Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg
Report says officials from China’s Liaison Office have been spotted at crypto events in the City. Source
Read MoreReport says officials from China’s Liaison Office have been spotted at crypto events in the City. Source
Read MoreDjed started on Tuesday and has a collateral backing ratio of 600% at the time of writing. Original Source
Read MoreAfter passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko Amaya. During his speech on
Read MoreOn Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in
Read MoreThe judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is required to provide “general ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements” and
Read MoreThe order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market. Source
Read MoreBrian Armstrong's Finest Hour: Backing Tornado Cash Suit Against Treasury Source
Read MoreThirdweb tools have been used by global brands like buy now, pay later platform Afterpay, and New York Fashion Week, and the startup has a partnership with Coinbase’s NFT marketplace. In the past nine months, over 55,000 developers have used thirdweb tools to build applications, according to the company. Source
Read More"The scope of this advisory is limited to the capital and liquidity treatment of a FRFI’s exposures to crypto assets. The advisory does not address other issues, including whether a FRFI is permitted under the Bank Act, Insurance Companies Act or Trust and Loan Companies Act to issue any particular
Read MoreThe firm has previously invested in privacy-focused smart contract platform Aztec Network, Ethereum-based DeFi protocol Euler Finance, Polygon and Uniswap, to name a few. Variant Fund III follows a $110 million second fund last October, itself coming about a year after the $22.5 million debut fund. Original Source
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