Ripple’s XRP Has Been Officially Added by Bitpay for Thousands of Merchants
As BitPay officially launched support for XRP, eGifter and CareUSA were announced among the first merchants to accept XRP as a payment method.
Crypto Payments Company BitPay Adds Support for Ethereum
By
Darya Rudz
BitPay users will be able to accept Ethereum for payments, store Ethereum in a BitPay wallet and get access to Ethereum on BitPay prepaid Visa cards.
Paxos Decides to Digitize Gold With Its Gold-backed ‘Pax Gold’ Stablecoin
With this move, Paxos plans to democratize the gold trading process by leveraging the power of blockchain technology. The Pax Gold (PAXG) token will make Gold mobilization absolutely easy.
Paxos is All Set to Issue $100 Million of PAX Stablecoins on Ontology Blockchain
Paxos Standard (PAX) stablecoin is to become available on the Ontology’s blockchain network in May to facilitate fiat transactions.
Bitfinex Under Scanner for Covering Up $850M Loss of Tether Reserves, Markets React
The fresh allegations come from the New York Attorney General’s office that accuses Bitfinex of covering the massive loss by transferring funds from Tether reserves without informing the exchange’s customers.
Coinbase-Backed Reserve Points at Wash Trading and Artificial Inflation in Stablecoin Market
Reserve CEO, Nevin Freeman says that stablecoin projects indulge into dubious activities trapping investors funds to artificially inflate demand and thus the market cap of the stablecoins.
OKEx Exchange Starts With No-Expiry Bitcoin Derivative Product
The second-largest cryptocurrency exchange, OKEx has created a Bitcoin derivative product called “perpetual swap”. However, there’s no expiry date. The lack of expiry data allows positions to be held on an ongoing basis.
Crypto Market Recovers with Tether and EOS Leading the Way
Finally, crypto market starts showing at least some signs of recovery: Tether (USDT) manages to enter the top-five cryptos by market cap (for the short period of time though) while EOS gains considerable 25%.
Paxos Standard Stablecoin Wins a Spot at BitPay on Its Way Towards Broader Usage
Thanks to a newly established partnership with crypto startup Paxos, payments firm BitPay will allow its merchants to use PAX in settling transactions.
Paxos Standard Approaches Tether in the Stablecoin Race with the Market Cap Making over $41M
By
Darya Rudz
The leading stablecoin Tether is challenged by PAX which has seen growth lately and has a market capitalisation of $41.94 million.