Daily Archives: 16/05/2022

Chainalysis doubled its market value thanks to an investment round

Chainalysis, an analytics company that provides government agencies with services and tools for tracking blockchain transactions, has raised a $170 million investment. The Chainalysis investment round has taken over as the head of Singapore’s GIC wealth fund, The Information reported. Thanks to the funding, the company is valued at $8.6 billion, making it one of the most expensive cryptocurrency projects. GIC Private Limited is a fund that, according to Bloomberg, owns more than $100 billion…

Japanese SBI buys a direct competitor of its cryptocurrency division

One of the four Japanese financial giants, the SBI Group will acquire a majority stake in the cryptocurrency trading platform BITPoint Japan. The cryptocurrency exchange has long been a competitor of the giant’s cryptocurrency division – SBI VC Trade. SBI buys 51% stake in BITpoint from Remixpoint for a total of $98.6M. BITPoint is now valued at over $193M. As a result of the transaction, SBI will receive 5% of Remixpoint shares. At the same…