Friday, September 25, 2020
Home > Backing

DeFi Lending Attracts VC Backing Despite Sharp Drop in Crypto Fundraising

A report published by venture capital research firm, Ana.vc, has revealed a 57% decline in crypto funding from VCs over the month of April.Despite the decline in overall investment, the decentralized lending sector appears to still be flourishing — raising 150% of its March total.Crypto fundraising plummets during AprilThe report

Read More

Aussie Crypto Unicorn Raises $160M With ‘Big Four’ Bank Backing

Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce.Existing investors Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round — bringing

Read More

‘Extremely Dangerous’ — Bobby Lee Regrets Backing Bitcoin SegWit2x

Bitcoin’s (BTC) failed hard fork attempt from 2017, SegWit2x, was “extremely dangerous and irresponsible,” says a CEO who was formerly one of its biggest supporters.In a series of tweets on Nov. 16, Bobby Lee admitted he was wrong to tout the long-dead Bitcoin scaling solution.Lee: “Bitcoin is the real

Read More

Cryptocurrency Community Eyes Tether After Website Dilutes USD Backing Claims

Developers behind stablecoin Tether (USDT) have drawn scrutiny today, March 14, after social media users noticed they had removed previous claims that the altcoin was fully backed by United States dollars.Tether, which has faced various publicity hurdles over the transparency of its holdings, had de facto guaranteed that each

Read More