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“You need three basic things to make a DeFi application work, and we provide all of them: 1. liquidity/money in the protocol, 2. software that sends the transactions and runs the blockchain, and 3. computers to run it on, in our case specialized hardware that is designed for this use,”
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Fintech Seashell has emerged from stealth mode with the launch of its high-yield Seashell Save app and the announcement of a $6 million seed round co-led by Khosla Ventures and Kindred Ventures.Seattle-based Seashell bills its offering as an “inflation-resistant” savings app. The U.S. consumer price index, an inflation metric measuring
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Bitcoin’s hashrate has been increasing a great deal during the last three months, as it’s increased more than 32% from 103 exahash per second (EH/s) on July 25 to today’s 137 EH/s, with a few highs in between around the 189 EH/s mark. Bitcoin’s price spike has pushed the hashrate
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LL Cool J is now investing in crypto startups.The rapper and entrepreneur is part of a glitzy roster of limited partners backing North Island Ventures’ newly revealed $72 million VC fund.Helmed by Glenn Hutchins, co-founder of $39 billion private equity firm Silver Lake Partners, backers include big names like hedge
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The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is.The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade. Strangely enough, the public seems completely oblivious to this fact. But not everyone
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Lending and borrowing rates on all the top decentralized finance (DeFi) platforms are dizzyingly variable.Enter Notional, a new protocol that lets users lend and borrow crypto at fixed rates. After 10 months in stealth, the platform launches in beta on Ethereum today. The startup also announced Monday a $1.3 million
Read MoreYearn Finance creator Andre Cronje quietly published his third protocol to GitHub since August on October 19, dubbed Keep3r Network. Despite the lack of a formal launch announcement, and Keep3r’s documentation stating the protocol is in beta, over-exuberant investors once again rushed to invest into the project — many of whom
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Framework Labs says it's already playing a key role in projects including Uniswap and Chainlink. Source
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Synthetix unveiled its new decentralized asset management platform dHedge, emerging out of stealth mode. dHedge takes advantage of non-custodial mimetic trading for Synths, or tokens that provide exposure to assets such as gold, Bitcoin and the U.S. dollar on the Ethereum blockchain. Synthetix founder Kain Warwick said dHedge will harness the full
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