DeFi
Crypto Derivatives Platform dYdX Raises $65M in Paradigm-Led Series C
The San Francisco-based DEX builder has processed $2.2 billion in trades and is now “hugely profitable.”
Umee Raises $6.3M to Connect Cosmos and Ethereum With Cross-Chain DeFi
The project, led by Tendermint’s former strategy lead, secured backing from Polychain Capital, Coinbase Ventures and others.
Switzerland’s Sygnum Bank Gets Into DeFi
Custody and trading services for DeFi tokens is the first step, to be followed by a suite of yield-generating products.
DeFi Projects Continue Flocking to Layer 2 Solution Polygon
Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.
Human Protocol Expands hCaptcha Tool, Launches Wallet to Make AI Smarter
“Proof-of-HUMANity” could also thwart front-running DeFi bots.
Lending Startup Parallel Finance Raises $2M to Bring More DeFi to Polkadot, Kusama
Pantera and Polychain are backing the project.
Colombian Government Implementing New Anti-Money Laundering Laws With Local Crypto Exchanges
Colombia is ready to embrace DeFi as an opportunity for its people. This does not mean the country is going against financial institutions. Colombia’s Presidential Adviser Jehudi Castro Sierra says, “they need to reinvent themselves, or someone will do it for them.”
Market Wrap: Bitcoin Flat at $37K as Investors Tangle With Bulls and Bears
Positive news from El Salvador couldn't completely overcome negative news out of China.
Yearn’s Cronje Backs $10M Funding Round for DeFi’s Instadapp
The India-based startup will use the funding to continue developing a “middleware” layer for the DeFi ecosystem.
