Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Stablecoin issuer Paxos is eyeing a major hiring push in Singapore, where it last week received a license to offer crypto products and services. The firm plans to add more than 130 employees to its current staff of 20 over the next three years, making the city-state its hub for growth outside its U.S. home. Paxos is one of the few crypto companies that are bucking the trend of the wider story in the digital-assets industry, which has been dominated by layoffs as a result of the market downturn.