Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital
Established VC firms join more atypical investment entities in positioning the young DeFi protocol for the future A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today a $4.9 million raise led by ten investors including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players....
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Alchemix users will be able to draw no-liquidation loans backed by future yield. New decentralized finance project Alchemix Finance has raised a strategic $3.1 million round from notable crypto investments funds and angels.The round was led by Spartan Capital, the investment arm of crypto consulting firm The Spartan Group. Delphi Ventures, Nascent, CMS Holdings, Maven 11, Genesis Block Ventures participated in the round as well. Several angel investors joined in as well, including Jason Choi, general partner at The Spartan Group.Alchemix also raised $4.9 million in an over-the-counter....
I'm in love with a Bitcoin girl... da da da da da... God that's catchy! I'm sure we've all seen the new Bitcoin Girl music video. CCN's own Naomi Brockwell stars as the Bitcoin Girl and now she's reaching out to our readers to tell us a bit about why the video was created. Interview with the Bitcoin Girl. Your video really shows just how outdated the old world currencies truly are. What inspired you to make a music video with Bitcoin as its premise? I find that the people who are most excited about Bitcoin are the ones who understand it the best, so I really believe that the difference of....
Naomi Brockwell, known in the Bitcoin community as The Bitcoin Girl, released her music video to 'Bitcoin Girl.'. With a feel-good tune and pumped-up drums, you just can't help but smile at the song. The video is even more comical as a 'Wall Street' busybody falls in love with the Bitcoin Girl and pursues her peer-to-peer affection all across New York City. With hyperbolic and outrageous visual editing, this video is four minutes well spent. This video was produced by the Moving Picture Institute.
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise $100 Million in Funding According to Bloomberg, the French crypto hardware wallet manufacturer Ledger is seeking more funds after the firm’s Series C last June. At the time, Ledger raised $380 million in a finance....
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit. It’s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were the ones to benefit today from an exploit, turning the concept of a ‘rugpull’ on its head. A colloquialism for when liquidity is drained from a project (often an unscrupulous founder or developer draining the funds themselves), depositors and DeFi users are most often the ones holding bad debt and/or worthless tokens — left to hope for compensation plans....