Leading cryptocurrency exchange CryptoCom has pulled out of an agreement with the Union of European Football Associations (UEFA), following in the footsteps of FTX that recently left a deal with the L...
Tag: Backs
Digital Currency Group backs DAO tooling startup Mural in $5.6 million seed round
Digital Currency Group has backed Mural, a startup building decentralized autonomous organization (DAO) treasury tools for brands, in a $5.6 million seed round. Galaxy Ventures, Firstminute Capital, A...
FTX CEO Sam Bankman-Fried Backs US Crypto Derivatives
Exchange News First launched in 2019 as a derivatives exchange, FTX has since branched out. The cryptocurrency exchange completed the purchase of Ledger Holding in 2021. FTX CEO Sam Bankman-Fried insi...
Bitcoin Miners Leave Russia As Another Major Firm Backs Out
Russia has been at the center of worldwide scrutiny since it began the Ukraine invasion. In the latest development, SBI Holdings, Japan’s largest online brokerage has decided to close down its mining ...
World Bank Associate IFC Backs Blockchain Platform for Carbon Credit
The International Finance Corporation (IFC) is aiming for initiating investment in less-developed countries. IFC team-up with blockchain based platform, Chia Network on the Carbon Opportunities Fund. ...
Synapse Network backs users against fraud with a profit or…
With more than $48 billion locked into DeFi protocols, the decentralized finance market is actively building financial use cases for blockchain technology. But with a reported 79 percent increase in c...
World Bank affiliate IFC backs a blockchain-based platform to trade carbon offsets
The International Finance Corporation (IFC), a member of the World Bank Group that focuses on investing in less developed nations, has formed a partnership with Chia Network, a blockchain platform wit...
Vauld Fight Backs Over ED Allegations
The Enforcement Directorate of India (ED) launched its back to back inquiry over several digital asset exchange platforms. Recently, Singapore based crypto exchange, Vauld, landed under the radar of t...
Tron Founder Justin Sun Backs Survival of Legacy Ethereum Post Merge
As the tentative date for Ethereum’s switch to a Proof-of-Stake (PoS) network approaches, controversies surrounding the future of the legacy Ethereum network post-merge are taking center stage. Tron f...
FTX CEO Backs Firm That Aims To Issue NFTs For The Programs It Develops
NEW YORK, NEW YORK – JUNE 20: People take photos of NFT art displayed on billboards in Times Square … [+] during the 4th annual NFT.NYC conference on June 20, 2022 in New York City. The fo...
Poloniex Backs Ethereum Proof of Work Fork Ahead of Merger
Altcoin News Miners would be harmed if ETH mining came to an end after the merger. ETH’s upgrade and a probable hard fork will have Poloniex’s full backing. Earlier this week, well-known Chinese crypt...
Justin Sun Backs Ethereum Hard Fork as Merge Approaches
Developers say the move away from a proof-of-work (PoW) system will make the network much cheaper, faster and environmentally friendly. It will also mean the end of an income stream for Ethereum miner...
FTX Chief Sam Bankman-Fried Backs Solana (SOL) A Day After Major Exploit, Here’s Why
A day after Solana faced a major exploit, FTX chief Sam Bankman-Fried came out supporting the SOL cryptocurrency. During his recent interview with the Fortune publication, SBF said that Solana is the ...
Waves Community Backs Plan to Reimburse $500M of Lost DeFi Funds
The community behind blockchain protocol Waves has voted to reboot non-custodial lending protocol Vires.Finance following the depegging of the Waves stablecoin USDN back in April. At that time, the d...
Waves community backs DeFi revival plan for Vires.Finance
The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the pro...
Axie Infinity players are turning their backs on the platform
A recent article by Time followed the story of Samerson Orias, who, like many Filipinos during covid, had turned to Axie Infinity to supplement their income. But an unsustainable Play-to-Earn structur...
Final Fantasy Maker Square Enix Backs Bitcoin Gaming Startup Zebedee in $35M Round
In brief Bitcoin gaming startup Zebedee has raised a $35 million Series B funding round. Final Fantasy publisher Square Enix is one of the startup’s new backers. While a lot of crypto gaming activity ...
Ripple to Explore New NFT Use Cases as It Backs NFT Lending Start-up
Tomiwabold Olajide XLS-20 standard proposed by Ripple aims to make NFT creation on XRPL highly compact and effective Ripple General Manager Monica Long is enthusiastic about the unveiling of new NFT u...
Elon Musk Backs out from Twitter
Dogecoin is a crypto project that was highly influenced by Elon Musk on one side, and by the Twitter community on another side. Dogecoin prices saw a massive rise back in 2021, and even made it to the...
Running Backs Ready For Heavier Workload
Green Bay Packers running back Aaron Jones (33) ranks No. 1 in team history with an average of 5.06 … [+] yards per carry. Copyright 2021 The Associated Press. All rights reserved. This is the t...
Russian Finance Minister backs legalization of transactions with stablecoins
The Russian Ministry of Finance (Minfin) is prepared to support the legality of transactions in Russia that use stablecoins, as per a high-ranking government representative. Indeed, the head of the F...
Musk Backs Out of $44 Billion Twitter Deal Over Bot Accounts
(Bloomberg) — Elon Musk is trying to end an agreement to buy Twitter Inc. for $44 billion and take it private, alleging that the company misrepresented user data and setting the stage for an ard...
Italian Government Backs Up The Blockchain Industry
2 hours ago | 2 mins read Editors News The initial budget of the subsidies loans was 46 million euros. Public, private and joint sectors are eligible for this subsidies loans. The Economic Minister re...
Ripple Backs Digital Euro Association Major Event To Develop Work in CBDC Area
– Advertisement – Ripple continues to show support for CBDC initiatives. The Digital Euro Association, in a tweet on Tuesday, revealed that blockchain company and payments giant Ripple is ...
Adam Back Backs his Prediction about $100k Bitcoin Price
With Bitcoin persisting to rebound crazy in the last few months, it is coherent that many are asking if retribution is anticipated. And despite his reservations about its long-term prospects, billiona...
Binance CEO CZ Backs Crypto Bailouts, but Only for ‘Great’ Projects
The past two weeks have been a difficult time for the global crypto market. Many crypto projects were impacted and the total market capitalization slipped below the $1 trillion mark. Some affected cry...
Bowman backs steep rate hikes and wants to ‘get the Fed out’ of housing market
Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
Solend Revert Backs Its Move As SOL Surges By Double-digit Gains!
The folks from the digital market have been witnessing torrential shocks coming from all directions. While the tremors of the crisis are yet to subside. The news of Solana-based Solend taking control...
Fed’s Waller backs another jumbo interest-rate hike in July
Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
Elon Musk Backs Dogecoin Stating It “Currency-Like”
52 mins ago | 2 mins read Editors News Billy Markus made a tweet describing his opinions on crypto and its users. Elon Musk replied to the tweet showing the support and mentioned it to be currency-lik...