Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is...
PayPal has introduced a U.S. dollar-pegged stablecoin amid new regulations around digital currencies. Announced Monday (Aug. 7), PayPal USD is “designed to contribute to the opportunity...
Binance took to Twitter Tuesday (May 23) to attack reports that it commingled funds. Earlier Tuesday, Reuters issued a special report citing unidentified former company...
It’s increasingly looking like the fed is trying to put the crypto sector to bed. This, as a new report authored by the White House Council...
Four crypto-related firms said Thursday (March 2) that they are cutting ties with Silvergate Capital. The announcements made by Coinbase, Circle, Gemini and Paxos come a...
The regulators’ crackdown may chill private firms’ clamor to mint and issue stablecoins. And pave the way for banks to take the lead in stablecoin...
The U.S. Securities and Exchange Commission (SEC) is doubling down on its regulation-by-enforcement approach. It is also getting a little local help from the New...
Mastercard moved into the business of providing the backend tools and support to let financial institutions offer retail customers white-label cryptocurrency trading and custody services...
Today in the connected economy, Mastercard begins a new phase of its collaboration with cryptocurrency platform Paxos by offering banks help in improving their crypto...