FTX had only $900 million in liquid assets against $8.9 billion in liabilities on the eve of bankruptcy, the Financial Times reports. Citing investment materials, the report noted that the large...
Tag: backing
Real Estate Rebounds On Gov’t Backing As COVID Cases Increase
China Last Night KraneShares Key News Asian equity markets were mixed overnight with Taiwan and South Korea outperforming. Hong Kong and China were off with October’s PPI reported to be -1.3% and risi...
Game studio Ncsoft strikes partnership with Mysten Labs, reveals $15 million backing
Blockchain developer Mysten Labs has entered a strategic partnership with South Korean gaming company Ncsoft, according to a company release. The developer of the Sui blockchain, will partner wi...
MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing
The Magic Internet Money (MIM), a stablecoin issued by Abracadabra Money, has slightly lost its parity with the US dollar. The MIM stablecoin fell to as low as $0.95 before rebounding to $0.98 as of 5...
Why Venture Capitalists Are Backing NFT Games
HodlX Guest Post Submit Your Post You may think that venture capitalists only invest in low-risk projects with a long history and a proven track record. The statement, “They would never invest in N...
Braavos Raised $10M Funding Backing Pantera Capital
The non-custodial crypto wallets raised $10M with the support of Pantera Capital, a crypto-focused investment firm. Braavos is a crypto wallet on StarNet. It is a wallet that aims to attract and brin...
Here’s Why Traders Are Giving up on Axie Infinity But Backing These 3 Coins to Reach $1
Join Our Telegram channel to stay up to date on breaking news coverage Axie Infinity, once the leading P2E metaverse game, is seemingly losing the support of the crypto community. One reason for this ...
Undefeated (44-0) Gilberto ‘Zurdo’ Ramírez Challenges for WBA Light Heavyweight World Title vs․ Dmitry Bivol With Bitcoin․com Backing – Press release Bitcoin News
press release Gilberto ‘Zurdo de Oro’ (Golden Southpaw) Ramírez, with Bitcoin.com in his corner, has a shot at the World Boxing Association (WBA) light heavyweight title as he faces Dmitry Bivol, also...
Will Binance CEO Stand by Financial Backing of Musk’s Twitter Bid ? –
2 hours ago | 2 mins read Editors News CZ pledged to support the offer when it was made public in April. Earlier this year, Musk discussed with other cryptocurrency billionaires how they may decentral...
Coinbase files brief backing Grayscale’s ETF lawsuit against SEC
Coinbase (NASDAQ: COIN) has filed an amicus brief in support of digital assets manager Grayscale Investments, which is suing the US Securities and Exchange Commission (SEC) over the rejection of the c...
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
Crypto Companies Need Backing Capital Like Banks – Global Regulator
The global coordinator for financial regulation has put forward a proposal for cryptocurrency regulation, which it hopes countries will enact before the end of the crypto winter. The Financial Stabili...
Binance, Sequoia still backing Elon Musk’s bid for Twitter
The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption. Binance and tech investor Sequoia Capital are ...
Judge Orders Tether to Produce Records Showing Backing of USDT
A judge in New York has ordered stablecoin issuer Tether to produce financial documents proving the dollar backing of USDT, as part of a lawsuit alleging the firm manipulated crypto markets. Tether, ...
U.S Judge Orders Tether To Produce Financial Records Proving USDT’s Backing
Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the o...
Tether’s response when a NY judge asked for financial documents showing the backing of USDT
A recent discovery unmasked a claim that refers to the issuance of unbacked USDT by Tether. This unbacked currency circulating in the market has caused turbulence and damage of $1.4 trillion. A NY jud...
Tether Ordered by New York Judge to Document USDT Backing
A longstanding crypto price manipulation case between Tether and Bitfinex and some of its users may be turning against the stablecoin firm as the presiding judge has ordered the firm to provide eviden...
New York judge orders Tether to document USDT backing
The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The comp...
A judge orders Tether to show backing
A US judge has ordered Tether to produce all documentation necessary to prove that all USDT put into circulation have proper hedges. The request came as part of the hearing for case 1:19-cv-09236-KPF...
Tether To Submit Memos Supporting Backing of USDT
Tether, publisher of the largest stablecoin in the digital asset industry is dealing with legal trouble these days. However, USDT is also losing its dominance to the USDC, Circle’s stablecoin. However...
Judge Orders Tether To Produce Proof of Assets Backing USDT
A U.S. judge is ordering stablecoin issuer Tether to produce proof of the assets it claims backs up its dollar-pegged USDT, the largest crypto asset of its kind in the world. In a new court order, Jud...
US Court Orders Tether to Provide USDT Backing Financial Records
The lawsuit filed in 2019, which claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market to issue USDT to inflate Bitcoin’s price, has taken a new turn. United Stat...
U.S. judge orders Tether to produce financial records proving USDT backing
As the lawsuit accusing Tether (USDT) and cryptocurrency exchange Bitfinex of conspiracy to issue its stablecoin in order to pump the price of Bitcoin (BTC) continues, a U.S. judge has ordered the iss...
Bitrue Joins Top Exchanges to Support 1.2% Terra Classic Burns, With 3 Exchanges Backing LUNC Trading Burns
– Advertisement – Several exchanges indicate interest in a 1.2% Terra LUNA Classic (LUNC) tax burn. The move to implement a 1.2% tax burn for transactions involving Terra Luna Classic (L...
Lugano: a new billionaire backing Bitcoin
Kjell Inge Rokke, a Norwegian billionaire, has moved to Lugano and revealed that he is extremely supportive of Bitcoin. Rokke, the new billionaire who moved to Lugano supports Bitcoin Aker ASA, the o...
NFT Project Raised $54M With Backing From Reddit Co-Founder
Popular NFT collection Doodles raised $54 million in a recent equity funding, per a report from Forbes. The funding round was led by Reddit co-founder Alexis Ohanian, a long-time Doodles holder, via h...
Ripple Lawsuit Gets Backing From Chamber Involved in Telegram Case, Jeremy Hogan Says What To Watch
As shared by attorney Jeremy Hogan, the world’s leading blockchain trade association, the Chamber of Digital Commerce, is wading into the Ripple lawsuit. In January 2020, the blockchain associat...
Gary Gensler still backing the SEC to be the best crypto regulator
Listen to this article. In DC amidst the continued jockeying over who will be the de facto crypto regulator between the Securities and Exchange Commision (SEC) and the Commodities and Futures Trading ...
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot Energy was the top-performing sector of the S&P 500 last year. And that momentum...