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, 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 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

PayPal Pledges to Bring Crypto to 26M Merchants, Confirming Market Entry

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

Policy & regulation  ·  21 October 2020

Binance Exchange to List Paxos’ Gold-Backed Cryptocurrency

PAX Gold, a gold-backed digital asset created by Paxos, will soon launch for trading on Binance.

Markets  ·  25 August 2020

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.

Business  ·  20 July 2020

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Revolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.

Business  ·  15 July 2020

Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

The MMM Ponzi scheme accounts for 10% of Ethereum's transactions and 50% of Paxos's. It's time the Ethereum community did something about it.

Business  ·  7 July 2020

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.

Policy & regulation  ·  30 June 2020

The $10B Stablecoin Industry Has a Fraud Problem It’s Not Addressing

If stablecoins are used for apparently illegal activity, should issuers step in to stop it? So far, they've been reluctant to do so, says our columnist.

Business  ·  27 May 2020

Bitcoin, Equities Markets Rally on Signs of Hope

"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.

Markets  ·  6 April 2020

Gold-Backed Stablecoins Race to Keep Up With Crisis-Driven Demand

Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.

Markets  ·  26 March 2020

Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals

Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD.

Markets  ·  11 March 2020

Lesser-Known Exchange Inflates Paxos Standard Daily Trading Volume to Record Highs

While it seems Paxos Standard (PAX) experienced a sudden surge in trading volumes, the stablecoin’s own issuer questions that very data.

Markets  ·  3 March 2020

Coronavirus Is Changing How Crypto Markets Are Trading

Cryptocurrency traders are contending with volatile markets due to the coronavirus).

Markets  ·  28 February 2020