Financial technology services provider, Esusu became the latest fintech to achieve the status of a unicorn after the company closed its $130 million funding round.

Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. […]

A $260 million Series F funding round has given Brazilian secured lending platform Creditas a valuation of $4.8 billion. The new capital will help the company expand its operations and provide a “one-stop solution for those seeking a digital-first experience in everything related to their houses, cars, motorcycles, and salary-based benefits.” The round was led Read more...

The post Brazil’s Creditas Earns $4.8 Billion Valuation After Securing $260 Million in New Funding appeared first on Finovate.

On this episode of The Scoop, Head of Growth at Parallel NFT Franklin Fitch and artist Dave Krugman joined host Frank Chaparro to discuss how NFTs are radically transforming the relationship between creators and the art market, as well as the gaming industry.

The post NFT creators explain why this technology has ‘so much more depth’ than a profile picture appeared first on The Block.

American digital currency prime brokerage Genesis released its Q4 2021 Market Observations Report, which provides detail on the company’s results and market indicators over the past quarter and the whole year of 2021.

The post Report: Strong activity underscores institutional interest across digital assets appeared first on CryptoSlate.

Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get past and challenge Ethereum’s performance restrictions. The strategic round of funding was led by Republic Capital and also saw participation from blockchain-centric VCs including Avalanche Labs, Bitcoin.com, Skynet EGLD Capital, Celer, Ascensive Assets, Haskey, Morningstar Ventures, Kane & Rao among others. With this round of strategic funding, Swing has achieved a valuation of USD 60 Million, making it one of the most sought-after projects in the DeFi space. With this successful fundraiser, Swing aims to fastrack its plans to launch APIs to aggregate major liquidity sources and bridges with the aim of enabling cross-chain liquidity and progress closer to its vision of decentralized liquidity across the DeFi multi-chain ecosystem. The funding will be utilized to propel Swing’s development and expansion of teams. The Future of DeFi: A Big Stride Towards Cross-Chain Infrastructure For The Internet The total value locked (TVL) in the DeFi space, a measure of the number of assets staked in a specific protocol, quadrupled in 2021 alone bringing its TVL to USD 201.55 Billion in 2022. The DeFi space has witnessed a boom of decentralized exchanges (DEXs) and protocols, the issue of sporadic liquidity is ever persistent. Further, DEX Aggregators find themselves restrained to connecting liquidity pools on the Ethereum chain thereby, limiting possibilities of multi-chain liquidity aggregation. While Ethereum is one of the most prominent chains for building protocols, it is no revelation that its network congestion and stark lack of scalability have resulted in high latency and soaring gas fees. It is vividly clear that blockchain interoperability is the need of the hour to resolve the issue of liquidity fragmentation on DEXs. This is why Swing is building an efficient cross-chain infrastructure for the internet which will compose and aggregate liquidity across blockchains and thereby, move assets across multiple ecosystems with minimum slippage. This is said to become an indispensable part of the DeFi ecosystem. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. With these features and offerings, Swing aims to be the Stripe for cross-chain transactions. Much like how Stripe enables websites and apps to take payments over their websites, Swing will simplify cross-chain swaps and transfers for developers and businesses with its much-awaited API product. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. By offering a cross-chain asset exchange and decentralized liquidity protocol that uses Layer 2 chains and major EVM networks, DeFi traders, investors & developers can use Swing to move crypto capital efficiently across blockchains. AMM dexes, yield farms, lending/borrowing and staking protocols will greatly benefit from Swing’s cross-chain bridging solution. Swing navigates across top protocols and exchanges on Layer 1 and 2 chains with its cross-chain bridges and intelligent algorithms to beat and match market swap prices. Swing is currently compatible with Ethereum, Polygon, Binance Smart Chain, Harmony, Avalanche, xDai, Moonriver, and Phantom and is said to expand to Solana, Harmony, Polkadot, Cardano, Optimism, and Near soon. Concluding Thoughts The coexistence and interoperability of multiple blockchains is a necessity for the continued growth and survival of the DeFi industry. In this light, the search for an efficient and simple cross-chain trading and liquidity aggregator is more important than ever. This is where Swing’s offering to go the last mile for crypto liquidity has become a critical part of the whole crypto infrastructure. Swing will be a one-of-a-kind gamechanger to empower developers, investors, and users all over the world to move crypto assets effortlessly using blockchain smart contracts, relayers, and cross-chain bridges. The future is multi-chain! Think multichain, Think Swing!  

GameFi, a union of gaming and blockchain-powered finance, has shifted the horizons of online gaming through the introduction of “Play-to-Earn(P2E)”. While conventional games have enabled participants to collect and exchange digital assets for decades, they could lose their investment at any time if the gaming platform shut the game down. A “GameFi” enabled game, on […]

The world of digital assets can be incredibly volatile, with the recent Bitcoin crash following its all-time high only two ...

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Hacker-powered bug bounty platform HackerOne on Thursday announced that it has received $49 million in Series E investment, which brings the total raised by the company to $160 million.

The funding round was led by GP Bullhound and received participation from Benchmark, Dragoneer Investment Group, NEA, and Valor Equity Partners.

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The mission of Kaloscope is to bridge the digital space between NFTs and the Metaverse through a concept of limited edition metaverse spaces and portals that are owned as NFTs.

The post Kaloscope: Building the NFT Metaverse appeared first on BitPinas.

BCB claims to have processed nearly $100bn worth of payments in just over five years of business.

CoinTracker, a cryptocurrency tax and portfolio tracking company raised $100 million in a Series A financing round bringing its total valuation to $1.3 billion. The round was led by Accel with participation from both existing and new investors including General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase Ventures, Intuit Ventures, Kraken Ventures, as well as Claire Hughes Johnson (Former COO, Stripe), Gokul Rajaram (Coinbase and Pinterest board member), Jeremy Liew (Early Investor in Affirm and Snapchat), and Alex Bouaziz (Deel CEO). The company plans to use the funding amount to cover segments such as crypto exchanges, DeFi and NFTs. Scaling customer support, content and community to help users address their crypto portfolio and tax challenges will also be looked into. Furthermore, the firm also plans to expand its team and hire new talents including Head of Engineering Gaurav Garg, formerly VP of Engineering at Uber and Google; as well as Product Lead Zack Reneau-Wedeen, formerly Head of Product at Robinhood Crypto. “CoinTracker and its investors have a shared mission of increasing the world’s financial freedom and prosperity. Our industry-defining investing partners like Accel believe in our vision and opportunity to give people more control of their wealth and taxes. We are incredibly excited to partner with them to make cryptocurrency portfolio tracking and tax compliance seamless, and ultimately enable and accelerate mainstream adoption of crypto,” said Jon Lerner, CEO and co-founder of CoinTracker. CoinTracker allows users to track their crypto portfolio, across exchanges and wallets to help their market value, investment performance, transactions, and taxes as they transact with cryptocurrencies to provide a seamless tax experience. The company is also the exclusive cryptocurrency tax partner for many of the top exchanges and tax products, including Coinbase, OpenSea, Intuit’s TurboTax, and Blockchain.com.  

The post CoinTracker Raises $100M Series A at $1.3B Valuation appeared first on Cryptoknowmics-Crypto News and Media Platform.