Paxos
FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto
Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange. Hong Kong-based digital asset platform Hbit Limited is unable to withdraw $18.1 million worth of cryptocurrencies deposited in the now-bankrupt FTX.
Paxos Ordered by US Officials to Freeze $19M in Crypto Tied to FTX
Federal law enforcement asked the crypto issuer to freeze assets associated with four ether addresses as investigations into FTX collapse intensify.
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
Co-founder Rich Teo told Bloomberg the firm is planning a three-year expansion built around Singapore as its hub for growth outside the U.S
Singapore Regulator Grants Licenses to Stablecoin Issuers Circle and Paxos
The Monetary Authority of Singapore (MAS) has granted stablecoin issuer Circle an in-principle license that allows it to operate as a payments company in the country. Circle received its approval the same day fellow stablecoin issuer Paxos received its own license. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the significance for the regulatory framework in Singapore.
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
Circle received its approval shortly after fellow stablecoin issuer Paxos received its own license.
Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator
Paxos is the latest company to secure a license in Singapore, allowing it to offer blockchain or crypto services to local businesses.
What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.
Mastercard, Paxos Team Up to Help Banks Offer Crypto Trading
Mastercard has formed a partnership with crypto trading platform Paxos to offer a program that will help financial institutions offer cryptocurrency trading. "The Hash" panel discusses the latest move bringing digital assets to the mainstream.
Mastercard Joins With Paxos to Help Banks Offer Crypto Trading
The payments giant will verify transactions and help banks follow compliance rules
Latin Americans Turning to Dollar Stablecoins Amid Inflation Surge: Paxos
Latin Americans already see dollar-backed stablecoins as more secure than their own currencies, according to a new study.
