Web3 data warehousing platform Space and Time is partnering with publicly listed South Korean gaming firm Wemade. Founded in 2000, Wemade is a games developer known for the title “The Lege...
Tag: Backed
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system. In ...
Bitcoin (BTC), Ethereum (ETH), and Web 3.0 Asset Backed HedgeUp (HDUP)
The popularity of crypto continues apace with more ‘everyday investors’ – many complete novices – enjoying the benefits and rewards. And while Bitcoin may have heralded the start of disruptive, decent...
Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges ⋆ ZyCrypto
Advertisement     Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar. The proposed Satoshi Nakamoto Dol...
Rivian’s Target Is Attractive Versus Tesla Backed By Topline Growth Prospects, Robust Demand, Analyst Says; Debt Offering Likely To Fuel Capex
Mizuho analyst Vijay Rakesh maintains Rivian Automotive Inc (NASDAQ: RIVN) with a Buy and lowers the price target from $37 to $35. RIVN announced a $1.3 billion green convertible senior note offering....
SelfKey Introduces Digital Verification Solutions Backed by ZK and AI Tools
Vladislav Sopov SelfKey’s proof of individuality (POI) allows entrepreneurs and users to address fake identity issues Contents SelfKey employs zero-knowledge mechanisms for identity verification...
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s deci...
Cumberland Labs backed Hashnote launches regulated DeFi platform
Deals • February 28, 2023, 9:00AM EST A regulated decentralized finance (DeFi) platform for institutions, Hashnote, launched after a $5 million incubation with early stage blockchain investor Cumberla...
Former Ripple Director Responds to Rumors That XRP May Be Backed by Gold
It is unclear if this latest speculation relates to the controversial XRP buyback proposal. Rumors have made the rounds in the last few days that XRP may be backed by gold, with influencers predicting...
This Is Why XRP Cannot Be Backed by Gold, Ex-Ripple Official Explains
Ripple’s former director of developer relations, Matt Hamilton, has dispelled another popular misconception surrounding XRP. This time it was talk and speculation that XRP could be backed by gol...
Blocto Wallet Closes Series A Funding Backed by Mark Cuban, Valuation Rallies by 700%
Vladislav Sopov Blocto cross-chain cryptocurrency ecosystem successfully completes another funding round supported by VC heavyweights Contents Blocto completes Series A round, secures funding from Mar...
Upshot Enters NFT Lending Space With Managed Strategies Backed By Its Industry-Leading Appraisals
Breadth And Accuracy Of ML Appraisal Models To Provide More Reliable LTV For Lenders NEW YORK–(BUSINESS WIRE)–Upshot, a firm building financial infrastructure for NFTs and other traditionally illiquid...
Fed Wants ‘Substantially’ Lower Inflation Before Easing Interest Rates—And Some Officials Backed More Aggressive Hikes
Topline With inflation continuing to run hotter than expected, the Federal Reserve is showing no signs of backing down on its aggressive monetary policy, according to notes from the Fed’s policy...
Almost all officials backed quarter-point hike
WASHINGTON (AP) — Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. ...
A16z backed Bitski launches digital currency wallet
Web3 • February 22, 2023, 8:00AM EST Bitski today rolls out a new wallet targeting crypto natives and newcomers alike. Backed by major investors such as A16z, Galaxy Digital and Kindred Venture...
The Sandbox joins hands with NFT Technology to enter the crypto world, Enjin Coin backed Efinity approved by Japanese regulators, User-friendly TMS Network is quickly establishing itself as the preferred trading platform
The Sandbox (SAND), powered by Ethereum, is a multiplayer metaverse for blockchain-related games. Players can monetize and participate in blockchain-based games with The Sandbox (SAND). The Sandbox (S...
Project’s Groundbreaking makes altcoin backed by bitcoin billionaires to surge
The world of cryptocurrencies is filled with ups and downs. While Bitcoin has been the most prominent cryptocurrency in the world for many years, there are now many other cryptocurrencies that have ga...
Altcoin Backed by Bitcoin Billionaires Surges 35% As Crypto Project’s ‘Groundbreaking’ Update Nears
An altcoin backed by a pair of famous Bitcoin (BTC) billionaires is surging as the crypto project’s upgrade rapidly approaches. New data reveals that storage-focused blockchain Filecoin (FIL), which i...
Beyoncé Backed Hydration Company, Lemon Perfect, Bags Nearly $37 Million In Latest Funding Round
Yanni Hufnagel is the founder and CEO of Lemon Perfect. Lemon Perfect Lemon Perfect, has raised another $36.8 million in its latest equity deal, according to an SEC filing, just one year after the Atl...
U.K. Launches CBDC Project Backed by BoE
The United Kingdom (U.K.) has stepped up its efforts to introduce a central bank digital currency (CBDC). The Bank of England (BoE) issued a consultation paper along with the H.M. Treasury outlining t...
Key Entity In XRP Ecosystem Backed By Ripple Shuts Down
Coil, a key entity in the XRP ecosystem and a company backed by millions of dollars from Ripple has surprisingly announced that it will cease operations. The company, led by CEO Stefan Thomas, used to...
Toyota Motor Corporation Backed Web3 Hackathon All Set on Astar
One of Japan’s major companies, Toyota Motor Corporation, is sponsoring its first-ever global Web3 hackathon. To create Web3 use cases for Toyota’s workforce, it has selected Astar Network, the smart ...
Crypto-friendly bank ends loans backed by mining rigs: Details inside
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the sever...
ADA backed stablecoin Djed launched on Cardano
Djed, the overcollateralized stablecoin on Cardano, is now live on the mainnet after more than a year of development, planning and completing a successful security audit. COTI’s Djed algo-stablecoin l...
Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin
Because to a cooperation between Poundtoken and BitcoinPoint, the first 100% backed GBP stablecoin in the nation, denoted by the symbol $GBPT, will be available to retail customers via a network of 18...
Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250B Bond Can Be Revealed
Join the most important conversation in crypto and web3! Secure your seat today U.S. District Judge Lewis Kaplan ruled on Monday that the names of the two currently unidentified people who co-signed S...
Longevity Startup VitaDAO Raises $4.1m, Backed By Pfizer, Balaji Srinivasan
VitaDAO is developing drug assets as IP-NFTs VitaDAO, scientific illustration by Dani Bergey The web transformed life as we know it, allowing new ways of working, solving problems, and distributing cu...
Backed by Jay-Z, Web3 Hardware Startup Spatial Labs Raises $10 Million
Web3 startup Spatial Labs has raised $10 million in its seed funding round, led by Blockchain Capital and backed by billionaire rap artist Jay-Z’s venture capital firm Marcy Venture Partners. When com...
Injective launches $150M fund backed by Pantera, Jump Crypto
Finance-focused blockchain Injective has launched a $150 million ecosystem fund to accelerate interoperable infrastructure and decentralized finance (DeFi) adoption, according to a Jan. 25 press relea...
ADP Clocks 9% Revenue Growth In Q2 Backed By New Bookings, Client Retention
Automatic Data Processing, Inc (NASDAQ: ADP) reported second-quarter FY23 revenue growth of 9% year-on-year to $4.39 billion, beating the consensus of $4.38 billion. Employer services revenue rose 8% ...