One of the greatest challenges facing the wider adoption of Web3 gaming has been reaching a substantial audience of players. With decentralized technology firmly in place and plenty of use-cases provi...
Tag: Backed
Has the trilemma been solved by new Polygon backed layer 1 blockchain?
? Want to work with us? CryptoSlate is hiring for a handful of positions! Partisia is a Layer 1 network claiming to solve the Blockchain Trilemma with ZK privacy, sharding for scalability, and an MPC ...
Zoop – Polygon backed Celebrity Trading Card NFT Platform
Digital collectable card games that use NFTs are gaining interest from both investors and players. Google search about such NFT offerings is up by 1500%. Celebrity Trading Cards have been around for a...
OnlyFans Founder Launching Celebrity Trading Card Platform, Zoop, Backed by Polygon
(NEW YORK, NY) May 26, 2022 — 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 decentra...
Justin Timberlake sells song catalog for $100M to fund backed by Blackstone
Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota. Christopher Polk | Getty Images Bu...
Soona Amhaz’s Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon
Volt Capital began as a founding member of crypto accelerator program DeFi Alliance before launching a $10 million investment fund in April 2021. Backers for the new fund include Andreessen Horowitz (...
USDTea: A New Stablecoin Backed By Iced Tea Cans Rises Like The Phoenix
Out of the ruins of the TerraUSD (UST) collapse rises a new stablecoin — USDTea, the first of its kind — that is backed by a can of, well, iced tea. Whether intended as satire or not, USDTea has joine...
Terra’s Implosion Births Crazy Stablecoin Backed by Iced Tea
After TerraUSD (UST) de-pegged from the U.S. dollar, dragging with it billions of investors’ funds, a new stablecoin backed by cans of iced tea has risen like the phoenix. Satire or not, USDTea, a new...
After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves
As the most recent crypto market crash is putting the spotlight on stablecoins, one of the leading dollar-pegged tokens says its valuation remains secure. In a new post, Tether Holdings Limited announ...
a16z Launches a $600 Million Game Fund Backed by Roblox and Blizzard
Renowned VC firm – Andreessen Horowitz (known as “a16z”) – announced launching a $600 million fund, GAMES FUND ON, dedicated to investing in the gaming industry. It has garnered support from industry ...
Stablecoin Tether ($USDT) Reveals Reserves Fully Backed In New Report
Stablecoin firm Tether Holdings Limited has come out to allay fears of a possible USD/USDT decline after the stablecoin lost its peg to the US dollar last week amid $UST crash. Tether (USDT), the worl...
Tether Confirms Fully Backed Reserves in Latest Assurance Report
Tether’s USDT stablecoin is beyond fully backed, according to the latest assurance report provided by accounting firm MHA Cayman. The firm found that Tether’s total assets are worth at least $82,424,8...
Prerna Gupta Launches An NFT Music Video Platform Backed By A-List Investors
Mysterious is a new NFT music video platform founded by Prerna Gupta. Courtesy of Mysterious Serial entrepreneur, Prerna Gupta, launches music video NFT social platform, Mysterious, focusing on female...
Tether claims USDT stablecoin is backed by non-U.S. bonds
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital curre...
Tether claims it’s fully backed after the court rejects the request to conceal records
Amid overall concerns about the stability of stablecoins following the TerraUSD crash, Tether (USDT) has maintained that its reserves are strong and fully backed. Tether, through its 2022 Q1 quarterly...
What Is Bitcoin Backed By?
In brief Like the U.S. dollar and most other fiat currencies, Bitcoin isn’t backed by physical assets in a vault, but instead by its value as a mode of payment. The maths underpinning Bitcoin...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries – Bitcoin News
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since ...
The Crypto Whales That Backed Terra Before It Imploded
Key Takeaways Terra collapsed in dramatic fashion this week after its UST stablecoin lost its peg, sending LUNA into a death spiral. Many of the top venture capital firms in the crypto space backed an...
Flow Launched a $725M Fund Backed by a16z, DCG, Coatue
NBA Top Shot’s host blockchain Flow announced a new $725 million Ecosystem Fund backed by its parent company’s investment arm, Dapper Ventures, and crypto-focused VCs, including a16z, Coatue, and Digi...
Hester Pierce, The SEC’s commissioner, has Backed a Regulatory Framework for Stablecoins
The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulator...
Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise – Finance Bitcoin News
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaiz...
Binance Backed Elon Musk’s Twitter Deal With $500 Million
A recent filing with the Securities and Exchange Commission revealed that Elon Musk had received backing from numerous large organizations for his bid to purchase Twitter. One of those names was the w...
Goldman Sachs gave out the first bitcoin backed loan to this crypto exchange
The crypto exchange, after receiving the loan against collateralizing bitcoin, has become the first one to do this and leading others to do the same As per Bloomberg reported on Tuesday, prominent Ame...
ON Semiconductor Gets Backed by Auto Demand. Stock Rises on Record Revenue.
Text size ON Semiconductor said it expects automotive and industrial customers to account for an increasing share of revenue. Photograph by Adi Goldstein ON Semiconductor delivered record revenue for...
Tangible Launches the Mainnet of its NFT Marketplace backed by Real-world Assets
Tangible, a unique NFT marketplace, launches on May 2, 2022. It converts real-world physical assets like fractionalized/tokenized real estate, gold, investment-grade wine, luxury watches and more into...
Jay-Z Backed Food Catering Platform HUNGRY Forays Into Healthy Snacks With Acquisition Of NatureBox
HUNGRY has acquired NatureBox, a subscription-based healthy snacks provider from Redwood City, … [+] California, that primarily services corporate employees. NatureBox Technology-enabled food ca...
Goldman Sachs Offers Its First-Ever Bitcoin Backed Lending Facility – crypto.news
According to a recent report, Goldman Sachs recently offered its first-ever BTC-backed lending facility. This facility allows investors to access fiat loans by collateralizing their BTC stash. Accordi...
Breaking: Bitcoin backed mortgage to allow home purchasing without a credit score
Milo Credit, a Miami-based business, is offering Bitcoin-backed mortgages to allow consumers to buy homes without trading their coins. Selling cryptocurrency for fiat currency is a taxable event in t...
Goldman Sachs issues its first loan backed by Bitcoin
Goldman Sachs, one of the leading financial institutions on Wall Street, has announced the launch of a Bitcoin-backed loan product. The loan will allow Bitcoin to be used as collateral to secure loans...
You can now get a Bitcoin backed mortgage without a credit score
The Miami-based startup, Milo Credit, is offering Bitcoin-backed mortgages to allow people to purchase homes without selling their coins. In the US, like most countries, selling crypto for fiat is a t...