2023-2-22 17:23 |
News of the talks comes a week after Paxos said it received a Wells Notice from the regulator.
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Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”
2023-2-17 05:22 | |
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Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and the stablecoin BUSD.
2023-2-13 16:44 | |
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India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle’s USDC, Paxos’ USDP, and TrueUSD’s TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD.
2022-9-24 12:42 | |
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The stablecoin issuer said the regulatory approval would help support its partners in expanding services into Asia.
2022-3-10 17:00 | |
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In order to go beyond the crypto ecosystem, stablecoins need solid regulations, Paxos CEO Charles Cascarilla said.
2021-6-24 12:23 | |
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Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.
2020-12-17 14:00 | |
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Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch. ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC).
2020-8-1 09:00 | |
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Payments giant PayPal has chosen Paxos to handle digital assets for the upcoming (yet unconfirmed) crypto offering, CoinDesk reported Monday. PayPal the Biggest Financial Firm to Onboard Crypto? Coindesk said “two people familiar with the matter” told the publication that PayPal users will soon have access to crypto services; including trading and storage.
2020-7-20 13:00 | |
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Binance announced that it will begin listing the NYDFS-approved BUSD. The exchange said the stablecoin, jointly launched by Paxos and Binance, will begin trading on Sep. 16, while early purchases on Paxos’ platform will start on Sep.
2019-9-13 03:53 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Paxos CEO, Chad Cascarilla has said that the company’s gold-backed coin will be launched in 2019
2019-3-12 03:45 | |
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Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.
2019-1-18 22:47 | |
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Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
2018-10-25 20:58 | |
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Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.
2018-10-16 22:06 | |
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GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).
2018-10-10 02:10 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.
2018-9-27 20:50 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error.
2018-8-9 18:15 | |
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The New York Department of Financial Services approved Xapo, wallet storage provider and vault service provider, for a virtual currency license. Paxos Trust Company, the company behind itBit exchange, was also approved for a virtual currencies charter.
2018-6-15 10:57 | |
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House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
Cryptocurrency exchange Kraken refuted the SEC's claims it listed securities, arguing the regulator lacks evidence and is misusing terms to expand authority. The post Kraken refutes SEC’s claim that it offered ‘investment concepts’ appeared first on Crypto Briefing.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG).
Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times.
The US House passes bipartisan resolution H.J.Res.
The post House passes resolution overturning SEC rule on crypto and digital asset custody appeared first on Crypto Briefing.
The Biden administration said on May 8 that it would veto H. J. Res. 109, which intends to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The administration said it “strongly opposes” the resolution as the change will interfere with the SEC’s efforts to protect crypto market investors and safeguard the financial system.