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The Latest Breaking News from Paxos

Binance's $1B recovery fund ended up in a corporate wallet

The cryptocurrency ended up in a wallet where Binance had commingled customer funds.

Fortune

Crypto bank Protego didn't meet all requirements for national trust charter, OCC says

The rejection is another blow to the volatile industry’s banking options.

Fortune

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

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SEC adds more bodies to crypto enforcement unit as companies still await rule book from Gensler

The agency started 2023 with actions against Kraken, Paxos, and Terraform Labs.

Fortune

Coinbase ends relationship with crypto bank Silvergate

After delaying its annual report, Silvergate’s share price opened more than 40% lower on Thursday.

Fortune

Robinhood received SEC subpoena shortly after FTX collapsed

The subpoena is another potential threat to Robinhood's struggling crypto business.

Fortune

Uncle Sam could replace Satoshi as the king of digital currency—if U.S. regulators get stablecoins right

People around the world already embrace the dollar. If the U.S. is smart, it will embrace stablecoins to make the dollar even more appealing.

Fortune

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Binance aggressively converted rivals' stablecoins in a massive cash grab. It didn't always tell its customers

Blockchain data suggests Binance may have been converting users' collateral without permission.

Fortune

Binance’s chief strategy officer fears strict U.S. crypto regulation could ‘choke out’ the industry and cause ‘real market volatility’

Binance’s Patrick Hillmann told Insider increasing U.S. crypto regulations are going to cost American investors over time on Monday.

Fortune

Investors take billions of dollars out of Binance USD stablecoin after regulator forces creator Paxos to stop issuing it

Paxos burned at least $380 million worth of the stablecoin this week.

Fortune

What the regulators' move against Binance and Paxos means for crypto

The SEC and the state of New York just went after Binance's stablecoin and the firm that issues it.

Fortune

Move over stablecoins, ‘deposit tokens’ are the next big thing in crypto says JPMorgan

Deposit tokens could serve all the functions of stablecoins while benefiting from being integrated into the traditional financial system, claims a study by JPMorgan Chase.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

Fortune

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Fortune

With crypto banking on the brink, rumors are flying

An obscure government office is at the center of uncertainty for two key companies.

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Benzinga

CZ Slams Reports Binance's Reserves Are Full Of Its Own Tokens: 'Numbers Are All Wrong'

Binance CEO Changpeng Zhao on Friday came down heavily on a report the cryptocurrency exchange holds $74.6 billion in tokens, out of which nearly 40% are its own stablecoin

Benzinga

Paxos' Strategy Head Talks Tokenizing US Equities And Re-Platforming Trillions In Assets

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

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Benzinga

State Street Exec Talks Cutting Friction, Opportunity Costs With DLT For T+0 And Custody

The regulated blockchain infrastructure platform Paxos and State Street Corporation (NYSE: STT) launched a partnership on services integrations in May.

Benzinga

Blue Ocean Technologies' CEO Says 24-Hour Stock Trading Is Coming

Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

Benzinga

Nubank Taps Paxos To Cater To Latin America's Growing Thirst For Crypto Trading

In partnership with regulated blockchain infrastructure provider Paxos, Nu Holdings’ (NYSE: NU) Nubank announced its entry into crypto trading with a simple and safe

Benzinga

Leumi Israel's Second-Largest Bank to Offer Bitcoin and Ethereum Trading

Bank Leumi (OTC: BLMIF) (LUMI.TA) will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.

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