Crypto EcoBlog
It is becoming a trend that the SEC is choosing enforcement actions over dialogue. The United States-based digital currency trading platform Bittrex is likely the next exchange to face enforcement actions from the Securities and Exchange Commission (SEC). According to a report by the Wall Street Journal, the trading platform has received a Wells Notice from the regulator for key aspects of its operations within the country. According to the notice which is typically issued before...
Read More »Gary Gensler on FTX Fallout and Deceptive Crypto Market
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Read More »PayPal’s Digital Currency Friend Paxos Trust Experiences Major Funding Round
Paxos Trust – the official cryptocurrency partner of PayPal – has garnered more than $140 million in fresh funding through a Series C funding round.Paxos Trust Is Getting Its Hands on a Lot of MoneyThe round was led by a company known as Declaration Partners, an investment enterprise backed by billionaire and philanthropist David M. Rubenstein. Other companies to take part in the funding round include Mithril Capital, RIT Capital Partners, RRE Ventures and Liberty City Ventures.CEO of Paxos...
Read More »Paxos Trust Wants to Establish Its Own Crypto Bank
The crypto space and the traditional banking space appear to be one and the same as of late. There have been several crypto-based companies that are seeking to either establish their own banks or establish themselves as banks, and Paxos Trust – the official crypto partner of digital payment system PayPal Holdings Ltd. – is the latest firm to travel this route.Paxos Trust Is Trying To Become a Little MoreThe company has recently submitted paperwork with the Office of the Comptroller of the...
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