Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today,Tron is rumored to acquire BitTorrent for US$ 140 million. Square obtains virtual currency license in New York.
Justin Sun, the founder of Tron, is rumored to have approached BitTorrent about a potential acquisition late last year. Tech Crunch is reporting the possible closing of the deal for US$ 140 million. The deal has not been finalized and, shareholders have not signed off.
The company has obtained a virtual currency license in New York, allowing users of Squares Cash app to trade Bitcoin. The feature went live in other markets earlier in the year but was unavailable to users in New York.
The MSX Fintech Accelerator Programme aims to incubate the increasing number of fintech and crypto startups flocking to the island nation. The program provides access to resources such as accounting services, office space, and training.
Sergio Ermotti, the CEO of UBS Group, does not see value in bitcoin but the underlying blockchain technology. He views the blockchain as a method for reducing costs in an industry where gross margins are constantly under pressure.
Buy Bitcoin, Ethereum, and other digital currencies on Coinsquare, Canadas most secure trading platform.
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