Business News

CDPQ, one of the biggest Canadian pension funds, has officially written off the $150 million investment it made in the now bankrupt crypto lender, Celsius. The company is not expecting to receive any of that sum back. CDPQ’s representative stated that the company has underestimated the challenges of dealing with crypto, which is yet again […]

The acquisition deal that was looking to be one of the most expensive ones in the crypto industry is now terminated, as Galaxy Digital pulled out of the BitGo purchase. In May 2021, Galaxy Digital, a crypto investment firm, announced its plans to purchase the crypto custodian company, BitGo, in a deal worth $1.2 billion. […]

Coinbase shares dropped 9% after Goldman Sachs’ report downgraded the company. Coinbase share’s value is now $56.88. Goldman Sachs is a leading investment bank and financial services company. Its analyst, Will Nance, lowered Coinbase’s price target in his report, from $70 to $45. America’s largest crypto exchange rating was also downgraded from “neutral” to “sell”. […]

The blockchain company VeChain is the first Web3 institution to sign a sponsorship deal with UFC. The deal is valued at almost $100 million. The VeChain’s logo will be displayed in the Octagon arena for the first time in the Teixeira vs. Prochazka match on Saturday. VeChain is a public network compatible with Ethereum. It […]

Billionaire and inventor Elon Musk bought Twitter for $44 billion and fueled the rise of DOGE Coin crypto.

PayPal in Ukraine is now fully operational and Ukrainian cards can already be linked to the PayPal accounts.