The New York-based crypto platform, Paxos, recently announced that it would stop offering services to customers based out of Canada. This comes after a number of Canadian users reported receiving an email from the firm stating that it would be winding down services from early next month.

New report uncovers key attitudes in the crypto industry following the collapse of various market participants and broader market turbulence.

Paxos’s dreams of a national banking charter died last week of extreme old age. The stablecoin issuer's application for a new bank charter, originally filed in December 2020, expired on March 31, records from the Office of the Comptroller of the Currency show. 

Paxos, the stablecoin issuer that's been on the front lines of the U.S. crack down on crypto, is looking for help managing its reserves and is seeking a new "Head of Portfolio Management," according to a job listing on LinkedIn posted five days ago.

Nasdaq is betting its established reputation will help it secure a strong place in the world of crypto.

Blockchain and tokenization infrastructure platform Paxos announced that it has completed redemption of over $7.9B Binance USD (BUSD) in 32 days. 

Paxos will continue to support BUSD in circulation for at least one year.

All BUSD remains fully-backed 1:1 with USD cash & cash equivalents held in custody with the company’s NYDFS Trust, and Paxos will continue to support BUSD in circulation for at least one year.

Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.

The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.