Tag Archive: asset backed

  • Crude Oil to Support Venezuela’s Petro Cryptocurrency Altcoin News, Mining, News, News teaser

    Crude Oil to Support Venezuela’s Petro Cryptocurrency

    Venezuela’s first state-run cryptocurrency will be backed by three of the country’s major natural resources. Venezuela previously announced their intention to step into the crypto spotlight by creating their own digital currency, the Petro. The country’s president, Nicolás Maduro, noted that the creation of the state-controlled crypto is a way to “innovate toward new forms of international finance for the economic and social development of the country.” Sidestepping Those Sanctions It could also be due to

    · December 28, 2017 · 2:00 pm
  • Norwegian Company Launches First ICO for Asset-Backed Token Altcoin News, FinTech, News, News teaser

    Norwegian Company Launches First ICO for Asset-Backed Token

    The Norwegian mining company Intex Resources ASA has announced its plan to launch the first ICO for an asset-backed token. Companies are Turning to ICOs for Fundraising Initial Coin Offerings have become the new popular method for companies and startups to raise money. This year most prominent ICO was conducted by the Canadian-based messaging app Kik. The token sale by Kik, which is also called Kin, was able to raise the amount of $125 million in a matter

    · October 30, 2017 · 11:30 pm
  • Altcoins, Bitcoin, News

    SyncCoin backed up to $320,000

    An interesting announcement comes for SyncCoin as they have been engaged in talks with FaceFire, Inc, a Minesota corporation established in 2001 that specializes in mobile/web/desktop design and development. In 2013, FaceFire had started mining Bitcoin and other cryptocurrencies which is their link to the cryptocurrency world. This may come as a shock to many as it was not expected for this type of news to be released considering it was already known that SyncCoin

    · September 14, 2014 · 7:03 am