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Nalezeno "Backed": 1228

PayPal Partners With Coinbase-Backed TRUST Network

23.8.2022
PayPal recently announced a strategic partnership with TRUST Network. Backed by Coinbase, Travel Rule Universal Technology is an industry-driven solution. The integration will help PayPal to increase compliance while maintaining optimal customer privacy and security. Seeing PayPal’s market stature...

United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

19.8.2022
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

Cash-Backed HUSD Stablecoin Loses Peg, Drops to $0.92

18.8.2022
The token issued by Stable Universal has dropped to 8% below its $1 peg

India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million

13.8.2022
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency...

Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit

4.8.2022
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...

Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar

3.8.2022
Stablesats lets people use Lightning for everyday payments without exposure to short-term volatility

The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020

1.8.2022
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from...

Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO

1.8.2022
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S....

Sango – The First Digital Monetary System Built on Bitcoin

28.7.2022
PRESS RELEASE. Sango, the Central African Republic’s crypto-initiative, has set off a wave of excitement in the crypto space, fuelling curiosity and anticipation. Supported by a comprehensive Legal Framework, Sango will enable the creation of both the digital and physical infrastructure that would...

StanChart-Backed Crypto Trading Firm Zodia Markets Goes Live in UK

28.7.2022
Zodia Markets, a cryptocurrency exchange and brokerage focused on institutions, has gone live with the backing of a major financial institution in the form of Standard Chartered Bank

Pain ahead for algorithmic and non-cash backed stablecoins: IMF director

28.7.2022
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs

US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme

23.7.2022
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My...

EURST Creator Simone Mazzuca Explains What Differentiates It From Other Stablecoins and Why It Is Here to Stay

21.7.2022
Simone Mazzuca is the creator of EURST – the first representative euro stablecoin, 100% asset backed with US Dollars and live audited. EURST is providing one of the most secure and reliable stablecoin structures on the euro market to serve as a bridge to the digital economy. Mr. Simone...

Digital Token Issued In Russia to Facilitate Investments in Palladium

20.7.2022
Transactions with digital assets backed by precious metals are beginning in Russia with the launch of a token for palladium. The rare metal, which is used in jewelry and has some high-tech applications, is not a publicly available asset in the Russian Federation. Atomyze and Rosbank Issue Digital...

‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

18.7.2022
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022

Itau Unibanco Mulls Offering Crypto Services, Opens Tokenization Unit in Brazil

16.7.2022
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens...