merger
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Blockchain Moon Acquisition Corp. Announces its Dissolution and Liquidation
On April 22nd, Blockchain Moon Acquisition Corp. (BMAC) announced today that due to its inability to complete the initial business merger within the period required by its revised
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Ultrasound.money data reveals a sharp decrease in Ethereum supply post-merger
According to reports, Ultrasound.money data shows that Ethereum\’s supply has decreased by over 100000 units since the merger, and the current supply has decreased to 100134.11 ETHs
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Bitdeer’s Merger: What It Means for the Future of Mining
On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders\’ meeting
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Canadian Cryptocurrency Trading Platforms Merge and Surge: WonderFi, Coinsquare, and CoinSmart Join Forces
According to reports, Canadian cryptocurrency trading platforms WonderFi (WNDR), Coinsquare, and CoinSmart have announced a merger to form one company. The three trading platforms
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Understanding the Recent Decrease in Ethereum Circulation
According to reports, according to data from ultra sound. money, the circulation of Ethereum has decreased by 68400 pieces since the merger, with a current decrease of about 68471.
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UBS to Acquire Credit Suisse with Swiss Government Mediation
According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…
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Table of Contents
On March 20th, the Chairman of Credit Suisse responded to the news that Credit Suisse would be acquired by UBS Group for 3 billion Swiss francs. A merger is the best outcome.
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Credit Suisse and UBS Merger: Regulators and Banks Step up Efforts
According to reports, the Financial Times quoted people familiar with the matter as saying that Credit Suisse, UBS and their main regulators are stepping up efforts to reach an agreement on the historic merger of Switzerland’s two largest banks, which will be reached as soon as Saturday evening. The Swiss Central Bank and the Swiss Financial Market Supervisory Authority (Finma) have stated to their international counterparts that they believe that reaching a deal with UBS is the only option to prevent the market from collapsing in confidence in Credit Suisse. Regulators in the United States, Britain, and Switzerland are considering the legal structure of the transaction, as well as several concessions UBS is seeking. People familiar with the matter: UBS and Swiss regulators will complete the transaction with Credit Suisse as soon as Saturday evening Analysis based on this information:Reports have emerged suggesting that Credit Suisse and UBS, Switzerland’s two largest banks, are on the verge of reaching a historic…
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UBS Group may acquire Credit Suisse Bank as regulators encourage merger
According to reports, according to British media local time on the 17th, UBS Group, another major Swiss bank, is discussing a full or partial acquisition of Credit Suisse Bank. The report quoted several sources as saying that the acquisition plan was encouraged by Swiss banking regulators. The boards of directors of the two banks will meet this weekend to discuss relevant matters. The two banks have not yet commented on this report. British media: UBS Group is negotiating to acquire Credit Suisse Bank Analysis based on this information:According to recent reports, UBS Group, one of Switzerland’s leading banks, is in discussions to acquire Credit Suisse Bank, either in full or in part. Several sources state that the acquisition plan is being encouraged by Swiss banking regulators, suggesting that this move could have wider implications for the country’s financial sector. The boards of directors of both banks are set to meet this weekend to discuss the potential acquisition and its related…
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Hut 8 Mining Gets Merger Approval from Canadian Regulators
It is reported that the Canadian regulatory authority approved the merger of Hut 8 Mining and US Bitcoin (USBTC), a mining company. Jamie Leverton, Chief Execut
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Ethereum Circulation Volume Plummets
On March 1, according to the data of ultra-sound.money, the circulation volume of Ethereum has decreased by more than 40000 pieces for the first time since the…