Online gaming and fantasy sports operator MGT Capital Investments has signed a letter of intent to merge with Tera Group, owner of the TeraExchange swap execution facility, in what will create the first publicly-traded Bitcoin derivatives exchange in the US.
The companies have set a deadline of March 16th to reach a definitive agreement on a merger, with MGT likely to pay Tera’s current owners with shares of its common stock, representing around 70 per cent [...]
