One key feature of the evolution of Defi into Blockchain technology and its use of Cryptocurrency for transactions is how it has been able to successfully eliminate third parties which are involved in financial transactions. In decentralized finance (DeFi) protocols, staking pools (sometimes called savings) work in a similar manner,
Tag: Crypto
Scallop obtains MSB license to operate in Canada
London, England, 12th January, 2022 - Scallop has acquired a money services business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC). The Canadian MSB license issued by FINTRAC allows Scallop Fintech Inc (Scallop Group Limited’s Canadian corporation subsidiary) to conduct money transfers and be a dealer for foreign
Venture Capital Giant Andreessen Horowitz Announces a New Fundraising Focused on Tech Startups
Andreessen Horowitz, a venture capital firm, has announced that it has raised $9 billion through three fundraising campaigns. This new round of fundraising is aimed at investing in startups across a variety of industries. This comes amid a worldwide fundraising boom in which huge investors are backing high-growth tech startups
Aave Arc launches, with Fireblock as the first whitelister
In a recent report, Aave protocol has announced the launch of Aave Arc, a permissioned version of the famous DeFi lending platform Aave. Furthermore, Aave Arc's first whitelister is Fireblocks, an institutional crypto custody firm. The permissioned platform was first introduced by Aave mid-last year. The platform is designed for
Zilliqa announces “Metapolis,” set to launch in January 2022
In recent news, Sharded layer 1 blockchain Zilliqa recently revealed that as part of its plans for the coming years, it would launch its own extended reality (XR) platform, called "Metapolis," early next year. This will make Zilliqa the first layer-1 protocol to make this move. Zilliqa's 'Metapolis,' eager to join
Future-proof interoperability of medical data is the future!
It's incredible to consider that the amount of data collected in the previous few years has surpassed the total amount of data generated throughout human history. This vast amount of data must be processed, stored, and evaluated in order for it to be useful. Modern technology, on the other hand,
Draper Dragon Fund is set to explore the Indian crypto space With Akshay Aggarwal At The Helm!
The whole year has been filled with news of various cryptocurrency wins as it continues to be a dominating force in the world. Countries and organizations have become affiliated with the crypto space, which has led to an increase in its popularity. Amongst all the countries to have embraced crypto, India
Pantera Announces Fresh Cash Injection Amidst Growing Interest from Investors in Crypto
Pantera Capital, one of the first digital asset management firms in the United States, has received $600 million in its fourth venture round, with institutional investors such as pension funds, sovereign wealth funds, and endowments accounting for 75% of the money. The bulk of investment firms in the crypto sector may
Circle Leads Investment into Crowdcube to help Global Startups Raise Money Faster
Circle, an infrastructure company and operator of SeedInvest, a leading startup fundraising platform in the United States, has announced its role in leading Crowdcube's $13.5 million round by taking a $10.5 million stake in the company, bringing two of the most leading and efficient platforms in their respective markets together. Crowdcube
Merit Circle Partners with Big Time Studios to Release a One-of-a-kind Game
In a blog post that it shared, Merit Circle thrilled its community with the announcement of a partnership with Big Time Studios with the aim of bringing traditional game players into the thriving play-to-earn space. Big Time Studios has been in the gaming business with a unique offering. The team is