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Bitcoin Schools, Paxos Oopsies, US Lawsuits and 20 Crypto Jokes
16.9.2023
Read More: Bitcoin Schools, Paxos Oopsies, US Lawsuits and 20 Crypto Jokes
Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake
16.9.2023
According to an X post, a cryptocurrency mining pool, F2Pool, has returned the mistakenly transferred transaction fee of 19.8 BTC made by Paxos, a Financial infrastructure firm.
It started on September 10, when a transaction fee of $510,000 was paid to a miner on block 807,057 for a transaction...
Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
15.9.2023
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: Today in Crypto: Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia
Bitcoin Miner F2Pool Returns 19.8 BTC to Paxos After Overpaid Fee
15.9.2023
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week
Miner returns over $500k in BTC transaction fee overpayment to Paxos
15.9.2023
Bitcoin explorer Mempool shared blockchain data that confirmed the funds were sent back on Sept. 15
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...
$500,000 Bitcoin Fee Blunder: Paxos Revealed as Responsible Party
14.9.2023
The US-based crypto service provider Paxos has been revealed as the party responsible for massively overpaying fees on a recent Bitcoin transaction.
The transaction, made on September 10 at 5.10 PM UTC, was for a payment of only $200 worth of BTC, but amazingly came with a transaction fee...
Bitcoin miner mulls refunding 20 BTC reward to Paxos
14.9.2023
Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.”
Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos for 'Fat-Fingers' Error
14.9.2023
Miners can choose to return large fees out of goodwill, even though they do not have any obligation to do so
Paxos confirms it's responsible for $500K mistaken Bitcoin transaction
13.9.2023
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
13.9.2023
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
3.9.2023
The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark, while in a surprising twist, the stablecoin trueusd...
Binance to Gradually Phase Out Support for BUSD Stablecoin
31.8.2023
The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases out BUSD markets. BUSD Support Ending on Binance...
Binance to 'Gradually' End Support for BUSD Products
31.8.2023
Binance pushes new stablecoin as it confirms plan to cease BUSD support
31.8.2023
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
18.8.2023
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume...
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
8.8.2023
At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the contract continues to retain a substantial 92.91%...
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
8.8.2023
Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday
Paypal USD: Boon for Ethereum but not decentralization, says community
8.8.2023
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC