Metacade’s Highly Anticipated MEXC Listing Confirmed For 4th May

London, United Kingdom, May 3rd, 2023, Chainwire

Metacade, the exciting new play-to-earn GameFi platform, continues its ascent as one of the most promising prospects in the space after announcing their listing date for MEXC Exchange at 09:00 UTC on the 4th May.

MEXC is one of the go-to platforms for new traders and experienced investors, with the latest listing coming as welcome news to Metacade backers. The platform currently ranks at 15th largest in the world for trading volume, with the last 24 hours having seen over $1.1 billion volume in trades. With over 6 million users in 200 countries, the decision to list on MEXC seems well calculated. This bodes well for the 9,000+ holders currently invested in MCADE.

Russell Bennett, CEO of Metacade, said, “I’m delighted that we’re listing on such an established and well-renowned platform like MEXC. The confidence that we’re getting from the industry is hugely motivating and fuels our desire to create something like never before. This is our largest listing yet by some miles, and there will be more big things coming soon!”

The MEXC listing follows other big listings on both Uniswap and BitMart in April. At the time of issuing this statement, Metacade is $0.04139 according to CMC, which is 195% above the average presale purchase price.

The confidence in Metacade has strong foundations; Metacade received a perfect 99/99 score on the decentralized cryptocurrency market analysis platform, DEX Tools, making it one of the more trustworthy and secure cryptos available.

Sentiment was further enforced with Metacade’s news that it is on track to deliver Metacade Lite in May, which will offer users the first experience of the app UX, with a selection of both Web2 and Web3 games. 

With Metacade being listed on MEXC, Bennett is optimistic about the future. “This is another step in the right direction and I’m sure this will have a positive impact on Metacade as it solidifies our position in the market and our reputation as one of the most exciting and promising projects in the space.”

About Metacade

Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.

Metacade will be the one-stop destination for users to play, earn and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged decentralized autonomous organization (DAO), evidencing its commitment to people-led gaming.

Website | Whitepaper | Socials


Russell Bennett


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Bitcoin Miner Rhodium Plans to List on Nasdaq through Reverse Merger

Bitcoin miner Rhodium Enterprises is planning to list on Nasdaq under the ticker “RHDM” through a reverse merger with business consulting firm SilverSun Technologies Inc., Bloomberg reported on Sept. 30.

The deal is scheduled to close by the end of this year, and investment bank B. Riley will serve as Rhodium’s financial advisor.

Rhodium, one of the few major Bitcoin miners that use a proprietary liquid-cooling system, has been seeking a listing since last year that delayed its debut in the $1.5 billion to $1.7 billion valuation range on the Nasdaq earlier this year due to a sharp drop in the price of cryptocurrencies such as Bitcoin (BTC) plans for a public offering.

According to the official filing, SilverSun shareholders will receive a cash dividend of at least $1.50 per share, for a total of $8.5 million and additional stock dividends.

Under the merger agreement’s terms, Rhodium will also create stock in a new subsidiary that incorporates SilverSun’s traditional business. SilverSun’s board members will continue to serve after the transaction closes.

Rhodium CEO Chase Blackmon said in a statement that:

“We believe access to U.S. capital markets is paramount to sustainable, long-term success in our capital-intensive industry. We believe this strategic transaction will unlock long-term accretive value for Rhodium’s shareholders.”

Rhodium, which recently closed an $11.9 million financing round, plans to raise $30 million through debt, options, and securities, according to SEC filings earlier this month.

The company had planned to issue 7.69 million shares for $12 to $14 apiece, according to IPO documents filed with the SEC in January.

Texas-based Rhodium mines bitcoins on its own using “proprietary liquid-cooled mining technology,” allowing it to average $2,507 in electricity bills per bitcoin it mines throughout 2021, according to the company’s website.

For the nine months ended Sept. 30, Rhodium recorded a net income of $46.1 million, or $0.10 per share, on revenue of $82.1 million.

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Galaxy Digital Terminates BitGo Acquisition, But Still Eyes Listing on Nasdaq

Galaxy Digital, one of the leading crypto financial services providers, has announced its plans to terminate the proposed acquisition of crypto infrastructure service provider, BitGo. 


The deal is billed to be completed in the first quarter of this year, as reported earlier by Blockchain.News, but Galaxy Digital said it had to terminate the acquisition as BitGo did not fulfil some of the terms of the acquisition.

According to Galaxy Digital, BitGo has refused to deliver its audited financial statements for 2021 that comply with the requirements of our agreement. Per the announcement, this financial statement was due by the end of July this year. The company said would be no termination fee associated with the broken partnership and acquisition.

“Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner. We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions,” said Mike Novogratz, CEO and Founder of Galaxy.

While it revealed the deal’s termination, Galaxy Digital said it still plans to go public in the United States and eventually trade on the Nasdaq Global Select Market. The proposed listing was pushed to this year. Despite the onslaught in the digital currency ecosystem, the firm said the loss is now dependent on the completion of the SEC’s review and subject to stock exchange approval of such listing.

BitGo came off as a very well coveted startup for prominent players in the digital currency ecosystem at a time. Prior to the time when Galaxy Digital submitted its bid for the company, there were reports that Paypal also had its eye on the firm, as it was making its way into the digital currency ecosystem with new product suites back in 2020.


