Tag: DeFi

Crypto Infrastructure Company Blockdaemon Raised $207M From Tiger Capital and SoftBank

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion. Blockdaemon’s Expansion The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly […]

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Dragonfly Capital is raising $500 million for new fund

Dragonfly Capital is raising $500 million for new fund

Dragonfly Capital, a crypto-focused venture capital firm, is raising $500 million for a new fund, according to a filing submitted with the Securities and Exchange Commission.  The new fund, dubbed Dragonfly Ventures III Feeder, will join a number of newly launched investment vehicles in the space, including Paradigm’s $2.5 billion venture fund and crypto exchange […]

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Head of Youtube Gaming Joins Polygon Studios As New CEO

Head of Youtube Gaming Joins Polygon Studios As New CEO

Ryan Wyatt, who until today was Global Managing Director at YouTube Gaming, announced his resignation as part of a move that will take him deeper into the depths of the metaverse and the crypto realm. In an emotional farewell shared via Twitter, Wyatt expressed his satisfaction and gratitude to the YouTube team, to whom he […]

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Ribbon Finance: automated options selling strategies

Ribbon Finance: automated options selling strategies

Quick Take Ribbon Finance automates options selling to harvest and auto-compound premiums for its depositors, abstracting away the complexity of options writing. The strike price is determined using on-chain parameters and options are sold in an on-chain open auction permissionlessly. Total value locked on Ribbon rises steadily but is still dwarfed by existing yield optimizing […]

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Ethereum developers replace Ethereum 2.0 brand name with “Consensus Layer,” here’s why

Ethereum is moving away from the “Ethereum 2.0” terminology to the “consensus layer.” No changes have been made to the particulars of ETH 2.0, however, the rebrand carries several advantages. On Jan. 24, the Ethereum Foundation announced that the popular moniker “Ethereum 2.0” or “ETH 2.0,” was being deposed in favor of the “consensus layer.” […]

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Solana suffers second network outage this year amidst brutal crypto market correction

For about 30 hours on Jan. 21-22, Solana suffered network instability and outage due to liquidation and arbitration bots. SOL shed 36 percent as a result as doubt loomed over the network’s reliability. Yet again, the Solana (SOL) network has suffered another network instability and outage – the second this January and the fourth in […]

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Traders are complaining about Solana’s performance, raising questions about its status as a Wall Street darling

Traders are complaining about Solana’s performance, raising questions about its status as a Wall Street darling

Jim Greco, like many traders who have had to deal with the Solana network’s outage over the last few days, is annoyed. “How can anyone possibly trust the Solana network with real capital after a meltdown like today?” Greco, a market structure guru and former executive at KCG,  said in a tweet on Friday night. […]

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Multichain Whitehat Hacker Returns 259 ETH: Report

Multichain Whitehat Hacker Returns 259 ETH: Report

The users of cross-chain protocol lashed out over an unsolved security vulnerability that appeared earlier this week and the platform’s failure to act. Later on, though, Multichain revealed that one whitehat hacker returned 259 ETH, worth approximately $813,000. The Multichain Exploit It all started when Multichain announced the existence of a flaw that made several […]

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