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PAXOS TRUST COMPANY
Coinbase seeks OCC trust charter to grow payments businessCoinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office of the Comptroller of the...
From skepticism to acceptance: How institutions are embracing cryptocurrenciesInstitutions are increasingly embracing cryptocurrencies, driven by regulatory clarity, robust security measures, and client demand. This s...
Analysis-Why PayPal's stablecoin is likely to succeed where Facebook's Libra failedThe move, which comes as PayPal transitions to a new CEO announced last week, seems risky after Facebook's stablecoin was crushed by politi...
Why PayPal's stablecoin is likely to succeed where Facebook's Libra failedPayPal this month said it was launching PayPal USD, a crypto token pegged to the U.S. dollar, making it the second major global company to ...
PayPal debuts US dollar-backed stablecoin for paymentsPayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a re...
PayPal becomes first major fintech to launch dollar-backed stablecoinWhile stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility - have been around for y...
PayPal launches stablecoin in crypto pushDigital payments firm PayPal Holdings on Monday launched a US dollar stablecoin in a bid to push for crypto adoption for its payments and t...
Crypto giant Binance commingled customer funds and company revenue, former insiders sayOne of the sources, a person with direct knowledge of Binance's group finances, said the sums ran into billions of dollars and commingling ...
Billions worth of crypto trades at risk as bank shutdowns take tollThe network’s presence helped fuel the institutional adoption boom that made the most recent crypto bull market possible. Its shutdown thre...
Coinbase, Galaxy, Paxos stop accepting transfers via Silvergate NetworkThe exodus threatens Silvergate’s SEN network, the bank’s key source of deposits and a platform for crypto participants to transfer money a...
Investors pull around $6 billion out of Binance's stablecoinPaxos Trust Company, which issues Binance USD, said on Feb. 13 that the U.S. Securities and Exchange Commission (SEC) had told the company ...
Cryptoverse: Tether tightens grip on wobbling world of stablecoins"This is unlikely to represent a critical large structural change to the market, for now," said Vetle Lunde, analyst at Arcane Research. He...
Binance considers pulling back from US partners as crypto crackdown escalatesIn the past week, the clampdown has taken its toll. The international exchange experienced a net outflow of $1.9 billion in assets, accordi...
Binance stablecoin backer says US SEC has labeled token an unregistered securityThe firm behind Binance's stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it s...
Cryptoverse: Gold coins glimmer amid the global gloomStablecoins, a fast-growing breed of crypto, have emerged as a common medium of exchange, often used by traders seeking to move funds aroun...
Cryptoverse: Gold coins glimmer amid the global gloomCoins backed by gold are newer variants of "stablecoins", which are typically pegged to the dollar to tame volatility. The largest, Pax Gol...
Interactive Brokers launches cryptocurrency tradingUS clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside stocks, options, f...
PayPal's Venmo launches crypto buying and sellingVenmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1 and publish transactions on the app's feed
Can you buy a Tesla car with bitcoin? Here's how the payment system might workTesla founder and CEO Elon Musk, who also helped launch PayPal, has expressed enthusiasm about cryptocurrencies online and industry sources...
New currency in race to remake one of world's oldest marketsBitcoin, first instrument to use blockchain, has more than quadrupled in 2017.