. The acquisition marks another feather in the cap for FTX, whose global footprint has now expanded into Canada. FTX’s mission is to provide its premier solutions to a global customer base. We are delighted to enter the Canadian marketplace and continue to expand FTX’s global reach. Our expansi...

Investment Management

IDEX | December 03, 2021

IDEX, a leading decentralized cryptocurrency exchange (DEX), has announced the launch of its v3 Hybrid Liquidity DEX on Polygon. The launch of the world’s first hybrid liquidity DEX aims to alleviate the primary shortcomings within the DEX ecosystem, including front-running, slippage, and sandwich attacks, while also protecting users from the surging gas fees on the Ethereum network. The innovative exchange design offers crypto traders a unique trading experience with the familiar features...

AltFi | July 30, 2020

Just hours after TransferWise announced a massive $319m secondary share sale that saw the company valued at $5bn, rival remittance fintech Remitly has swiftly followed suit. The fintech announced the closure of an $85m funding round, which was led by Prosus’ PayU, and which saw the fintech valued at $1.5bn yesterday afternoon. Other existing investors in the round include, DN Capital, which has invested in fintechs such as BNext and Raisin, Generation Investment Management, of which former...