Cryptocurrency Analysis and News Portal
Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round.Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs
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DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China.The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million.Apart from Sequoia China, the funding round featured major crypto investment firms
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A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct blockchains that run atop the main Polkadot network. Polkadot, however, has a limited number of openings available. To gain access, a parachain has to
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Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the crypto community filled its crypto stockings for the holiday season, the Grinch emerged to gift a grimacing fate to two DeFi platforms, stealing their festive spirit and a whole lot of dollars. Reading this article, you're only receiving a portion
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Decentralized exchange (dex) volumes have become very prominent this year and some dex applications have been dealing with volumes that are sizable to large centralized crypto exchanges. During the last seven days, Ethereum-based dex platforms processed $21 billion with Uniswap capturing 71% of all the Ethereum-based dex applications today. Statistics
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Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs
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Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap.Shortly after rebranding from Anyswap last week, Multichain has raised $60 million in a seed funding round led by Binance Labs, the firm officially announced
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Solana led gains among larger tokens amid a broader jump in global markets. The crypto market has added almost $59 billion in value over the past day following the U.S. Federal Reserve decision to gradually reduce stimulus benefits and taper purchases of government bonds after inflation climbed to a 39-year
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Venture accelerator Brinc closed a $130 million funding round, led by NFT and metaverse investor Animoca Brands.Brinc closed a $30 million Series B and a further $100 million for startup investments, the company said.The funds will be used to aid Brinc’s expansion into new locations and Web 3, which includes
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Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum cofounder Joseph Lubin, provides strategic and technical services for creators to build NFT marketplaces. Other major backers include Griffin Gaming Partners, RRE, Third
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