Balancer Labs today announces the launch of Boosted Pools on DeFi protocol Aave. Aave is the industry’s most popular lending and borrowing protocol, boasting more than $13.4 billion in total assets (excluding assets being borrowed). Aave’s lenders earn interest by locking up their crypto in liquidity pools and borrowers can take out loans by providing crypto as collateral. The project…
Ledn, a Toronto-based crypto lending firm, has announced a $70 million raise in a Series B funding round led by Dan Tapiero’s 10T Holdings. The fresh financing brings Ledn’s market valuation to $540 million. Golden Tree Asset Management, Raptor Group and FJ Labs are among the firm’s new backers, joining the existing investors such as White Star Capital, Kingsway Capital,…
CardCoins has integrated the Lightning Network into its operations, enabling customers to receive their purchased BTC through the layer-2 for lower fees and faster transactions, the company said in a statement sent to Bitcoin Magazine. “One of the most common concerns raised by users is the speed and cost of their settlement transactions,” a CardCoins spokesperson said in the statement.…
sponsored Shopping․io, the very first E-commerce platform that allows users to purchase from major hubs using over 200 cryptocurrencies, is now proud to expand the catalog of products and to launch their very own NFT collection: the Shopverse. On December 3rd, Shopping․io announced their incredibly daring and adventurous journey into the Metaverse with the introduction of their genesis NFT line…
On Wednesday, crypto-fiat gateway payments provider Ramp announced it had raised a $52.7 million Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital, and angel investors. Ramp allows its partner brands to offer crypto-enabled services, claiming that it takes mere hours for developers to integrate their decentralized applications, or dApps, with its software. It has…
As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term. A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg Technology, noting that Bitcoin and the crypto ecosystem have historically evolved around cycles based “sort of around the…
Historically, trading on the stock market has only been an option available to relatively few privileged investors. The expense involved and the geographical restrictions on trading limit the opportunities to get involved for vast swathes of the global population. Now, Bitcoin-based decentralized finance (DeFi) platform DeFiChain is opening up the opportunity to create decentralized assets that perform similarly to stocks,…
Bitcoin lending platform Ledn has raised $70 million in a Series B financing round that leads the platform into a $540 million valuation, the company said in a statement Wednesday. The round was led by 10T Holdings, a growth equity firm focused on cryptocurrency companies. Existing venture investors also joined in the round, including London-based Kingsway Capital, Coinbase Ventures, billionaire…
Bitcoin (BTC) is back in fashion for regular investors at $48,000 as data confirms the biggest buying spree since March 2020. In a tweet on Dec. 14, statistician Willy Woo eyed a key trend which had previously been absent from the Bitcoin market for over 18 months. Retail adds BTC like it’s March 2020 After crashing to $3,600, BTC/USD was…
The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent. A Twitter user highlighted the Beacon chain contract claiming it to be the largest Ethereum contract with billions of dollars worth of ETH “trapped” inside it. BREAKING: 8,641,954 ETH ($32 billion) trapped in single largest Ethereum contract and…
