Hey Bitcoin ETF! Say Hello to the 500 DeFi Index Funds Already Trading
The long wait for this one imperfect trading product shows exactly why DeFi will disrupt and upend traditional finance.
Gitcoin Drops GTC Token to 25,500 Users; Now Worth More Than $100M
Gitcoin has been funding open source projects for a more decentralized web since 2017 and now it’s decentralizing itself. Yesterday the Ethereum-focused startup announced it will be now governed by a DAO and holders of its new token, GTC. The first step in this gradual decentralization was to issue 100 million GTC tokens, 15 million …
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Crypto Makes First Attempt to Recover After Worst Bloodbath in Over a Year
It’s bad out there — in the past 24 hours Bitcoin plunged as much as 30%, while Ether fell as much as 44%, crypto exchanges were down, price tracking websites collapsed, China crackdown news flashed, crypto Twitter panic ensued. All in all, a classic crypto sell-off. But there are signs the market is starting to …
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DeFi Fixed-Lending Protocol Notional Finance Closes $10M Round Led by Pantera
Notional Finance, a decentralized fixed-rate lending protocol built on Ethereum, closed a $10M Series A funding round led by Pantera with participation from ParaFi, 1confirmation, Spartan Group, Nascent, Nima Capital, and others. “Notional’s mission is to bring fixed-rate borrowing and lending to Ethereum and take DeFi to a more mainstream audience that is interested in …
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IDEO Startups to Invest in Each Other Via New Founder Collective
IDEO today announced the IDEO Founder Collective, where founders of the design firm’s portfolio companies can invest in each others’ startups. All 20+ members —including IDEO CoLab Ventures, the firm’s venture arm— are contributing an equal amount of equity or tokens in return for shared ownership in the collective. Besides participation in the group’s companies, …
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Injective Protocol Raises $10M at $1B Valuation From Investors Including Pantera
Injective Protocol, a decentralized derivatives exchange, said it raised a $10M at a $1B valuation from investors including Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), among others. Dallas Mavericks owner Mark Cuban also participated, while Cumberland, DRW’s crypto arm, disclosed its investment in the company. “Raising a sum of money so small relative …
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Balancer V2 is Now Live Along With $2M Bug Bounty
Balancer Protocol’s updated smart contracts, which allow for users to further customize token pools, are now public and open source. The project is offering a 1k ETH bug bounty to spot vulnerabilities in the code. Balancer’s new architecture is based on a single vault that holds and manages tokens, giving Balancer V2 flexibility to support …
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zCloak Network Closes $1.3M Seed Round Led by IOSG and Hypersphere
zCloak Network, a Polkadot-based and privacy-focused computing platform, announced it closed a $1.3M seed round led by IOSG Ventures and Hypersphere Ventures. Other notable participants include KR1, DFG, Advanced Blockchain AG, PAKA Fund and Digital Renaissance Foundation. zCloak Network enables computation and analysis of personal data without sending them to 3rd party servers with the …
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C.R.E.A.M. Finance Unveils Cross-Protocol Flash Loans
DeFi lending protocol C.R.E.A.M. Finance is launching a protocol-to-protocol flash loan product through its Iron Bank, with the aim to increase capital efficiency and expand the scope of decentralized finance. DeFi protocols will now be able to take out flash loans ––uncollateralized loans that need to be repaid at the same block that they are …
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dYdX Launches Layer 2 Perpetuals Powered by StarkWare
dYdX launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare. The move is significant as it highlights how some of Ethereum’s most well-known DeFi projects are migrating to scaling solutions amid rising gas costs to operate directly on Ethereum’s Layer 1. $10M Trading Volume StarkWare co-founder and …
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