Category: Pax

Stablecoin War: Paxos Calls Out Tether (USDT) and Circle (USDC) for Issuing Non-Regulated stablecoins

Amid the growing demand for regulating the use of stablecoins, Paxos has called out Tether (USDT) and Circle (USDC) for issuing non-regulated stablecoins. Paxos’ General Counsel and Chief Compliance Officer Dan Burstein has lashed out at the two players, in what he claims to be false claims. Recently, Circle claimed that USDC is the “world’s […]

Continue Reading

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

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

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 […]

Continue Reading

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

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

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 […]

Continue Reading

WeWork now accepts bitcoin for payments, will hold on balance sheet

Commercial real estate company WeWork now accepts bitcoin and other cryptocurrencies for payments. Announcing the news on Tuesday, WeWork said it has partnered with BitPay and will also accept ether and stablecoins USDC and PAX for payments. Coinbase has become WeWork’s first client to pay in cryptocurrency. It is not clear which cryptocurrency Coinbase will […]

Continue Reading

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

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 […]

Continue Reading

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

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 […]

Continue Reading

Chainlink (LINK) Registers New All-Time High Above $22 With High Whale Activity & Paxos Partnership

While Bitcoin (BTC) and Ethereum (ETH) are showing some tumultuous volatility, it’s time to look at some of the lesser-known altcoins. Oracle service provider Chainlink has shot 22% to hit a new all-time high above $22. At press time, LINK is trading at a price of $22.16 with a market cap of $8.8 billion. With […]

Continue Reading

Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 3 Is Now Live

Yearnify Finance (YFY) Hidden Gem – Decentralized Finance Project, Pre-Sale Round 3 Is Now Live

PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them. Yearnify aims to bring the true value of yield farming finance accessible to all users, yearnify offers the most secure and simple way to earn reliable yields on your assets. Yearnify is generally […]

Continue Reading

Yearnify Finance (YFY) Bringing Value To Decentralized Finance Ecosystem – Token Pre-Sale Is Live

Yearnify Finance (YFY) Bringing Value To Decentralized Finance Ecosystem – Token Pre-Sale Is Live

Yearnify Finance is considered as one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security majors. What is Yearnify Finance? In this article, we will provide detailed information about Yearnify Finance and its overall aspects. Yearnify Finance is […]

Continue Reading

Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live

Yearnify Finance (YFY) Next Generation Decentralized Finance Project, Token Pre-sale is Now Live

PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible to all users, we offer the most secure and simple way to earn reliable yields on your assets. Yearnify Finance is […]

Continue Reading