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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate. дальше »

2024-6-13 04:00


Ripple CEO Brad Garlinghouse Affirms XRP Is Not a Security Ahead of Stablecoin Launch

At the XRP Las Vegas conference, Ripple's CEO reaffirmed XRP's status, not as a security, and discussed the imminent launch of a new stablecoin designed to attract institutional interest. The post Ripple CEO Brad Garlinghouse Affirms XRP Is Not a Security Ahead of Stablecoin Launch appeared first on BeInCrypto. дальше »

2024-5-5 20:22


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Daily Ethereum (ETH) Transactions Outstrip Bitcoin’s (BTC) by Over $3B

Ethereum’s title as the most active blockchain network is becoming increasingly reinforced as network activity on the chain is now fully ahead of Bitcoin. Stablecoin and decentralized finance (DeFi) transactions continue to catapult Ethereum’s economic activity count but often at the expense of high gas costs leading to renewed clamor for Layer-2 (L2) solutions thatRead More дальше »

2021-1-20 21:00


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New York Banks Get Approval to List and Custody Binance USD Stablecoin

New York banks can now list and custody Binance Stablecoin, Binance USD, (BUSD) after the recent approval by the New York Financial Department of Financial Services, NYDFS. The NYDFS updated its greenlight list to include Binance USD meaning that banks can go ahead and use the asset without requiring any further approval from the regulatory […] дальше »

2020-8-9 13:48


Crypto.com Adds Paxos Stablecoin (PAX Token) to its Wallet & Card App Ahead of Earn & Credit Launch

The Crypto.com has several new publications that it has made for its investors that we should all be aware of. The platform has been considered to be a pioneer payments platform for the crypto coins that are in the market; thus the announcements that it has made are essential for investors to take note of. […] дальше »

2019-4-19 19:50


Coinbase Lists Ethereum-Based USDC, Circle Pulls Ahead In Stablecoin Race

Coinbase Lists Circle-Backed Stablecoin After weeks of uncertainty regarding the financial security and future of the Tether (USDT) stablecoin project, an amassment of prominent crypto-centric startups released their own stablecoins, which are a form of cryptocurrency that is directly tied to the value of a non-blockchain-based asset. дальше »

2018-10-24 02:52