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FTX customer seeks help after mistaken deposit allegedly results in $1M in fees
7.10.2021
DeFi blog Rekt claims that FTX failed to adhere to its own terms and conditions by imposing the fee
Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos
15.9.2021
Interactive Brokers, one of the largest online brokerage firms, has announced today it is offering cryptocurrency trading services in alliance with Paxos. Users of the platform now have a complete suite of cryptocurrency trading options, along with traditional trading offerings like stocks...
Which stablecoins were actually 'stable' during this week's sudden Bitcoin price crash?
9.9.2021
Crypto traders flocked to the safety of stablecoins during the Sept. 7 market crash
The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman
10.8.2021
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round
31.7.2021
Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were...
Paxos Standard Presents Assets Backing Its Stablecoins
23.7.2021
Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other...
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
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The US Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter...