Maduro claims that each petro token will be backed by one barrel of the oil-rich nation's petroleum, and claims that about 100 million petro tokens worth some $6bn will be issued.
Arnon de Mello, MBA '07, always expected to use his business and finance skills at a startup in his home city of Rio de Janeiro, but he never expected the firm to be backed by one of the largest and most recognizable sports brands in the world: the National Basketball Association.
One unit of the new cryptocurrency – the "petro" – will be backed by one barrel from Venezuela's Orinoco oilfield, currently valued at $59. Maduro is planning to issue 100 million petros.
When Zuckerberg comes to Washington, he'll be backed by one of the most influential lobbying operations in town.
Two amendments have also been backed by one Conservative MP, Jeremy Lefroy.
She's backed by one big interest — the real estate industry," a reference to Allen's campaign contributors, including developers Tim Chapman and Douglas and Norman Jemal.
Edwards is backed by one of the largest local chapters of the Teamsters, but the union's umbrella organization went with Van Hollen.
Whether he can succeed remains to be seen, though he is backed by one of the world's largest petroleum reserves at a time of high oil prices.
The deal was backed by one of the world's largest private equity groups, Kohlberg Kravis Roberts (KKR), the debt merchants synonymous with the excesses of 1980s Wall Street.
Most of the new channels are backed by one sheik or another as an antidote, or at least an alternative, to Al Jazeera's populism.
It's one of the most hotly debated questions in the world of virtual currencies: Is Tether telling the truth when it says that each of its digital coins is backed by one U.S. dollar?
