Blockchain 

Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share. According to Diginex’s CEO Richard Byworth the deal is set to ensure “broader market…

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Bitcoin 

Reverse IPOs Slowly Growing as Cryptos Look to Go Public in the Long Bear Market

In a transaction that has all the hallmarks of a reverse initial public offering (IPO) — also called a reverse merger — OKC Holdings Corp., which is the parent company of OKCoin and OKEx (the world’s second-largest cryptocurrency exchange by trading volume) bought a controlling share in Leap Holdings Group on Jan. 14. Leap Holdings is a construction company listed on the Hong Kong Stock Exchange (HKEX), with a market cap of 978 million Hong Kong dollars ($124.7 million). OKC Holdings bought 3,182,790,001 shares at a price of HK$0.1520 ($0.019)…

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Blockchain 

Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.

Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22. According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO). Should the reverse…

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Blockchain 

Crypto Project Says It Can Reverse Transactions and Recover Accounts Without Private Keys

A startup which bills itself as “blockchain’s financial district” has launched its network — and says its debut heralds “the beginning of true financial freedom.” WORBLI enables businesses and individuals to enjoy “seamless access to financial services,” and paves the way for developers to build their own applications on its network. Its ecosystem uses EOSIO software, with the startup’s team saying this unlocks a series of benefits. Firstly, users benefit from fast and feeless transactions, allowing applications on the network to operate without bottlenecks and delays — and they also…

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