Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before La...
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
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With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.
A new startup has launched in the bitcoin ecosystem, backed by $9m of Series A funding from a number of notable tech investors. Called Circle Internet Financial, or just 'Circle', the company was founded by Jeremy Allaire, co-founder of Allaire Corporation, which created the web development language ColdFusion. Circle aims to drive mainstream adoption of bitcoin and other digital currencies by offering simple payment services for both businesses and consumers. Those who contributed to the $9m in funding include Jim Breyer, Accel Partners and General Catalyst Partners, which were all....
Binance's VC arm lea DeFi liquidity provider WOO Network's $12 million Series A+ funding round. Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round.Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs on Tuesday, builds upon WOO Network’s $30 million Series A funding round.WOO Network is known for adding liquidity to tens of institutions, exchanges,....
The credit union industry is following the lead of hackers and thieves, according to Jeff Johnson, chief information officer at Illinois-based Baxter Credit Union (BCU). "This is going to sound strange," he said. "[But] criminals, no matter how much you hate them, are really smart people. They take the path of least resistance." In his mind, if it’s working for international payments on the black market, there has to be a way to leverage the technology for above-board use that is just as robust, anonymous and secure. It's one of the reasons BCU has joined 55 other....
A Colorado credit union wants the states' marijuana industry to bank with it. Its fate, however, is up to a federal judge after Fourth Corner Credit Union filed a pair of lawsuits in Denver this week against the US Federal Reserve and the National Credit Union Administration. The two federal institutions denied the Credit Union's applications to serve the marijuana industry. Fourth Corner, chartered by the State of Colorado Division of Financial Services in November 2014, was created to serve the state's marijuana industry. The credit union has waited on the okay from federal insurers and....