#backed

10:17am, 4th April, 2023

Crypto exchange backed by 3AC founders launches with claims trading plans

OPNX CEO Leslie Lamb said the exchange planned to launch claims trading aimed at helping users from bankrupt crypto platforms including FTX and Celsius.

Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

2:14pm, 6th March, 2023

Crypto Wiki

Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.

Iran and Russia want to issue new stablecoin backed by gold

6:15am, 16th January, 2023

Crypto Wiki

Iran and Russia want to issue new stablecoin backed by gold

The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.

FDIC acting chair says no crypto firms or tokens are backed by agency

4:04pm, 15th November, 2022

Crypto Wiki

FDIC acting chair says no crypto firms or tokens are backed by agency

Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”

NFT project Azuki launches Physical Backed Token

4:43pm, 18th October, 2022

Crypto Wiki

NFT project Azuki launches Physical Backed Token

The company said that the open-source token standard intends to tie a physical item to a digital token on the Ethereum blockchain.

Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions

3:03pm, 8th September, 2022

Crypto Wiki

Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions

Coinbase says that the Treasury overstepped its authority in issuing the Tornado Cash sanctions.

Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation

3:58am, 9th August, 2022

Financial News

Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation

Cryptocurrency adoption across the globe has been moving slower than most would like, but there is no doubt that there has been a lot being done so far. It started with El Salvador’s adoption of bitcoin as a legal tender, and it has spiraled from the...

White Star Capital raises $120M for Ubisoft backed Web3 investment fund

12:59am, 12th April, 2022

Crypto Wiki

White Star Capital raises $120M for Ubisoft backed Web3 investment fund

The Web3 tech investment firm will contribute up to $7 million to as many as 25 companies across Europe, Asia, and North America with the new funds.

Snoop Dogg and Billy Ray Cyrus to launch hit song backed by massive Animal Concerts NFT drop

12:55pm, 31st March, 2022

Crypto Wiki

Snoop Dogg and Billy Ray Cyrus to launch hit song backed by massive Animal Concerts NFT drop

With so much drama in the LBC, it’s only right that we drop a dope NFT.

Softbank backed startup to offer retail crypto trading

1:21am, 8th February, 2022

Crypto Wiki

Softbank backed startup to offer retail crypto trading

DriveWealth aims to be a crypto liquidity provider to compete with Coinbase while giving its partners’ retail clients the ability to trade crypto on their platforms.