bitcoin-backed
Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund
Unchained, a bitcoin financial service provider, has partnered with Build Asset Management to invest in Unchained loans. The partnership aims to unlock the value of bitcoin for borrowers. Unchained's lending division has a 170% surge in Q1-2023, despite the 2022 crypto market contagion and bitcoin's 65% value drop.
German Deutsche Borse Exchange Seeks to Launch New Bitcoin Exchange-Traded Product for Trading
Bitcoin the world’s largest cryptocurrency is making another notable milestone in crypto history as it will be the first crypto asset listed as an exchange traded product (ETP). The company announced the exchange-traded product, popularly known as the Bitcoin exchange-traded crypto (BTCE) - is Bitcoin-backed security that would be listed and traded on Deutsche Borse’s Xetra market-based in Germany. ETP is a financial instrument whose value is based on the underlying security (such as currencies, bonds, and stocks) and is traded on stock exchanges.
Coinbase Crypto Exchange to Launch Bitcoin-Backed Loans to US Clients
Coinbase announced yesterday that it was going to offer Bitcoin-backed loans to their US customers, set to be in effect for fall of this year.
Venezuelans to Bypass Hyperinflation with Bitcoin-Backed Synthetic US Dollars After Years of Extreme Economic Crisis
A cross-border remittance startup based in Colombia, Valiu has released a new Bitcoin-backed US dollars for Venezuelans to bypass the hyperinflation that has been tormenting their national economy.
ETH 2.0 Gold-Backed Stablecoin
Ethereum Gold backed tokens. Will this be the return of the gold standard? In crypto form.
American Football Star Russell Okung Shows Massive Support for Visa-Backed Bitcoin Rewards Card
Russel Okung, a National Football League (NFL) star, has shown his support for Fold’s Bitcoin cash-back rewards card as it will take Bitcoin adoption to unprecedented heights. Speaking to Forbes, Okung revealed that he has invested in the Fold Visa card project as it is a game-changer by presenting people with a unique way of being part of the Bitcoin economy.
Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance
The New York-based investment company, Wilshire Phoenix has filed the s-1 registration statement with the SEC for a publicly-traded Bitcoin fund in accordance with regulatory requirements.
Bitcoin Rally Backed by Big-Time Investors May Be the Gateway to Mainstream Crypto Adoption
Bitcoin’s rally continues above the $19,000 level, and by now it is clear that the bull run this time around is largely driven by institutional investors.
Facebook Digital Currency Libra Rebrands Name to Diem Ahead of Its Dollar-Backed Stablecoin Launch
Facebook-backed Libra Association has rebranded its name to the Diem Association ahead of the proposed launch of its dollar-backed stablecoin.
Bakkt Bitcoin Futures Reach an All-Time High, BTC Traders Eye Federal Reserve Economic Projections
Bakkt, backed by the Intercontinental Exchange has reported a new record high of daily trading volumes in its physically-settled Bitcoin futures contracts.
Central Banks Race to Adopt Fiat-Backed Cryptocurrencies
Cryptocurrency innovations are scrambling to get adoption across the world. However, there is also another race. Many nations are competing to become the first to adopt a central bank cryptocurrency. Let’s understand why central banks are scrambling to acquire fiat-backed cryptocurrencies.
Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.
How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America
Ripple-backed crypto exchange Bitso announced that it will expand its cross-border crypto remittance services in Latin America through a $62 million investment.
NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token
Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS). New York-based exchange and stablecoin operator, Paxos launched a gold-backed Ethereum-based token named Pax Gold (PAXG).