Finance Redefined: Near’s $800M fund, Miami embraces crypto, Oct. 22–29
Near protocol allocates $800 million to its DeFi ecosystem, and Immunefi raises $5.5 million to advance its security service — all of this and more coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.The DeFi space was full of fundraising this week. Read on to discover where the venture capital firm led by Reddit’s co-founder is making notable investments.What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the last week, subscribe to our....
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The $25 million fund will be used to support Miami-based blockchain startups developing digital payment solutions on the Algorand network. Borderless Capital’s support for Algorand-based development has taken another incremental turn with the venture capital firm launching a new $25 million fund in Miami.In an announcement on Wednesday, the investment firm stated that the $25 million fund will focus on supporting blockchain startups in the city of Miami.Dubbed the Borderless.Miami Fund, the VC firm is joined by stablecoin issuer Circle to foster the growth of digital payment and digital....
Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algorithmic stablecoins have once again become a popular crypto topic. USN, a stablecoin native to an emerging public chain named NEAR, was launched almost at the same time as UST collapsed. The fall of UST showed this nascent stablecoin how the death spiral of an algorithmic stablecoin can engulf and destroy everything like a terrifying black hole, and users also wonder whether USN could avoid a....
Avalanche Foundation showcases a six-figure ecosystem fund, wXRP set to launch smart contracts on Ethereum, and AllianceBlock joins forces with Flare — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.For many years, Ethereum and XRP held the second and third-ranking spots in the crypto market. Read on to discover how wXRP will integrate into Ethereum to expand its utility to smart contracts.What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments....
Talking with big brains about DeFi, regulation, CBDCs, and institutional adoption at the Bitcoin conference in Miami! Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami. While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various satellite events, yacht parties, and nightclub meetups — the “shadow conference” for DeFi taking place while boomercoin maximalists talked over the same points they’ve been parroting....
One of the biggest names in venture capital, Andreessen Horowitz (also known as a16z), is reportedly raising capital between $800M and $1B for their latest cryptocurrency fund. Third Time’s A Charm The firm has raised capital for two previous funds centered around cryptocurrency investments, including an initial $300M fund in 2018 and a roughly $500M […]