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Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol
23.11.2022
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.”...
Binance and Paxos’s BUSD: High Quality Reserves, Audits, and Regulation
23.11.2022
What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD. First and foremost, BUSD is a stablecoin pegged to the US Dollar...
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
Paxos Ordered by US Officials to Freeze $19M in Crypto Tied to FTX
14.11.2022
U.S. federal law enforcement asked the crypto issuer to freeze assets associated with four ethereum addresses as investigations into FTX collapse intensifies
Crypto News Summary: UK Santander to Block Payments to Exchanges, BTC 50K Silk Road Guilty Plea, Ledger Live & Solana Mobile Stack Integration
7.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: UK Santander to Block Payments to Exchanges, BTC 50K Silk Road Guilty Plea, Ledger Live & Solana...
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
7.11.2022
Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday
Moonvember kicks off with sweeping staff layoffs across crypto
4.11.2022
There are still pockets of hope however, with some companies looking to expand despite the market conditions
Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
3.11.2022
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen...
Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines to Launch BTC & ETH Custody & Trading
2.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: DBS Adopts DeFi Protocols for FX & Government Securities Transactions, Union Bank of Philippines...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
2.11.2022
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers
Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator
2.11.2022
Paxos, issuer of the USDP stablecoin, can offer crypto products and services in Singapore after securing the license under the nation's Payment Services Act
Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22
22.10.2022
Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22
22.10.2022
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
22.10.2022
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin...
New York-based forex broker Oanda launches crypto trading services in the US
21.10.2022
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform
Mastercard to Help Banks Offer Crypto Trading — Executive Says Crypto Is on the ‘Cusp of Really Going Mainstream’
18.10.2022
Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto...
Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse
17.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Bitstamp Integrates PayPal, Dubai Police Works in Metaverse
Mastercard taps Paxos to launch crypto trading for banks
17.10.2022
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services
Mastercard Joins Hands With Paxos to Enhance Crypto Trading Services: Report
17.10.2022
The payments giant had earlier started a services to assess the risk profile of crypto exchanges
Crypto News Summary: Bridgewater Associates 'Transitions' from Ray Dalio, LG Partners w/ NFT Platform
5.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Bridgewater Associates 'Transitions' from Ray Dalio, LG Partners w/ NFT Platform