Kraken Moves to Acquire Backed in Bid to Expand Global Tokenized Equities
In recent developments, kraken is moving to acquire Backed Finance AG, aiming to pull tokenized equities deeper into the global financial mainstream. Backed to Join Kraken as Tokenized Stock Demand…
Trump-backed WLFI ramps up buybacks as token lingers 50% below launch price
In recent developments, the Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply. Looking closer,…
Phoenix Group Activates 30MW Hydropower-Backed Crypto Mining Facility in Ethi…
In recent developments, phoenix Group recently activated a 30 MW hydropower-backed crypto mining facility in Addis Ababa, Ethiopia, in partnership with Ethiopian Electric Power (EEP). Aggressive African Expansion The Abu…
Lava Debuts Bitcoin-Backed Line of Credit, Secures $200M Funding
In recent developments, lava, a bitcoin-focused financial platform, disclosed it has raised $200 million and launched a global bitcoin-backed line of credit (BLOC) offering borrowing rates starting at 5%, marking…
