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Tether launches Alloy: A Gold-backed revolution for digital assets
18.6.2024
Tether has introduced Alloy. It is an open platform for creating digital assets. Tether Gold will back these assets, which may alternatively be known as tethered assets. Alloy is being brought to the market to reimagine digital economy stability. Recognized as an innovative approach, Alloy will...
Tether launches gold-backed, US dollar stablecoin Alloy
17.6.2024
The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether
Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
17.6.2024
Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said
Ripple Completes Acquisition of Standard Custody & Trust Company
12.6.2024
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio...
New York Stock Exchange-backed Bakkt considers sale — Report
8.6.2024
Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table
Vitalik Buterin-backed Nocturne protocol shuts down operations overnight
6.6.2024
The announcement comes despite Nocturne raising $6 million in a funding round last October
Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin
6.6.2024
Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate...
New US Stock Exchange Launching in Texas Backed by Blackrock and Citadel
6.6.2024
Backed by major financial institutions like Blackrock and Citadel Securities, TXSE Group Inc. has announced its plan to launch the Texas Stock Exchange (TXSE) in Dallas. This new exchange will provide a platform to trade and list public companies and exchange-traded products. With a capital raise...
UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens
Zimbabwe central bank ironing out wrinkles in new currency
4.6.2024
The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
31.5.2024
Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...
Citadel-backed Hidden Road halts ByBit access for clients
30.5.2024
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange
Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador
30.5.2024
Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador
Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador
30.5.2024
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,”...
Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements- Bloomberg
30.5.2024
Hidden Road, a prime brokerage backed by Citadel Securities, has suspended client access to the cryptocurrency trading platform Bybit due to disagreements over know-your-customer (KYC) and anti-money laundering (AML) requirements.
The post Hidden Road Halts Client Access to Bybit Over KYC and...
Alan Howard-Backed Elwood Technologies in Talks to Sell Part of the Business: Sources
28.5.2024
Elwood is focusing on its existing portfolio management and risk management services, and less on the trading side, one source said
UK Approves First Physically Backed Bitcoin and Ethereum ETPs for Listing on London Stock Exchange
24.5.2024
The Financial Conduct Authority (FCA), the UK’s top financial regulator, has approved physically backed bitcoin and ethereum exchange-traded products (ETPs) for listing on the London Stock Exchange for the first time. “FCA approval in this respect could result in greater institutional...
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
24.5.2024
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team...
BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap
20.5.2024
BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi).
The post BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap appeared...