Torram Closes $710K Pre-seed Round to Build Institutional-Grade DeFi on Bitcoin Torram has secured $710,000 in a pre-seed funding round to revolutionize DeFi on the Bitcoin blockchain, with backing from major investors like Draper Associates and Blockchain Founders Fund. Torram aims to bridge traditional finance with DeFi on Bitcoin. Funding from Draper Associates, Blockchain Founders […]
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Phantom Wallet Secures $150 Million to Strengthen Its Position in the Solana Ecosystem Phantom Wallet, a leading cryptocurrency wallet focused on the Solana blockchain, has raised $150 million in a significant funding round led by Sequoia Capital and Andreessen Horowitz. This investment aims to enhance the wallet’s features and expand its user base amidst the […]
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Torram’s Pre-Seed Funding Signals a New Era for Institutional DeFi on Bitcoin Torram, a Canadian tech firm, has secured $710,000 in a pre-seed funding round to revolutionize how we use Bitcoin for institutional finance, with a vision to make transactions as simple as sending an email by 2027. $710,000 pre-seed funding round closed Focus on […]
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US Law Firm Targets Solana Meme Coin Launchpad Pump.fun in Lawsuit Over Investor Losses New York-based law firm Burwick is taking legal action against Solana meme coin launchpad Pump.fun, alleging that the platform has defrauded investors by generating hundreds of millions in fees while allowing illegal activities to flourish. This lawsuit shines a spotlight on […]
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WalletConnect Secures $13 Million to Boost Onchain User Experience WalletConnect secures $13 million in Series A funding led by 1inch Network to enhance onchain user experience, highlighting DeFi’s focus on user-friendliness while raising concerns about potential centralization. WalletConnect secures $13 million in Series A funding. Funding led by 1inch Network, aimed at improving UX for […]
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Ethereum Staking for Social Impact: Lido Impact Staking Launches Lido Impact Staking (LIS) has officially entered the scene, unveiling a revolutionary platform that merges Ethereum staking with social good. This initiative allows users to stake their ETH, stETH (staked Ethereum), or wstETH (wrapped staked Ethereum) and allocate a portion of their staking rewards to various […]
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Stablecoins: The New Frontier of Crypto Crime in 2024 In 2024, stablecoins have emerged as the preferred tool for criminals in the crypto space, overtaking even Bitcoin. These cryptocurrencies, designed to mirror the stability of traditional currencies like the US dollar, are now the go-to for illegal activities. But what drives this shift? Stablecoins involved […]
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Wintermute’s Yoann Turpin Critiques CeFi, Urges Shift to DeFi for Better Price Discovery Wintermute co-founder Yoann Turpin has raised significant concerns about the inefficiencies of centralized finance (CeFi) and over-the-counter (OTC) markets, advocating for a shift towards decentralized finance (DeFi) to enhance price discovery in the crypto ecosystem. Wintermute critiques CeFi and OTC market inefficiencies […]
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Sigma Capital Launches $100M Fund: UAE’s Strategic Play in Web3 Innovation – Sigma Capital Fund I targets web3 technologies with a $100M investment. – Invests in DeFi, blockchain infrastructure, and the metaverse, among others. – Plans to support 100 startups, 25 liquid tokens, and 10 crypto funds. Introduction: Sigma Capital just dropped a hefty $100 […]
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PancakeSwap Burns $19M in CAKE Tokens Amidst Market Challenges PancakeSwap, a leading decentralized exchange (DEX), recently destroyed 8.95 million CAKE tokens worth approximately $19 million as part of its ongoing strategy to manage its token supply. Despite this significant move, CAKE’s price has fallen 32% over the past month, even as the broader altcoin market […]
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