Siamak Masnavi

Jan 16, 2025 | cryptoglobe.com | Siamak Masnavi

In what can perhaps best be described as an unusual Series B fundraising round, Komainu, a Jersey-headquartered crypto custody firm, is set to receive — regulatory approval — a $75 million investment in BTC from Blockstream, a Bitcoin-focused crypto-financial infrastructure firm. According to a press release shared with CryptoGlobe, Komainu is backed by crypto firm Laser Digital, which is a subsidiary of Japanese financial services Giant Nomura.

Jan 13, 2025 | coindesk.com | Siamak Masnavi |Aoyon Ashraf

MoonPay's acquisition of Helio is reportedly valued at $175 million. By Siamak Masnavi|Edited by Aoyon Ashraf Jan 13, 2025, 9:14 p.m. UTCMoonPay, a crypto infrastructure service provider, has bought Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million. The Miami-based company aims to expand its trading and marketplace volume using Helio's products.

Jan 8, 2025 | cryptoglobe.com | Siamak Masnavi

The Nation, an English-language news outlet based in Thailand, reported on Jan. 8 that Thailand’s Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled a pilot project to test cryptocurrency as an alternative to cash in Phuket. According to The Nation, the initiative aims to make it easier for foreign tourists to use digital assets for payments while visiting the popular tourist destination.

Jan 8, 2025 | cryptoglobe.com | Siamak Masnavi

On Jan. 7, Ripple President Monica Long discussed her company’s strategic direction during an interview with Bloomberg TV. She highlighted Ripple’s ongoing efforts to increase the distribution and availability of Ripple USD (RLUSD) across additional exchanges, indicating that further developments and announcements are expected imminently. Long emphasized the growing demand for stablecoins, which she anticipates will see substantial growth over the next year.

Jan 6, 2025 | cryptonews.bizlim.com | Siamak Masnavi

Backpack Exchange is set to expand its presence in the European Union (E.U.) cryptocurrency market, following its acquisition of FTX EU. The deal, approved by the Cyprus Securities and Exchange Commission (CySEC) and the FTX bankruptcy court, enables Backpack to relaunch the MiFID II-licensed entity as Backpack EU, with plans to offer a full suite of regulated crypto derivatives later in the first quarter of 2025.