Tagged: defi

March 4, 2022 @ 9:30 am By Tony Zerucha  |  

Socket (previously known as Movr Network) has announced a $5 million seed round, led by Framework Ventures, an investment adviser with significant experience in decentralized finance (DeFi) space, and with participation from a group including Coinbase Ventures, Lightspeed, eGirl Capital, Nascent, Geometry, and entrepreneur Mark… Read More

March 4, 2022 @ 8:14 am By Tony Zerucha  |  

Haruko today announced it has closed a $10 million seed funding round, led by Portage Ventures and White Star Capital. The company’s platform powers large institutions, enabling them to interact with crypto markets both on centralized exchanges and decentralized protocols. The company said it deploys… Read More

March 2, 2022 @ 6:17 pm By Omar Faridi  |  

Subspace Labs, the developer of Subspace Network, recently revealed that they have finalized a $32.9 million financing round that was led by Pantera Capital along with contributions from Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, and KR1. Other investors reportedly include: Hypersphere Ventures, Stratos Technologies,… 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 27, 2022 @ 7:14 pm By Stephen Lemon  |  

  M&A activity in Fintech hit record levels last year with companies around the world raising an eye-watering $132 billion, according to CB Insights’ 2021 State of Venture Report. We saw big deals, lots of firms going public, mergers left, right & centre, and Fintech… Read More

February 26, 2022 @ 11:05 am By Omar Faridi  |  

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report. Spencer Noon, the co-founder and General Partner at Variant,  notes in an update that Solana reached 299k daily active users. As mentioned in the report, Solana’s unique… 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 23, 2022 @ 4:19 pm By Tony Zerucha  |  

PDX Coin, a utility-based cryptocurrency that includes an in-development global crypto-to-fiat mobile payments app, announced this week it will commence trading on both the Uniswap decentralized exchange and on XT.com, beginning today. Currently, PDX trades on p2pb2b.io and Vindax. Uniswap is the world’s biggest decentralized… Read More

February 22, 2022 @ 11:08 pm By Omar Faridi  |  

Vying to be the top team in the Southeast Asia region, Indonesian e-sports organization RRQ (Rex Regum Qeon) has selected “high-performance,” “high-security” blockchain platform Zilliqa as the partner in its plans “to revitalize fan engagement using crypto and Web3-powered products.” Known across the gaming community… 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

February 17, 2022 @ 4:17 am By Omar Faridi  |  

1inch has released a spot price aggregator. The tool delivers spot price data from the blockchain, “enabling immediate displays of token prices in the interfaces of websites and apps.” As explained in an update shared with CI, 1inch‘s spot price aggregator aims to make token… Read More

February 13, 2022 @ 10:18 pm By Omar Faridi  |  

Binance Labs, the VC division and innovation incubator of Binance, is pleased to confirm its latest strategic investment in Automata Network, which is described as a decentralized service protocol that offers privacy middlewares for dApps (or decentralized applications). Automata Network addresses key pain points associated… Read More

February 11, 2022 @ 3:51 pm By Omar Faridi  |  

Ocean Protocol, the decentralized data exchange protocol that taps into data for AI, is pleased to confirm the introduction of DataX Protocol, an initiative financed via OceanDAO, Ocean’s community-curated grants program. DataX Protocol has a lineup of various DeFi tooling solutions for datasets in the… Read More

February 11, 2022 @ 12:07 pm By Omar Faridi  |  

METL is introducing what it claims to be the first-ever decentralized fiat gateway infrastructure of its kind “bridging Web 2 to Web3 in collaboration with Prime Trust and Avalanche.” METL’s roots date back to 2018 when the first MVP was created, in order to demonstrate… Read More

February 10, 2022 @ 8:54 pm By Tony Zerucha  |  

Kirobo this week announced NFT capability has been added to its Liquid Vault, a non-custodial on-chain wallet. The update also expands its capacity to integrate with decentralized finance (DeFi) services on supported blockchains. The DeFi ecosystem has also shot up in total value locked, offering… Read More

February 10, 2022 @ 2:52 pm By Tony Zerucha  |  

Pillow, a DeFi startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and crypto angels including DeFi Pulse co-founder Scott Lewis, Polygon co-founders JD Kanani and Sandeep Nailwal, FalconX co-founder Prabhakar Reddy, and Aniket Jindal, co-founder of… Read More

February 10, 2022 @ 10:32 am By Omar Faridi  |  

GMX, a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades, is currently live on Avalanche. Via this integration, users are able to trade AVAX, BTC, and ETH “with up to 30x leverage, with lower risk verifiable liquidation directly… Read More

February 9, 2022 @ 11:01 pm By Omar Faridi  |  

Silicon Valley Fintech Alchemy has acquired $200 million, making it the latest crypto firm to achieve unicorn status (valued at $1 billion or more). Led by VCs Lightspeed Partners and Silver Lake, Alchemy’s Series C investment round takes the firm’s valuation to $10.2 billion —… Read More

February 9, 2022 @ 8:09 am By Omar Faridi  |  

Just a few days following the Wormhole Portal hack that led to losses of more than $302 million, Meter’s Passport bridge has experienced a similar attack. The hack on meter.io has been estimated to be “a loss of around $4.3 Million, comprising $4.2 million in… Read More