Credit Suisse shares slide after Saudi backer rules out further assistance

Credit Suisse on Thursday announced that it will delay the publication of its 2022 annual report. Stefan Wermuth | Bloomberg | Getty Images Shares of embattled bank Credit Suisse hit another all-time ...

Singapore Has A New Backer For Travel And Retail Startups In Asia

Gharage is in search of some winning investment opportunities in Asia. getty The business incubator and venture builder, Gharage, has landed in Singapore in pursuit of early-stage travel and retail st...

Bitcoin Cash Backer Roger Ver Sued for $20,000,000 by Bankrupt Crypto Broker Genesis

Bitcoin Cash (BCH) advocate and veteran of the crypto space Roger Ver is being sued by bankrupt lender Genesis for allegedly failing to settle options trades. According to a filing at the New York Sta...

Dogecoin Backer Launches New 5,000,000 DOGE Development Fund To Support Ecosystem

The Dogecoin (DOGE) Foundation is ratcheting up efforts to support the growth and development of the meme token ecosystem. The foundation says that it is setting up a new Dogecoin Core development fun...

Crypto Believer or CBDC Backer?

Rishi Sunak is all set to take over the role of the prime minister of the United Kingdom in a few days. Amidst dire economic headwinds, Sunak was voted into office after Liz Truss, who only served a r...

Terra Backer Says Legal Battles Are Preventing Crypto Payouts to UST Holders

The Luna Foundation Guard (LFG) is explaining why it hasn’t paid back small holders of its collapsed stablecoin coin TerraUSD (UST). The LFG, a non-profit organization built to support the Terra (LUNA...

Cardano Backer Inks Wine Industry Deal for Development of Blockchain-Based Track-and-Trace System

The Cardano Foundation is teaming up with Georgia’s National Wine Agency and other partners to use blockchain technology in an effort to track the quality and authenticity of wine produced by the east...

Crypto Backer And Prime Minister Bet Gets Job As Canada’s Party Leader

Pierre Poilievre, a known crypto supporter who is running as prime minister of Canada, was voted as the new leader of the country’s Conservative Party. Poilievre is a proponent of cryptocurrencies and...

Ethereum’s Main Backer Announces Exact Date the Upcoming Merge Will Be Triggered

The main backer of top smart contract platform Ethereum (ETH) is providing an official timetable for the blockchain’s long-awaited transition to a proof-of-stake (PoS) consensus mechanism. A new post ...

Ethereum’s Massive Upgrade Won’t Boost Speeds or Lower Transaction Fees, Cautions Crypto Asset’s Main Backer

The main backers of Ethereum (ETH) are debunking misconceptions about how the upcoming Merge will affect the leading altcoin’s performance. According to an article on the Ethereum Foundation’s website...

Nomad, Slope Hacks Create New Annoyance for Their Shared Backer Circle Internet Financial

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OneOf NFT Platform Adds American Express as Backer in $8.4M Round

“A growing number of creators and consumer brands are experimenting with NFTs leading to the rise of a new spend category, new business ideas and new loyalty and membership models,” Amex Ventures̵...

Tencent Leads China Tech Losses as Major Backer Plans to Cut Its Stake

(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits fol...

Lightspark Backer Felix Capital Raises $600M to Support Crypto and Web3 Projects

According to a recent announcement, the London-based VC is targeting “long-term” investments in commerce and fintech firms. With the new funding, the firm is looking to double down on existing investm...

Billionaire backer breaks silence on Terra fiasco calling it ‘heart wrenching’

Speaking for the first time since the sensational collapse of the Terra ecosystem, Galaxy Digital CEO Mike Novogratz penned an open letter warning of the risks of cryptocurrency. Galaxy Digital, along...

Luna backer Su Zhu says UST collapse is ‘Terra’s DAO hack moment’

Three Arrows Capital co-founder Su Zhu has broken his silence on the collapse of the stablecoin TerraUSD (UST) and its related token Luna, an ecosystem he had supported. “This has been an incredibly h...

Terra (LUNA) Backer Continues Bitcoin-Buying Spree, Acquires Another $1,500,000,000 in BTC

Public blockchain Terra (LUNA) is resuming its Bitcoin (BTC) shopping frenzy even as the cryptocurrency markets experience a roller coaster of price action. Luna Foundation Guard (LFG), the non-profit...

RLY Backer SuperLayer to Bring Social Tokens to Solana

“Moving to Solana is one of the big steps we made to solve a lot of the problems building Web 3 products on a blockchain like Ethereum,” Mahesh Vellanki, managing partner of SuperLayer, told CoinDesk ...

CryptoCom Becomes Financial Backer of the Australian Football League and the AFLW

The digital asset platform CryptoCom inked a five-year collaboration with the AFL to become a financial backer of the Toyota AFL Premiership Season and the NAB AFL Women’s championship. The trading ve...