Key Takeaways Tobias Adrian, a director at the International Money Fund (IMF), says that certain fiat-backed stablecoins could fail. He warned today that some fiat-backed stablecoins, such as Tether, ...
Tag: Backed
Ethereum Backed Staking Service Lido Finance Plans Its Expansion Across Layer 2
Lido Finance, a cryptocurrency staking service firm, declares its intention to spread across the Ethereum Layer two networks. Furthermore, the company announced that it would extend its support to the...
Qommodity Asset Backed Token (QAA) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jul. 18, 2022 – LBank Exchange, a global digital asset trading platform, has listed Qommodity Asset Backed Token (QAA) on July 18, 2022. For all users of LBank Exchange, the QAA/...
Russia Announces the Release of a Stablecoin Backed by Palladium
– Advertisement – Stablecoin Backed by Palladium Released in Russia. Atomyze, a tokenization platform supported by the Russian government, has just released its first digital asset, which ...
Russian Blockchain Atomyze Launched Palladium Backed Digital Asset
The Central Bank of Russia turned from askin ban on crypto assets to approving the Atomyze blockchain. Recent successful measures of Atomyze may result in boosting Russian blockchain and crypto ...
Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering
San Francisco, United States, 19th July, 2022, Chainwire Portal, a cross-chain Layer-2 DEX network being built on Bitcoin, is delighted to announce its Reg D equity offering through Republic, a multi-...
Circle Claims Stablecoin USDC Fully Backed by Cash Reserves
30 mins ago | 2 mins read Altcoin News The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underly...
Circle Claims USDC Stablecoin Is Now Fully Backed by Cash, US Treasuries
Circle, the payments company behind the USDC stablecoin, has released a full asset breakdown of the reserves backing its growing dollar-pegged token. The level of detail provided by Circle in its Thur...
Terra Classic [LUNC] makes a big move; was it backed by strong whale activity
It is hard to imagine Terra making a comeback after LUNA and UST’s crash but Terra Classic (LUNC) aims to do just that. LUNC’s latest price action suggests significant interest in the project, and wha...
BlockFi Winds Down Loans Backed by GBTC Stock, CEO Says
BlockFi “directly holds zero GBTC,” CEO Zac Prince said The lender suffered an $80 million loss from exposure to Three Arrows Capital Cryptocurrency lender BlockFi currently has no positions in the Gr...
Backed Native Token (BKD) Could Give Bitcoin A Run For Its Money
Advertisement     Backed, a blockchain-based investment platform is allowing investors to speculate on the future of private companies by buying and selling their comp...
Black fridge launched First Stablecoin backed British Pound
The black fridge launched its first Stablecoin on Monday 11th July. The black fridge named its Stablecoin as a “poundtoken.” The black fridge is headquartered in Douglas. ...
China Backed BSN Claims They Have Moved Past Ethereum In NFT Transactions
Blockchain-based Service Network (BSN) is a platform which allows blockchain deployment for organizations, and is backed by China. As per their claims during a press release, sales volume with respect...
Celsius Pays Off Over $120M On Its Bitcoin Backed Loan, Lowers Liquidation Price To $4,967 ⋆ ZyCrypto
Advertisement     Besieged crypto-centric firm Celsius has continued to repay loans owed to various lenders as it charts a way forward to recovery. Since it announced ...
CoinFLEX Issues New Tokens Backed by a Crypto Whale – crypto.news
CoinFLEX, in response to its liquidity problems, has found an original solution to avoid the financial catastrophe: an unknown crypto whale has provided their personal guarantees to protect from poten...
G-7 Set to Ban New Russian Gold Imports in Pledge Backed by US
(Bloomberg) — US President Joe Biden and fellow Group of Seven leaders will agree to announce a ban on new gold imports from Russia, a person familiar with the plan said, the latest sanction in ...
Elvis Is A Hip-Shaking Testament To ‘The King,’ Backed By An Electric Central Performance
Elvis Warner Bros. Pictures Film and literary history are replete with examples of corruptors, nefarious characters who seek to gain their way by trickery, treachery, and manipulation for one end or a...
Elon Musk Backed Dogecoin Accused In Million Dollars Ponzi Schemes
Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE) is also becoming a favorable choice for users involved in illicit activities. Elliptic Connect has spotted incidents over the globe where DOGE toke...
Real Estate Fund Backed By Goldman Sachs Acquires Entire Community Of 146 Single-Family Homes In Jacksonville, FL
The real estate investment platform Fundrise announced that it recently acquired 146 rental homes in the Treeline Trails community of Jacksonville, Florida. The purchase was made by a joint venture be...
Nexo Review 2020: Fast Cash Loans Backed By Crypto
Nexo is a project that is part of a burgeoning decentralized finance (DeFi) sector that is aiming to replicate and replace a range of financial services that have been offered by more established, and...
Supreme Court dismisses case against SEC’s ‘no admit, no deny’ policy backed by Musk, Cuban
The U.S. Supreme Court Tuesday rejected a challenge brought against the Securities and Exchange Commission by a former Xerox executive, and backed by Tesla CEO Elon Musk, against the Securities and Ex...
Arizona Speaker Says Trump Lied That He Backed Fraud Claims
Topline Arizona House Speaker Rusty Bowers (R) testified to the January 6 committee a statement that former President Donald Trump sent out Tuesday claiming Bowers told him “the election was rigged,” ...
Anonymous Litecoin Transactions No Longer Backed By Binance
Binance has said that it would no longer handle Litecoin transactions performed using the MimbleWimble Extension Blocks feature. The most recent Litecoin feature allows users to conduct private Liteco...
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro – Altcoins Bitcoin News
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethere...
Coinbase Adds Surprise Support for New Ethereum Altcoin Backed by Investment Giant Andreessen Horowitz
A new Ethereum (ETH)-built monitoring and security altcoin is joining the leading US-based crypto exchange. In a new announcement, Coinbase says Forta (FORT) will be available to trade on the platform...
South Carolina Republican Who Voted To Impeach Trump Loses Primary In Mixed Night For Candidates Backed By Ex-President
Topline A Trump-backed candidate defeated incumbent Rep. Tom Rice—one of the few Republicans who voted to impeach the former president last year—in the Republican party’s Congressional primaries in So...
EcoCashew.com : World’s First ECO Fair Trade Project with asset backed CashewF coins!
INTRO The EcoCashew Team is Proud and Happy to announce the World’s First Crypto project that is both ECO as well as Fair Trade! With Distribution of the Asset backed CashewF tokens it aims to engage ...
Zoop: OnlyFans founder launches celebrity trading card platform backed by Polygon
Led by a robust team of Web3 developers and former OnlyFans executives, Zoop is set to launch their digital collectable trading platform powered by Polygon, the decentralized Ethereum scaling ecosyste...
Sequoia & a16z Backed Loom Fires Its 34 Employees: Here’s Why
Loom, an enterprise video messaging service, has fired 14% of its total staff or 34 employees. Individuals from the product and people operations are affected. The firm has confirmed the news of the ...
Canonical Crypto Launches $20M Inaugural Fund Backed by Marc Andreessen, Chris Dixon
Canonical Crypto expects to invest in 40 to 50 projects with the first fund, writing checks ranging from $250,000 to $500,000 for pre-seed to seed round investments. The firm will offer operational su...
Size raises $6 million backed by Three Arrows, Wintermute, Mgnr and more
Crypto startup Size raised $6 million in a seed round led by Singapore-based crypto hedge fund Three Arrows Capital and market markers Wintermute and Mgnr. The funding round also included other compan...