Loans

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

Source Node: https://news.bitcoin.com/nft-collateralizing-south-african-startup-raises-5-million-in-latest-seed-round/
Time Stamp: November 19, 2021 7:30 AM - Modified On: November 19, 2021 - Published By:
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A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated in the funding round include Maven 11, Scalar Capital, and Kleiner Perkins. The company, which was founded by Stephen Young in February 2020, already acts as a marketplace where users can get a cryptocurrency loan

BTBS token, the largest Bitcoin ATMs operator in Spain lists on Bittrex Global

Source Node: https://ambcrypto.com/btbs-token-the-largest-bitcoin-atms-operator-in-spain-lists-on-bittrex-global/
Time Stamp: November 17, 2021 6:15 AM - Modified On: November 17, 2021 - Published By:
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Even if the crypto market has seen significant changes over the years, it still faces several security, safety, and usability challenges in day-to-day operations.   There have been numerous attempts to turn traditional finance into a decentralized form, but this had an insignificant effect due to the countless challenges that arose along the route. But even though there has not been a lot of adoption in this area, BitBase is here to change that by providing their token with a lot of use.  BitBase  Since its inception in 2017, the platform

Acala and Moonbeam Leading Polkadot Parachain Auction with $2.5B TVL

Source Node: https://beincrypto.com/acala-moonbeam-polkadot-parachain-auction-with-2-5b-tvl/
Time Stamp: November 16, 2021 3:20 AM - Modified On: November 16, 2021 - Published By:
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There are two horses extending their leads in the inaugural Polkadot parachain auction and the deadline for the end of bidding is approaching.Sponsored Sponsored The Polkadot network’s highly anticipated parachain auctions kicked off on Nov 11 and two projects are commanding a significant lead over the rest of the pack vying for the slot. With a combined total value locked of more than $2.5 billion worth of DOT pledged, Acala and Moonbeam are close contenders for the victory for the auction ending on Nov 18.Sponsored Sponsored The winning project will

Meet the dETH Token, a HODLable Leveraged ETH

Source Node: https://beincrypto.com/deth-token-a-hodlable-leveraged-eth/
Time Stamp: November 16, 2021 1:59 AM - Modified On: November 16, 2021 - Published By:
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The world of finance is being turned on its head thanks to the new wave of innovative Decentralized Finance (DeFi) applications being created. Sponsored Sponsored The transparency and decentralization offered by DeFi protocols are unparalleled, making it impossible for traditional financial services to match. The oldest and most time-tested financial products are now being replicated on the blockchain. Not only that, but we are also witnessing the birth of new and never-before-seen financial services such as cryptocurrency synthetic assets, decentralized exchanges (DEXs), and decentralized insurance, just to name a few.Sponsored

Another Leading DEX Is Choosing the Order Book Mechanism

Source Node: https://beincrypto.com/another-leading-dex-is-choosing-the-order-book-mechanism/
Time Stamp: November 5, 2021 3:57 AM - Modified On: November 5, 2021 - Published By:
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As the DeFi segment with the clearest application scenarios and the strongest demand, decentralized exchange (DEX) has always been attracting the most attention.Sponsored Sponsored It also embodies the greatest competitiveness as well as the strongest capital effect. Since its low and stable performance in the middle of last year, DEX’s total trading volume has grown rapidly, and the monthly figure peaked at $162.8 billion in May. Sponsored Sponsored Although it is still lagging behind the centralized exchange (CEX), its market size of hundreds of billions of dollars obviously can not

Pledge: NFT-based fixed lending protocol announces successful Fundraise

Source Node: https://ambcrypto.com/pledge-nft-based-fixed-lending-protocol-announces-successful-fundraise/
Time Stamp: September 14, 2021 4:15 AM - Modified On: September 14, 2021 - Published By:
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Pledge Finance, an algorithm-driven, multi-chain decentralized finance (DeFi) ecosystem, is announcing the launch of an NFT-powered structured collateralized lending platform targeted at the traditional financial sector. The Binance Smart Chain (BSC) based platform will be fully interoperable with other public chains, meaning other DeFi platforms will be able to interact with Pledge’s numerous product and service offerings.  Pledge Bridges the Gap Between DeFi and Finance Pledge Finance will include liquidity pools which will act as money markets so that users can exchange cryptocurrencies without the need for a centralized exchange.

Tether (USDT) cash equivalents have increased to 85%, company reveals

Source Node: https://cryptoslate.com/tether-usdt-cash-equivalents-have-increased-to-85-company-reveals/
Time Stamp: August 10, 2021 8:33 AM - Modified On: August 10, 2021 - Published By:
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Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate.Tether’s reserves “The group’s consolidated assets exceed its consolidated liabilities,” according to the independent accountant’s report, which reviewed Tether’s latest CRR and determined that the issuer met its reserve obligations for the period that ended on June 30, 2021.“The group’s reserves held for its digital assets issued exceeds

Gensler Contemplating Robust Crypto Oversight Regime

Source Node: https://beincrypto.com/gensler-contemplating-robust-crypto-oversight-regime/
Time Stamp: August 3, 2021 7:12 AM - Modified On: August 3, 2021 - Published By:
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Securities and Exchange Commission (SEC) Chairman Gary Gensler is looking to establish a robust cryptocurrency regulatory framework.Sponsored Sponsored In an interview with Bloomberg, Gensler emphasized that his knowledge of cryptocurrencies would not preclude him from regulating them thoroughly. Gensler said he is “neutral on,” but “intrigued,” by cryptocurrencies, but that he’s “not neutral about investor protection.” Although individuals are free to make their own investment decisions, Gensler stressed that the SEC had a responsibility to protect them from fraud. While acknowledging that the SEC already has broad authority, Gensler asked

Fundamentally Strongest Crypto Projects in 2020

Source Node: https://beincrypto.com/fundamentally-strongest-crypto-projects-in-2020/
Time Stamp: December 26, 2020 7:03 AM - Modified On: May 21, 2021 - Published By:
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There are numerous new promising cryptocurrency projects coming out every year. Some of them die quickly either because they offer nothing innovative to the cryptocurrency industry or a myriad of other reasons. However, some manage to thrive, lingering around long enough to grow through the ranks and eventually become staples of the industry. In this article, we will take a look at four projects which due to their strong fundamental basis and value added, could eventually become mainstays in the crypto industry. Elrond (EGLD) Elrond is a blockchain that sports