Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United...
Tag: backing
Gemini says no funds at Signature Bank backing GUSD
Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the com...
USDC Back on Track as Circle Announces Corporate Resources Backing
23 seconds ago | 2 mins read Altcoin News Circle has pledged to back its stablecoin with corporate resources if required. The stablecoin is gradually recovering to trade at $0.95 at the time of writin...
SingularityNET: Why a ChatGPT hype could be AGIX’s only backing
As the ChatGPT buzz reduced, so did the AGIX value. Widespread sentiment towards AGIX hit extreme lows. Around the beginning of the year, Artificial Intelligence (AI) tokens like SingularityNET [AGIX]...
Coinbase and $20,000,000,000 Hedge Fund Backing New Decentralized Crypto Exchange
Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm ...
Binance’s PoR system shows over $63B in reserves backing 24 assets
Ad Binance, one of the world’s largest crypto exchanges, updated its proof-of-reserves (PoR) system to include 11 new tokens. These include Mask Network (MASK), Dogecoin (DOGE), Curve DAO Token (CRV),...
Visa Executive Says Payments Giant Not Backing Away From Crypto, Despite Recent Reports
The head of Visa’s crypto department is denying reports that the US payment giant is pausing its digital currency efforts. Cuy Sheffield, Visa’s head of crypto, tells his Twitter followers that the re...
Binance reportedly moved $1.8 billion of collateral backing customers stablecoin
Binance moved over $1 billion of customer funds meant as reserves for B-tokens last year The funds were sent to firms like Alameda Research, Cumberland, and Tron Binance CSO stated that there was “no ...
New home buyers are backing out of deals. Why?
As mortgage rates inch closer to 7%, hundreds of thousands of inflation-weary homebuyers across the U.S. are backing out of deals. Nationwide, the number of newly pending contracts to buy a home plung...
Frax Ditches Algorithmic Backing, Citing Terra Failure
The community governance for stablecoin issuer Frax has voted to increase the collateral ratio for its stablecoin to 100%, removing the small algorithmic component which contributed to its value. Frax...
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the protocol. T...
Hong Kong’s Crypto Push Could Have China’s Backing: Reports
Is China experimenting with crypto in its backyard – Hong Kong? Over the last few months, the city has made some decisive moves to have a clear regulatory environment for crypto businesses in its juri...
The housing market has cooled so much that even deep-pocketed investors are backing off
Imagine being outbid for a single family home by a corporation. That was all too real for the last few years as investor real estate purchases surged, fueling the Pandemic Housing Boom and and pricing...
DOGE Fan Finally Unshunned coin — Musk Back at Backing DogeCoin
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MagicSwap v2 is the first AMM in crypto backing NFTs &all ERC-20s via a single router
MagicSwap v2 happens to be the very first AMM in crypto, which suitably backs pools, in the case scenario of ERC-20s, as well as NFTs, all through just a sole router. It also happens to be providing t...
Paxos wants to up USDP collateral backing for MakerDAO’s DAI stablecoin
Paxos has proposed a partnership with MakerDAO that will essentially increase the Paxos dollar (USDP) backing for the DAI stablecoin issued by the Maker protocol. Before it, Maker collaborated with Ge...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
ARK’s Cathie Wood Isn’t Backing Down. She Explains Exactly Why.
The core ARK Innovation ETF run by Wood fell 67% last year. But she remains staunchly bullish on the likes of Tesla, Zoom, and Roku. Updated Jan. 6, 2023 1:45 pm ET / Original Jan. 6, 2023 1:42 pm ET ...
Blockchain Analysts And Jet Experts Are Backing The Jetshare Protocol
RJ Aleksandrs, a pilot and consultant in the Aviation industry for over 25 years, is the founder of Jetshare Protocol and the early bird presale is starting to pick up momentum and early backers have ...
Tether vows to remove secured loans from its backing
Tether intends to remove all secured loans from its backing in 2023 after The Wall Street Journal said that the stablecoin operator’s increasing roster of loans might make it unable to pay back ...
Oryen Network Launch Getting Closer, Binance (BNB) Yet To Reveal If They Are Backing The Newcomer
Given the success of its ongoing ICO, Oryen is gearing up for its launch on a high, having exceeded expectations. Its current presale 7 price of $0.21 signifies a 320% increase from its debut price of...
These 7 GOP House Members Voted Against Same-Sex Marriage Protections After Backing Them In July
Topline The Respect for Marriage Act passed the House on Thursday in a bipartisan 258-169 vote, but the legislation earned eight fewer Republican votes than an earlier version of the bill did in July,...
Japan recommends against algorithmic backing in stablecoins
After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a reco...
Oryen Network Gives Attractive APY, Governance, And Asset Backing, Similar To Maker And Curve But Better
In the years since DeFi was launched, various projects have come along that seek to improve the overall user experience. Initially, using DeFi products was cumbersome and offered few benefits besides ...
Oryen Network Bursts Onto The Scene With 90% APY And Treasury Backing, Aave And Venus Users Will Be Tempted
Join Our Telegram channel to stay up to date on breaking news coverage A new innovative blockchain project, Oryen (ORY), is an excellent asset to your digital financial portfolio. Owners of the projec...
Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil
The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The page, hosted on the Gemini website, reveals that it holds over $4.6...
How The Billionaire Moved From Backing Obama To Endorsing DeSantis
Topline New Twitter owner Elon Musk, whose political views often echo those on the right, said Friday he would back Florida Gov. Ron DeSantis (R) if he runs for president—the billionaire Tesla and Spa...
Polygon (MATIC) and Chiliz (CHZ) Are Trending But Experts Say It’s Temporary Whilst Backing Snowfall Protocol (SNW) To Be The Next 1000x Coin!
Cryptocurrency is a volatile market. Many projects come and go, but there are a few that have real staying power. Polygon (MATIC) and Chiliz (CHZ) are two projects that are currently trending, but It ...
Sequoia Capital Regrets Backing FTX But Defends Vetting Process
(Bloomberg) — Top partners at the powerful venture capital firm Sequoia Capital apologized to their investors in a conference call Tuesday for backing FTX, a pair of bankrupt cryptocurrency exch...
Can’t Beat ‘Em? Retail Investors Now Backing Institutions Competing For Control Of The Single-Family Rental Market
For years, single-family rentals have been a wise investment decision. Individual investors have been purchasing this type of asset for decades, accounting for the majority of single-family rental tra...