Cryptocurrency Analysis and News Portal
Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.In a Nov. 15 statement, Paxos said it received an initial nod from the Monetary Authority of Singapore (MAS) for its new entity Paxos Digital Singapore Pte.
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The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 2, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday. Source
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Cryptocurrency exchange Binance.US has updated its terms of service, hinting that direct withdrawals in United States dollars are no longer supported on the platform.Binance.US updated its terms of service on Oct. 16, modifying the section about the “BAM Fiat Wallet,” referring to Binance.US services related to U.S. dollar custody.In the
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Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD). According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading features
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Bybit, a Dubai-based cryptocurrency exchange, has announced the listing of PayPal USD stablecoin, PYUSD. PYUSD is a stablecoin issued by Paxos, a New York-based regulated financial company. The listing of PYUSD marks a significant collaboration between Bybit and PayPal, two leading players in the traditional and crypto payment sectors. By integrating
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Venmo, the peer-to-peer payment app, is set to offer PayPal USD (PYUSD), an ERC-20 stablecoin, in the coming weeks. This move integrates PYUSD into the Venmo platform, creating a seamless channel for transferring assets between millions of users. According to a press release from PayPal, Venmo users will soon be able to
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PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy
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Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claimed that it is
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Vice President of the Hong Kong University of Science and Technology is once more supporting the idea of introducing a stablecoin tied to the Hong Kong Dollar (HKD) to challenge the status of USDT, a
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