Startup

This Paradigm-Backed Startup Is Offering DeFi's First 'T-Bill'

This Paradigm-Backed Startup Is Offering DeFi’s First ‘T-Bill’

“What is the time value of money?” That’s the age-old question Allan Niemerg, former investment head at DRW and founder of newly launched Paradigm-incubated Yield Protocol, is trying to answer with his new programmatic money market. Released publicly Oct. 19, Yield is jostling to join a $2.6 billion decentralized lending industry dominated by established players …

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Crypto exchange Kraken wants to hire an Ethereum evangelist

Ethereum scaling startup Optimism releases limited testnet of its Layer-2 solution

Optimism, the Ethereum scaling startup that is building a Layer-2 solution using a tool called optimistic rollup, has released the limited testnet of its network.  Optimism said it has opted for a gradual release process, where its network will be integrated with a small cohort of decentralized applications (dapps) one at a time, in order …

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DeFi dashboard startup Zapper nets $1.5 million in seed round

DeFi dashboard startup Zapper nets $1.5 million in seed round

The startup behind a user dashboard for decentralized finance (DeFi) has netted $1.5 million in seed round funding after winning Kyber’s DeFi Hackathon last year. Zapper enables users to manage their capital in the DeFi ecosystem from one UI. DeFiZap won Kyber’s Hackathon last November for a platform that allowed users to allocate across multiple …

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Another Bitcoin Lightning Startup Is Working With Visa to 'Fast Track' Card Payments

Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments

Last month, Bitcoin Lightning startup Strike announced  it would be working with the world payment giant Visa. Now, another startup in the same vein, LastBit, which just launched its app in beta, will be going through the same Visa Fast Track program.  This partnership will eventually make it possible for users to pay for items …

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Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

Banks-owned blockchain trade finance startup We.trade cuts 50% of its staff

We.trade, the blockchain-based trade finance startup jointly owned by 12 European banks, has reportedly laid off around 50% of its staff, representing more than 12 employees. Global Trade Review (GTR) reported the news on Wednesday, citing “several sources familiar with the situation.” David McLoughlin, head of commercialization at We.trade, confirmed layoffs, without disclosing a specific …

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Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

Bitcoin advocate Anthony “Pomp” Pompliano is betting the top cryptocurrency might have more of a role to play in the emerging decentralized finance (DeFi) space. Pompliano’s Morgan Creek Digital was one of the investors in a $2.6 million seed round for Atomic Loans, a Canadian startup looking to create bitcoin-backed lending instruments. Announced Wednesday, the …

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