BTC $86,445.39 +1.91%
ETH $2,727.33 +1.46%
BNB $794.75 +1.04%
XRP $1.52 +2.05%
SOL $121.41 +1.25%
TRX $0.3353 -0.06%
DOGE $0.0958 +3.15%
ADA $0.2592 +6.11%
BCH $318.19 -0.24%
LINK $14.24 +0.71%
HYPE $90.71 +1.17%
AAVE $178.73 -1.81%
SUI $1.20 +2.42%
XLM $0.2246 +3.98%
ZEC $1,351.46 +3.11%
AAPL $333.31 +0.01%
AMZN $252.12 -0.06%
GOOGL $344.38 +0.14%
MSFT $517.46 -0.05%
META $728.95 -0.23%
NVDA $235.67 +0.29%
TSLA $373.66 +0.63%
SNDK $1,732.35 +0.82%
INTC $118.48 +0.73%
SPCX $160.83 +1.09%
MU $1,077.99 +0.90%
AMD $640.50 +1.11%
BTC $86,445.39 +1.91%
ETH $2,727.33 +1.46%
BNB $794.75 +1.04%
XRP $1.52 +2.05%
SOL $121.41 +1.25%
TRX $0.3353 -0.06%
DOGE $0.0958 +3.15%
ADA $0.2592 +6.11%
BCH $318.19 -0.24%
LINK $14.24 +0.71%
HYPE $90.71 +1.17%
AAVE $178.73 -1.81%
SUI $1.20 +2.42%
XLM $0.2246 +3.98%
ZEC $1,351.46 +3.11%
AAPL $333.31 +0.01%
AMZN $252.12 -0.06%
GOOGL $344.38 +0.14%
MSFT $517.46 -0.05%
META $728.95 -0.23%
NVDA $235.67 +0.29%
TSLA $373.66 +0.63%
SNDK $1,732.35 +0.82%
INTC $118.48 +0.73%
SPCX $160.83 +1.09%
MU $1,077.99 +0.90%
AMD $640.50 +1.11%

by

All
Article
Flash

first_img OpenPayd plans to go public on Nasdaq by the end of the year and enter the U.S. market in April 2027

According to CoinDesk, Iana Dimitrova, CEO of the London-based payment infrastructure company OpenPayd, told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and go public on Nasdaq by the end of this year. The transaction is still subject to conditions such as the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan's shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the transaction implies a valuation of OpenPayd of up to $1.1 billion.OpenPayd provides account, foreign exchange, and domestic and international payment services to businesses such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027.For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to $5.8 million in one-time transaction costs related to this merger.Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. Going public will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering conducting a private placement before the merger to raise growth capital.

first_img The Bank of America group sued the OCC, accusing it of overstepping its authority by issuing trust licenses to cryptocurrency companies

The Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in federal court on Friday, accusing it of exceeding its statutory authority when issuing national trust bank charters to cryptocurrency companies. The ICBA stated that the OCC is implementing "broad new powers not authorized by the National Bank Act," allowing these companies to enter the U.S. banking system without being subject to the same level of regulatory oversight as community banks, putting small banks at a "serious competitive disadvantage."The ICBA is one of the largest banking advocacy organizations in the United States, primarily representing small institutions. Last month, the organization strongly opposed the Digital Asset Market Structure Bill, which failed to advance in the U.S. Senate, arguing that its stablecoin provisions did not protect community banks from direct competition for deposit accounts. ICBA President and CEO Rebeca Romero Rainey stated that Congress did not establish the national trust charter to provide a "backdoor" for cryptocurrency companies seeking to enter the banking system with the credibility of a federal bank charter, as these companies do not bear the same obligations regarding capital, liquidity, regulation, and Federal Deposit Insurance Corporation (FDIC) insurance requirements. An OCC spokesperson responded to CoinDesk that the agency does not comment on ongoing litigation.Recently, the OCC has continued to issue trust charters to cryptocurrency companies, but these companies' business models differ from those of typical community banks and do not offer cash deposit accounts that require FDIC insurance. Approved institutions include cryptocurrency banks Protego and Erebor, as well as existing cryptocurrency firms like Coinbase, Circle, and Crypto.com.
app_icon
ChainCatcher Building the Web3 world with innovations.