Search
Tether promises an audit in 'months' as Paxos claims USDT is not a real stablecoin
22.7.2021
Tether’s general counsel said a full audit is coming in months
Mastercard Enhancing Program for Cryptocurrency Wallets and Exchanges
21.7.2021
Payments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with...
Major Auction House Christie’s Accepts Bitcoin for Painting Worth Estimated $6 Million
26.6.2021
British auction house Christie’s will accept bitcoin and ether for a painting worth an estimated $6 million. The digital wallet used to pay for the painting must be held at one of the approved custodians, such as Coinbase, Fidelity, Gemini, or Paxos. Paying for Paintings With Bitcoin...
Trust is key to mainstream adoption for stablecoins, says Paxos CEO
24.6.2021
In order to go beyond the crypto ecosystem, stablecoins need solid regulations, Paxos CEO Charles Cascarilla said
Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats
10.6.2021
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm
Paxos, Protego & Anchorage Face 'Regulatory Volatility' in US
20.5.2021
American crypto-focused banks are facing a struggle to stay onside after a leading American lawmaker petitioned Michael Hsu, the new Acting Comptroller of the Office of the Comptroller of the Currency (OCC) to “reassess any conditional national trust charters and halt the approval of any additional...
Bank of America partnership with Paxos will allow same-day trade settlements
17.5.2021
Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days
Got crypto? Here are 3 debit cards that let you spend your stack
30.4.2021
Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets
PayPal crypto partner Paxos raises $300M
29.4.2021
The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group
Paxos Raises USD 300M at USD 2.4B Valuation
29.4.2021
Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television
Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation.
The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under...
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
24.4.2021
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize...
Paxos receives ‘preliminary conditional approval’ for US bank charter
23.4.2021
The stablecoin issuer has nabbed a banking license, but it doesn't mean they'll be doing any banking in the traditional sense
Paxos National Trust Gets OCC Blessing, Charles Schwab Eyes Crypto + More News
23.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
The US Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter...
Paxos applies for clearing license with SEC following successful pilot tests
6.4.2021
The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet
The Block Founder Mike Dudas Takes Stablecoin Role at Paxos
3.2.2021
The serial entrepreneur, payments veteran and pugnacious tweeter will focus on building Paxos' white-labeled stablecoin business
Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
Paxos Makes Fresh Push for DeFi Market With New Oracle Integration
14.1.2021
Fresh off its partnership with PayPal, Paxos is making a new push into the decentralized finance market
PayPal crypto partner Paxos closes $142M funding round
17.12.2020
The stablecoin issuer is pursuing ambitious plans in the expanding crypto space
Paypal Takes Another Step Into Crypto, Invests in Paxos
17.12.2020
Online payments giant PayPal joined a USD 142m Series C investment round, helping major regulated blockchain infrastructure platform Paxos increase its total funding to USD 240m.
The round was led by Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, Paxos...
Blockchain Bites: Paxos’ Banking Play, France’s KYC Terreur, FinCEN’s Personal Data Honeypot
10.12.2020
U.S. lawmakers are asking the nation's financial guardians to clarify crypto custodianship while France wages war on anonymity