Crypto-to-fiat liquidity startup Xanpool raises $27M
XanPool positions itself as a “Uniswap-like” crypto-to-fiat AMM relying on the liquidity of its participants. Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding.The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel.Other participating investors included crypto-focused venture capital firm CMT Digital as well as angel investors like TransferWise co-founder Taavet Hinrikus, Xanpool announced....
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The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million.
Defi Dashboard Debank Raises $25 Million
2021 was a good year for venture capital (VC) entering the crypto and blockchain space. Estimates show that VCs invested roughly $30 billion into the crypto industry. The $30 billion invested in crypto and blockchain is four times larger than the investments made in 2020.
Debank has....
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Binance founder and CEO Changpeng Zhao is placing his bets on crypto. Changpeng Zhao, founder and CEO of the largest global cryptocurrency exchange Binance and one of the world’s top crypto billionaires, does not own much except crypto.“I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,” Zhao said in a Bloomberg interview on Wednesday.He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net....