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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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Alexander Lebedev's crypto startup InDeFi plans to issue a ruble stablecoin based on the model used by MakerDAO's DAI. Original Source
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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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After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa. New Funding to Help Bitmama Scale Up Crypto
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The FWB co-founder’s latest creation will act as an incubator, venture capital firm, and record label all in one. Original Source
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New York-based Slide was founded earlier this year by Farman-Farmaian, a former product lead at crypto exchange Coinbase, and Sam Hatem, who previously worked as a blockchain developer at event-betting platform Polymarket. Slide came out of stealth mode alongside the funding round in a closed launch working with a select
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Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already implemented the solution in over a dozen ATMs in the country. Argentine
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Tokenproof, a token-gating platform, is building a way for NFT holders to prove they own their Bored Apes without putting that high-value NFT at risk. That utility is growing ever more important as real-world opportunities for holders to score ownership benefits – attending events, for example – explode, said CEO
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According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnarok is a crypto startup that brought in $15.5 million worth of Ether (ETH) for gaming development in April through its first-ever NFT sale. However, 0xfanfaron
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“Suddenly, changing the ownership of a diamond, in a way that has enormous amounts of documented evidence and will stand up in a legal setting, can happen entirely through simple on-chain transactions,” he said.“This fundamentally changes the nature of supply chains, where ownership can move disjunct from physical location, and
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