| Paxos Standard (PAX) |  | Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. It has a market cap of over $135.4 million, a circulating supply of over 133.9 million and has traded over $78.4 million in the last 24 hours according to CoinMarketCap.com.
PAX/BTC is breaking out of a small ascending triangle that has been forming since January 13 today with a close above 0.00028660. Being a stablecoin, being long PAX is a way to short BTC against the U.S. dollar as the dollar strengthens. A target based on prior resistance and the formation would be near the Dec 15 high of 0.00031880. A potential stop could be placed below today's low and increased below each successive higher low.
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| | News To Know | | Messari Reports Suggest Ripple Market Cap Overestimated by $6.9 Billion
Researchers and analysts at a cryptocurrency and digital assets data startup Messari suggests an astounding revelation on Ripple's XRP. It has revealed that the market capitalization of the cryptocurrency might be incredibly less than is revealed by the credible data sources of today.
Weiss Rating Eats Their Words About Tron
Tron has picked up the pace in an outstanding manner, with the breakthrough coming in the mid of 2018 through its mainnet. It's already been acknowledged in a tweet by Weiss Ratings, the worldwide independent rating agency as a popular project. The rating agency emphasized on the TRX/USD trading pair looking the most bullish amongst its cryptocurrency competitors.
From the UK to Malaysia: How Countries Have Been Classifying Crypto Across the World
On Jan. 23, the United Kingdom's Financial Conduct Authority's (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed "Guidance on Cryptoassets." As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time to reassess how other crypto markets, specifically the major ones, are dealing with cryptocurrencies on the juridical level.
Portal Allows You to Buy Altcoins Using Fiat, Without Converting to Bitcoin or Ethereum First
A new crypto purchasing portal is enabling users to purchase more than 20 cryptocurrencies and altcoins using fiat directly. Netcoins, the Canadian company behind the app, says the recently launched service is operational 24/7 online — helping to deliver real-time transactions without delays.
Binance's Trust Wallet Adds Support for Dash
Binance's Trust Wallet announced that it had added support for the cryptocurrency Dash. Dash can now be added to a user's list of coins by clicking the '+' symbol and selecting the digital currency. Dash is based on Bitcoin and offers a more inexpensive, portable and faster form of money which can be used securely.
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| | | Source: Coinmarketcap.com | |
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