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Thiel-Backed Cryptography Startup Lagrange Raises $13M
8.5.2024
Lagrange, which specializes in zero-knowledge cryptography, is the latest startup to ride EigenLayer's "restaking" wave
Jefferies-Backed Tradu Launches Fee-Friendly Crypto Exchange
8.5.2024
Tradu, a trading platform owned by Jefferies' Stratos Group, went live with a new crypto exchange aimed at active traders on Wednesday.
The post Jefferies-Backed Tradu Launches Fee-Friendly Crypto Exchange appeared first on Cryptonews
State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds
8.5.2024
On May 6, the state-owned German bank KfW declared that it would issue its first digital bonds based on blockchain technology. This action represents a significant advancement in Germany's traditional banking institutions' adoption of blockchain technology.
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First Bitcoin-backed synthetic dollar to launch with 25% yield
6.5.2024
USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?
Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints
6.5.2024
Ripple stablecoin is supposed to be backed 1-to-1 by US Dollar deposits, US government bonds and other low-risk investments.
The post Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints appeared first on Cryptonews
Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development
4.5.2024
According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development...
Ex-Starknet and Yuga Labs Execs Join Kraken-backed $100M L1 Nibiru Chain
2.5.2024
Nibiru Chain, a $100 million Layer 1 blockchain, has announced two senior hires from Yuga Labs and Starknet Asia as part of its Asia expansion.
The post Ex-Starknet and Yuga Labs Execs Join Kraken-backed $100M L1 Nibiru Chain appeared first on Cryptonews
Physical version of gold-backed token replaces Zimbabwe dollar
30.4.2024
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance
Tokenized Asset Issuer Backed Raises $9.5M as Crypto's RWA Race Heats Up
30.4.2024
The fundraising will help accelerate Backed's private tokenization offering and onboard asset managers to blockchains, the company said
Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian
30.4.2024
Marathon Digital has selected Standard Chartered-backed digital asset custodian Zodia Custody to safeguard its crypto holdings.
The post Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian appeared first on Cryptonews
Lazarus Group Targets LinkedIn Users, Impersonates Fenbushi Capital Executive: SlowMist
29.4.2024
The notorious Lazarus Group, allegedly backed by North Korea, has added a new weapon to its arsenal, which is now targeting LinkedIn users.
The post Lazarus Group Targets LinkedIn Users, Impersonates Fenbushi Capital Executive: SlowMist appeared first on Cryptonews
Nvidia-backed AI startup releases avatars that express human emotion
26.4.2024
Nvidia-backed AI startup Synthesia unveils “Expressive Avatars,” enabling AI to convey human emotions and movements for corporate presentations and training
Binance Labs, Coinbase Backed Web3 Gaming Guild GuildFi Rebrands to Zentry
24.4.2024
Web3 gaming guild GuildFi that raised $140 million from Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, Hashed and others, has been rebranded to Zentry.
The post Binance Labs, Coinbase Backed Web3 Gaming Guild GuildFi Rebrands to Zentry appeared first on Cryptonews
Velvet Capital, Backed by Binance Labs, Temporarily Offline Due to Phishing Attack Risk
23.4.2024
Recognizing the potential threat, Velvet Capital swiftly initiated internal investigations and issued a cybersecurity alert advising investors to refrain from approving wallet connection requests until further notice.
The post Velvet Capital, Backed by Binance Labs, Temporarily Offline Due...
Woo X Exchange Makes History with World’s First Tokenized T-Bills for Retail Investors
23.4.2024
Developed in collaboration with institutional tokenization firm OpenTrade, Woo X's RWA Earn Vaults offer users the opportunity to earn yields by holding Circle's USD Coin (USDC), backed by U.S. Treasury Bills.
The post Woo X Exchange Makes History with World’s First Tokenized T-Bills...
BlockDrop Debuts Weekly SOL Airdrops Backed by Bitcoin Mining Rewards
19.4.2024
BlockDrop Coin operates as a cutting-edge cryptocurrency that allocates mining rewards to token holders via weekly airdrops, simplifying access to the mining economy. Historically, the entry barriers to profitable Bitcoin mining have steadily increased, pushing individual miners and small operators...
Tribe Capital-Backed Nibiru Chain Allocates Over $15M in Developer Grants
18.4.2024
Supported by HashKey and Kraken Ventures, Nibiru Chain's new $15 million grant program intends to offer financial resources to developers, with a focus on the Asian market.
The post Tribe Capital-Backed Nibiru Chain Allocates Over $15M in Developer Grants appeared first on Cryptonews
Citadel-Backed Hidden Road Partners Targets $120M in Series B
18.4.2024
Hidden Road Partners aims to secure $120 million in a Series B funding round to bolster its crypto and other trading services, targeting a $1 billion valuation.
The post Citadel-Backed Hidden Road Partners Targets $120M in Series B appeared first on Cryptonews
PayPal Says NFT Purchases No Longer Backed By Its Protection Program
17.4.2024
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20.
The post PayPal Says NFT Purchases No Longer Backed By Its Protection Program appeared first on Cryptonews
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
14.4.2024
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer