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Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...
Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates
9.4.2022
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles....
Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
17.1.2021
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due...
Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options
6.1.2021
Bitcoin hit another all-time high today while ether traders are paying royally to get in on the options action
Charles Cascarilla: PayPal Whisperer
8.12.2020
PayPal pumped excitement into the bitcoin market this year. And on the back-end of every purchase is Charles Cascarilla's Paxos
Coronavirus Is Changing How Crypto Markets Are Trading
28.2.2020
Cryptocurrency traders are contending with volatile markets due to the coronavirus)
Coinbase Fails to Top CryptoCompare’s Exchange Rankings due to 2019 Flash Crash
13.2.2020
Coinbase fails to get the top CryptoCompare rank among exchanges due to a 2019 flash crash
How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
17.8.2019
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...
CloudFlare Outage Takes Down Coinbase, CoinMarketCap and Other Top Crypto Websites
2.7.2019
The outage hit multiple major exchanges and information sites
PAX Streamlines Redemptions in Battle for Stablecoin Market Share
13.5.2019
Paxos is doubling down on a traditional approach to crypto custody and enabling instant stablecoin redemptions