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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
14.1.2021
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents...
Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”
13.1.2021
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s...
xSigma DeFi Offers Lucrative Rewards for Liquidity Providers, Whitepaper Released
13.1.2021
xSigma is an upcoming stablecoin DEX protocol developed by the first DeFi project backed by a NASDAQ-listed company. In order to attract liquidity providers to supply their stablecoins to the decentralized exchange, the protocol will feature a lucrative rewards system for liquidity mining....
State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs
12.1.2021
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...
IMVU's new blockchain-backed stablecoin goes live
12.1.2021
The token, which has gotten a lot of attention for its interesting way of placating U.S. regulators, is now live for IMVU users in over 140 countries
Transcendence Reveals the development of Virtual World backed by Blockchain Technology
9.1.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Transcendence, the project behind the open blockchain platform Teloscoin (TELOS) has revealed the development of a new project called NANO. Project NANO is designed as a virtual world for Artificial...
Visa-backed Bitcoin startup to launch Lightning-based global payments app
7.1.2021
Zap is announcing Strike Global, a Bitcoin payments app for global remittances
Physical Crypto Bank Opens in India — These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange
30.12.2020
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches...
Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins
26.12.2020
One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore. Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to...
Survey: There Is ‘Significant Room’ for the NFT Market to Grow Despite Widespread Lack of Knowledge Among People
19.12.2020
A survey about non-fungible token (NFT) trends on crypto users revealed that 47% of correspondents had heard of NFT, and among these, 63% of them had only a basic understanding about it, while 57% of them had never used them. Survey Reveals Common User Has Just a Basic Understanding of NFT Market...
Acclaimed NFT Artist’s Blockchain-Backed Digital Art Auction Raises $3.5 Million
15.12.2020
Blockchain-backed digital art is continuing to make waves and this week an artist who calls himself ‘Beeple’ raised $3.5 million during his latest non-fungible token (NFT) art collection auction. The “Everydays” collection auction included 21 original single edition Beeple...
Fidelity-backed crypto trading platform OSL secures license in Hong Kong
15.12.2020
OSL is now officially licensed to operate regulated brokerage and automated trading services for digital assets
New partnership turns up the volume in crowded blockchain-backed music space
12.12.2020
A collaboration between the Utopia Genesis Foundation and STOKR will enable new revenue streams for artists and investment tools for listeners
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
‘Absolutely Inevitable’: Standard Chartered Bank CEO Sees Widespread Cryptocurrency Adoption
9.12.2020
Standard Chartered Bank CEO Bill Winters sees the adoption of digital currencies as “absolutely inevitable.” He says there is a role for both private digital currencies and state-backed ones. His bank subsequently announces that it is launching a crypto custody service, supporting...
Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil
9.12.2020
Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm
Apple Co-Founder Wozniak-Backed Token Doubles in a Day
9.12.2020
Steve Wozniak in the early years of Apple. Source: A video screenshot, Youtube/Bloomberg Quicktake
Apple co-founder Steve Wozniak's week-old token called efforce (WOZX) skyrocketed and doubled in a single day.
At pixel time (11:51 UTC), WOZX trades at USD 2.85 and up by 89% in a day, correcting...
Steve Wozniak-backed token WOZX skyrockets ahead of second listing
9.12.2020
“The Woz” makes a big impression in the crypto space as his newly-launched token WOZX records 26X gains after only five days of trading
CCB-backed Blockchain-powered Bond Issuance Saga Takes a New Turn
4.12.2020
There appears to have been another twist in the tale of the China Construction Bank (CCB)’s Malaysian branch and its aborted launch of blockchain-powered bonds that were set to be tradeable for bitcoin (BTC) via a Hong Kong-based exchange.
Just weeks after CCB pulled the plug on the issuance at...
Microsoft Report says Nation-State Hacker Group is Leveraging Cryptocurrency Techniques to Stay Under the Radar
1.12.2020
A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for...