Phantom Acquires Blowfish to Boost Wallet Security
Phantom has acquired the web3 security platform Blowfish, the non-custodial cryptocurrency wallet for decentralized finance and non-fungible tokens on Solana. The cryptocurrency wallet, which is situated in Solana, revealed the transaction on November 19 and stated in a blog post that the measure is intended to increase wallet customers’ security. The Blowfish team, renowned for […]
Paxos to Acquire E-Money Institution Membrane Finance
With a new agreement for Finland-licensed E-money platform Membrane Finance, Paxos hopes to increase its footprint throughout the EU. In an announcement on November 19, Paxos, the company that generates stablecoins, including Pax Dollar, PayPal USD, and Pax Gold, revealed the possible agreement. The report states that the acquisition of Membrane Finance will aid Paxos’ […]
Chainlink, Microsoft, Others Partner for Brazil’s CBDC Pilot
Brazil’s central bank, Banco Central do Brasil (BCB), has initiated phase two of its Drex central bank digital currency (CBDC) pilot, leveraging Chainlink’s CCIP and Microsoft’s cloud infrastructure. Phase two aims to develop a trade finance solution that employs blockchain technology and oracles. Microsoft, Chainlink, Banco Inter, and 7Comm collaborate on the initiative to investigate […]
Bitfinex, NexBridge Partner to Launch Tokenized US Treasury Bills in El Salvador
Bitfinex Securities and NexBridge have partnered to offer tokenized US Treasury bills in El Salvador, blending traditional finance with blockchain. US Treasury Bills in El Salvador Bitfinex Securities and NexBridge, a digital asset issuer that specializes in the tokenization of financial assets, have partnered to provide the first tokenized US Treasury bill in El Salvador. […]
Coinbase to Delist WBTC After Compliance Review
Coinbase will delist wrapped Bitcoin (WBTC) due to unmet compliance standards, halting trading but keeping user funds accessible. Recently, Coinbase disclosed that the bundled Bitcoin (WBTC) pairs would be delisted imminently. This decision was made in response to a review of the platform’s asset listing standards, which may have been noncompliant. Consequently, users will still […]