Backed Financial News

16.01 / 14:25

Stablecoin Gold Backed Iran and Russia want to issue new stablecoin backed by gold

The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold.

13.01 / 11:07

UPS Target Pool Backed Goldman Sachs Asset Management allocates $15.2bn for PE-backed junior investments

Goldman Sachs Group’s asset-management arm said it has rounded up $15.2bn to make junior debt investments in companies backed by private-equity firms, the latest pool targeting mezzanine financing.

12.01 / 05:23

Adoption Bitfinex Backed El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.

11.01 / 01:31

business Stablecoin Binance Dollar Backed Binance pushes back against report stablecoin isn’t fully backed

Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”.

11.01 / 01:31

business Developers Web3 Funding Backed Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort

Web3 accelerator Beacon has wrapped up its first cohort with 13 graduating companies and has provided a venue for project founders to demo their blockchain-based startups.

29.12 / 19:13

Gaming Lightning Network Bitcoin Backed network bitcoin lightning Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed NFT Marketplace, Fiji Elects Pro-BTC Prime Minister

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

27.12 / 15:45

Blockchain Adoption Backed Financial Russia's largest bank issued gold-backed digital financial assets

Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization.

16.12 / 00:43

business Stablecoin Polygon Backed Jewel Bank, Polygon to launch Bermuda's first USD-backed stablecoin

Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar, Jewel Bank founder and chairman Chance Barnett told Cointelegraph.

08.12 / 21:09

Government Technology Waves Stablecoin Backed Warning Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions.

08.12 / 19:33

Provident Digital CEO Sony Future Backed The Future of Gold-Backed Cryptocurrencies

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

08.12 / 15:59

UPS Backed Peter Hargreaves-backed Blue Whale sees profit more than double to £5.6m

Blue Whale Capital, the fund management company backed by billionaire Peter Hargreaves, more than doubled profit during its last financial year on the back of an almost 90% increase in investment management fee revenue.

05.12 / 18:29

cryptocurrency bob Deal Backed Fintech Circle terminates $9 billion deal with Bob Diamond-backed SPAC

Cryptocurrency operator Circle Internet Financial said on Monday it has decided to end a $9 billion deal with blank-check firm Concord Acquisition Corp, nearly ten months after an earlier agreement was amended.

29.11 / 15:23

NFT Career Non-fungible tokens Backed Billion-Dollar NFT Platform Backed By Gary Vee Cuts a Third of Workforce Amid Market Downturn – Here’s What You Need to Know

And the layoffs continue amid the ongoing bear market, with the non-fungible token (NFT) platform Candy Digital becoming one of the latest companies to fire a significant number of its employees.

25.11 / 20:13

Facebook Extreme Decentraland Backed New Metaverse Game Backed by LBank Labs Could Easily 25x – How to Buy Early?

RobotEra is a brand new metaverse backed by LBank Labs that is currently in its presale, and has been selling out extremely quickly, having now managed to successfully raise $226k in record time.

17.11 / 15:19

FTX FTX Token class action Backed Tom Brady and Larry David Face Class Action For Endorsing FTX, Suit Alleges They Backed ‘Unregistered Securities’

FTX investors have filed a class action lawsuit against the founder and former CEO of the collapsed cryptocurrency exchange, as well as several celebrities who promoted the platform.

15.11 / 23:47

Government Insurance Backed Agency FDIC acting chair says no crypto firms or tokens are backed by agency

Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens.

10.11 / 18:13

Blockchain Ethereum Provident Platform Backed New Metaverse Crypto Presale Backed by LBank Labs RobotEra Goes Live

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

03.11 / 10:01

cryptocurrency coinbase Nexo Vauld Backed Coinbase-backed Vauld seeks 4 months more on moratorium as recast talks continue

Troubled cryptocurrency lending platform Vauld’s parent Defi Payments has filed an application in a Singapore Court seeking a four-month extension of its moratorium till March 7, 2023.

28.10 / 18:51

Strategy Backed U.S.-Backed Plan to Cap Price of Russian Oil Hits Delays

WASHINGTON—The Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle with Russia.

27.10 / 17:11

Blockchain Adoption Africa exchanges Backed Coinbase, Alameda-backed Mara launches African crypto wallet service

Some two million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research.

25.10 / 12:15

Backed UK still working on government-backed NFT, officials say

Ministers are pushing ahead with plans to create a government-backed non-fungible token, despite a crash in crypto prices and key Treasury figures who backed the controversial project having left their post.

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