Paxos

paxos-confirms-it’s-responsible-for-$500k-mistaken-bitcoin-transaction
Posted by | September 13, 2023
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction

The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. 5234 Total views 31 Total shares The account that overpaid $500,000 in...

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paxos-confirms-it’s-responsible-for-paying-a-$500k-bitcoin-transaction-fee
Posted by | September 13, 2023
Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee

The account that paid $500,000 in fees to move $2,000 worth of Bitcoin was a Paxos server, the company stated. 9992 Total views 42 Total shares The account that overpaid...

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paypal-pyusd-stablecoin-is-100%-backed:-paxos-transparency-report
Posted by | September 13, 2023
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

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, a Paxos report states....

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fdusd-market-cap-jumps-by-20%-following-binance-directive
Posted by | September 6, 2023
FDUSD Market Cap Jumps By 20% Following Binance Directive

The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently...

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binance-pushes-new-stablecoin-as-it-confirms-plan-to-cease-busd-support
Posted by | August 31, 2023
Binance pushes new stablecoin as it confirms plan to cease BUSD support

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. 4798 Total views...

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enterprises-should-seek-partners-and-solutions-during-crypto-winter:-paxos-report
Posted by | April 14, 2023
Enterprises should seek partners and solutions during crypto winter: Paxos report

“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said. 4755 Total views 12 Total shares Own this piece of...

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paxos-set-to-withdraw-from-canada-amid-regulatory-uncertainty
Posted by | April 12, 2023
Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos assured its customers that their funds would “remain safely” in their accounts but advised users to withdraw all balances at their earliest convenience. 4411 Total views 13 Total shares...

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tether-supply-hits-$80b-for-the-first-time-since-may-2022-—-stablecoin-rivals-stumble
Posted by | April 6, 2023
Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble

The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins. 950 Total views 19 Total shares Own this piece...

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tokenized-gold-surpasses-$1b-in-market-cap-as-physical-asset-nears-all-time-price-high
Posted by | April 4, 2023
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing...

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coinbase-cutting-ties-with-silvergate-forces-crypto-hedge-fund-to-find-a-new-bank
Posted by | March 3, 2023
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank

A total of five crypto companies ended their partnership with Silvergate Bank on March 2 after a series of lawsuits and investigations against the bank. 7286 Total views 36 Total...

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