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xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

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Time Stamp: January 17, 2023 4:30 AM - Modified On: January 17, 2023 - Published By:
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MEDIA RELEASE xBacked is a permissionless over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility xBacked's decentralised stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by assets in the basket Stability pool, on-chain governance and TGE (token generation event) will be available in the coming months 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple

🔴 Infrastructure Bill Impacting Crypto | This Week in Crypto – Nov 22, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-nov-22-2021/
Time Stamp: November 22, 2021 1:00 AM - Modified On: November 22, 2021 - Published By:
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 The controversial U.S. infrastructure bill becomes law, Square reveals its DEX, and a crypto exchange stamps its name on a major US sports venue. These stories and more this week in crypto. Hundreds of billions of dollars of value were wiped off in a market-wide dip just a week after the crypto market had peaked. The dip brought the price of Bitcoin back down below $57,000 and other major cryptocurrencies also suffered double digit drops in value before stabilising. President Joe Biden signed the Infrastructure Bill containing controversial crypto

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

Source Node: https://news.bitcoin.com/nft-collateralizing-south-african-startup-raises-5-million-in-latest-seed-round/
Time Stamp: November 19, 2021 7:30 AM - Modified On: November 19, 2021 - Published By:
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A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated in the funding round include Maven 11, Scalar Capital, and Kleiner Perkins. The company, which was founded by Stephen Young in February 2020, already acts as a marketplace where users can get a cryptocurrency loan

Prepare for the Future of Decentralized Venture Investment with DAOLaunch

Source Node: https://coinidol.com/venture-investment-daolaunch/
Time Stamp: November 17, 2021 8:00 AM - Modified On: November 17, 2021 - Published By:
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Nov 17, 2021 at 13:00 // News Nowadays, Venture capitalists and institutional investors dominate the investment business. The issue is that they may use their capital, network, connections, and brand to negotiate better investment terms and generate significant returns.   Most of these types of transactions take place in a private context. Ordinarily, retail investors do not have access to such opportunities. More than ever, a democratic and realistic approach to start-up investment is required.  This method will boost the start-up industry's competitiveness and innovation. DAOLaunch presents a Decentralized Venture Capital

CropBytes launches the CBX token on Bybit and MEXC

Source Node: https://ambcrypto.com/cropbytes-launches-the-cbx-token-on-bybit-and-mexc/
Time Stamp: November 17, 2021 4:45 AM - Modified On: November 17, 2021 - Published By:
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Metaverses create a virtual world combining elements from digital gaming, augmented reality, and social media. While recent times have seen an influx of crypto gaming platforms that allow users a chance to play games in a tokenized ecosystem. CropBytes has established itself as a metaverse with a growing crypto gaming community ever since its launch in 2018. It has over 250K signups and 100K downloads on PlayStore and AppStore.  IEO and CBX token listing  Bybit and MEXC exchanges jointly listed the CBX token on 5 November 2021. Only a total

Everything Users Need to Know About Blockademia Token Sale

Source Node: https://beincrypto.com/everything-users-need-to-know-about-blockademia-token-sale/
Time Stamp: November 17, 2021 3:20 AM - Modified On: November 17, 2021 - Published By:
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The new Croatian cryptocurrency startup Blockademia recently revealed their decentralized information system for issuing and checking the authenticity of issued documents such as diplomas, certificates, and others. Sponsored Sponsored Blockademia works on the Cardano blockchain, which ensures the permanence and immutability of the issued entry containing document metadata and subsequent authenticity checks.  To raise funds for further development, this cryptocurrency startup plans to issue 85 million ACI tokens, out of a total of 250 million. The initial distribution of ACI tokens is carried out through its own web system in

DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg

Source Node: https://www.bitcoinnewsminer.com/dcg-reaches-10-billion-valuation-in-secondary-sale-led-by-softbank-and-capitalg/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the

DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg

Source Node: https://news.bitcoin.com/dcg-reaches-10-billion-valuation-in-secondary-sale-led-by-softbank-and-capitalg/
Time Stamp: November 2, 2021 2:30 AM - Modified On: November 2, 2021 - Published By:
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Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the

Polygon to Raise Network Fees as a Measure Against Spam Transactions

Source Node: https://beincrypto.com/polygon-raise-network-fees-spam-transactions/
Time Stamp: October 6, 2021 3:12 AM - Modified On: October 6, 2021 - Published By:
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Polygon will raise its network fees to 30 Gwei from 1 Gwei, co-founder Sandeep Nailwal revealed in a forum post. The network is also doubling down on its foray into non-fungible tokens (NFT) with an OpenSea marketplace integration.Sponsored Sponsored The Polygon Network will raise network fees as an added measure to prevent spam transactions, according to a post by co-founder Sandeep Nailwal on the project’s forum. Nailwal said the network fees would be increased to 30 Gwei from the previous one Gwei. Polygon has suffered from spam attacks in the

Gelato Network raises $11 million in Series A funding led by Dragonfly Capital

Source Node: https://www.theblockcrypto.com/post/119135/gelato-network-smart-contract-automation-funding?utm_source=rss&utm_medium=rss
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,

Sports NFTs Are Hot Property: How Blockchain Technology Gives Fans New Ways To Connect With Their Favourite Sport

Source Node: https://bitcoinist.com/sports-nfts-are-hot-property-how-blockchain-technology-gives-fans-new-ways-to-connect-with-their-favourite-sport/?utm_source=rss&utm_medium=rss&utm_campaign=sports-nfts-are-hot-property-how-blockchain-technology-gives-fans-new-ways-to-connect-with-their-favourite-sport
Time Stamp: September 30, 2021 4:59 AM - Modified On: September 30, 2021 - Published By:
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It’s an exciting time to be a football fan. The sport is embracing new technology that is enabling fans to show their love for the beautiful game in totally new ways. But even as the digital collectible market expands, the crypto community can still offer fantastic physical prizes. Are NFTs the future of football fandom? The big finance firms seem to think so. SoftBank Vision Fund, LionTree, Bessemer Ventures, IVP, Hillhouse and Atomico were all lead investors in Sorare, a European fantasy football platform that offers digital collectibles in the