Paxos applies for clearing license with SEC following successful pilot tests
The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet. Go to Source Powered by WPeMatico
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Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst
Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due to crypto,” with 50% of Paypal crypto users … Read more
PayPal crypto partner Paxos closes $142M funding round
The stablecoin issuer is pursuing ambitious plans in the expanding crypto space. Go to Source Powered by WPeMatico
Paxos seeks approval to become fully-regulated crypto bank
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Go to Source Powered by WPeMatico
As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets
Paxos CEO Charles Cascarilla sees a bright future for tokenized assets — possibly through PayPal Go to Source Powered by WPeMatico
Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23
These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress. Go to Source Powered by WPeMatico
Regulation will keep PayPal’s new crypto services from looking anything like crypto
For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. Go to Source Powered by WPeMatico
Cloudbet Unveils Betting With Gold in Gaming World First
Cloudbet, the pioneering crypto casino and sportsbook, has added Pax Gold to its platform, making history by allowing players to bet online with gold for the first time ever. The integration of gold betting on a crypto-gaming platform marks a unique milestone in the evolution of tokenisation, whereby a physical asset is made divisible, tradable … Read more
Binance Supporting Flow Blockchain with BUSD Stablecoin
New York, September 17, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, announced today the agreement to support BUSD stablecoin on Flow, the blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot. This is an important step for all Flow … Read more
PayPal to Reportedly Offer Crypto Trading Through Paxos Partnership
PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos. Go to Source Powered by WPeMatico
