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Nalezeno "Backing": 236

Tether’s Q3 Attestation Reveals $3.2 Billion Excess Reserves Backing USDT

1.11.2023
Tether, a leading stablecoin provider, reported in its Q3 2023 report that it has $3.2 billion of excess reserves backing the value of its stablecoins, including USDT. On October 31, Tether Holdings Limited published its Consolidated Reserves Report (CRR) for Q3 2023, which has been validated...

Elon Musk, Mark Cuban Back Supreme Court Case Against SEC

20.10.2023
Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban have jointly filed an amicus brief backing the defendants in a Supreme Court case against the U.S. Securities and Exchange Commission (SEC). “It is important that the SEC not be permitted to pick and choose whether parties are granted...

Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin

14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...

Class Action Lawsuit Against Tether, Bitfinex Dismissed

5.8.2023
A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...

40% of South Africans Familiar With the ‘Concept of Web3’ — Study

2.7.2023
Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe...

Mass backing for blockchain investigator ZachXBT

19.6.2023
ZachXBT has reached out to the crypto community in order to effectively counter the lawsuit filed against it by Jeffrey Huang. As a result, the organization is receiving widespread support from the crypto community. The company primarily conducts blockchain-related investigations. The outreach...

Particle Network provides complete backing to Tron DAO

12.5.2023
Particle Network has decided to provide complete backing to Tron DAO, as well as the Tron ecosystem. The main intention behind this is to be able to carry out improvements on the development issues and the overall onboarding exposure where the developers are concerned. The idea is to enable them...

Kenya Institute of Bankers now backing the country’s biggest FSI show

13.4.2023
World Financial Innovation Series (WFIS) 2023 – Kenya, a two-day mega-scale event focused on tech innovations in Kenya’s FSI will shed light on the country’s poised fintech market, all the while facilitating collaboration between the solution-seeking financial organizations and the...

Ukrainian Startup Promin Aerospace to Send Historical NFTs Into Space

23.3.2023
Promin Aerospace is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com...

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