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Avalanche Holders are Now Capitalizing on Bitgert Backed Projects

Key Points: Avalanche holders have been joining BitgertThe number of Bitgert backed projects continues to growBitgert Backed projects are now multimillion marketcaps As the Avalanche (AVAX) struggles with the crashing crypto market and the price plummeting for 6 months straight, the number of sell-offs has been increasing. What the selling avalanche holders are doing is joining other crypto projects that are mooning. Bitgert (BRISE) tops among the crypto projects that have received most of the Avalanche selling…

Frontier’s latest bid for Spirit has been backed by investor-advisory firm

NEW YORK — The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders. Glass Lewis supported the deal after Frontier added a $250 million breakup fee to the February agreement between boards of both budget airlines. The firm said a rival offer by JetBlue exceeds the current value of the Frontier deal “by a fairly wide margin,” but that JetBlue hasn’t made a compelling case to override Spirit’s argument that…

Justin Timberlake sells song catalog for $100M to fund backed by Blackstone

Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota.Christopher Polk | Getty ImagesBuy, buy, buy.Pop superstar Justin Timberlake, who got his start in the boy band NSYNC, has sold the rights to his song catalog to Hipgnosis Song Management, the British firm announced Thursday.The deal was completed on behalf of Hipgnosis' partnership with private equity firm Blackstone, Hipgnosis Songs Capital. It is said to be…

Tether claims USDT stablecoin is backed by non-U.S. bonds

Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars.Justin Tallis | Afp | Getty ImagesThe issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by "non-U.S." government bonds.Stablecoins are a type of cryptocurrency pegged to the value of sovereign currencies and other traditional assets. Tether, the company behind the token of the same name, aims to track the U.S. dollar.In its latest so-called "attestation" report, Tether said its holdings…

Air Company makes vodka out of CO2 emissions, backed by Toyota, JetBlue

At Bathtub Gin, a reinvented speakeasy in lower Manhattan, patrons may be pining for the past but they are drinking a vodka specifically invented for a cleaner future. Air Vodka is made in part from greenhouse gas emissions – specifically, captured carbon dioxide.It is just one of a bevy of new products designed to make use of CO2 emissions that can be captured from various types of industry."We work with partners that capture that carbon dioxide before it's emitted into the atmosphere, and then we use that CO2 in our…

UCIe Chiplet Interconnect Standard for Universal Interoperability Announced; Backed by Intel, AMD, TSMC

Chipmakers and cloud service providers have come together to create a new Universal Chiplet Interconnect Express (UCIe) standard for better chiplet interoperability. Designed to allow manufacturers to use different ‘chiplet' components when building SoCs, the initiative is supported by industry leaders such as TSMC, Intel, Qualcomm, Arm, AMD, Microsoft, Meta, and Google. The UCIe standard will allow companies to design and develop CPUs and SoCs faster, and will also allow for different combinations of components due to…