The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC T...
Tag: Backed
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol – Blockchain Bitcoin News
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC T...
Coinbase CEO Assures Fully Backed Bitcoin Reserves, CZ Deletes Doubtful Tweet
Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Binance’s CEO...
FTX Crypto Exchange Backed Liquid Exchange Suspends Trading Activities
The FTX insolvency case has placed the crypto exchange in shambles, leading to the Chapter 11 bankruptcy filing. While the proceedings remain on course, customers whose assets are stuck on the platfor...
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-...
FTX backed Genesis Block to close trading network
FTX-backed Singapore exchange Genesis Block is all set to close its trading network. As per the report, the Asian top bitcoin ATM network has announced that it has halted trading after the collapse of...
FTX pitch deck projections not backed by ‘viable assumptions,’ legal expert says
As the list of venerable investment firms left with black eyes by FTX’s collapse grows longer by the day, The Block asked a legal expert to examine a 2020 pitch deck produced by the bankrupt crypto ex...
Huobi Backed Firm Fails To Withdraw Nearly $18 Million From FTX Exchange
Burning flames from the FTX collapse continue as damages spread throughout the crypto market and industry. FTX is left to themselves as other firms cannot assist due to the magnitude of debts incurred...
FDIC acting chair says no crypto firms or tokens are backed by agency
Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens. In a Nov. 15 h...
What’s in the Crypto Legislation Backed by FTX Founder
Crypto commodity platforms, for their part, would be required to maintain a relationship with the CFTC similar to other commodity dealers. For example, they would need to keep good records for at leas...
Binance bailed on FTX. It’s not the first time the firm has backed out of a deal
Binance pulled out of its deal to acquire FTX after reviewing the exchange’s financials. It’s not the first time it’s bailed on a deal. The skepticism was almost immediate foll...
Uala Argentina’s Neobank backed by Soros to Launch Cryptocurrency Trading Services
George Soros, a Hungarian Businessman, investor, and philanthropist, strengthened Uala, an Argentine neobank, to launch new services to his application. Uala allows Bitcoin and Ethereum to buy, sell, ...
Grayscale Investments Backed Survey Brought Political Take on Crypto
On 1st November 2022, renowned crypto asset management firm Grayscale Investment released findings of a survey. The Harris Poll conducted a survey on behalf of Grayscale intending to find out the perc...
Xternity, Backed by NFX, Raises $4.5M to Accelerate Web3 Adoption by WEB2 Games
The open Beta release of Xternity, a WEB3 platform for games, and the accompanying $4.5 million were just revealed. Prominent names in the game industry and the web3 community have contributed to the ...
Mark Cuban Backed Crypto Wallet Launches $3 Million Aptos Ecosystem Fund
A $3 million Aptos Ecosystem Fund has been unveiled by Mark Cuban-backed Blocto, a multichain wallet, with the aim of assisting in the onboarding of new Aptos users. The Aptos fund will be used to bac...
Polygon Backed NFTs Will Soon Be Minted and Sold on Instagram
3 hours ago | 2 mins read Editors News Instagram users will soon be able to mint and sell the polygon powerd NFTs. In May, Meta began testing the Instagram collectibles features by allowing some US us...
Coinbase Backed Mara Set To Introduce Crypto Wallet Service Across Africa
Many continents make impressive progress in the crypto space, and Africa is not left out. Many people and even businesses from Africa have plunged into crypto sphere. Gradually, digital assets are bec...
Erik Ten Hag Is Changing Manchester United For The Better; He Simply Must Be Backed
MANCHESTER, ENGLAND – OCTOBER 26: Manchester United Head Coach / Manager Erik ten Hag answers … [+] questions from the media during a Press Conference at Carrington Training Ground on Octo...
Justin Sun backed EthereumFair, a PoW failure down 75% in a month
Billionaire Justin Sun was the most influential promoter of EthereumFair (ETHF), one of Ethereum’s many proof-of-work (PoW) forks during its merge to proof-of-stake (PoS). EthereumFair opened for trad...
SEMPSA JP Partners With Aurus to Offer Digital Tokens Backed by Gold and Silver
Advertisement     SEMPSA JP, a leading Spanish precious metals refinery, is pleased to announce its partnership with Aurus, a decentralized global software platform to...
Utility Token Backed By a Formidable Entity
Advertisement     Since about five months ago, SPSI has been listed on the LBank exchange. SPSI has increased four times in a single month, from about $0.005 to the cu...
Bridge Network, backed by FTX, Reveals Plans For Multichain Non-Custodial Payment Solution
Advertisement     A non-custodial multichain payment product will be introduced, according to Bridge Network, to address crypto off-ramps in underserved areas. The pro...
Azuki launches Physical Backed Token(PBT)
Azuki has introduced the Physical Backed Token (PBT) to the community, enabling the members to tie physical items to digital tokens. PBT is an open-source token standard with its first implementation ...
XRP rises over 20% in a month backed by strong Ripple fundamentals
The price of XRP has climbed over 20% in the last month despite the volatility seen in the broader crypto market and the ongoing lawsuit against the U.S. Securities Exchange Commission (SEC). Although...
The Healing Company Acquires PepsiCo Backed Your Super In First Attempt To Consolidate The Wellness Industry
Your Super was born after cofounder Michael Kuech (left) was diagnosed with cancer at the age of 24, … [+] while his partner Kristel de Groot (right) began formulating superfoods and plant prote...
Celeb Backed Banking Platform For Youth, Step Bags $300 million In Debt Capital; Allows Crypto investments
Step is the first banking service for teenagers. Users will now be rewarded in crypto for purchases in popular stores. Teenagers can now invest in cryptocurrency Step is a digital banking firm focused...
Tether Says USDT Stablecoin Now Backed by T-Bills
As of Thursday, the stablecoin issuer’s holdings no longer include commercial paper, firm says Backing has reportedly shifted to more secure US Treasury Bills, short-term government-issued debt Tether...