The issuing business for the asset-focused smart contract platform Radix, Radix Tokens (Jersey), has secured $10 million in new funding. The investment gives the Radix platform a $400 million valuation and was made as part of a private capital round that was headed by DWF Labs. After acquiring the extra
New technologies constantly change the landscape of business finance. Startup Decentralized Finance (DeFi) marketplaces are the next step in the evolution of entrepreneurial finance. The term “Decentralized Finance,” also known as “Distributed Finance” or “Open Finance,” refers to a financial business environment without a single governing authority. DeFi is a
Fluidity Money, a “spend-to-earn” decentralized finance (DeFi) protocol, has partnered with Request Finance, an enterprise crypto payments app, to develop a cashback program. Regarding the Program Businesses may reward cryptocurrency-paying consumers via the cashback scheme. When businesses accept cryptocurrency payments, they also can benefit from cashback benefits. Both the sender
Despite the fact that the refund may not be fast in all situations, the courts have declared that Celsius consumers are entitled to up to 72.5% of their deposited crypto back according to a historic ruling by Justice Martin Glenn. Customers with Custodial accounts would be the only ones eligible
What is DexCoyote DexCoyote.com, a decentralized launchpad delivering services like Initial Dex Offering (IDO), and achieving miracles in this decentralized environment. DexCoyote was registered as a legal entity in the state of Delaware. The platform allows users to create their own cryptocurrency token in several networks, for example, Binance Smart
In order to increase SNX token liquidity and market making on both centralized and decentralized exchanges, the Synthetix Treasury Council has announced a strategic agreement with DWF Labs. As a result of the collaboration, DWF Labs will include Synthetix perpetuals in their trading operation and expand to be a substantial volume
The DeFi ecosystem has once again become a haven for hackers, as lending protocol, Euler Finance was recently hit by a flash loan assault that resulted in a net loss of approximately $19 million. This was the largest heist of 2023 to date. Since the largest decentralized finance (DeFi) theft
The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
Spend-to-earn decentralized finance (DeFi) protocol Fluidity Money has teamed with Gains Network, a platform that provides gTrade, an innovative, user-friendly decentralized leveraged trading experience. By the integration of Fluidity’s novel yield-generating method through the integration of fDAI and the development of an fDAI vault, Gains Network and Fluidity Money’s partnership
The IDO platform Poolz has made public the steps it has taken to mitigate the effects of a recent security breach. The team’s quick action has assisted in limiting the damage and averting a wider outbreak. A hacker was successful in taking advantage of the token contract for the POOLZ
