Tagged: decentralized finance

April 12, 2022 @ 5:16 pm By Omar Faridi  |  

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

April 12, 2022 @ 8:50 am By Omar Faridi  |  

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

April 3, 2022 @ 3:30 pm By Omar Faridi  |  

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

April 2, 2022 @ 7:49 pm By Omar Faridi  |  

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

April 1, 2022 @ 6:05 pm By Omar Faridi  |  

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

March 30, 2022 @ 9:37 pm By Omar Faridi  |  

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

March 30, 2022 @ 8:03 pm By Omar Faridi  |  

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

March 28, 2022 @ 8:04 am By Omar Faridi  |  

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

March 22, 2022 @ 11:01 pm By Omar Faridi  |  

iZUMi Finance, a DeFi protocol bringing programmable liquidity mining to Uniswap V3, is teaming up with the HOURAI NFT project to “imbue its upcoming NFTs with value from iZUMi’s DeFi derivatives.” Each holder of HOURAI NFTs, if whitelisted (mint price at 0.1 ETH), will be… Read More

March 22, 2022 @ 12:25 am By Omar Faridi  |  

  Cryptocurrency-based lending has emerged as an important trend in the decentralized finance (DeFi) market. However, it faces certain challenges relating to Know Your Customer (KYC) considerations, risk management and risk pricing. This, according to a report from Huobi, which noted that these challenges can… Read More

March 21, 2022 @ 10:18 am By Omar Faridi  |  

Parallel Finance, the DeFi parachain hub of Polkadot and Kusama, has executed a  coordinated launch of “six separate products in one day across many different DeFi primitives.” The complete list includes: Parallel’s Automated Market Maker (AMM), Farming, Liquid Staking, v2 Crowdloan Platform, Cross Chain Bridge,… Read More

March 17, 2022 @ 11:11 pm By Omar Faridi  |  

Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager at Coinbase (NASDAQ:COIN) noted that the firm is introducing Coinbase Pay, which is described as “the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore… Read More

March 17, 2022 @ 4:24 pm By Omar Faridi  |  

The Kava DAO has reportedly voted to “allocate $750M to on-chain developer incentives, committing majority ownership of the network to the #BUIDLers.” As mentioned in a blog post, high-quality developers are “the most valuable asset to the long-term success of Layer-1 blockchains.” In recognition of… Read More

March 10, 2022 @ 9:38 am By Omar Faridi  |  

Nexus Mutual will execute (what it claims to be) the “single largest” DAO treasury deposit on Bancor this week, joining other DAOs that have staked treasury funds on Bancor. The deposit of more than $2.2 million wNXM comes as an increasing number of DAOs and… Read More

March 10, 2022 @ 9:24 am By Omar Faridi  |  

The Interchain Foundation (ICF), a Swiss non-profit that is focused on advancing interoperable, sustainable, and community-owned decentralized networks, confirms that the Inter-Blockchain Communication protocol (IBC), the backbone of the Cosmos ecosystem, “surpassed 11 million transfers in February.” Introduced in March 2021 as part of Cosmos’… Read More

March 6, 2022 @ 12:57 pm By Omar Faridi  |  

Electric Capital recently raised $1 billion to fund cryptocurrency networks, Web3 protocols, and blockchain-powered businesses. Electric Capital wrote in a blog post that they are long-term investors and partners to their founders. They claim to have spent the past four years “building software and data… Read More

February 28, 2022 @ 2:49 pm By Omar Faridi  |  

peaq, the “decentralized” Web 3.0 network powering the Economy of Things (EoT), and AllianceBlock, an “end-to-end decentralized finance solutions provider,” have announced a partnership “centering on their acceleration into Web3.” As mentioned in an update shared with Crowdfund Insider, the partnership will “see peaq utilize… Read More

February 25, 2022 @ 8:26 am By Omar Faridi  |  

The blockchain sector saw some major changes during the past year, brought on by a “maturing” crypto ecosystem and the development of innovative technologies. American Fintech firm Ripple notes that it remained focused on better understanding and further analyzing this rapid “evolution” via primary and… Read More

February 22, 2022 @ 10:56 pm By Omar Faridi  |  

Sonic, InfinitySwap, and ICPSwap are getting ready to leverage the Internet Computer blockchain’s direct integration with Bitcoin. The team at DFINITY notes that the Internet Computer is an innovative blockchain that hosts “unlimited” data and computation on-chain. You can develop scalable dApps, DeFi, websites, and… Read More

February 19, 2022 @ 7:08 pm By Omar Faridi  |  

Dr. Emin Gün Sirer, Founder and CEO at Ava Labs, ex-professor at Cornell, confirmed that BENQI liquid staking is live. Liquid staking is live. https://t.co/7ltUAvEXHn — egs9000🔺⚔️ (@el33th4xor) February 16, 2022 The team at BENQI noted that they are pleased to confirm the release of BENQI’s… Read More