Breaking: Paxos To Shut Down Operations In Canada; More To Follow?
The New York-based crypto platform, Paxos, recently announced that it would stop offering services to customers based out of Canada. This comes after a number of Canadian users reported receiving an email from the firm stating that it would be winding down services from early next month.
Paxos Debuts Whitepaper - "How the Crypto Winter May Help Save the Digital Asset Economy"
New report uncovers key attitudes in the crypto industry following the collapse of various market participants and broader market turbulence.
Paxos’s National Banking Charter Application Expired, but It May Try Again
Paxos’s dreams of a national banking charter died last week of extreme old age. The stablecoin issuer's application for a new bank charter, originally filed in December 2020, expired on March 31, records from the Office of the Comptroller of the Currency show.
Want to Manage a $20 Billion Stablecoin Portfolio? Paxos Is Hiring
Paxos, the stablecoin issuer that's been on the front lines of the U.S. crack down on crypto, is looking for help managing its reserves and is seeking a new "Head of Portfolio Management," according to a job listing on LinkedIn posted five days ago.
Nasdaq Says Institutional Appetite in Crypto Is Steady As It Plots Push Into Custody, Trading
Nasdaq is betting its established reputation will help it secure a strong place in the world of crypto.
Paxos Completes $7.9B Redemption of Binance USD (BUSD) in 32 Days
Blockchain and tokenization infrastructure platform Paxos announced that it has completed redemption of over $7.9B Binance USD (BUSD) in 32 days.
Paxos Completes $7.9B Redemption of Binance USD (BUSD) in 32 Days
Paxos will continue to support BUSD in circulation for at least one year.
Paxos Manages the Safe Redemption of $7.9B BUSD in One Month Without Market Disruption
All BUSD remains fully-backed 1:1 with USD cash & cash equivalents held in custody with the company’s NYDFS Trust, and Paxos will continue to support BUSD in circulation for at least one year.
Coinbase Lost $240M in Signature Bank Closure
Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.
Crypto Evening Briefing: Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
