Category: Decentralized Finance
Crypto startup Phantom banks funding from Andreessen Horowitz to scale its multichain wallet
While retail investors grew more comfortable buying cryptocurrencies like Bitcoin and Ethereum in 2021, the decentralized application world still has a lot of work to do when it comes to onboarding a mainstream user base. Phantom is part of a new class of crypto startups looking to build infrastructure that…
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Signalling that privacy is coming to DeFi, Sienna Network raises $11.2M for its platform
Last week we saw some major backing of the Secret Network blockchain, as significant blockchain players Arrington Capital and Blocktower Capital invested in the privacy-first smart contract platform. What this is signaling is the rise of privacy-oriented financial blockchain projects, which are crucial if “DeFi” (decentralized finance) is to have…
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EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital
Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random, or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many US or Asia-based operations. Thus it is…
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Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi Robinhood’
Back in December last year Injective Protocol, launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10 million in a “party” funding round. Participating in the round was Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures),…
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Binance Labs leads $1.6M seed round in DeFi startup MOUND, the developer of Pancake Bunny
Decentralized finance startup MOUND, known for its yield farming aggregator Pancake Bunny, has raised $1.6 million in seed funding led by Binance Labs. Other participants included IDEO CoLab, SparkLabs Korea and Handshake co-founder Andrew Lee. Built on Binance Smart Chain, a blockchain for developing high-performance DeFi apps, MOUND says Pancake…
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DeFi aims to bridge the gap between blockchains and financial services
If you’ve been following cryptocurrency news for the past few months, there’s one word that keeps coming back — DeFi, also known as decentralized finance. As the name suggests, DeFi aims to bridge the gap between decentralized blockchains and financial services. The original purpose of bitcoin hasn’t changed; it’s a…
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