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| Paribus 
| #PBX
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| PBX Price: | $0.000242 | | Volume: | $211.6 K | | All Time High: | $0.042 | | Market Cap: | — |
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| Circulating Supply: | — |
| Exchanges: | 4+
| | Total Supply: | 10,000,000,000 |
| Markets: | 4+
| | Max Supply: | — |
| Pairs: | 5
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The price of #PBX today is $0.000242 USD.
The lowest PBX price for this period was $0, the highest was $0.000242, and the current live price for one PBX coin is $0.00024150.
The all-time high PBX coin price was $0.042.
Use our custom price calculator to see the hypothetical price of PBX with market cap of BTC or other crypto coins. |
The code for Paribus crypto currency is #PBX.
Paribus is 3.6 years old. |
The current market capitalization for Paribus is not available at this time.
Paribus is ranked #1975 out of all coins, by market cap (and other factors). |
The trading volume is medium during the past 24 hours for #PBX.
Today's 24-hour trading volume across all exchanges for Paribus is $211,581. |
| The total supply of PBX is 10,000,000,000 coins. |
| Note that there are multiple coins that share the code #PBX, and you can view them on our PBX disambiguation page. |
Tackling the Wallet Challenge
In the volatile bear market where cryptocurrency’s survival is questioned almost daily, there’s a silver lining: signs of its increasing acceptance are emerging weekly. Once consigned to the peripheries of mainstream discourse, dominated by negative narratives, crypto has become a significant theme in political life in the U.S. and elsewhere. Yet, for many new to this realm, getting to grips with the technology remains a significant barrier. The intricacies of buying, storing, and managing digital assets through a crypto wallet can often be daunting. To gain a deeper insight into the state of play in wallet development, we spoke with one of our advisors, Jack Rousian. Jack said, “The first step is truly understanding who these users are. What are their pain points, unmet needs, and frustrations? It’s vital for product and design teams to go out in the real world and talk to customers and conduct thorough UX research. Every idea we conceive carries a set of challenges, like notes in a symphony. But when you truly listen, you can hear the melody that weaves them together.” Too many projects in the space today, he noted, fail to pay enough attention to the importance of user feedback. This omission is particularly glaring in wallet development and needs to change if the space will successfully onboard significant numbers of new users. Jack characterizes these as “Individuals new to the crypto and blockchain space, l... 
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Macro Impacts on Micro Markets
This week sees several noteworthy events taking place that will likely cause a lot of speculation and hyperbole in the crypto media but will do little to the market in the short term. China’s economic approach remains in the spotlight as Beijing cuts rates; meanwhile, all eyes are on the BRICS summit in South Africa and Jerome Powell’s annual remarks at Jackson Hole. Last week, most people were taken off guard by the sudden interest rate cut by the People’s Bank of China (PBoC). We weren’t surprised because two weeks ago we explained that China was about to implement a policy to stimulate its economy. Some analysts cried doom, interpreting this as the twilight of China’s economic might. However, viewing these moves through the lens of the ongoing U.S.-China trade impasse is crucial. The animosity between the two giants intensified after President Xi Jinping’s decision to lift covid restrictions last year. Apprehensive about China regaining its economic momentum, the U.S. retaliated with stringent sanctions and pressured U.S. buyers to source products from Vietnam rather than China. The consequences are that unemployment remains high, people are holding onto savings, and therefore the interest in buying property has plummeted. While some in the crypto-media interpret this as a potential meltdown for global markets, the opposite may be true. A softer Chinese monetary policy could be a windfall, particularly with H...
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SEC Wars
In a scenario reminiscent of the renowned scene in Star Wars where walls inexorably close in on Luke Skywalker and his team, Gary Gensler, Chair of the Securities and Exchange Commission (SEC), seems to be facing similarly pressing confines. Over the past few days, his anti-crypto war has been attacked on three fronts, all of which threaten to depose him. Although platforms such as X have been rife with speculation regarding Gensler’s potential departure for some time, the latest developments have significant implications that might compromise his crackdown on prominent players like Coinbase and XRP. Refusing to bow down and settle, Coinbase has upped the ante by filing a series of amicus briefs, asking the judge to dismiss the case against them. An amicus brief, or amicus curiae in Latin, literally means ‘friend of the court.’ These submissions hail from experts external to the core proceedings, aiming to provide the court with deeper insights or clarifications on the case’s technical aspects. On the 11th of August, the salvo of briefs submitted by Coinbase included notable names such as Andreessen Horowitz, Paradigm, The Chamber of Digital Commerce, and US Senator Cynthia Lummis. However, a particularly damaging submission for the SEC emerged from a group of distinguished law professors well-versed in securities laws. Their detailed representation highlights that precedent legislation, including the benchmark Howey...
