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Canadian Bank Regulator Details Crypto Liquidity, Backing Rules
19.8.2022
Canada joins U.S., European central banks in explaining how their supervised entities can engage with crypto
Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing
18.8.2022
Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports
EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT
15.8.2022
“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested...
Central Bank of Honduras Warns About the Dangers of Using Cryptocurrency
1.8.2022
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing...
Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects
28.7.2022
A $150 million seed fund will focus on Web3 founders and a $300 million opportunities found will double-down on portfolio projects
Bitcoin advocate criticized for backing wallet authentication project
29.6.2022
After being swarmed by critics, Bitcoin advocate Nic Carter asked crypto Twitter to unfollow him if they disagree with any of his investments
New York Community Bank to Hold Assets Backing Circle's USDC
28.6.2022
The partnership marks the first time for a community bank to custody reserves for a stablecoin
Crypto Exchanges Backing Away from Sports Spending as Crunch Continues
21.6.2022
Crypto firms are reportedly scaling back their spending on sports-related advertising and sponsorship as winter continues to bite in the markets.
Many crypto companies – including Crypto.com and Coinbase – have responded to a sharp drop in crypto prices and trading volumes by announcing they...
Billionaire Sam Zell: I’ve Stayed Away From Bitcoin at All Costs
16.6.2022
The billionaire founder and chairman of Equity Group Investments, Sam Zell, says he is staying away from bitcoin at all costs. He explained that he does not understand the cryptocurrency and believes that a currency without the backing of a government is unlikely to work. Sam Zell Remains Skeptical...
Tether aims to decrease commercial paper backing of USDT to zero
15.6.2022
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it
Tether Denies Claims of Asian Commercial Paper Backing, Exposure to Three Arrows Capital
15.6.2022
Stablecoin issuer Tether has denied that its commercial paper portfolio is 85% backed by Chinese or Asian commercial papers
Justin Sun's Tron Reveals More Details of USDD Backing in a Move to Distance It from UST
6.6.2022
Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST)....
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First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins
23.5.2022
Some investors see salvageable pieces while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin gains
Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
18.5.2022
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company...
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
13.5.2022
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not...
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
3.5.2022
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions...
DAO Maker Gears Up to Release Maradona D10S NFT, This April 2022
12.4.2022
PRESS RELEASE. GREENSBORO, April 11, 2022 — DAO Maker, a leading launchpad for cryptocurrency projects, is launching an NFT collection celebrating the late Argentinian football hero Diego Maradona this month. It is the first official Maradona-licensed NFT project and has the backing of...
Frax Stablecoin Backing to Feature Layer 1 Tokens, Real-World Loans
8.4.2022
Using real-world assets will allow Frax’s products to operate as intended even in a bear market
Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve
8.4.2022
Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra...
BNY Mellon to Custody Assets Backing Circle's USDC Stablecoin
31.3.2022
The relationship likely carries publicity upside for both financial brands