ZK-proof Web3 infrastructure developer gets backing from Binance Labs
Delphinus Lab is building a zero-knowledge proof rollup service aimed at powering Web3 application development.
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Community responds to US democrats backing SEC’s crypto authority
A community member expressed their decision to part ways with the party, arguing that the Democrats are playing god with the "future of American innovation."
Gemini says no funds at Signature Bank backing GUSD
The company stated that it previously had a relationship with Signature but said it no longer has funds there.
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing.
Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
Binance, Sequoia still backing Elon Musk’s bid for Twitter
The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption.
Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'
The issue deals with a lawsuit that has been ongoing since October 2019.
New York Judge orders Tether to document USDT backing
The court accepted the Plaintiffs’ requests to provide "undoubtedly important" documents in the alleged fraud case.
Bitcoin advocate criticized for backing wallet authentication project
After being swarmed by critics, Bitcoin advocate Nic Carter asked crypto Twitter to unfollow him if they disagree with any of his investments.
Tether aims to decrease commercial paper backing of USDT to zero
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.