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Sanctions and Scapegoats
Amid the chatter surrounding cryptocurrencies, a prevailing, misleading narrative paints it as a haven for criminals and rogue nations looking to circumvent sanctions. Yet, a closer look reveals that traditional banking is often the preferred choice for these ends, with only a minuscule percentage of crypto transactions veering into the dubious. This widespread misconception amongst the general public has its roots in a lack of understanding about the true essence and ideals of blockchain technology. This is then leveraged by the banking sector, which fears the fact that transactions require no third party for approval. The outcome is a contradiction where banks adopt the technology while simultaneously cautioning the public about its risks. The ability of people to open a wallet and buy crypto from almost anywhere in the world without requiring any credit checks or government approval is as liberating as it is terrifying for those who are used to profiting from people’s need to transact. As more people are being refused bank accounts or having them taken away from them, the need for financial sovereignty is ever-increasing. In the UK, for instance, many high street banks have placed limits on the amount of cash you can withdraw and the amount of funds you can transfer to cryptocurrency exchanges. Under the guise of protecting consumers from potential fraud, it underlines the fact that when you give your money to a bank, y...
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Banking on the Fed
In a pivotal move this week, the Federal Reserve rolled out sweeping regulations for the U.S. banking sector, focusing on stablecoins and banking facilities extended to businesses engaged in ‘crypto-asset activities’. The element of surprise was the direct issuance of these directives from the Federal Reserve without any legislative intervention from Congress. Interestingly, this decision was timed alongside PayPal’s unveiling of its stablecoin, PYUSD. The Federal Reserve has initiated a ‘Novel Activities Supervision Program,’ specifically for banking organizations engaging in activity “related to crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks to deliver financial services to customers.” Essentially it means that no regulated banking organization can begin to offer these services without prior approval from the Fed. While the knee-jerk reaction of many has been to label this initiative as anti-crypto, it is instead the Federal Reserve fulfilling its mandate to safeguard the banking sector amidst the crypto industry’s noticeable void in self-regulation. A testimony to the Federal Reserve’s comprehensive strategy is its scrutiny not merely of stablecoins but the broader ecosystem encompassing banks partnering with crypto projects, custodians, and exchanges. The Fed’s concern with stablecoins is undoubtedly based on the collapse of Luna’s stable...
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The Waiting Game
In the shadows of the bear market, a familiar script plays out: crypto influencers, with bravado and optimism, declare the brink of a bull run or forewarn of impending crashes. Yet, tokens drift sideways, making small movements in value while people’s emotions gradually get worn down. Central to the ebb and flow of this is a steady decrease in liquidity, a phenomenon not unique to cryptocurrency but observed across all global markets. In a dance as old as time, markets move slowly through cycles that repeat roughly every four years. For Bitcoin, while its halving might be on a four-year cycle, its value’s ascension and descension are intrinsically connected to these liquidity cycles. Many seasoned traders distill their approach into three phases: buy in the bear market, sit on their hands, and sell during the bull’s reign. But herein lies the challenge; such a strategy demands unwavering patience and vision — qualities often scarce within the crypto community. Amidst all the chatter about golden crosses and death crosses, it’s imperative to understand that the flow of liquidity drives significant market shifts — its entry, exit, or redistribution. Some influencers harness this truth, leveraging the promise of the next big memecoin to drain liquidity from unsuspecting and novice traders. To better understand what’s happening in the markets, you must zoom out and look at the larger picture. Getting a bett...
