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 stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents,” the...
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 “insiders” who said the cryptocurrency exchange mixed customer funds with its own revenue. The report said these funds “ran into...
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 of Economic Advisers, devotes an entire 35-page chapter to explaining why use cases of blockchain-based digital assets have not fulfilled...
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 day after the bank said in a filing with the Securities and Exchange Commission (SEC) that it was delaying its annual...
October 25, 2022
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 earlier this month, it did so for a very simple reason: Consumers want it. In a recent survey, the card payments giant found that 60% of consumers were interested in […]
January 11, 2021
Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system...
June 12, 2024
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 working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees by CEO Charles Cascarilla. Reached by PYMNTS, a Paxos spokesperson […]
August 07, 2023
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 stablecoins offer for payments and...
May 23, 2023
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 “insiders” who said the cryptocurrency...
March 02, 2023
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 day after the bank said...
