The U.S. Securities and Exchange Commission plans to sue Paxos for listing the Binance USD coin, alleging it is an unregistered security, according to the Wall Street Journal.The SEC sent Paxos, a blo...
Tag: Paxos
Stablecoin Issuer Paxos Under Scrutiny
The crypto company and stablecoin issuer Paxos is under investigation by a New York-based regulatory body. NYDFS Launches Investigation Against Paxos The New York Department of Financial Services (NY...
Paxos Trust Company is Under Scrutiny: NYDFS Investigates
Paxos Trust Company is under the scrutiny of the New York Department of Financial Services. A person familiar with the matter told that the reason for the probe is still unclear. NYDFS told that the d...
New York Regulator Investigates Stablecoin Issuer Paxos
Paxos, a leading stablecoin issuer, is currently under investigation by the New York Department of Financial Services (NYDFS). The investigation comes amid growing concerns about the stability a...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
Paxos Faces Scrutiny From New York Regulators As They Gear Up To Protect Consumers
BUSD and USDP issuer Paxos have come under New York regulators’ radar. Although there is no specific reason for the investigation, reports revealed that the New York Department of Financial Services (...
USDP Stablecoin Dips to $0.98 As NYDFS Looks Into Paxos
The USDP stablecoin lost its peg briefly on Feb. 10 after falling to $0.98. The New York Department of Financial Services (NYDFS) is reportedly probing Paxos. The USDP stablecoin, managed by Paxos, br...
Paxos refutes bank charter rejection rumors
Ad Brokerage and stablecoin issuer Paxos said it had not been denied a national bank charter from the Office of the Comptroller of the Currency (OCC). On Feb. 7, rumors emerged that the OCC had denied...
Paxos facing probe by New York regulator: CoinDesk
Stablecoin issuer Paxos is being investigated by the New York Department of Financial Services, according to a CoinDesk report. The news comes after rumors that Paxos was asked to withdraw an ap...
Paxos attempts to quash speculation of trouble with the OCC
Stablecoin issuer Paxos attempted to clear up rumors of trouble with the U.S. Office of the Comptroller of the Currency (OCC) late Wednesday, insisting its application for a national trust bank charte...
Paxos Collaborates With MakerDao – The Coin Republic
Paxos recently collaborated with MakerDao to mutually benefit from increased Pax Dollar(USDP) in the Peg Stability Module(PSM). Paxos will pay MakerDao a monthly marketing fee. Per the proposal, Paxo...
Paxos wants to up USDP collateral backing for MakerDAO’s DAI stablecoin
Paxos has proposed a partnership with MakerDAO that will essentially increase the Paxos dollar (USDP) backing for the DAI stablecoin issued by the Maker protocol. Before it, Maker collaborated with Ge...
Paxos & MakerDAO Partnership, Helps Latter Earn Revenue
3 hours ago | 2 mins read Exchange News Paxos claimed that Maker would earn an additional $29 million in revenue each year. In 2024, the maximum threshold would rise to $2 billion in USDP. Paxos, a st...
Binance’s BUSD Mass Burn on Paxos
32 mins ago | 2 mins read Altcoin News Binance USD is now $1.00, down 0.05% in the last 24 hours. BUSD is based on the Ethereum blockchain and supports the BEP-2 standard of the Binance Chain. The wor...
Paxos releases fresh statement on BUSD stablecoin
Paxos announced on its official Twitter account on Dec.28 that it is the sole issuer of BUSD. The token is controlled by the organization, and it is regulated by the New York State Department of Finan...
Paxos recovers $20 million in gold tokens stolen in the FTX hack
Paxos, a blockchain and trust company, has successfully reclaimed $20 million worth of gold tokens held in the wallets of an unknown attacker who hacked FTX in November. Sam Bankman-Fried’...
Paxos burns PAXG tokens in four FTX drainer wallets
Reports surfaced yesterday that Paxos had burnt PAXG in four different FTX drainer wallets. Earlier, observers thought PAXG, issued by Paxos, had been moved by the FTX hacker. However, as it turns out...
Will the BUSD Upon Paxos Survive?
BUSD gets regulated by the NYDFS for Ethereum (ETH) through Paxos. BUSD complies fully with the regulations of NYDFS. Speculations arise on the trustworthiness of BUSD. Apart from just having a nati...
Binance Converts All USDc to bUSD Paxos Confirms – Trustnodes
The stablecoin wars appear to have began with a most interesting revelation coming out of the Proof of Keys test of Binance, which is still sort of on-going. Austin Campbell, the Head of Portfolio Man...
Introducing Snowfall Protocol (SNW), A New Crypto To Rivalling Crypto Majors Like Paxos Standard (PAX)
Advertisement     Crypto fanatics, prepare to be blown away! In recent years, the cryptocurrency market has been booming, with new and innovative projects being develo...
Paxos Freezes $19 Million in PAXG Tokens Linked to FTX
Cryptocurrency issuer Paxos has frozen over $19 million worth of crypto assets tied to bankrupt exchange FTX at the direction of U.S. law enforcement, the company announced Saturday. The funds, 11,18...
Paxos freezes FTX funds following a US watchdogs directive – crypto.news
Over the weekend, Paxos announced the freezing of PAXG tokens in the FTX crypto exchange following a government directive. Several other networks also froze FTX and its leaders’ accounts in the past f...
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins – Bitcoin News
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 fr...
Paxos freezes assets tied to FTX after law enforcement directive
U.S. law enforcement officials directed Paxos on Saturday to freeze assets previously held on FTX. Paxos, a regulated blockchain infrastructure platform, froze 11,184.38 PAXG tokens valued at ro...
Paxos And USDC Issuer Circle Receive Regulatory Approval From Singapore
In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the fi...
Circle and Paxos Secure Regulatory Approval in Singapore
The issuer of the stablecoin USDC – Circle – and the blockchain infrastructure platform – Paxos – received licenses from the Monetary Authority of Singapore (MAS) to offer services in the city-state. ...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-princip...
Circle, Paxos secure regulatory approval from Singapore financial watchdog
On Nov. 2, the Monetary Authority of Singapore (MAS) approved Paxos’ license and granted in-principle approval to Circle. Paxos is the issuer of Paxos Standard (USDP) and the co-issuer of Binance USD ...
Oanda brokerage firm partners with Paxos to offer crypto trading in the US
Join Our Telegram channel to stay up to date on breaking news coverage Oanda, a multi-asset trading service provider based in New York, has unveiled cryptocurrency trading services within the United S...