Paxos Teams Up With Chainlink To Boost Adoption Across Defi Markets

New York-based Paxos, a stablecoin custodian, and issuer, is set to integrate Chainlink, a decentralized oracle network. The partnership between the two aims to overhaul Paxos’ role in DeFi markets, allowing users to expand their asset-backed stablecoins – Paxos Standard (PAX) and Paxos Gold (PAXG). According to the announcement from the Paxos team, the stablecoins […]

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Crypto Market Is Not Interested in Owning Bakkt Stock; Coinbase Is the Real Deal Making Money

This week, Intercontinental Exchange owned Bakkt announced that it is going public amidst the increasing demand for Bitcoin and cryptocurrencies. As we reported, Bakkt will go public through a merger with blank check firm VPC Impact Acquisition Holdings, giving it a $2.1 billion valuation. Backed by Microsoft and Boston Consulting Group, this deal will provide […]

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Will We See Self-Driving Banks in 2021?

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For better or worse, the COVID-19 pandemic has accelerated the momentum of many previous trends. One of them is digital automation of intellectual services. Being more quantifiable than most, financial services have entered an […]

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