Paxos


Finance

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.

paypal, venmo, hq

Finance

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Revolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.

A Revolut card (Kay/Unsplash)

Finance

Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

The MMM Ponzi scheme accounts for 10% of Ethereum's transactions and 50% of Paxos's. It's time the Ethereum community did something about it.

Screenshot of the MMM BSC homepage (CoinDesk)

Policy

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.

Christopher Giancarlo (CoinDesk archives)

Finance

The $10B Stablecoin Industry Has a Fraud Problem It's Not Addressing

If stablecoins are used for apparently illegal activity, should issuers step in to stop it? So far, they've been reluctant to do so, says our columnist.

Screenshot of the MMM BSC homepage (CoinDesk)

Markets

Bitcoin, Equities Markets Rally on Signs of Hope

"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.

Screen Shot 2020-04-06 at 9.43.24 AM

Markets

Gold-Backed Stablecoins Race to Keep Up With Crisis-Driven Demand

Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.

fine gold

Markets

Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals

Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD.

dollar bill

Markets

Lesser-Known Exchange Inflates Paxos Standard Daily Trading Volume to Record Highs

While it seems Paxos Standard (PAX) experienced a sudden surge in trading volumes, the stablecoin’s own issuer questions that very data.

(via Shutterstock)

Markets

Coronavirus Is Changing How Crypto Markets Are Trading

Cryptocurrency traders are contending with volatile markets due to the coronavirus).

Cryptocurrency exchange flows and bitcoin 30-day volatility from Dec 2019 to present. Data provided by CoinMetrics Pro.