Tag: PAX

Arthur Hayes Dubs US Treasury Secretary ‘Bad Gurl’ of Pax Americana

Hayes predicts that Yellen’s actions, in collaboration with the US Federal Reserve, will result in a net liquidity injection of $1 trillion into global financial markets. In a recent essay titled ‘Bad Gurl,’ Arthur Hayes, a renowned crypto expert and former CEO of BitMEX delves into the intricate world of finance, spotlighting the influential figure of US Treasury Secretary Janet Yellen. Hayes characterizes Yellen as the orchestrator of financial maneuvers capable of shaping the global economic landscape.  The Power and Influence of ‘Bad Gurl’ Yellen Janet Yellen, according to Hayes, holds…

Introducing Snowfall Protocol (SNW), A New Crypto To Rival Bitcoin (BTC) And Paxos Standard (PAX)!

Place/Date: – December 9th, 2022 at 4:43 am UTC · 4 min read Source: Snowfall Protocol Crypto fanatics, prepare to be blown away! In recent years, the cryptocurrency market has been booming, with new and innovative projects being developed to rival the likes of Bitcoin (BTC) and Paxos Standard (PAX). Similarly, Snowfall Protocol (SNW), one of the top contenders, is eager to welcome you on your crypto journey. This new digital coin is quickly gaining popularity and is poised to become a major player in the world of cryptocurrencies. Read…

PAX Gold (PAXG) Trades In Green While Other Coins Stuggling

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The FTX controversy has pulled the entire crypto market down, with top tokens struggling to stay afloat. Despite the bearish sentiment, PAX Gold (PAXG) has continued to trade in the green zone, keeping substantial intraday and one-week gain. The gold-backed crypto was trading at $1,762, a 2.17% intraday increase and a 5.80% week-on-week gain at press time. However, trading activity on PAX Gold has decreased in the past 24 hours. Specifically, the gold price-pegged crypto saw trading volume down 16% in the 24 hours. At the same time, PAXG gained1.78%…

PAX Gold (PAXG) Leads Weekly Gains Among Top Coins

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As the market suffers from FTX’s liquidity crisis, PAX Gold (PAXG), a commodity-backed crypto, continues to lead weekly gains. The 65th largest crypto by market cap was seen keeping a week-on-week gain of 5.26% and an intraday gain of 1.12%. Based on current market movement, PAX Gold is the week’s highest gainer. In fact, no other altcoin could boast of any gains, as the entire board was painted red. Notably, PAX Gold has received many mentions on social media within the last few days. The catalyst is also tied to…

What is PAX Gold (PAXG) and how does it work?

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In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold? Gold is a commodity that dates back thousands of years as a store of value and as a means of exchange and is still successful today. Even with the invention of decentralized digital cryptocurrency, gold has remained just as…

Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar – Bitcoin News

Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency during the test, but David Marcus, head Of Facebook Financial, stated they still plan to launch with Diem once it gets greenlighted by regulators. Novi Launches Test Pilot Sans Diem Novi, Facebook’s digital…

Gemini to accept deposits in PAX Gold, Amp and Compound

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Crypto exchange Gemini will begin accepting deposits in PAX Gold (PAXG), Amp (AMP) and Compound (COMP) with trading to start Sept. 15. Gemini will offer US dollar trading pairs for PAXG, AMP, and COMP via its ActiveTrader platform and API connections. The exchange will also offer trading and custody support for 12 cryptos and custody for 13 cryptos. Gemini co-founder Tyler Winklevoss tweeted the addition of PAXG, COMP and AMP shows the exchange’s commitment to DeFi. The #DeFi revolution is upon us. @Gemini is now accepting deposits for $AMP @amptoken,…

Cancel PAX East & GDC 2020 Before Coronavirus Gets Even Worse

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Companies like Sony and Kojima Productions have pulled out of various gaming events. Some people, such as the mayor of Boston, have accused them of being ruled by fear. Far from scaremongering, these decisions are an act of justified caution. The coronavirus outbreak has been one of the biggest disruptors to the gaming industry in recent memory. Esports events have been canceled. Next-gen consoles launch timelines are under threat. And major brands have begun pulling out of GDC 2020 and PAX East in droves. Iconic companies like Sony and Kojima…

A Guide to PAX Gold

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Stablecoin issuer PAXOS recently introduced its first gold-backed cryptocurrency PAX Gold. In a press release published in September, the financial operator claimed that it’s “the first crypto-asset redeemable for physical gold.” According to the report, it is also the first regulated digital gold product as it received approval from the New York State Department of Financial Services. As it’s an asset-backed cryptocurrency, ownership of a PAXG token is equivalent to 400oz of gold, which you can redeem at any time. As an ERC-20 token, it’s developed in the Ethereum blockchain.…

Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

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San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens. According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar.  OmiseGO is a finance-oriented scaling network for Ethereum and is powered by the Ethereum-based OMG token. At press time, OMG has a…