Choose your location
CoinDesk
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.
Bitcoin Rewards App Fold Eyes Nasdaq Listing Via $365M SPAC Deal
Bitcoin rewards app Fold is planning a public listing on Nasdaq through a merger with special-purpose acquisition company (SPAC) Emerald Acquisition Corp. (EMLD). New York-based Fold offers a cashback debit card which provides bitcoin rewards instead of traditional rewards one would expect from other related products. Fold's cards have processed over $2 billion in volume and distributed more than $45 million worth of rewards, according to an announcement on Wednesday. The transaction, which has been unanimously approved by the boards of both firms, will have a pre-money equity valuation of $365 million. The post-transaction entity will also have more than 1,000 BTC ($67 million) on its balance sheet. Fold has not yet disclosed the expected closing of the merger nor the ticker it will trader under on Nasdaq.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.