9 seconds ago | 2 mins read Editors News Burning newly-issued money made its way through the community. LUNC validators, had approved a proposal to update Terra to version 0.5.22. Upon the network’s d...
Tag: backing
Canadian Bank Regulator Details Crypto Liquidity, Backing Rules
“The scope of this advisory is limited to the capital and liquidity treatment of a FRFI’s exposures to crypto assets. The advisory does not address other issues, including whether a FRFI is perm...
Buffett Bucked This Stock, But We’re Not Backing Out
Verizon (VZ) shares are trading off Thursday following the news that Warren Buffett’s Berkshire Hathaway (BRK.A) shed its position in the communications company, as its trimmed some other under...
SuperLayer Raises $25M With Backing from Polygon
SuperLayer, a blockchain venture studio, has secured $25 million in funding with backing from its strategic partner, Polygon Network – a Layer-2 scaling solution. With its knack for selecting pr...
US homebuyers are still backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Seller beware: US homebuyers are still backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate As a well-known inflation-proof asset, real est...
BitGo To Sue Mike Novogratz’s Galaxy Digital For Backing Out Of $1.2 Billion Acquisition Agreement ⋆ ZyCrypto
Advertisement     Crypto custodian BitGo plans to pursue legal action against Galaxy Digital, the crypto-focused investment firm led by billionaire Mike Novogratz, for...
Homebuyers are backing out of more deals as recession fears linger
Rising costs and falling confidence in the U.S. economy are fast becoming a toxic cocktail for the housing market. As a result, a growing number of buyers are backing out of deals they’ve made w...
Dogecoin Ready For 4th Straight Week Of Gains – Even Without Elon Musk’s Backing
Dogecoin (DOGE) price had to go through the rabbit hole as it recovered from the blows of the crypto winter. Dogecoin price refrains to subject to Elon Musk’s bidding Price underrated yet pins a surpr...
Why Retail Players In Crypto Continue to Be Hesitant Despite Strong Institutional Backing?
Institutional players are back in the crypto space over the last few weeks. However, retail support in the crypto market is still lacking as a majority of retail investors remain hesitant over fresh p...
MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed by Circle’s USDC st...
Monero gets Binance backing, but should XMR traders go long
Monero [XMR] performed impressively over the last 24 hours with a 6.28% uptick. On the previous day (10 August), the XMR price was $159 as per CoinMarketCap. At press time, it was trading at $168.16, ...
Token Backing Ethereum Scaling Solution Optimism Rallies 20%
The price of the Optimism (OP) token has surged by more than 80% in a single week to hit a high of $2.22 on Thursday morning, according to data from CoinMarketCap. Despite OP backtracking to $1.99 by ...
Crypto Exchange Binance Reveals Reserves Backing BUSD Stablecoin in Push for Transparency
The world’s largest cryptocurrency marketplace is sharing data about the money behind its own US dollar-pegged stablecoin. In a new announcement, Binance says that it will regularly provide updates ab...
Ethereum Classic Jumps Double Digits After Antpool Adds $10M Backing
Ethereum Classic, a non-forked version of Ethereum, is enjoying a hefty rally early Wednesday morning. Following the infamous DAO hack of 2016, Ethereum split into two blockchains: Ethereum, the seco...
Solar Stocks Surge After Energy Bill Gets Backing From Sen. Manchin
Text size Sen. Joe Manchin said he supported a spending package that includes funding for energy and climate programs. Andreas Rentz/Getty Images Solar stocks were surging Thursday after Sen. Joe Manc...
People Are Backing Out of Home Purchases
Text size D.R. Horton said its cancellation rate was 24% in the latest quarter. Above, contractors at a D.R. Horton development in Florence, Ariz. Caitlin O’Hara/Bloomberg In its most recent qua...
Hedge Fund Billionaire Alan Howard is Still Backing Crypto Startups
Howard is reportedly working with a horizon of 10 to 15 years with regard to the crypto industry His latest investments were a crypto brand studio and a ‘play-to-earn’ metaverse startup British billio...
US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate As a well-known inflation-proof asset, real estate ha...
Kakao’s Backing Boosts Korean Gaming Entrepreneur To Billionaire Ranks
Kim Jae-young, founder of South Korean online game developer Lionheart Studio. Courtesy of Lionheart Studio Kim Jae-young, the founder of South Korean online game developer Lionheart Studio, is now a ...
Analyzing DOGE’s performance amid Musk backing out of the Twitter acquisition
The meme coin status was one of the key driving factors behind Dogecoin’s [DOGE] success in 2021. Fast forward a year later and it is no longer as hyped. However, the coin has received a lot of suppor...
Bitcoin advocate criticized for backing wallet authentication project
Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet trans...
Tether Reduces Commercial Paper Exposure to $8.4B Amid USDT Backing Questions – crypto.news
On Monday 27th, Tether CTO Paolo Adorino explained the backing of the Tether stablecoin. Paolo Noted that the network has successfully reduced the USDT commercial paper exposure from $45 billion to $8...
Are FTX and other crypto firms backing off from sports deals due to the market crash?
Cryptocurrency firms have figured out lately that sports event sponsorship is an effective marketing opportunity, but now they have reported ditching them. Last year, it was like some common tre...
Tether To Focus On Cutting Down USDT’s Commercial Paper Backing To Zero
Tether, the significant stablecoin, is planning on ultimately getting rid of commercial paper backing for Tether (USDT), its United States dollar-based stablecoin. Tether recently issued an offi...
Tether aims to decrease commercial paper backing of USDT to zero
The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its United States dollar-based stablecoin Tether (USDT). Tether issued an official statement on Wed...
Tether Refutes Rumors Surrounding Stablecoin Backing
Tether has categorically denied rumors about its commercial paper holdings, claiming they are being spread to induce panic and generate profits. Tether addressed the claim that its commercial paper po...
Tether Clears Air Over USDT Backing As Crypto Collapses
Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used ...
Tether Calms Fears Over Reserve Backing, Exposure to 3AC, Celsius
Key Takeaways Tether has denied the rumors that 85% of its commercial paper portfolio is backed by bad Chinese real estate debt. The firm stated that U.S. Treasuries made up 47% of its reserves and th...
Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital
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New York Unveils Expansion of Stablecoin Regulations, Requires Cash Backing
The state of New York is revealing an expansion of its stablecoin regulations, now requiring the dollar-pegged crypto assets to be backed fully by cash. According to a new press release by the New Yor...
Indonesian Crypto Exchange Pintu Raises $113m with Backing from Investors
Indonesia’s Pintu was backed by several investors who helped the cryptocurrency exchange raise $113 million in a Series B funding round, The Block reported. Pintu plans to utilise the new fund i...