Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins ...
Chainlink’s Sergey Nazarov highlighted that many financial systems still depend on centralized control points. Nazarov ...
MoonPay, the global leader in crypto payments, announced the launch of its enterprise stablecoin business as part of its continued evolution into a global payments network. As part of this expansion, ...
Paxos mistakenly minted $300T of PayPal's stablecoin. An analysis of the operational integrity and risk management failure in the stablecoin market The Silicon Review.
A dormant Bitcoin whale recently deposited 2,300 BTC to Paxos. The whale still holds over 32,000 BTC valued at $3.4 billion.
Paxos confirmed Monday it received a Wells Notice from the Securities and Exchange Commission, stating it’s prepared to take on the agency and any enforcement actions related to stablecoin Binance USD ...
The New York Department of Financial Services said Thursday it has fined stablecoin issuer Paxos Trust Company $26.5M for anti-money laundering deficiencies and compliance failures tied to its ...
But the firm said it “categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws.” It also claimed that Paxos is “always backed 1:1 withU.S.
Former Paxos Exec: Regulators Failed to Address Crypto Collapses, Now They’re Going After 'On-Ramps'
The demise of several large crypto-related companies is forcing the hand of regulators who are looking to find ways to block crypto from mainstream financial markets, said Jesse Austin Campbell, ...
What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users.
New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown on the embattled digital assets sector. Paxos, a blockchain company, announced ...
Paxos Trust Company says it “categorically disagrees” with the United States securities regulator that has described Binance USD (BUSD) as a security. In the Feb. 13 statement, the BUSD issuer ...
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