Tagged: defi

February 4, 2022 @ 1:19 pm By Omar Faridi  |  

Public Mint, the fiat-native public blockchain and money system, has started using Celsius, the platform for lending and earning yield on digital currency, adding to Public Mint’s diversified, high-yield returns program known as EARN. The partnership with Celsius diversifies EARN’s offerings, which enables users to… Read More

February 3, 2022 @ 9:39 pm By Omar Faridi  |  

MRHB DeFi, which claims to be the first decentralized finance ecosystem platform focused on ethical, sustainable and halal cryptocurrency-related opportunities, has secured $5.5 million via a series of private and public rounds which culminated in an initial DEX offering (IDO) that was “oversubscribed” on the… Read More

February 3, 2022 @ 9:02 am By Omar Faridi  |  

Wormhole, which is described as a communication bridge between Solana (SOL) and other DeFi/blockchain platforms, claims that bad actors stole around $320 million in virtual currency. The wormhole network was exploited for 120k wETH. ETH will be added over the next hours to ensure wETH… Read More

February 2, 2022 @ 7:17 pm By Tony Zerucha  |  

Kirobo, a decentralized finance application developer, has partnered with Evai, an AI-driven decentralized crypto asset rating platform. Besides a shared client base and investment opportunity agreement, the partnership includes a series of mutual integrations, bringing the users of Kirobo’s Liquid Vault built-in instant analytics on all… Read More

February 1, 2022 @ 9:52 pm By Tony Zerucha  |  

HashKey Group, a digital asset financial services group in Asia, announced its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US $360 million. The newly raised capital will be used to fund entrepreneurs and startups… Read More

January 29, 2022 @ 10:48 am By Omar Faridi  |  

At 9:34PM UTC on January 27, 2022, a bad actor started their exploit of Qubit Finance’s Ethereum (ETH) to Binance Smart Chain (BSC) bridge. As noted in an update from CertiK, this particular exploit “ended up netting them 77,162 qXETH ($185 million), which they then… Read More

January 28, 2022 @ 6:09 pm By Omar Faridi  |  

IHS Markit (NYSE: INFO), a key player in critical information, analytics and solutions, has announced a partnership with METACO, the provider of security-critical software and infrastructure to Tier 1 banking institutions operating in the crypto-asset ecosystem. As mentioned in an update shared with Crowdfund Insider,… Read More

January 28, 2022 @ 9:29 am By Omar Faridi  |  

The team at Fireblocks has announced that they’ve acquired $550 million in capital through a Series E round. This brings Fireblocks‘ valuation to $8 billion, making the Fintech firm “the highest-valued digital asset infrastructure provider in the world.” As mentioned in the update from Fireblocks:… Read More

January 26, 2022 @ 8:49 pm By Tony Zerucha  |  

Cactus Custody, an institutional custodian solution powered by Matrixport, today announced it is a MetaMask Institutional (MMI)-integrated custodian able to support MMI’s multi-chain capabilities and all Ethereum Virtual Machine-compatible chains. This feature, called DeFi Connector, and offered by Cactus Custody, allows institutional clients to connect with decentralized finance… Read More

January 26, 2022 @ 5:42 pm By JD Alois  |  

Institutional blockchain firm Blockdaemon has raised $207 million in a Series C funding round that values the firm at $3.25 billion. The funding round was led by Sapphire and Tiger Global, with participation from existing investors SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital… Read More

January 26, 2022 @ 8:41 am By Omar Faridi  |  

Finvault Exchange OÜ, the Fintech firm that’s licensed and regulated by the Estonian FIU as an authorized digital currency exchange, is transforming the way individual consumers and businesses save, invest, transfer and spend their funds and digital wealth. Finvault announced that it has opened up… Read More

January 25, 2022 @ 10:22 pm By Tony Zerucha  |  

Everest, a Fintech company with blockchain solutions for identity verification, eKYC, crypto custodianship, and financial services, this week announced an integration with Polygon, a leading platform for Ethereum scalability and infrastructure development. By making its EverChain fully interoperable with Polygon PoS chain, Everest brings its… Read More

January 24, 2022 @ 10:22 am By Omar Faridi  |  

NFT Investments, an incubator focused on the market for non-fungible tokens (NFTs), is pleased to confirm that it has entered into a non-binding letter of intent (LOI) for the acquisition of Pluto Digital PLC, a crypto tech and venture firm (for a “consideration” of £96… Read More

January 22, 2022 @ 2:01 pm By Omar Faridi  |  

Protocol Labs and Faber are collaborating to help with supporting the development of the next-gen of the Internet. The partnership combines Faber’s experience as early-stage deep tech VC and Protocol Labs’ Web3 expertise to “help entrepreneurs create the building blocks of successful new companies in… Read More

January 20, 2022 @ 11:27 pm By Omar Faridi  |  

METACO, the provider of security-critical software and infrastructure to the digital asset ecosystem, has announced that Union Bank of the Philippines is implementing its digital asset management services. As noted in an update shared with CI, UnionBank is deploying services on IBM Cloud, in order to… Read More

January 20, 2022 @ 11:17 pm By Tony Zerucha  |  

Direxion today launched a series of exchange-traded funds (ETFs) designed to give investors access to fintech, oil services and the S&P 500. Unveiled today are the Direxion Daily FinTech Bull 2X Shares (Ticker: FNTC), Direxion Daily Oil Services Bull 2X Shares (Ticker: ONG) and Direxion Daily… Read More

January 20, 2022 @ 5:16 pm By Tony Zerucha  |  

Folks Finance, a capital markets protocol for borrowing and lending built on the top of the Algorand blockchain, today announced the closing of its $3 million seed funding round, led by Borderless Capital with participation from a group including Jump Crypto, ParaFi Capital, Coinbase Ventures,… Read More

January 20, 2022 @ 10:22 am By Omar Faridi  |  

The 1inch Network announced on January 20, 2022 that they’ve expanded to Avalanche (AVAX) and Gnosis Chain (GNO). As explained in the update, the expansion to the two fast-growing blockchains will aim to “offer 1inch users more options for low-costs, high-speed transactions.” The 1inch Network… Read More

January 19, 2022 @ 4:05 pm By Tony Zerucha  |  

  Like many Fintech entrepreneurs, Tokeny CEO Luc Falempin, was immediately excited when he read the Bitcoin whitepaper, so much that he devoted his career to using blockchain technology to make financial markets available to everyone. A few years later, Falempin is well on his… Read More

January 18, 2022 @ 7:11 pm By Omar Faridi  |  

The team at digital assets platform Celsius Network notes that since their goal is to bring the next 100 million consumers to crypto, they are constantly looking to offer (what they consider to be) the “best” experiences and “opportunities” for their community. This reportedly includes looking… Read More