National Australia Bank (NAB) is set to launch a stablecoin pegged against the Australian dollar (AUD) on Ethereum and Algorand, which will launch in mid-2023. NAB will become the second “Big 4” Austr...
Tag: Backed
LUNC Network Upgrade Backed By Major Exchanges
Just this January 14th, LUNC just went through its network upgrade that was supported by Binance. The upgrade was due to several developments on-chain. According to its January 1st blog post, it was b...
Iran and Russia to collaborate to issue stablecoin backed by gold
As per reports, the central bank of Iran will be collaborating with the Russian government to jointly issue a new cryptocurrency. The new stablecoin will be backed by Gold. Vedomosti, the ...
Stablecoin Backed By Gold To Be Reportedly Launched By Russia And Iran
To better enable international transactions, the governments of Russia and Iran are reportedly considering working together to develop a new stablecoin. Iran is working with the Russian government to ...
Russia Partners With Iran to Release a Stablecoin Backed by Gold (Report)
The Russian government and the Central Bank of Iran are reportedly mulling a partnership to create a new stablecoin that can facilitate cross-border settlements. The token will be pegged to the valuat...
Iran and Russia want to issue new stablecoin backed by gold
The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. According to the Russian news agency Vedomosti, Iran is working wit...
Russia and Iran explore launch of joint cryptocurrency backed by gold
In light of the advancements in digital assets and the pressures exerted on states, Russia and Iran are now exploring the development of a joint stablecoin that would be backed by gold. The executive ...
Interest-Bearing Bonds-Backed Tokens: Generate Yield Using Tokens Backed by Sovereign Bonds
Place/Date: Vaduz, Liechtenstein – January 14th, 2023 at 9:53 pm UTC · 3 min read Contact: Yacine Farouk, CMO, Source: Mimo Capital Decentralized Finance Innovator Mimo is launching “KUMA Protoc...
Russia and Iran explore launch of joint stablecoin backed by gold
In light of the advancements in digital assets and the pressures exerted on states, Russia and Iran are now exploring the development of a joint stablecoin that would be backed by gold. The executive ...
Visa Backed Debit Card From Huobi And Solaris Launches In EU
Visa has supported a partnership by Huobi and Solaris to allow their European users to make payments from their crypto account using Visa-backed debit cards. Creating diverse payment options (with bot...
Binance’s Stablecoin Hasn’t Alway Been Fully Backed, Report Says
Alex Dovbnya Binance has struggled to make sure that its stablecoin remains fully backed on several occasions, according to a new Bloomberg report According to a recent Bloomberg report, Binance, the ...
A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg
The resiliency of stablecoins and whether they’re backed by a reliable pile of money is a contentious one in the cryptocurrency industry. Stablecoins are meant to closely track the value of some...
Binance pushes back against report BUSD-peg stablecoin isn’t fully backed
Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog p...
Binance’s stablecoin BUSD hasn’t always been 1:1 backed, report
Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Bi...
Oryen Network Presale Reportedly Backed By Influential Fantom And Chainlink Whales
The cryptocurrency market is booming with new projects, and Oryen Network (ORY) is one of them. Recently, the presale for Oryen Network has been gaining traction as it reportedly attracted influential...
A Crypto Project Backed by MMA Fighters – Why FightOut Deserves Attention
Join Our Telegram channel to stay up to date on breaking news coverage The web 3 space is flooded with innovative projects that can’t go past having a great idea. Fitness is one of those ideas. Crypto...
Fintech Firm Backed By Hong Kong Billionaire Richard Li Raises $22 Million In Funding Round Led By PCCW
Richard Li, chairman and chief executive officer of Pacific Century Group, speaks during the Hong … [+] Kong Fintech Week in Hong Kong, China, on Monday, Nov. 1, 2022. The conference runs throug...
Backed Oryen Network’s ORY (Presale Live Now) Will Fair Better Than Avalanche (AVAX)
With the aftermath of the bear season leaving many crypto projects struggling to stay afloat, one can only hope to gain some profits via a next-gen crypto project in a rather bleak market. A particula...
Who Is Mark Cuban? Crypto Companies Backed By Shark Tank Investor
Mark Cuban is a well-known name in the crypto world. The serial investor and billionaire ventured into the world of entrepreneurship when he was 12 by selling garbage to his neighbors. However, Cuban’...
Jeff Bezos Backed Food Tech Unicorn, NotCo, Raises Another $70 Million In Series D Extension Ahead Of 2025 IPO
Matias Muchnick, founder and chief executive officer of Not Company, in New York, US, on Monday, … [+] Oct. 24, 2022. Eight months after announcing their joint venture, Kraft Heinz Co. and NotCo...
Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
However, the report is not an official audit, but a “matching exercise based on information provided by the client about on-chain addresses of assets and a client database of customer balances,&...
Independent Audit Confirms Binance’s Bitcoin Is More Than Fully Backed
Mazars, an international audit, tax and advisory firm, confirmed on Wednesday that Binance holds more than all of the Bitcoin it needs to cover customer deposits. “At the time of assessment, Mazars o...
Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor
An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm...
Sam Bankman-Fried Backed Income Tax Hike To Appear On California’s 2024 Ballot
Sam Bankman-Fried, former CEO of FTX US Derivatives (Tom Williams/CQ-Roll Call, Inc via Getty … [+] Images) CQ-Roll Call, Inc via Getty Images California voters handily rejected Proposition 30, ...
Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices – Bitcoin News
On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s qu...
Dibbs Releases NFT Sentiment Report; 84 Percent of Respondents Would Purchase an NFT Backed by a Physical Item
Dibbs taps users of its blockchain-based collectibles marketplace to uncover first-of-its-kind insights on user sentiment toward NFT technology LOS ANGELES–(BUSINESS WIRE)–#NFT—Dibbs, the world’s onra...
Nifter™’s Art Basel Miami Launch Will Feature NFTs Backed by Ultra Rare Derek Jeter Cards, Full Band Signed QUEEN Memorabilia, and Many More.
BEVERLY HILLS, Calif.–(BUSINESS WIRE)–$CLIS #artbasel–ClickStream Corp. (OTC PINK: CLIS), a technology company focused on developing platforms that disrupt conventional industries, announced today tha...
Backed by the AEDPoS mechanism, aelf’s governance brings true decentralization
The consensus DPoS reads Delegated Proof of Staking, meaning the validation on the network is done by delegates elected by massive voters. In contrast to the energy-consuming PoW and the more environm...
Elon Musk backed by Fortnite maker in battle against ‘menace to freedom’ Apple
Elon Musk launched a tirade against Apple – REUTERS/Dado Ruvic The maker of the Fortnite series of games has leapt to the defence of Elon Musk after the Twitter owner accused Apple of threatenin...
CFTC chair defends bill that FTX’s Bankman-Fried also backed
Commodity Futures Trading Commission Chairman Rostin Behnam defended legislation backed by both himself and former FTX CEO Sam Bankman-Fried, arguing on Monday that if his agency gains authority over ...
Users of OKX can now verify to see if their assets are backed 1:1 – crypto.news
OKX is the world’s second-largest crypto exchange in terms of the trading volume. On Nov 23, 2022, it released three industry-leading solutions that give its institutional and retail users more insigh...
Binance SAFU Insurance Fund is 44% Backed by its Own Token
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens...