Tuesday, October 4, 2022
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Crypto startup to save iconic fiat money sculpture with 1M euros in funding

The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic “Euro-Skulptur” monument in Frankfurt.Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous sculpture depicting

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Blockchain Startup Hyperlane Raises $18.5M Round Led by Crypto Investor Variant

“The current state of crypto is fragmented, as there has been a proliferation of blockchains and applications, but users on a given blockchain can’t access applications on another,” Kol said. “It’s confusing and complex, and results in a user experience that many, even crypto veterans like our team, find cumbersome

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Fintech Startup TrueLayer Trimming 10% of Staff, Citing Challenging Market Conditions

"You may understandably ask what has changed in the past twelve months," TrueLayer CEO Francesco Simoneschi said in the blog post. "We are now operating in a very different context and more challenging market conditions. TrueLayer, while being in a position of strength, is not immune to these broader factors." Source

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Blockchain Startup Diamond Standard Raises $30M to Fund Expansion

Diamond Standard, which is licensed in Bermuda to issue, sell and redeem tokens and digital assets, provides both retail and institutional investors with a diamond-backed digital currency. The physical coins, which are stored in a vault, hold eight to nine standardized diamonds. The diamond-embedded tokens are digitized through an Ethereum-based

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Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon

Synquote, a self-styled decentralized exchange (DEX), plans to support the buying and selling of options in over 500 generally illiquid instruments atop layer2 Polygon, Avalanche and BNB Chain. It unlocks the liquidity by letting traders source options quotes directly from market makers – a first in decentralized finance, according to

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