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Nifty News: Celebs lose big on BAYC, Meghan and Harry building a metaverse, and more.
18.11.2022
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
pax․world: A Token Must Be an Economic Bedrock Not a Collectable Gimmick for the Metaverse to Thrive
31.10.2022
This week, pax.world launched $PAXW, its proprietary utility token for the metaverse. The process of designing and launching $PAXW has provided a clear understanding of the token’s inherent purposes, enormous potential, and possible dangers. Let’s begin at the top: A utility token is...
E3 2023 Is Happening In Los Angeles And Will Be Open To Fans
26.9.2022
Despite the cancellations of prior years and the general uncertainty about its future, the Entertainment Software Association (ESA) just announced that the E3 games expo will be returning to the Los Angeles Convention Center as a live event next year. So if you want to brave crowds of sweaty gamers...
Nasdaq's Crypto Move, $160M DeFi Hack, Hong Kong CBDC + More News
20.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Nasdaq's Crypto Move, $160M DeFi Hack, Hong Kong CBDC + More News
What is PAX Gold (PAXG) and how does it work?
11.9.2022
PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies
Mercado Libre to Expand Cryptocurrency Services to More Countries in Latam
12.8.2022
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital...
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Mega Events Company Won’t Let E3 Die, Promises ‘Return To Form’ In 2023
7.7.2022
Like the video game with three endings, or the final boss fight that never ends, E3 refuses to die. Now the video game events world is doubling-down on it. ReedPop—organizers of PAX, New York Comic Con, and Star Wars Celebration—announced Thursday it will take over planning the annual summer gaming...
2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months
6.6.2022
15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG),...
PAX East Enforcer Dies From Covid 'After Being Exposed During The Convention'
3.5.2022
A PAX East Enforcer died from coronavirus after working at the convention last Saturday. Dawn “Deestar” Wood was well-regarded by other Enforcers who donated to the GoFundMe for her funeral (which met its goal in a single day). The organizer for the fundraiser emphasizes that Wood had “the most...
Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums
23.3.2022
While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in...
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
10.3.2022
PAX Gold did most of the weightlifting in pushing the gold token market cap above the $1 billion-milestone, outperforming Tether Gold
Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher
19.2.2022
While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the...
Pax.world to Use NFTb‘s DeFi Offering for INO and Pre-Sale
16.2.2022
Pax.World, a custom-designed metaverse specifically optimized for the widest possible user base, has decided to complete a Pre-Sale on February 28 utilizing NFTb’s DeFi as a Service, as well as an INO at a later date. Pax.World is open to everyone and free. Ownership of an NFT token isn’t...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months
25.1.2022
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion...
PAX South Canceled Indefinitely Due To Lack Of Growth And Covid-19
30.10.2021
Yesterday, ReedPOP announced that it was indefinitely canceling PAX South with no plans for when or if it will return. The organizers blamed a lack of growth and the ongoing covid-19 pandemic.Read more
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
20.10.2021
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars...
FTX customer seeks help after mistaken deposit allegedly results in $1M in fees
7.10.2021
DeFi blog Rekt claims that FTX failed to adhere to its own terms and conditions by imposing the fee