Blockchain-based Future FinTech Group (FTFT.Q) entered into a non-binding equity acquisition agreement with Joyrich Enterprises Limited to acquire 51% interest in Nice Talent Asset Management Limited (NTAM) today.
Bitcoin is supposed to be a safe-haven currency. When the markets go to shit like they are today, in theory people evacuate their traditional positions and throw their money into digital currencies and other adjacent crypto-related stock, like bitcoin mining or one of the many digital asset companies offering the proximity and benefits of bitcoin without any of the hassle of actually owning any.
Getting involved in Bitcoin mining used to be as easy as kicking your little brother off of World of Warcraft long enough to log into the server and start the process. It cost little, and gave you a few neat little tokens to shore up your geek cred among your fellow nerds, and maybe your little brother could get a kickback for his time if you order him a pizza or something.
Hybrid cloud tech company Converge Technology Solutions (CTS.V) has been on a considerable M&A spree since October 2017, with its latest acquisition being Solutions P.C.D and P.C.D Consultation, which are collectively called PCD Solutions.
Allow me to be frank for a moment: in the past, plenty of blockchain companies make big claims and either fail to execute, or had no intention of executing. Sometimes it was outright duplicity, and other times it was because they got onboard without a real roadmap towards success.