Paxos

Market Wrap: Bitcoin Holds Above $30K as Sentiment Improves

Bitcoin is holding up following a strong bounce from $30,000 support.

Markets  ·  22 July 2021

Paxos Reveals Assets Backing Stablecoins PAX, BUSD

Paxos's reserves consisted of only cash and U.S. Treasury bills.

Business  ·  21 July 2021
Paxos

Paxos Adds Wedbush Securities in Quest for Same-Day Stock Settlement

Credit Suisse, Instinet and Societe Generale are also part of the program, which is meant to shrink stock settlement times to hours, not days.

Business  ·  17 June 2021
Gold

Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.

Markets  ·  10 June 2021
Paxos

Senate Banking Chairman ‘Concerned’ by OCC’s Crypto Charters

Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.

Policy & regulation  ·  19 May 2021
Bitcoin

Market Wrap: Ether Climbs, Pushing Past ‘Musk Dip’ as Crypto Volatility Increases

Investors are buying and no longer panicking.

Markets  ·  18 May 2021
Paxos

Bank of America Joins Paxos Network Eyeing Same-Day Stock Trade Settlement

The Paxos Settlement Service has been built with blockchain tech to speed up stock-trade settlement.

Business  ·  17 May 2021
Paxos

Paxos Raises $300M, Joins Crypto Unicorn Club at $2.4B Valuation

The back-end provider for PayPal and Venmo is raising “confidence capital” to expand operations, said CEO Charles Cascarilla.

Business  ·  29 April 2021
Paxos

Paxos Becomes Third Federally Regulated Crypto ‘Bank’

Paxos earns a provisional trust charter through the U.S. Office of the Comptroller of the Currency.

News  ·  23 April 2021
Paxos

Paxos Trumpets Same-Day Shares Settlement Using Blockchain

Instinet and Credit Suisse helped hit the “T+0” settlement cycle for U.S. equities.

Business  ·  6 April 2021
Paxos

Paxos Plans to File for a Clearing Firm License

CEO Charles Cascarilla said the crypto firm, which already settles equities trades, hopes to apply for a clearing firm license soon.

Policy & regulation  ·  23 February 2021
Paxos

The Block Founder Mike Dudas Takes Stablecoin Role at Paxos

The serial entrepreneur, payments veteran and pugnacious tweeter will focus on building Paxos' white-labeled stablecoin business.

Business  ·  3 February 2021
Paxos

Paxos Makes Fresh Push for DeFi Market With New Oracle Integration

Fresh off its partnership with PayPal, Paxos is making a new push into the decentralized finance market.

Tech  ·  14 January 2021
Paxos

Paxos, Firm Powering PayPal’s Crypto Service, Raises $142M

Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

Business  ·  17 December 2020
Paxos

Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter

Paxos has filed to become a federally regulated bank with the U.S. Office of the Comptroller of the Currency, joining BitPay and Anchorage.

Policy & regulation  ·  9 December 2020