Paxos acquires Finnish electronic money institution Membrane Finance

Golden Finance reported that Paxos, a blockchain and tokenization infrastructure platform, has announced its agreement to acquire Membrane Finance, a licensed electronic currency institution in Finland. The transaction is subject to regulatory approval, and upon completion, Paxos will obtain electronic currency institution (EMI) licenses in Finland and the European Union.

Comments

All Comments

Recommended for you

CointimeSG ·

State of Pyth Q3 2024

Pyth (PYTH) is an oracle network that aims to offer accurate prices for cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities. Oracle networks aggregate external data and make it available for onchain application use. Pyth fosters a network of first-party (primary source and aggregator) data providers and coordinates a “pull” oracle model. This model scales price feeds across many chains and lowers network costs by offloading update fees to data consumers (applications and developers). Pyth offers four core products:
CointimeSG ·

State of The Graph Q3 2024

The Graph is an indexing protocol that provides onchain data — such as DeFi transactions and liquidity pool data — from various sources. The Graph removes the need for data consumers (e.g., app developers) to build complicated infrastructure to get onchain data. Instead, data consumers pay to query custom APIs — called “subgraphs” — of onchain data via the GraphQL API. Subgraphs define a data schema to be indexed, making that data queryable. Subgraphs can be developed and queried by anyone.
CointimeSG ·

Riding the Liquidity Tide

Bitcoin continues to relentlessly establish new ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days. As the market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.
CointimeSG ·

MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings

It follows MicroStrategy's Monday purchase of another $4.6 billion worth of Bitcoin, bringing its total holdings to 331,200 BTC.
CointimeSG ·

A16z-backed Forta launches Firewall to help prevent smart contract exploits

Forta has launched Firewall, a new web3 security tool designed to identify and prevent smart contract exploits. Forta raised $23 million in 2021 and is backed by a16z, Coinbase Ventures and others.
CointimeSG ·

Laptop Used to Trace Bitcoin Stolen From Bitfinex Headed to Smithsonian

A 2019 MacBook Pro is being put in a museum about the U.S. monetary system as it helped seize $3.6 billion worth of Bitcoin.
CointimeSG ·

Italy's Lawmakers Oppose Crypto Tax Increase in Budget Proposal

Economy Minister Giancarlo Giorgetti proposed raising cryptocurrency capital gains taxes from 26% to 42%. A section of legislators is now opposing the steep tax hike, suggesting a cap of 28%.
CointimeSG ·

Magic Eden Traders Set to Receive $312 Million Worth of ME Tokens in Airdrop

Pre-market prices for the ME token are surging, putting the potential value of the airdrop for Magic Eden traders above $300 million.
CointimeSG ·

BlackRock's BUIDL token first to go live on Securitize's new platform for minting 'synthetic dollars' while still earning RWA yield

Securitize has introduced a new way to gain liquidity from real-world assets while still earning yield called the “sToken.”
CointimeSG ·

Bitcoin ETF Options Debut With Strong Trading Volumes on Nasdaq

73,000 iShares Bitcoin Trust ETF contracts were reportedly traded within the first hour of its listing. The introduction of Bitcoin ETF options is expected to encourage the creation of new funds with diverse strategies.