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WINGS Platform – A Project Governance and Backing Platform
9.11.2020
Augmented investment intention and attention of the individual and institutional investors in the digital world have led to an increase in the number of cryptocurrencies to trade and has increased the number of online platforms that enable trading of these cryptocurrencies all over the world. As...
83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth
5.11.2020
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese...
Russian 'ex-oligarch' reportedly backing a new DeFi project
2.10.2020
The former owner of a Russian bank seems to be pivoting to the decentralized space
Backing the development of Bitcoin Core infrastructure for ‘sound’ money
24.8.2020
This year has been a milestone for open-source development, as more organizations have contributed funds by way of grants and sponsorships
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
As Private Seed Funds Dry Up, European Blockchain Firms Seek Public Backing
31.7.2020
Publicly-backed VC firms are stepping in where private investors retreat, according to a new report on Central and Eastern European tech investments
Coinbase Sees More Institutional Investors Buying Bitcoin in H1
29.7.2020
Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange...
pNetwork Launches Yield Farming Programme, Steroids
24.7.2020
The pNetwork, the decentralised ecosystem backing the cross-chain pTokens solution, has announced the launch of its yield farming programme, Steroids. The programme will run for a period of one month and will award Uniswap liquidity providers with up to 10% monthly interest, distributed in pNetwork...
New Russian Law Bans Bitcoin Payments for Goods and Services
24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...
Coinbase Custody to Hold Assets Backing 21Shares’ Bitcoin ETP
1.7.2020
Crypto asset manager 21Shares will use Coinbase Custody to secure the Bitcoin backing its ETP launch tomorrow
DeFi Lending Attracts VC Backing Despite Sharp Drop in Crypto Fundraising
17.5.2020
Despite VC funding to crypto firms falling by nearly 60% during April, DeFi lending is attracting increasing investment month-over-month
Aussie Crypto Unicorn Raises $160M With ‘Big Four' Bank Backing
16.4.2020
Airwallex, an Australian cross-border payments firm that started life as a cafe, raised $160 million in a round led by ANZ bank
50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra
13.3.2020
Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each pursuing a diverse set of use cases. The project claims that the combined reach of all members exceeds...
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
21.11.2019
Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
‘Extremely Dangerous’ — Bobby Lee Regrets Backing Bitcoin SegWit2x
17.11.2019
Bobby Lee renounces previous support for SegWit2x
Australia’s Gold Mint Is Backing a Crypto Token on Ethereum
11.10.2019
The government-owned Perth Mint is backing a new digital token aimed to allow investors to trade and settle gold in real time
Visa, Mastercard to Reconsider Backing Facebook’s Libra Cryptocurrency
2.10.2019
It has already been a few months since the tech giant, Facebook, officially announced its ‘Libra’ cryptocurrency project with international support from big organizations including Visa, Mastercard, and PayPal. Since the announcement, very little has been heard about the Libra project apart from...
USD to Lead a Group of Fiat Currencies Backing Libra
23.9.2019
As per the reports, Facebook’s cryptocurrency, Libra will be backed by 50% by the US dollar and the rest by Japanese Yen (comprising 14%), Euro (comprising 18%), Pound Sterling (comprising 11%) and Singapore Dollar (comprising 7%). Chinese Yuan has not been included in the list till now. Facebook’s...
Commercial Debt Market Goes Live With Backing From Coinbase Ventures
10.7.2019
With Cadence, an ethereum-powered marketplace, institutional and accredited investors can now fund short-term loans to small businesses