Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Tanimariya on June 15, 2020, 03:23:48 PM

Title: Almost half of all PAX stablecoin transfers linked to ponzi: report
Post by: Tanimariya on June 15, 2020, 03:23:48 PM

The latest report from crypto analytics firm Coin Metrics sheds some light on stablecoins and their links to illicit activity. No, it isn't about Tether.
Stablecoins have come under fire over the past year from global regulators who warn that these cryptocurrencies could be misused for nefarious activities. Perhaps none more so than Tether, which is often pegged as the bad boy of Bitcoin’s gang of stablecoins.

But compared to Paxos (PAX), Tether might come off looking squeaky clean.
Read more info: https://decrypt.co/31761/paxos-stablecoin-transactions-linked-ponzi-report-claims

Title: Re: Almost half of all PAX stablecoin transfers linked to ponzi: report
Post by: kent47400 on July 07, 2020, 10:09:21 AM

Maybe PAXOS is the best option for hackers or other evil deeds because PAXOS is a pretty good stable coin on CoinMarketCap's top 100 radar.
If these criminals are looking for a way to make transactions using Tether then that is not good because this Tether tends to be clean after the ultimatum of 2017.

So, PAXOS cannot refuse to work from criminals because PAXOS is used for stable cryptocurrency.

Title: Re: Almost half of all PAX stablecoin transfers linked to ponzi: report
Post by: jonathancool220 on July 21, 2020, 03:15:01 PM

Looks like this is bad news for PAX because so many people use PAX for problems in "Ponzi".
If we see Ponzi it's very dangerous because this ends in deception and this is very regrettable with what happened PAX.

But we can go back to ourselves where PAX was created by the developer as a stable coin and the use of PAX is free to use by anyone, including the good or bad.