Backed Financial News
28.07 / 06:15
Stablecoin
regulation
Investments
IMF
Terra Usd
Backed
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
The International Monetary Fund (IMF)'s director of capital markets believes there could be further failures of "coin offerings," including algorithmic stablecoins amid the ongoing crypto winter.
21.07 / 13:41
21.07 / 10:53
coinbase
creditors
Backed
Peter Thiel-backed crypto lender seeks protection from creditors
A cryptocurrency lender backed by Peter Thiel’s Valar Ventures and Coinbase Global filed for protection against creditors in Singapore after pausing withdrawals.
19.07 / 18:31
Blockchain
Provident
Platform
Bitcoin
Backed
Portal
Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering
Disclaimer: The text below is a press release is not part of Cryptonews.com editorial content.
18.07 / 18:55
18.07 / 18:25
business
Government
Stablecoin
Bitcoin
Backed
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.
18.07 / 12:43
cryptocurrency
Deal
Backed
Blockchain Firm Launches Russia's First Digital Asset Deal Backed By Palladium
Blockchain firm executes Russia's first digital asset deal with palladium
16.07 / 11:49
UPS
Binance
Action
Luna
Backed
Terra Classic [LUNC] makes a big move; was it backed by strong whale activity
It is hard to imagine Terra making a comeback after LUNA and UST’s crash but Terra Classic (LUNC) aims to do just that. LUNC’s latest price action suggests significant interest in the project, and whales might also be looking to take part in the action.
14.07 / 23:03
Blockchain
Stablecoin
CBDC
Adoption
Backed
Reserve
UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
A sandbox test of a retail full-reserve digital currency (FRDC) has been completed in the United Kingdom, distributed ledger fintech company Millicent Labs announced July 14. The test was a demonstration for Innovate UK, a branch of the government’s UK Research and Innovation, which co-funded the company.
14.07 / 15:03
11.07 / 18:19
business
Stablecoin
Circle
Backed
audit
KPMG to audit new pound-backed stablecoin GBPT
Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.
08.07 / 03:25
Blockchain
Ethereum
Adoption
Reddit
Backed
Reddit announces new blockchain-backed ‘Collectible Avatars’
Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community.
06.07 / 12:55
Platform
Deal
Backed
consolidation
Peter Thiel-backed lender Vauld eyes deal with Nexo as crypto winter drives consolidation
Nexo, one of the larger crypto-lending platforms, has agreed in principle to acquire Singapore-based crypto services firm Vauld, the latest of a spate of deals as the market consolidates in the wake of a brutal downturn.
05.07 / 16:57
business
Blockchain
NFT
Sport
Backed
Lamborghini-backed GT racing team to authenticate car parts using NFTs
Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini's motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts.
05.07 / 14:33
business
Altcoin
investigation
Rug Pull
Backed
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors
The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, caught up to GARI token as it tanked over 83% in value in a matter of hours on June 4. While GARI Network brushed off the development as a “market event,” investors suspect a rug pull event.
05.07 / 09:51
Digital
Platform
coinbase
Backed
Suspends
Withdrawals
Peter Thiel, Coinbase-backed crypto lender suspends withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing key business partners.
04.07 / 12:31
Trading
coinbase
Exchange
Backed
Withdrawals
Coinbase-Backed Crypto Exchange Vauld is Latest to Pause Withdrawals, Deposits, and Trading
Singapore-based crypto exchange Vauld is the latest crypto platform to suspend all withdrawals, deposits, and trading citing "financial challenges" amid lingering sour market conditions.
30.06 / 08:57
Blockchain
Provident
Digital
Mobile
Backed
network
Blockchain Network
Blockchain Network Backed by Japanese Content Giant Launches to Build a Sustainable Metaverse Ecosystem
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
29.06 / 20:33
business
Citi
Loans
Backed
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.
28.06 / 15:51
Stablecoin
MARKET
Trading
Tether
Backed
Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short Sellers
Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said.
21.06 / 00:38
NFT
Metaverse
Sandbox
Collectibles
Backed
Let's get phygital: The NFTs backed by real-world collectibles
When it comes to NFTs, bemused skeptics are often confused as to how virtual pieces of artwork can be worth millions of dollars.
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