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A Crisis of Truth
While the standard of journalism within the cryptocurrency industry leaves much to be desired, over the past few weeks, a wave of false news and misinformation has gained momentum. While the crypto market is used to FUD, these events raise questions about the integrity of reporting within the industry. Mainstream media’s tendency to bend facts to fit particular narratives, especially when portraying crypto negatively, has been a known issue. However, the escalating problem of misinformation is not restricted to mainstream media outlets, which have grappled with this issue since they turned to online advertising for revenue. People within the cryptocurrency industry are increasingly promoting false and misleading stories. The journalistic crisis stems from two distinct factors: financial constraints and the race against time. Creating high-quality articles entails extensive research, fact-checking, and adherence to ethical guidelines such as public benefit and providing a right to respond before publication. Research and planning take time, which costs money. In an era where journalism’s revenue predominantly springs from online advertising, the funds to underwrite such rigorous reporting are in decline. Added to this is the steady evolution toward a 24-hour news cycle, putting media outlets under relentless pressure to produce content frequently. The result is a perfect storm of hurried content production and reduced jour...
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Tokens on the Move
Since bridging across to Cardano, a question has come up several times about the circulating supply of PBX tokens. To avoid any confusion, we decided to clarify some technical details about what happens to tokens during the bridge process. The concept of bridging often conjures visions of tokens traveling from one chain to another. However, the reality is more intricate, involving a system of locking and releasing tokens rather than a literal transfer. Native Ethereum tokens, for instance, are confined to the Ethereum chain, and similarly, native Cardano tokens cannot leave their host chain. During bridging, tokens are locked within a bridge system on one chain, and new tokens on the target chain are either unlocked by the bridge or freshly minted. For example, in the case of Chainport, users send their ERC-20 PBX tokens to Chainport’s wallets, which release the corresponding Cardano native PBX tokens to the user’s wallet minus any transaction fees. As we were building for Cardano, we minted mirror tokens of our circulating supply as Cardano native tokens approximately eight months ago. The Cardano tokens are locked and will only be released as and when ERC-20 PBX tokens are locked. Over 12% of the circulating supply of PBX tokens has been released on the Cardano chain. This equates to over 12% of the ERC-20 PBX tokens being locked within Chainport. This approach and our caution to avoid accidentally inflating the suppl...
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Innovation in Motion
While some may be enjoying time off in summer, our development team has had their noses to the grindstone as they push forward on completing further aspects of Paribus. Work is almost finished on the backend elements of governance and the rewards distribution API. Together these mark the end of a significant development section and will free the team up to progress in other aspects, such as the valuation service. — Product Design. — The main areas of completed work for the design team are adjustments to the configurator based on feedback from our internal testing, the governance admin panel development, and adding some new illustrations. — Frontend Development. — One of the tasks completed on the frontend is creating an interface for handling withdrawals from staking. To improve the user experience, a new tab has been added to the stake management user interface so that people can easily withdraw “expired” stakes. Further developments include successfully upgrading to Walletconnect v2 and preparing to show users how the NFT module will work. We organized an internal demo with an eye towards publicly releasing it. Other notable improvements to the user interface include the development of a modal for creating proposal descriptions. This feature, part of the proposal creation process, offers a markdown WYSIWYG editor and a preview of the description to help make the process more intuitive. Adding to t...
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A Game-Changing Act
In what was rapidly becoming one of the worst regulatory climates for crypto in the world, the events of last week in the US appear to herald a potential turning point. While the Securities and Exchange Commission (SEC) continues down its warpath of regulation through litigation, a bipartisan wave of politicians is inching towards a more collaborative and understanding approach. With fears rising about the potential relocation of blockchain innovation to other nations due to the SEC’s rigid and seemingly disproportionate measures, a new bill has been presented to the House of Representatives to redesign the landscape. Rather than regulation through litigation, lawmakers are rising to the challenge, laying out regulatory provisions designed to stimulate the growth and advancement of the space. Congressman Glenn “GT” Thompson, one of the advocates behind the proposed legislation, stated, “Today’s introduction of the Financial Innovation and Technology for the 21st Century Act marks a significant milestone in the House Committees on Agriculture and Financial Services efforts to establish a much-needed regulatory framework that protects consumers and investors and fosters American leadership in the digital asset space.” In a historic moment, the bill carves out clear guidelines for cryptocurrency projects and exchanges to coordinate with regulatory bodies to safeguard institutional and retail investors. In addition, ...
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Crypto Coin Prices and News 