Paxos

The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk...

By CoinDesk Inc

Feb 10, 2023 at 4:35 p.m. UTC

Feb 10, 2023

Nikhilesh DePaxoscdtvStablecoinFM Clipcrypto regulationNYDFSNik De

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Policy

Regulations

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator

The scope of the crypto-related investigation is not yet clear.

By Nikhilesh De

Feb 9, 2023 at 8:53 p.m. UTC

Feb 9, 2023

RegulationsPaxosNYDFSInvestigationStablecoinsExclusive

Markets

Makerdao

Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin

The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve.

By Krisztian Sandor

Jan 19, 2023 at 11:23 p.m. UTC

Jan 19, 2023

MakerDAOStablecoinPaxosUSDPDAIDAODao governance

Markets

Nansen

Justin Sun Looks to Calm Crypto Market Fear as BNB Falls 8%, Withdrawals Continue on Binance

Justin Sun deposits $100 million into Binance as outflow hits $1.8 billion, while BNB drops 8% and value departs BSC-based DeFi protocols

By Sam Reynolds

Dec 13, 2022 at 8:32 a.m. UTC

Dec 13, 2022

NansenBinanceCoinbasePaxosHuobiJustin Sun

Video

Bitcoin

FTX Fallout: Bitcoin Miners’ Balance Slides; Paxos Ordered to Freeze $19M in Crypto

Bitcoin (BTC) miners or entities generating the cryptocurrency seem to be running down their coin stash amid the FTX-induced market panic. U.S. federal authorities have ordere...

By CoinDesk Inc

Nov 14, 2022 at 8:49 p.m. UTC

Nov 14, 2022

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Policy

Regulations

Paxos Ordered by US Officials to Freeze $19M in Crypto Tied to FTX

Federal law enforcement asked the crypto issuer to freeze assets associated with four ether addresses as investigations into FTX collapse intensify.

By Sandali Handagama

Nov 14, 2022 at 3:20 p.m. UTC

Nov 14, 2022

RegulationsFTXPaxosSam Bankman-FriedUS Department of Justice

Finance

Paxos

Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report

Co-founder Rich Teo told Bloomberg the firm is planning a three-year expansion built around Singapore as its hub for growth outside the U.S

By Jamie Crawley

Nov 7, 2022 at 9:57 a.m. UTC

Nov 7, 2022

PaxosSingaporeHires

Video

Circle

Singapore Regulator Grants Licenses to Stablecoin Issuers Circle and Paxos

The Monetary Authority of Singapore (MAS) has granted stablecoin issuer Circle an in-principle license that allows it to operate as a payments company in the country. Circle r...

By CoinDesk Staff

Nov 2, 2022 at 3:37 p.m. UTC

Nov 2, 2022