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Terra Backers Buy $200M in AVAX Tokens, Bolstering Crypto Reserves Beyond BTC
7.4.2022
The Luna Foundation Guard bought $100 million in AVAX with UST stablecoins. Terraform Labs swapped an additional $100 million in LUNA for the same value in AVAX
Avid Gamers Set to Own Lands as Metagods Announces Land Sale
25.3.2022
PRESS RELEASE. MetaGods, the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, introduced an upcoming in-game land sale with a group of amazing backers involved, including world-famous Youtuber MrBeast. MetaGods is a game based on Greek mythology where...
Gelato raises $11M from heavyweight backers for Web 3 automation
8.10.2021
Gelato aims to simply DeFi by automating smart contract operations and helping users rebalance their portfolios
Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round
31.7.2021
Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were...
Crypto Payments App Bottlepay Is Now Available Across Europe
9.6.2021
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost...
xSigma Prepares to Launch Its Stablecoin DEX With Major Backers
17.2.2021
PRESS RELEASE. xSigma is a decentralized exchange and liquidity mining platform that supports stablecoin swaps. It enables dollar-pegged assets to be traded onchain with minimal slippage and lower fees than existing AMMs. The project is gearing up for its public launch, when early adopters will...
Crypto Advocates Think Joe Biden’s $3 Trillion Stimulus Plan Will Bolster Bitcoin
11.1.2021
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden...
Knife-edge Biden-Trump Showdown Has Crypto Backers on Both Sides
5.11.2020
As American voters face a nervous wait to see if Democratic candidate Joe Biden can edge out President Donald Trump in the recent United States election, it appears that some big crypto community players may be watching the vote counts with more trepidation than others – with Bakkt's parent and...
Shopify Joins Libra While Quitter Vodafone Advertises Bitcoin on Facebook
24.2.2020
Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra...
US Senators Warn Three Facebook’s Libra Backers of Membership Risks
9.10.2019
Visa, Mastercard and Stripe “should be concerned” about Libra, say U.S. senators
Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators
2.10.2019
$10M Libra node operators unsure about signing up: sources
Institutional Libra Backers are Getting Cold Feet
2.10.2019
Major Libra backers are backing out, according to a WSJ report
Libra’s Early Backers are Considering to Withdraw their Support Due to Growing Pressure from Regulators
23.8.2019
Recently, three of Facebook‘s initial sponsors for its scheduled Libra stablecoin launch are thinking about withdrawing their support, taking into consideration the aggressive regulatory response. A recent report from the Financial Times states that the two establishing partners...
Tensions Rising at Facebook Libra as Backers Consider Quitting: Report
23.8.2019
Several backers of Facebook's Libra cryptocurrency project are said to be considering backing out due to growing "pushback" from regulators
Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO
24.7.2019
While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly
This Ethereum Lottery Perfectly Explains How Facebook’s Big Corporate Backers Will Profit from Crypto
24.6.2019
This is a post about a lossless DAI lottery called PoolTogether. But it's really about how Facebook's Libra project will make money for its big backers
Facebook To Launch Its Cryptocurrency This Month, Expected To Shift Control To Outside Backers
6.6.2019
Behemoth social networking platform Facebook will be reportedly launching its digital currency later this month. The company will give employees working on the project to take the digital coin as their salary. The token will work as a borderless currency and will be heavily promoted in developing...