Paxos

Circle posts $482M loss, Trump’s WLF inks $1.5 billion deal
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13 August, 2025

Circle posts $482M loss, Trump’s WLF inks $1.5 billion deal

Circle saw its revenue jump 53% to $658 million but still reported a $482M loss from IPO costs, while ALT5...
Paxos exits Canada amid increasing regulatory crackdown
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14 April, 2023

Paxos exits Canada amid increasing regulatory crackdown

Paxos follows exchanges OKX and dYdX which have announced exits from Canada at a time when regulators have enforced new...
‘Crypto’ firms unbank themselves from struggling Silvergate
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3 March, 2023

‘Crypto’ firms unbank themselves from struggling Silvergate

Silvergate notified the U.S. SEC that it wouldn't be filing the annual report on its fiscal health by March 16,...
Paxos stops minting BUSD—is Binance stablecoin finished?
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23 February, 2023

Paxos stops minting BUSD—is Binance stablecoin finished?

Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has...
SEC plans to sue Paxos over Binance USD stablecoin, stay tuned
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13 February, 2023

SEC plans to sue Paxos over Binance USD stablecoin, stay tuned

The SEC has sent a "Wells notice" to Paxos Trust over its use of BUSD; although Paxos' BUSD is "approved...
Digital currency executives testify in Congress as US lawmakers mull industry oversight
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10 December, 2021

Digital currency executives testify in Congress as US lawmakers mull industry oversight

When the hearing came to an end, it was clear that lawmakers have a positive outlook on the digital asset...
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