Created as an algorithmic stablecoin, Justin Sun’s Terra-like stablecoin USDD is now shifting gears towards a hybrid model with improved transparency. USDD is now reportedly over-collateralized with ...
Tag: backing
Unizen’s ZenX Labs Announces Backing For Weld Money
Weld Money is getting a boost in its efforts to build a bridge between the world of crypto and fiat with the backing of ZenX Labs, the incubator program of the popular CeDeFi exchange Unizen. ZenX Lab...
VCs Backing Away, Regulators Jumping on Stablecoins
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices: B...
Flush With Cash And Influential Backing, The UAE’s New T20 League Is Set To Shake Up Cricket Globally
The T20 league in the UAE is set to shake world cricket. (Photo by Tharaka Basnayaka/NurPhoto via … [+] Getty Images) NurPhoto via Getty Images Mubashshir Usmani, the Emirates Cricket Board (ECB...
Tether (USDT) redemptions fuel fears about stablecoin’s backing
Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dolla...
Tether Has Cut Commercial Paper Holdings Backing Stablecoin by 50%: CTO
During a recent Twitter Spaces event discussing stablecoins and the recent crypto volatility, Tether CTO Paolo Ardoino said that the stablecoin provider had cut the amount of commercial paper backing ...
Pan-African Crypto Exchange Mara Launches With Backing From Coinbase, Alameda
MARA, a pan-African crypto exchange, announced its launch today, alongside a $23 million raise from backers including Coinbase Ventures, Alameda Research, (FTX) and Distributed Global. The exchange al...
Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)
Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...
Talos Reaches Unicorn Status with $1.25B Valuation, Backing includes Citigroup, Wells Fargo, BNY Mellon
A $105 million Series B funding round led by some of the world’s leading banks puts crypto trading tech developer Talos’ valuation at $1.25 billion. Led by global growth equity firm General Atlantic, ...
Luna Foundation Guard buys additional $1.5 billion in bitcoin backing for UST
The Luna Foundation Guard (LFG), a nonprofit created to support the Terra ecosystem, announced the purchase of $1.5 billion worth of bitcoin (BTC) for its stablecoin reserves on Thursday. According to...
Will Twitter’s Future Change With More Investors Backing Musk’s Offer?
A recently amended Schedule 13D form filed with the SEC revealed that a consortium of 19 investors, including Sequoia Capital, Andressen Horowitz, and Binance, are backing new Twitter CEO Elon Musk in...
Which Banks Manage the USD Reserve Backing Your TrueUSD?
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
These Banks Manage the Dollar Reserve Backing This Stablecoin
Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%...
CNN is backing gold and government-backed fiat currencies – bitcoin is no substitute
Mainstream news media is taking advantage of the bitcoin and crypto slump in order to promote the government line that fiat currencies are better value in the present dire economic environment. Gold i...
MIT Receives Backing From CryptoCom to Enhance Bitcoin Security, Usability
CryptoCom announced plans to support the MIT Digital Currency Initiative for independent, academic research on crypto and blockchain as part of its commitment to a four-year gift to the latter. The ex...
Meet The Startups That Amazon’s New $1 Billion Industrial Innovation Fund Is Backing
Agility Robotics’ Damion Shelton and his team, along with three Digit robots. Courtesy of Agility Robotics The founders that Amazon’s industrial innovation fund is backing include a serial entre...
Dr. Oz has close ties to the du Pont family heirs, and they’re backing his Senate run
Veteran physician and Pennsylvania Senate candidate Dr. Mehmet Oz has little-known, but close ties to the heirs of the DuPont chemical fortune who are financially backing Oz’s Senate run, accord...
Terra Founder Do Kwon Believes Backing Stablecoins With Bitcoin Or Luna Can Abolish These Risks
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Trump Reportedly Backing J.D. Vance In Ohio Senate Race—Latest Test Of Dubious Endorsement Power
Topline Former President Donald Trump plans to endorse conservative commentator and Hillbilly Elegy author J.D. Vance in the crowded Ohio Senate race, according to NBC News, in what will be a major ch...
Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon
Terra (LUNA) founder Do Kwon says that backing stablecoins with the US dollar may limit the use cases of these assets. In a new interview on CNBC, Kwon identifies the potential risks that come with pe...
Backing What’s Trending At Home And Abroad
Whether it’s embracing the new normal or returning to pre-pandemic routines—the dust is beginning to settle after years of unexpected volatility in work and life. In tandem, the lasting trends brought...
Jaguar Land Rover and Hitachi are backing this unique battery recycler
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market ...
Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish
The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of ...
CACHE integrates LINK to monitor gold backing
CACHE Gold has adopted a Chainlink (LINK/USD) Proof of Reserve (PoR) feed on Ethereum (ETH/USD) Mainnet to monitor the locked gold backing the CACHE Gold token, CGT, Invezz learned from a press releas...
Cross-chain communication protocol Bridge Network raises $3.8M with backing from FTX Ventures
Advertisement     Bridge Network, a cross-chain communication protocol has closed its funding round that successfully raised $3.8 million to better user cross-chain ex...
Bridge Network Raises $3.8 Million To Build Better Cross-Chain Experiences With Backing From FTX Ventures
April 6, 2022 – Bridgetown, Barbados Bridge Network, a cross-chain communication protocol, has closed its $3.8 million funding round with backing from FTX Ventures, MEXC Global, Master Ventures, Block...
Bridge Network Raises $3.8M to Build Better Cross-Chain Experiences With Backing From FTX Ventures
Bridge Network, a cross-chain communication protocol, has closed its $3.8M funding round with backing from FTX Ventures, MEXC Global, Master Ventures, Blockfinex, Croc Capital, and others. The protoco...