Tagged: defi

September 28, 2021 @ 9:00 am By Omar Faridi  |  

Acala, the decentralized finance (DeFi) network and liquidity hub of Polkadot, reveals that it has formed a partnership with Blockdaemon, a blockchain or DLT  infrastructure provider, in order to support its newly-developed staking derivatives for Polkadot (DOT) and Kusama (KSM). As noted in an update… Read More

September 27, 2021 @ 7:58 pm By Omar Faridi  |  

Chainlink VRF has enabled over 35 blockchain RNG use-cases. RNG or (secure) random number generator supports smart contracts and off-chain systems in order to access “a verifiably tamper-proof source of randomness.” Since its mainnet launch in October of last year, Chainlink VRF has serviced more… Read More

September 27, 2021 @ 2:46 pm By Omar Faridi  |  

Spencer Noon, an investor in Variant, a first-check cryptocurrency venture capital fund, has released their latest Network report, which covers OpenSea, Foundation, SuperRare, RMRK, and Fractional. Spencer Noon reports that analysts have covered the non-fungible tokens or NFTs space for: OpenSea, Foundation, SuperRare, RMRK, and… Read More

September 24, 2021 @ 9:13 am By Omar Faridi  |  

BNPL Pay has finalized its investment round. The Fintech company has secured a total of $7.14 million for the ongoing development of its protocol. As previously reported, the BNPL token is the utility and governance token of the BNPL Pay ecosystem. Below is a breakdown… Read More

September 23, 2021 @ 10:27 pm By Omar Faridi  |  

InvestaX (IC SG Pte Ltd) has introduced an exchange in the Monetary Authority of Singapore (MAS) sandbox, offering key infrastructure for “bringing liquidity to digital securities.” As mentioned in a release, InvestaX is a Singapore-based, MAS-licensed online investment and trading platform for Digital Securities (DSO)… Read More

September 23, 2021 @ 10:37 am By Omar Faridi  |  

Portal, a self-hosted Layer-2 wallet and “true” cross-chain DEX on Bitcoin that “makes atomic swaps between Bitcoin and other digital assets fast, secure, and private,” is pleased to confirm that it has finalized an $8.5 million round to develop a self-sovereign and “uncensorable” DeFi solution… Read More

September 23, 2021 @ 10:16 am By JD Alois  |  

Tokeny Solutions has issued a statement on the new ERC3643, a protocol currently in use by some financial institutions. EIP-3643: T-REX is an Ethereum based standard that is described as an institutional-grade security token standard that provides interfaces for the management and compliant transfer of… Read More

September 23, 2021 @ 9:30 am By Omar Faridi  |  

eToro, a multi-asset investment platform that empowers consumers to grow their knowledge and wealth as part of a global community of investors, reveals that it’s “reinforcing its commitment to opening the digital economy to the next billion global crypto users.” eToro confirmed in a release… Read More

September 22, 2021 @ 11:12 am By Omar Faridi  |  

Amasa has finalized a $1.5 million round, according to an update shared with CI. As mentioned in a release, this early capital injection from key supporters should help Amasa with introducing “investment streaming” to the world, empowering consumers to leverage the wealth-building potential of micro… Read More

September 21, 2021 @ 8:18 pm By Tony Zerucha  |  

Prophecy DeFi has appointed Peng Zhong to its advisory committee, effective immediately. The CEO of DeFi software provider Tendermint, Zhong leads a team that builds applications to improve the usability, accessibility, and safety of blockchain for developers and end-users. Tendermint is a core contributor to… Read More

September 21, 2021 @ 1:36 pm By Omar Faridi  |  

A motion proposal to integrate Bitcoin (BTC) with the Internet Computer has reportedly been approved by community members. According to an update shared with Crowdfund Insider, the plan should add smart contracts to Bitcoin via an application of Chain Key cryptography that will “directly integrate… Read More

September 21, 2021 @ 10:08 am By Omar Faridi  |  

Taker Protocol, a cryptocurrency liquidity protocol for NFTs, has secured $3 million in capital from several investors in order to develop financial primitives for the nascent non-fungible token sector. Taker Protocol‘s investment round has been led by Electric Capital, with DCG, Ascentive Assets, Dragonfly Capital,… Read More

September 19, 2021 @ 7:27 pm By Tony Zerucha  |  

Will a new competitor to Ethereum emerge, or will the acknowledged Web 2.0 winner dominate the DeFi space for years to come? It’s an interesting question for several reasons. One is that the DeFi space is still early in its evolution. Sometimes early mover advantage… Read More

September 19, 2021 @ 11:17 am By Omar Faridi  |  

Digital asset platform CoinList says that its mission is to promote the advancement and adoption of crypto-assets. CoinList writes in a blog post that they have been working with some of the leading initiatives to help with powering their digital token sales, while also connecting… Read More

September 17, 2021 @ 3:49 pm By Tony Zerucha  |  

Cobo Custody, an Asian custodian service provider, and Cobo Wallet, a centralized crypto asset management and wallet platform, will be offering support for their institutional and retail customers to access Polygon ecosystems, the companies have announced. Cobo Wallet and Cobo Custody will fully support the… Read More

September 17, 2021 @ 10:18 am By Omar Faridi  |  

Polychain and Three Arrows Capital have led a $230 million investment in the Avalanche public blockchain ecosystem. They’ve been joined by R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and several angel investors and family offices. The Avalanche Foundation will be using the funds from… Read More

September 16, 2021 @ 10:05 am By Omar Faridi  |  

Domination Finance, a non-custodial, decentralized exchange for dominance pairs, reveals that it has finalized a $3.2 million seed round involving key investors in the blockchain and crypto sector. The initiative’s operational platform enables users to trade Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM), and Tether Dominance… Read More

September 16, 2021 @ 9:06 am By Omar Faridi  |  

Umbrella Network, the decentralized Layer-2 Oracle solution, revealed on Wednesday (September 15, 2021) that they had formed a partnership with IX Swap, which claims to be the first decentralized finance or DeFi platform that provides Automated Market Making (AMM) & Liquidity Pools (LPs) for security… Read More

September 15, 2021 @ 10:00 pm By Omar Faridi  |  

Growth DeFi has integrated Chainlink (LINK) price feeds on the Binance Smart Chain (BSC) mainnet for their collateralized stablecoin lending protocol, MOR. By integrating Chainlink’s decentralized Oracle network, the MOR protocol will be able to gain access to “high-quality” and “tamper-proof” price feeds required to… Read More

September 15, 2021 @ 4:04 pm By Omar Faridi  |  

AscendEX will be listing Sovryn (SOV) under the trading pairs SOV/USDT and SOV/BTC, beginning on September 15, 2021 “at 1:00 p.m. UTC, 2021.” Sovryn is notably one of Bitcoin (BTC)’s fastest-growing ecosystems. It’s the first Bitcoin-native application that will enable users to access decentralized trading… Read More