You Searched For "paxos" and got 20 results
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3 mins read
Terra's luna dives 45% after the network's stablecoin lost its dollar peg again, adding to the pressure on bitcoin
The Luna Foundation Group has said it will sell some of its massive bitcoin reserves to prop up UST…
Weilun Soon
2 mins read
Circle tells congress its coin is '100%' backed by cash and short-term US debt as lawmakers scrutinize stablecoins
Circle CEO Jeremy Allaire and other crypto executives testified at a House Financial Services Commi…
Carla Mozée
2 mins read
The Senate Banking Committee wants answers from stablecoin issuers on how their business works
Complex terms and conditions can make it difficult for investors to understand stablecoin risks, sa…
Carla Mozée
1 min read
Mastercard has upgraded its crypto card to allow customers to use stablecoins to make purchases
Mastercard will upgrade its crypto card so its clients can make purchases using stablecoins to prom…
Camomile Shumba
4 mins read
FTX might not have been the only crypto exchange using customer money for other things
Insider's Phil Rosen explains how Binance is coming under scrutiny for its shuffling of customer fu…
Phil Rosen
2 mins read
After leaving Meta, ex-Diem employees raise $200 million for new blockchain project Aptos
Ex-Diem employees have raised $200 million for a new blockchain project called Aptos. The blockcha…
1 min read
Executives from Coinbase, FTX, Circle, and other crypto firms are set to testify before Congress next week
The hearing will be led by Rep. Maxine Waters, chairwoman of the House Committee on Financial Servi…
Isabelle Lee
2 mins read
Facebook-owner Meta is planning to allow users to create and sell NFTs amid booming market for digital collectibles: report
The plans are still in the early stages, but they will likely hinge on the company's crypto wallet …
Natasha Dailey
3 mins read
CEO David Solomon is restructuring Goldman Sachs again. Here's who wins — and who loses — from the leadership reshuffle.
Goldman Sachs's third restructuring in four years comes as insiders have been questioning Solomon's…
Michelle Abrego
1 min read
A California democrat's joke during Wednesday's crypto hearing has spurred the creation of 'mongoose coin'
"Will mongoose coin always have a value?" Sherman said at the hearing. "I don't know. I just made i…
Natasha Dailey
4 mins read
The SEC's crypto crackdown is escalating as it goes after the Winklevoss twins' firm over 'unregistered securities.' Here's what they are.
SEC Chair Gary Gensler has gone after the Winklevoss twins and Kraken with an attack on supposedly …
Ryan Hogg
2 mins read
Crypto bank Silvergate could jump 50% as institutional adoption and stablecoin use provides a 'long runway' for growth, Bank of America says
Silvergate Capital recently bought the intellectual property rights and assets of Facebook's Diem c…
Carla Mozée
4 mins read
Wall Street has made serious strides to embrace crypto this year. But after FTX's implosion, a regulatory crackdown is imminent.
From BlackRock to Apollo, the biggest names on the Street have been dabbling in crypto. FTX's implo…
Morgan Chittum,Rebecca Ungari…
1 min read
Head of consumer protection watchdog signals stance on digital assets with warning on stablecoins
The CFPB's new chief, Rohit Chopra, issued the warning during his first appearance before Congress …
Carla Mozée
3 mins read
Crypto compliance provider TRM Labs is helping top Wall Street firms like JPMorgan wade into digital assets
TRM Labs is seeing increased interest in crypto compliance, fraud detection, and risk-management to…
Carter Johnson,Bianca Chan
3 mins read
Meta is done with Diem, but not with blockchain payments
Meta’s annual SEC filing says that the Novi wallet and more may still use blockchain-based payments…
2 mins read
Democratic senators say they don't trust Facebook with digital currency and urge the company to stop Novi launch
The scathing letter from Democratic senators came just hours after Facebook launched Novi, its new …
Isabelle Lee
2 mins read
Record crypto and blockchain investments in 2021 have already exceeded last year's total as institutions warm up, KPMG data shows
The total global investment activity for the first half of 2021 hit $8.7 million, more than twice 2…
Isabelle Lee
4 mins read
Meta is facing a reckoning it may not recover from
For the first time ever, Facebook's advertisers are slashing spending and shifting dollars elsewher…
Matt Turner,Jordan Parker Erb…
3 mins read
Here's what Elon Musk backing out of Twitter deal means for Wall Street
Today's biggest story is Elon Musk's decision to back out of buying Twitter. Banks will pocket a sm…