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Celo, backed by A16z, proposes a transition to Ethereum Layer 2
17.7.2023
cLabs, the core developer of the Celo blockchain, has unveiled a bold plan to transform its Layer 1 network into a Layer 2 solution built on Ethereum. This strategic move aims to enhance security guarantees and improve the overall functionality of the platform. The proposal, shared on...
Sam Altman-Backed Worldcoin Reaches 2 Million Signups
17.7.2023
Worldcoin, a startup that aims to build the “world’s largest identity and financial network as a public utility,” has reached two million sign-ups. The company, which uses its biometric World ID system to differentiate human beings, stated it has more than doubled the number...
IMF Has Not Seen Specific Proposal on BRICS Currency
16.7.2023
The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade. The Fund’s statement followed reports that...
Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand
15.7.2023
Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...
Tim Draper-Backed Fund Joins $5M Series A for LunarCrush
12.7.2023
The social media analytics platform is expanding from a digital asset trading focus to allow users to search for any topic
Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges
12.7.2023
The governor of Russia’s central bank says the creation of a common BRICS currency “requires the consent of many parties.” While emphasizing that the proposed BRICS currency “deserves attention,” the Russian central bank chief cautioned that this project is challenging and “will...
Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency
12.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home...
Rich Dad Poor Dad Author Robert Kiyosaki Predicts US Dollar's Demise Imminent as BRICS Nations Soon to Unveil Gold-Backed Crypto
11.7.2023
Robert Kiyosaki – author of the famous personal finance book Rich Dad Poor Dad – is bearish on the U.S. dollar after BRICS nations reportedly agreed to establish a gold-backed currency.
The agreement, reported by Russia Today (RT) last week, will supposedly be officially announced in August at...
AI-Backed Web3 Security Firm Olympix Raises $4.3M
11.7.2023
Boldstart Ventures led the round for the startup, which helps developers avoid vulnerabilities in smart contract code
India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead
11.7.2023
Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s external affairs minister, said India isn’t...
Chainlink Price Feeds now support tokenized assets of Backed
11.7.2023
Chainlink has announced supporting Backed’s tokenized real-world assets via Chainlink Price Feeds. The bTokens that are now supported by the price feed mechanism are IBO1, IBTA, and CSPX. The announcement has said that Chainlink Price Feeds backing the tokens will help them gain integration...
DeFi borrower uses luxury watch-backed NFT as collateral for a loan
11.7.2023
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
11.7.2023
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post
BRICS Gold-Backed Currency Will Benefit Iran, Weaken US Dollar, Iranian Official Says
10.7.2023
An Iranian official has stated that Iran stands to benefit from a gold-backed common BRICS currency. The official further asserted that such a BRICS currency would erode the U.S. dollar’s dominance and result in increased wealth for Iranians holding gold. “A tremendous change is taking place...
Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance
10.7.2023
U.S. Treasury Secretary Janet Yellen has stated that she does not see the U.S. dollar’s dominance being threatened by any development, including the proposed BRICS currency. Yellen stressed that all the data of which she is aware shows that the dollar is overwhelmingly used in international...
BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
9.7.2023
The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with...
Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
8.7.2023
According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency will act as...
Sam Bankman-Fried backed out of FTX sponsorship deal with Taylor Swift: Report
6.7.2023
The report contradicts the narrative from many media outlets that Taylor Swift’s team had done its due diligence in considering the FTX deal before pulling out
AI-Backed Blockchain Data Startup Web3Go Raises $4M
5.7.2023
Binance Labs led the round with HashKey Capital, NGC and Shima Capital among the other backers
Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’
4.7.2023
The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.”
The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset.
The government said that...