Express

VCI Global Announces $2 Billion Partnership Through Sovereign-Level Cryptocurrency Infrastructure

Summary: According to globenewswire, VCI Global Limited (NASDAQ: VCIG) announced today a partnership with a digital asset holder to establish a joint venture (JV) for a sovereign-level infrastructure, backed by 18,000 bitcoins valued at over $21.6 billion at current market prices. Under the JV agreement, VCI Global will hold 70% equity and lead commercialization and infrastructure ...

According to globenewswire, VCI Global Limited (NASDAQ: VCIG) announced today a partnership with a digital asset holder to establish a joint venture (JV) for a sovereign-level infrastructure, backed by 18,000 bitcoins valued at over $21.6 billion at current market prices.

Under the JV agreement, VCI Global will hold 70% equity and lead commercialization and infrastructure management, while their digital asset partner will retain full custody and control of the bitcoin reserves.

Last Update:

Tags:
Link: VCI Global Announces $2 Billion Partnership Through Sovereign-Level Cryptocurrency Infrastructure [Copy]

Last: Circle announces Circle Gateway has officially launched on the mainnet

Next: Concordium Launches Zero-Knowledge Proof Age Verification App to Address UK Mandatory Identity Check Regulations

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 2 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 9 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 11 days ago

Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 14 days ago