Tag: finance

Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant

This strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of tokenized products has announced an agreement in principle to acquire Membrane Finance, a blockchain infrastructure company, subject to regulatory approval. With this acquisition, Paxos is […] Source CryptoX Portal

Fintech Startup Raises $1.5M to Democratize Maritime Finance

Maritime fintech startup Shipfinex secured $1.5 million in seed funding to democratize maritime finance through blockchain-enabled fractional ownership of maritime assets. Democratizing Maritime Finance Shipfinex, a maritime fintech startup, recently announced it has secured $1.5 million in seed funding. Gaurav Mehta, chairman of shipping asset trader Best Oasis Limited and Dubai-based company SPM Shipping DMCC, […] Source CryptoX Portal

Binance Exec Predicts Crypto Surge With Bitcoin Poised to Reshape Global Finance

Bitcoin and crypto are at a pivotal moment, says a Binance executive, with record highs signaling growing adoption, stability, and expanding global financial influence. Beyond the Peak: Binance Reveals What’s Next for Crypto and Bitcoin’s Global Influence Binance’s head of regional markets, Vishal Sacheendran, offered his outlook for the crypto industry on Thursday, following bitcoin’s […] Source CryptoX Portal

Dos and Don’ts: Finance Minister Explains Russia’s Cryptocurrency Strategy

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Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case for crypto. Finance Minister States Russia’s Cryptocurrency Strategy Focuses on International Settlements Russia is now in the process of defining the […] Source

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic […] Source CryptoX Portal

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […] Source CryptoX Portal

Web3 Markets in Infancy, Viewed as ‘Lottery’ by Investors, Says Finance Veteran

Web3 markets remain in their early stages, with many participants viewing them as a “lottery,” according to Artur Guliński, co-founder of Orbitt. This trend is particularly evident in blockchain ecosystems where meme tokens hold significant influence, Guliński, a market dynamics and behavior focused trader, observes. According to the co-founder, these features are what currently distinguish […] Source CryptoX Portal