Tagged: defi

January 11, 2023 @ 12:00 pm By JD Alois  |  

Quasar has raised $5.4m in a bridge round at a $70 million valuation, according to a note from the firm. The funding round was led by Shima Capital alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investors include… Read More

January 10, 2023 @ 11:35 am By Omar Faridi  |  

Eric Chen, CEO and co-founder of Injective Labs, and core contributor to Injective, has shared insights with CI about how the FTX contagion is upending investments in DeFi projects and what to expect for the future of digital assets. Injective recently announced a $40M funding… Read More

January 8, 2023 @ 11:17 pm By Omar Faridi  |  

Beam celebrated its 4th anniversary on January 3rd 2023. During that time, Beam claims it has “cemented its place as the top confidential cryptocurrency in terms of features, stability and confidentiality, constantly evolving and improving in all categories.” Launched in 2019, Beam is described as… Read More

January 6, 2023 @ 3:44 pm By Omar Faridi  |  

Avalanche is one of the “most promising” L1 protocols in the general crypto ecosystem, according to an update from its community of developers and contributors. It was created in 2020 by Ava Labs and has since “become a popular choice for DeFi developers due to… Read More

December 28, 2022 @ 11:47 am By Omar Faridi  |  

As Chainalysis discussed recently, the collapse of FTX and resulting market action prompted large net outflows “from centralized exchanges, as many users shifted their funds to personal wallets, also commonly referred to as ‘unhosted wallets’.” Chainalysis found that while the trend wasn’t “as pronounced as… Read More

December 26, 2022 @ 7:37 pm By Omar Faridi  |  

The 1inch Network has released a major upgrade, Fusion. The upgrade aims “to make swaps on 1inch yet more profitable and secure, setting new standards for cost-efficiency, security and user experience in the DeFi space.” The 1inch Network is pleased to announce the release of… Read More

December 20, 2022 @ 5:35 pm By Omar Faridi  |  

Kava has partnered with cryptocurrency trading platform, Bitget. The partnership includes the KAVA token listing on the Bitget exchange Innovation Zone. By partnering with Bitget, Kava aims “to increase the liquidity of KAVA tokens by making it easier for users to access a wide range… Read More

December 20, 2022 @ 6:41 am By Omar Faridi  |  

The team at Centrifuge is pleased to close the year with the official launch of a $220 million fund with their partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will “deploy four vaults to fund investments in real-world… Read More

December 19, 2022 @ 2:51 pm By Omar Faridi  |  

Umbria Network recently shared key updates, milestones from 2022 including new products, bridges and partnerships. The platform’s developers also provided updates on their expansion efforts within the Web3 ecosystem. In addition to the recently reported increase in transactions on its cross-chain bridge platform, Umbria Network… Read More

December 18, 2022 @ 10:40 pm By Omar Faridi  |  

THORChain, a non-custodial decentralized native asset protocol that enables wallets, decentralized exchanges (DEXs), and users to seamlessly transfer their digital assets across blockchains, has completed its integration with Trust Wallet, a self-custodial and multi-chain wallet provider. This integration “unlocks decentralized multichain swaps for the more… Read More

December 15, 2022 @ 3:09 pm By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announces that it has launched Ethereum DeFi strategy tokens “for the first time on Injective, a layer 1 Cosmos blockchain optimized for finance.” Sommelier is a blockchain/DLT-based platform “built with the Cosmos SDK that executes advanced crypto portfolio… Read More

December 4, 2022 @ 2:53 pm By Omar Faridi  |  

Valour Inc., a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, announced a partnership with Autostock, a Swedish trading platform “to launch an automated trading strategy designed to capture weekly effects… Read More

December 3, 2022 @ 5:02 pm By Omar Faridi  |  

CyVers claims it is a leading provider of “proactive” Web3 Security for the centralized, decentralized finance and smart contract applications “via detection and interception of crypto attacks across blockchains.” The company has announced an $8 million investment round “led by Elron Ventures.” This funding is… Read More

December 3, 2022 @ 4:29 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance Custody has “completed our SOC 2 Type 1 and SOC 2 Type 2 attestations.” Their completion demonstrates their commitment “to information security and privacy protection by closing the year with an array of security examinations.”… Read More

December 1, 2022 @ 5:25 pm By Omar Faridi  |  

Daylight, an Application Programming Interface (API) that aggregates Web3 perks all in one place, has raised $3M in a seed round “co-led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi), and Chapter One, an early stage venture… Read More

November 28, 2022 @ 3:19 pm By JD Alois  |  

Crypto markets are far off from their all-time highs, and today another crypto firm announced a bankruptcy filing due to FTX collateral damage. 2022 is not so much a crypto-winter but perhaps a crypto-ice age. The failure of FTX has harmed the entire crypto sector,… Read More

November 21, 2022 @ 4:52 pm By Omar Faridi  |  

MakerDAO, which claims to the “longest-standing” decentralized finance (DeFi) lending protocol and creator of DAI, the original, decentralized stablecoin, announces the launch of Maker Teleport, a multichain infrastructure for teleporting DAI across different blockchain networks. Maker Teleport is now “available on the smart contract chains… Read More

November 21, 2022 @ 4:18 pm By Omar Faridi  |  

THORChain, the non-custodial decentralized exchange (DEX) that opens access to native and cross-chain liquidity, has launched its single-sided staking capabilities, “allowing community members to take advantage of decentralized finance (DeFi) while maintaining full ownership of their native Bitcoin (BTC) or other assets.” For the “first… Read More

November 19, 2022 @ 7:07 pm By Omar Faridi  |  

The blowup of FTX and resulting market tumult has many in cryptocurrency citing the importance of “a core, original tenet of blockchain technology: transparency,” according to an update from Chainalysis. Chainalysis claims that “no other sector of the crypto ecosystem “embodies transparency more than DeFi,… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More