Interactive Brokers rolls out crypto trading with Paxos
Global electronic brokerage firm Interactive Brokers Group is teaming up with Paxos to enable crypto trading. Interactive Brokers’ clients can now trade and custody Bitcoin,…
Tag: Paxos
Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates
With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency…
Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions
Two over-the-counter trading desks say their accounts at Gemini, the crypto exchange founded by U.S. investors Cameron and Tyler Winklevoss, were abruptly closed without explanation…
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin
A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. Revealed exclusively to CoinDesk, the…
Gemini Dollar (GUSD) vs. Paxos Standard (PAX)
What GUSD and PAX Have in Common Both of these are: the world’s first-ever regulated stablecoins, approved and regulated by the New York State Department of Financial Services (NYDFS);…
$65 Million: Blockchain Assets Platform Paxos Raises Series B Funding
Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. The…
Former FDIC Chair Says ‘We Don’t Ban Assets,’ Bitcoin Just Needs To Be Regulated
Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s “Fast Money” on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an…