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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, industry executives joined President Donald Trump’s White House fundraiser dinner. Meanwhile, the Financial Times reported that the Trump family’s crypto ventures have generated more…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Paxos says it “mistakenly” minted 300 trillion PayPal stablecoins; Coinbase Ventures backs Indian exchange CoinDCX at a $2.45 billion valuation amid its expansion into…
Paxos has reapplied for a US national trust bank charter after its 2021 conditional approval expired. Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal…
Launched in November 2024, the USDG stablecoin has a total circulating supply of around $356 million. Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin. By joining the network, OKX’s 60…
Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins. US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight. Charles Cascarilla, co-founder and CEO of…
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” 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. The crypto-friendly Signature Bank was shut down by New York regulators on Mar. 12 in conjunction with the United…
” 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. An annual online survey published…
” 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, BUSD. SEC had sent a Wells notice, alleging BUSD is in violation of the U.S….
” 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. Coinbase, Paxos, Gemini, BitStamp and Galaxy Digital were some of the most notable crypto firms that…