Pax – DIGIT INFO

Coinbase prepares to delist Tether’s USDT stablecoin in Europe

DIGIT — Thu, 12 Dec 2024 14:32:40 +0000

Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

DIGIT — Mon, 06 Jun 2022 18:00:51 +0000

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG), for instance, has seen […]

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Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

DIGIT — Wed, 23 Mar 2022 15:30:11 +0000

While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG […]

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Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher

DIGIT — Sat, 19 Feb 2022 16:30:14 +0000

While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]

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2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

DIGIT — Tue, 25 Jan 2022 19:00:29 +0000

While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]

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FTX customer seeks help after mistaken deposit allegedly results in $1M in fees

DIGIT — Thu, 07 Oct 2021 05:58:03 +0000

DeFi blog Rekt claims that FTX failed to adhere to its own terms and conditions by imposing the fee.

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Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate

DIGIT — Mon, 24 May 2021 19:00:09 +0000

According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour volume. Meanwhile, stablecoins capture 50% of Monday’s global trade volume with […]

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Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion

DIGIT — Thu, 13 May 2021 23:00:31 +0000

While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like bitcoin (BTC) and ethereum (ETH) can be volatile and this has caused […]

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The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

DIGIT — Thu, 11 Mar 2021 16:30:33 +0000

During the last few months, a great number of businesses have been adding cryptocurrency support to their payment systems. On Tuesday, the luxury hotel group called The Kessler Collection announced it is now accepting digital currency payments for accommodations. The Kessler Collection’s support means eight luxury hotels will be able to accept payments in crypto […]

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Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto

DIGIT — Tue, 16 Feb 2021 00:30:28 +0000

Cryptocurrency users are leveraging their new-found wealth to fly more often with private jets. This week the directional aviation company Privatefly revealed that close to 20% of the firm’s sales were paid in cryptocurrencies last month, and 13% out of that aggregate used bitcoin. On-Demand Private Flights and Crypto According to data from the company […]

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