Paxos Financial News

19.05 / 06:03

Stablecoin regulation Tether Circle Congress Paxos Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.

14.04 / 15:13

Adoption Crime Ripple security Police Paxos HashKey Today in Crypto: Hackers Steal $23M from Bitrue, Canon USA to Launch NFT Marketplace, HashKey Launches Wealth Management Platform, Ripple Reveals Liquidity Hub

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

14.04 / 13:19

Blockchain Stablecoin Adoption Paxos Enterprises should seek partners and solutions during the crypto winter: Paxos report

Blockchain infrastructure provider Paxos has recently published a report, that aims at helping the community look beyond the crypto winter and understand how to respond to the current market conditions.

12.04 / 22:29

markets business Government Technology Paxos regulatory Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market.

06.04 / 15:47

markets Stablecoin SEC Tether Paxos Usd Coin Dollar Time Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble

Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.

13.03 / 09:21

business coinbase Banks banking Paxos Celsius Coinbase, Celsius and Paxos disclose funds in Signature Bank

Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank.

08.03 / 08:57

business Adoption Survey FTX Digital Asset Paxos collapses 89% still trust centralized custodians despite 2022's collapses: Survey

American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges and mobile payment apps to custody their assets.

06.03 / 15:45

Stablecoin Binance regulation Paxos Terra Here’s how Binance is mitigating its stablecoin needs after BUSD ban

Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD). The SEC had sent a Wells notice, alleging BUSD violates U.S. securities law.

03.03 / 14:45

Blockchain regulation coinbase Gemini Paxos Asset management Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank

The popular fintech bank Silvergate Bank lost five crypto partners on March 2, owing to a slew of investigations and lawsuits against it.

03.03 / 13:35

coinbase Gemini MicroStrategy Kraken Paxos Crypto.com Silvergate MicroStrategy Claims Minimal Exposure as Crypto.com, Coinbase, and Gemini Pause Transactions with Silvergate Bank – What's Going On?

MicroStrategy has denied any meaningful exposure to Silvergate as crypto firms who banked with the crypto bank are rushing for the exits amid concerns about its financial condition.

03.03 / 08:57

business Stablecoin Binance regulation SEC coinbase Paxos regulatory Binance USD market cap falls below $10B amid rising regulatory concerns

Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.

02.03 / 23:25

business Circle Banks partnership Paxos Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank

Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following an announced investigation into its alleged involvement in the FTX collapse.

22.02 / 12:55

Stablecoin Binance SEC Paxos BUSD Firm Behind Binance's BUSD Stablecoin in Talks with the SEC – Here's the Latest

Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security.

21.02 / 19:09

Stablecoin regulation SEC Paxos Binance USD Paxos is engaged in 'constructive discussions' with SEC: Report

Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator.

20.02 / 23:17

Binance regulation SEC security Kraken Paxos The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20

New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar-pegged stablecoin. Paxos received a cease order from the New York Department of Financial Services (NYDFS).

16.02 / 13:13

Stablecoin Binance SEC Tether Paxos Usd Coin Dollar SEC crypto Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs.

14.02 / 14:57

Stablecoin Binance MARKET BNB USDC Paxos Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard to the Binance USD (BUSD) stablecoin.

14.02 / 08:59

business Stablecoin Binance regulation SEC security Paxos Matrixport NOT Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.

14.02 / 08:49

business Blockchain Stablecoin Binance Paxos Binance USD Withdrawals Redemptions Binance withdrawals and BUSD redemptions surge post Paxos crackdown

Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD).

14.02 / 03:35

business Stablecoin Binance regulation SEC security Paxos Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.

14.02 / 01:25

regulation Circle Paxos NYDFS Binance USD reserves Circle blew the whistle on Binance reserves to NYDFS: Report

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.

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