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Japan’s Coincheck to List on Nasdaq via SPAC Merger with $1.25 Billion Valuation

Coincheck, a major crypto wallet and exchange service in Japan, announced Tuesday that it plans to go public in the U.S. by merging with blank-check firm Thunder Bridge Capital Partners IV Inc. - 2022-03-23T153252.658.jpg

The merger is scheduled to be completed in the second half of 2022, which will see the combined entity listed on the Nasdaq Global Select Market under the ticker “CNCK.”

The proposed transaction is set to give the combined entity a valuation of about $1.25 billion.

Before expenses and assuming there are no redemptions by shareholders, Thunder Bridge will offer $237 million in cash to the combined company.

Coincheck is 94.2% owned by Japanese online brokerage Monex Group Inc, which will retain all the existing entities at closing, representing ownership of about 82% in the new entity.

Once the closing is done, Gary Simanson, the CEO and President at Thunder Bridge, will become the CEO of the combined company.

Building Innovation Capability for Service Delivery

Founded in 2014 and headquartered in Tokyo, Coincheck is a marketplace for buying and selling cryptocurrencies and an exchange for digital assets like non-fungible tokens. The exchange has about 1.5 million customers.

In January 2018, Coincheck was hacked, and approximately 500 million NEM tokens ($530 million) were stolen. As a result, the digital money heist prompted The Financial Services Agency, Japan’s financial regulator, to tighten regulatory scrutiny. The agency not only ordered Coincheck to improve its security practices but also called for an improvement in the risk management infrastructure of all other crypto exchanges in the country.

In April 2018, Coincheck was acquired by Monex Group for 3.6 billion yen (US 33.4 million). The acquisition was a reaction to the NEM hack, as Coincheck recognized that it needed to strengthen its management system and organization. The move directly responded to Japan’s Financial Services Agency, which requested the exchange to make changes following the January hack — which saw Coincheck compensating the affected users.

During that, Monex Group cited hopes to hold an IPO (initial public offering) of Coincheck shares at a future date. The plan is currently being actualized through the ongoing efforts to list the exchange on the Nasdaq stock exchange through a special purpose acquisition with Thunder Bridge Capital.

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Fintech MoneyLion Adds Crypto Trading with $1M Prize Before IPO

Financial technology company MoneyLion added cryptocurrency services to its integrated financial service application before its public listing, allowing its clients to freely buy and sell Bitcoin (BTC) and Ethereum (ETH).

MoneyLion revealed that this feature would be officially launched on October 5.

To promote and commemorate this cryptocurrency service, MoneyLion has set up a cryptocurrency prize pool with a total value of $1 million. Any new and regular customers who join this service between September 16 and October 5 can participate in this prize pool.

“At the end of the promotional period, the entire pool funds will be equally distributed to all registrants,” said by MoneyLion according to the press release by Globe Newswire.

MoneyLion CEO and co-founder Dee Choubey said on Monday that joining the “emerging asset class” such as cryptocurrency is a supplement to financial products and services, and believes that it is a reasonable extension of the current MoneyLion application, stating that:

“We view the new cryptocurrency offering as an important part of the MoneyLion platform, which includes banking, lending and investing solutions along with tools to help our customers better manage their finances, all in one app.”

Reportedly, MoneyLion will add additional cryptocurrencies for trading on its platform shortly.

MoneyLion stated that the platform will not charge transaction fees but will earn the exchange rates through converting cryptocurrencies and U.S. dollars while allowing customers to use Bitcoin to purchase their debit cards.

Founded in 2013, MoneyLion is a mobile banking and financial membership platform. It will merge with Fusion Acquisition Corp through a Special Purpose Acquisition Corporation(SPAC) on September 22 and officially land on the New York Stock Exchange under the stock code of “ML”.

MoneyLion is estimated to value at $2.9 billion in this listing, and it will compete and grow together with well-known financial technology companies SoFi, Robinhood and Square’s Cash App.

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Aussie Bitcoin miner to reportedly raise $200M ahead of Nasdaq listing

Iris Energy, a Sydney-based Bitcoin (BTC) mining firm that invests in data centers powered by renewable energy sources, reportedly plans to raise new funds ahead of the expected Nasdaq listing.

Bloomberg reported that the new fundraising round is looking to raise roughly $200 million to prepare for the United States exchange listing. Iris Energy has already met with prospective investors and plans to go for the Nasdaq listing before the end of the year.

The report calls up earlier talks on special purpose acquisition companies (SPACs), which would enable a potential U.S. listing aimed at $300–$500 million for the green energy BTC miner. However, Iris Energy now prefers a private placement or raising funds by offering equity shares instead of a SPAC deal, since the latter would have diluted the existing investors’ stakes.

Iris Energy started its initial public offering (IPO) journey long before green mining in Bitcoin became a hot debate. The company secured $19.5 million in equity funding and $3.9 million in debt during its first pre-IPO funding round in December 2020.

Related: Bitcoin mining difficulty drops for fourth time in a row

A 13 million Australian dollar ($10 million) commitment from equity manager outfit Platinum Asset Management allowed Iris to increase its second pre-IPO target to 40 million Australian dollars ($31 million) from the initial 20 million Australian dollars set earlier in mid-February.

At the time, Cointelegraph reported that Iris Energy is getting set to apply to the Australian Securities Exchange for an IPO. New funds would enable Iris Energy to upscale its capacity by investing in 500 megawatts data centers across the United States, Canada and several countries in the Asia-Pacific region.