In the Margins

Blockchain company Paxos raises $65M

May 31, 2018

By Reuters

Blockchain and cryptocurrency startup Paxos has raised $65 million from investors, including venture capital firms RRE Ventures and Liberty City Ventures. Paxos will use the cash injection to expand its operations, which include providing blockchain-based services to financial institutions, as well as operating cryptocurrency exchange and custodian itBit, the New York-based company said. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Regulatory
SEC ETF rule proposal likely on boards' fall agendas

Boards overseeing exchange-traded funds—or working with advisers that plan to enter the ETF market—are likely to spend time at their third- and fourth-quarter meetings familiarizing themselves ...

Top of the Agenda - Legal
Appeals court upholds 2016 AXA ruling

The U.S. Court of Appeals on Tuesday affirmed a lower court decision in favor of the defendants in an excessive fees case against AXA Equitable Life ...