Tagged: decentralized finance

Zipmex Group Invests in Forward to Accelerate Business Growth, Strengthen Crypto Ecosystem

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Zipmex Group, a Southeast Asia-based digital asset platform, has invested in Forward, a Thai-based Fintech company specialized in DeFi Derivatives Trading, “backed by Genesis Block Ventures Capital is now valued at $50 million.” The investment, made by Zipmex’s business unit, Zipmex Labs, aims “to increase… Read More

Blockchain Analytics Firm Nansen Announces New Investment and Data Integration with APY.vision

Blockchain DLT Distributed Ledger Technology

Nansen, the blockchain data analytics platform, announced that it will be “participating in an ongoing seed round for leading DeFi data platform APY.vision.” To coincide with its seed investment, Nansen will also be “completing a third-party data integration – one of the first times Nansen… Read More

Digital Assets: Ukraine, Russia Lead Countries Globally with Higher Crypto Adoption Rates, Report Reveals

Bitcoin and Fiat Coins Money

Ukraine and Russia lead the list of countries “with higher crypto adoption rates, with 12.73% and nearly 12%, respectively,” according to an update from DappRadar. DeFi transactions in Q1 hit the lowest levels since February 2021, “while the 116 million NFT transactions across all blockchains… Read More

Digital Assets: Kraken Now Supports Trading with Centrifuge (CFG)

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The team at digital asset firm Kraken is pleased to confirm that their crypto trading platform now supports CFG. Funding and Trading You may now add CFG to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Trading will “begin April… Read More

Founders Fund, Pantera Lead $20M Round in Ondo Finance to Build “Decentralized” Investment Bank Ondo

DeFi Decentralized Finance

Ondo Finance has finalized a $20 million Series A to accelerate the adoption of DeFi “among mainstream investors.” This latest investment round was led by Founders Fund, the venture capital firm founded by Peter Thiel, and Pantera Capital. The funding will “allow Ondo to build… Read More

Celer Network, a Multi-Chain Operating System, Announces Mainnet Launch of Inter-chain Message Framework

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Celer Network, a multi-chain operating system, recently announced the mainnet launch of its inter-chain messaging (IM) framework. The mainnet launch is the culmination of years of collaboration and refinement that “brings to the market a bespoke, user-friendly framework that fundamentally changes how multi-blockchain decentralized applications… Read More

Permission.io Set to Migrate to Polygon Network to Scale Web 3.0 Advertising

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Permission.io, which claims to be the “leading” provider of permission-based Web3 advertising, announced that it’s migrating away from its own proprietary blockchain to Polygon, the “preeminent” Ethereum scaling solution with over 100 million “unique users.” The migration is the company’s first in “a series of… Read More

Crypto Set to Overtake Traditional Investments in Coming Decade: Bitstamp Report

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A survey from international digital currency exchange Bitstamp has found that investors “overwhelmingly” believe that “crypto will overtake many traditional investment vehicles and see universal adoption.” The findings from the first Bitstamp Crypto Pulse survey — “a comprehensive barometer of trust and adoption in crypto”… Read More

Fast-Evolving Fintech Sector Poses Significant Challenge for Regulators: Report

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Tech sometimes moves at “a dizzying pace.” When it comes to innovation in financial activities, often referred to as Fintech, the world is “seeing major advances,” according to an update from the IMF. For banks, Fintech “disrupts” core financial services and “pushes them to innovate… Read More

Digital Asset Portfolio Manager CoinStats Secures $3.2M to Become “Frontpage of DeFi”

DeFi Decentralized Finance

Cryptocurrency portfolio manager CoinStats recently secured $3.2 million in capital. The investment round was led by Alex Pack’s Hack VC, along with contributions from  various other funds such as Mike Dudas’s 6th Man Ventures. The funding “is instrumental in financing the development and promotion of… Read More

Abhishek Singh: Comdex CEO Talks About the Potential of Commodities Market for Retail Investors

Blockchain Digital Currency Virtual Currency Global Money

Recently, we connected with Abhishek Singh, the Co-founder and CEO of Comdex, a decentralized synthetics protocol working towards making global financing more accessible to the multitude. Developed on the Cosmos blockchain, the Comdex protocol is building solutions to democratize finance. They use synthetic assets to… Read More

Insurtech: Hong Kong’s OneDegree, Munich Re to Introduce a Digital Asset Insurance Product

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Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

DeFi: bloXroute Finalizes $70M Series B Round Led By Softbank Vision Fund 2

DeFi Decentralized Finance

bloXroute, which claims to be the provider of the “first” and “fastest” blockchain distribution network (BDN) that helps DeFi traders on Ethereum, Polygon and BSC, has completed a $70 million Series B funding campaign “led by SoftBank Vision Fund 2 with participation from Blindspot, Dragonfly,… Read More

White Star Capital, a Tech VC Platform, Announces Second Digital Asset Fund

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White Star Capital, a multi-stage tech venture capital investment platform that backs founders building interantional businesses, announced the initial close of its second Digital Asset Fund (DAF II). The fund, which will continue to invest in crypto-networks and early-stage blockchain or DLT-powered Web3 businesses, with… Read More

Digital Assets: Gemini Is Supporting Maple Finance (MPL), DeFi Pulse Index (DPI), Index Cooperative (INDEX)

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The team at digital asset firm Gemini has added support for a new set of digital tokens. The following crypto tokens are available for trading on their API/FIX and ActiveTrader applications “for USD trading pairs, and on the Gemini Mobile App and website for USD,… Read More

ADGM Partners with Finastra for International Fintech Hackathon ‘Hack to the Future 4’

Abu Dhabi Global Market ADGM

ADGM will offer participants access to its Digital Lab, which is a “neutral” and “secure” digital environment where Fintech products and services may be tested The Abu Dhabi Global Market (ADGM), an international financial center, has teamed up with financial software firm Finastra for its… Read More

International Payments, Crypto-Assets, DeFi, Climate Change Now Key Priorities for Financial Stability Board

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The Financial Stability Board (FSB) has released its work program for 2022. Priority areas of work and new initiatives, “including key deliverables to the G20 Indonesian Presidency,” are as follows: Supporting international cooperation and coordination on current financial stability issues. Against the backdrop of the… Read More

360 Web3 Tween Brand Lumiii and Crypto Reward Company Cultos to Introduce Loyalty Program

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Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

Fintech Paystand Inroduces Business Expense Card with Rewards Paid in Cryptocurrency

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Paystand, which claims to be the leader in blockchain-enabled B2B payments, has introduced the “first” corporate expense card with native crypto rewards. A technology-forward spend management platform, the DeFi Corporate Card provides instant provisioning of virtual and physical cards, as well as “advanced spend controls,… Read More

Gemini CTO Pravjit Tiwana Comments on Building the Future of Web 3.0

Fortune Cookie Golden Investments Ahead Future

At the beginning of 2022, Gemini had welcomed their CTO, Pravjit Tiwana, who joined them from Amazon Web Services (AWS). Pravjit is responsible for leading Gemini’s Engineering, Product, and Information Security teams, with “a vision of building customer-centric innovative products that harness the opportunities of… Read More

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