Paxos
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Paxos to Exit Canadian Market: What It Means for Investors
According to reports, crypto financial service provider Paxos will exit the Canadian market. The company informed Canadian customers in an email today that \”Paxos has decided to no
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Paxos to Exit Canadian Market: What You Need to Know
According to reports, crypto financial service provider Paxos will exit the Canadian market. The company informed Canadian customers in an email today that \”Paxos has decided to no
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How Cryptocurrency Can Save the Digital Asset Economy in the Winter
According to reports, digital asset company Paxos has released a white paper titled \”How Cryptocurrency Helps Save the Digital Asset Economy in the Winter\”. The white paper brings
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Why the Market Value of BUSD Has Fallen By Over 30% in the Past Month: A Closer Look
According to reports, according to the latest data from Coinsecko, the market value of the US dollar stable currency BUSD issued by Paxos has fallen below $7 billion, compared to $
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Paxos Secures National Banking License to Provide Stable Currency Services and Operate Cryptocurrency Exchanges
According to reports, records from the US Office of the Comptroller of the Currency show that the stable currency issuer Paxos initially submitted a national banking license applic
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News on April 6th: Paxos Seeks New Portfolio Management Manager
News on April 6th. According to the job list on LinkedIn, stable currency issuer Paxos is recruiting a new portfolio management manager. The company stated that the hired individua
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Paxos Celebrates Over 10 Million Active Digital Wallets Worldwide
According to reports, digital asset company Paxos announced that it has over 10 million active digital wallets worldwide. Paxos issued a statement stating that although market chal
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Paxos Successfully Processes $7.9 Billion BUSD Redemptions without Incident
According to reports, Paxos disclosed on its official website that after announcing on February 13, 2023 that it would stop casting new BUSD tokens and terminate its relationship with Coin Security, the platform has processed over $7.9 billion in BUSD redemptions in the past 32 days, accounting for nearly 50% of the current BUSD, without causing any losses to customers or causing market chaos, and has managed all customer assets in accordance with the New York State Bank Law to avoid bankruptcy. Paxos stated that currently all BUSDs are hosted by NYDFS Trust and fully supported by USD cash and cash equivalents at a 1:1 ratio. Paxos will provide support for the circulation of BUSDs for at least one year, and all other Paxos products will not be affected by BUSD redemptions. Paxos: Process over $7.9 billion in BUSD redemptions within 32 days, and will provide support for at least another year Analysis based on this information:Paxos, a fintech company…
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Paxos Introduces Deposit Insurance System for its Stable Currency Reserves
On March 13, the official Twitter of Paxos, the issuer of stable currency, said that the current deposit in Signature Bank was 250 million US dollars and the deposit insurance system had been established. All Paxos stable currency reserves are fully supported, and can be redeemed to customers at any time at the ratio of US $1:1. Paxos: Currently, the deposit in Signature Bank is 250 million US dollars Analysis based on this information:Paxos, the issuer of stable currency, has announced the establishment of a deposit insurance system for their stable currency reserves. In a tweet on March 13, the official Twitter account of Paxos revealed that the current deposit in Signature Bank had reached 250 million US dollars, and that all Paxos stable currency reserves were fully supported. The introduction of a deposit insurance system is a significant development for Paxos and for users of its stable currency. By providing deposit insurance, Paxos is able to offer a level…
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Paxos denies affiliation with Bank of Silicon Valley
It is reported that Paxos, an American encryption infrastructure company, has no relationship with Bank of Silicon Valley.
Paxos: No relationship with Silicon V -
Paxos Breaks Ties with Silvergate Bank: Ensuring Customer Protection
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement on Silvergate Bank on social media, which said that Paxos had
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U.S. market remains confident in cryptocurrencies despite recent volatility
According to reports, a recent survey by Paxos showed that although emerging asset classes have experienced a turbulent year, the U.S. market has a high enthus…
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BUSD Circulation Supply Hits New Low, Investors Redeem $6.7 Billion
According to the report, the data showed that as of the time of press release, the circulation supply of the stable currency Binance USD (BUSD) issued by Paxos…
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Paxos Treasury Destroys Over 138 Million BUSD in Recent Data
According to reports, Whale Alert data showed that Paxos Treasury destroyed 138440221 BUSD.
Paxos Treasury destroyed 138440221 BUSD
Interpretation…
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Coinbase Halts BUSD Trading Due to Liquidity Concerns
According to reports, Brian Armstrong, CEO of Coinbase, said on Wednesday that the decision of the Exchange to suspend BUSD trading was due to liquidity concer…
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Paxos clarifies social media post about Silvergate Bank
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement to Silvergate Bank on social media. Paxos said that it had no…
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Paxos CEO Objects SEC’s Wells Notice on BUSD being Security and Seeks Banking License
It is reported that Charles Cascarilla, CEO of Paxos, raised an objection to the unilateral \”Wells Notice\” issued by the Securities and Exchange Commission of …
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Tether’s Market Value Rises After Paxos’ BUSD Halt
It is reported that the market value of the stable currency issuer Tether (USDT) has increased by US $1.9 billion to US $70.3 billion since the news that the N…
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Paxos’ BUSD: A Security Regulatory Challenge
According to reports, Reuters quoted an internal email from the chief executive of Paxos as reporting that Paxos was having a constructive discussion with the …
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Paxos Destroys 122 Million BUSDs: What Does It Mean?
According to reports, Whale Alert data monitoring shows that Paxos destroyed 122 million BUSDs at 14:54 today.
Whale Alert: Paxos destroyed 122 million…
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Crypto Market Thrives: IMX, BUSD, Paxos, and Filecoin Virtual Machine at 7:00-12:00
7:00-12:00 Keyword: IMX, BUSD, Paxos, Filecoin virtual machine
Summary of important developments at noon on February 20
Interpretation of the news…
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Paxos Liquidates 91.19 Million BUSDs
According to reports, Whale Alert data showed that Paxos destroyed 91.19 million BUSDs today.
Paxos destroyed 91.19 million BUSDs today
Interpreta…
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Potential Impact of SEC Lawsuit on Stable Currency Market
On February 20, it was reported that if the United States Securities and Exchange Commission formally filed a lawsuit against Paxos, it would have a significan…
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Decreasing Supply of BUSD and Its Impact on the Cryptoeconomy
On February 20, according to statistics, 28.61 BUSDs have been withdrawn from the market in the past six days, that is, the supply has decreased by 17.77% duri…
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Institutions Eyeing Launch of New Stable Currency to Replace BUSD
It is reported that some institutions have contacted and proposed to launch a new stable currency to replace BUSD. According to Patrick Hillmann, the chief str…
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Regulatory Action Targets BUSD but not other Cryptocurrencies, says Bernstein
It is reported that Bernstein said in a research report on Thursday that the regulatory action against the Binance USD (BUSD) stable currency and its issuer Pa…