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Got crypto? Here are 3 debit cards that let you spend your stack
30.4.2021
Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets
PayPal crypto partner Paxos raises $300M
29.4.2021
The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group
Paxos Raises USD 300M at USD 2.4B Valuation
29.4.2021
Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television
Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation.
The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under...
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
24.4.2021
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize...
Paxos receives ‘preliminary conditional approval’ for US bank charter
23.4.2021
The stablecoin issuer has nabbed a banking license, but it doesn't mean they'll be doing any banking in the traditional sense
Paxos National Trust Gets OCC Blessing, Charles Schwab Eyes Crypto + More News
23.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
The US Office of the Comptroller of the Currency (OCC) today announced preliminary conditional approval of the application to charter...
Paxos applies for clearing license with SEC following successful pilot tests
6.4.2021
The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet
The Block Founder Mike Dudas Takes Stablecoin Role at Paxos
3.2.2021
The serial entrepreneur, payments veteran and pugnacious tweeter will focus on building Paxos' white-labeled stablecoin business
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...
Paxos Makes Fresh Push for DeFi Market With New Oracle Integration
14.1.2021
Fresh off its partnership with PayPal, Paxos is making a new push into the decentralized finance market
PayPal crypto partner Paxos closes $142M funding round
17.12.2020
The stablecoin issuer is pursuing ambitious plans in the expanding crypto space
Paypal Takes Another Step Into Crypto, Invests in Paxos
17.12.2020
Online payments giant PayPal joined a USD 142m Series C investment round, helping major regulated blockchain infrastructure platform Paxos increase its total funding to USD 240m.
The round was led by Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, Paxos...
Blockchain Bites: Paxos’ Banking Play, France’s KYC Terreur, FinCEN’s Personal Data Honeypot
10.12.2020
U.S. lawmakers are asking the nation's financial guardians to clarify crypto custodianship while France wages war on anonymity
Paxos seeks approval to become fully-regulated crypto bank
10.12.2020
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
9.12.2020
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of...
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
As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets
8.11.2020
Paxos CEO Charles Cascarilla sees a bright future for tokenized assets — possibly through PayPal
Conjunction of Paxos & PayPal Can Reach Millions of Crypto Traders
27.10.2020
In its recent announcement on 21 October 2020, California based one of the World’s leading online payment processors – PayPal, has revealed its plan of entering the cryptocurrency industry. For this venture to come into actuality, it has joined hands with Paxos.com. With this, Paxos Crypto...
Law Decoded: Government sandboxes, test beds and crypto compromises
23.10.2020
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but is certainly some kind of progress
Regulation will keep PayPal's new crypto services from looking anything like crypto
21.10.2020
For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities