Paxos

Paxos

Paxos, Firm Powering PayPal’s Crypto Service, Raises $142M

Zack SewardDec 17, 2020

Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

Paxos

Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter

Nikhilesh DeDec 9, 2020

Paxos has filed to become a federally regulated bank with the U.S. Office of the Comptroller of the Currency, joining BitPay and Anchorage.

Paxos

Paxos Makes Fresh Push for DeFi Market With New Oracle Integration

William FoxleyJan 14, 2021

Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.

Most Influential 2020

Charles Cascarilla: PayPal Whisperer

Zack SewardDec 8, 2020

PayPal pumped excitement into the bitcoin market this year. And on the back-end of every purchase is Charles Cascarilla's Paxos.

PayPal

PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer

Ian Allison Danny NelsonOct 21, 2020

PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”

Paxos

Binance

Binance Exchange to List Paxos’ Gold-Backed Cryptocurrency

Daniel PalmerOmkar Godbole

PAX Gold, a gold-backed digital asset created by Paxos, will soon launch for trading on Binance.

PayPal

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

Ian Allison

PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.

Brokerages

UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers

Nathan DiCamillo

Revolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.

Opinion

Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

Lex Sokolin

The MMM Ponzi scheme accounts for 10% of Ethereum's transactions and 50% of Paxos's. It's time the Ethereum community did something about it.

Digital Dollar

Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing Tuesday

Nikhilesh De

Witnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money.

Opinion

The $10B Stablecoin Industry Has a Fraud Problem It’s Not Addressing

JP Koning

If stablecoins are used for apparently illegal activity, should issuers step in to stop it? So far, they've been reluctant to do so, says our columnist.

Markets

Bitcoin, Equities Markets Rally on Signs of Hope

Lawrence Lewitinn

"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.