paxos News and Articles

Brazilia-based digital wallet application and payments solution PicPay started providing crypto services to more than 30 M users. Through the platform, users can buy, hold, and sell cryptos in a direct way. PicPay teamed up with the blockchain tech company Paxos to enable users to access cryptos....

The other day it became known that the Monetary Authority of Singapore approved the application of the Paxos crypto company to conduct activities in the country. The decision to issue the appropriate license was taken by all regulatory bodies unanimously. Paxos, by the way, has been afloat for...

According to the CEO of Paxos stablecoin developer Charles Cascarilla, in 2022 the cryptocurrency industry will enter a qualitatively new phase of development. First of all, this concerns the entry of institutional investors into digital assets. We will also see the massive adoption of...

Meta's Novi wallet will allow transferring money via the popular communication app WhatsApp. As VP of product at Novi, Stephane Kasriel revealed, the feature becomes available today (Dec. 9) for a certain number of users in the USA. The executive said, sending money will be as simple as a message. ...

Regulated blockchain infrastructure Paxos, the developer of the stablecoin PAX Gold and PAX Standard announced raising $300 million in its Series D funding round headed by Oak Technology. In total, the company raised $500 M. Its valuation stands at around $2.4 B. Paxos is going to use the capital...

The Office of the Comptroller of Currency (OCC) under the US Treasury has approved Paxos's application for a nationwide trust bank license. The company has a year and a half to comply with all regulatory obligations. The OCC will then issue a permanent license to the organization to operate in all...

On January 14, Paxos announced a partnership with Chainlink to exploit its industry-leading decentralized oracle system and make its tokens more reachable in the DeFi environment. The stablecoins paxos standard (PAX) and paxos gold (PAXG) are now accessible on Chainlink’s oracle network. ...

The news was provided by Circle Co-Founder and CEO Jeremy Aller, who shared on Twitter a screenshot of a purchase confirmation worth about 0.0075 BTC equivalent to $100. The purchase rate was $ 13,265 plus a small spread, no commissions were charged. At the moment, PayPal is not a BTC wallet, but...

Paxos Trust Co., a blockchain firm that works with economic organisations, received permission to settle stock trades in real-time, which can become a real menace to the Depository Trust & Clearing Corp.’s half-century investment market dominance. The US Securities and Exchange Commission...