DeFi Trading Platform Aurox Seeking $1M Funding at $75M Valuation on tZERO
Aurox raised $5 million in a previous fundraising round in early 2022. It plans to go public later this year.
Deep Learning Algorithm Sets Bitcoin Price for March 31, 2023
The deep learning algorithms over at the cryptocurrency monitoring platform PricePredictions have set the price of Bitcoin at $23,597 by the end of March, according to the data accessed by Finbold on February 28.
Liquid Staking TVL Surpasses Lending, Becomes the Second-Largest Among DeFi Services
The recent surge makes liquid staking the second-largest service among decentralized finance (DeFi) protocols, according to DefiLlama data. Decentralized exchange protocols top the rankings with US$19.7 billion. Liquid staking protocols allow users to receive derivative tokens such as Staked Ether on a 1:1 basis. These tokens allow users to lock their funds to generate yield. . More than 16.5 million Ether (ETH) are staked in Ethereum, with 42% coming from liquid staking protocols, such as Lido Finance, Frax Ether and Rocket Pool. Lido is responsible for 75% of the liquid staked ETH. Ethereum’s Shanghai upgrade, scheduled for next month, will allow investors to withdraw their locked Ether and accumulated interest for the first time. Ahead of the upgrade, Lido saw an inflow of US$240 million in ETH last Saturday. Lido’s governance token, LDO, is on a 200% rally this year. The governance tokens of rivals Rocket Pool and Frax are also up by 138% and 14%, respectively, according to CoinMarketCap data.
DeFi Trading Platform Aurox Seeking Funding at $75M Valuation
Decentralized finance (DeFi) trading platform Aurox Holdings is looking to raise new capital at a $75 million valuation, according to the firm’s fundraising dashboard on tokenized securities venue tZERO. The firm confirmed the valuation.
Helium Network Migrates to Solana
At the end of March, the Helium Network will migrate to the Solana blockchain. The developers claim that the transition to the new network will increase scalability and reliability, as well as speed up transactions.
CeFi vs DeFi: Main Features and Differences in Marketing
CeFi (Centralized Finance) and DeFi (Decentralized Finance) are financial systems operating with traditional fiat money and cryptocurrency.
Djed Update — Delegation Rewards Distribution, Lowered Transaction Minimums, Elliptic Integration, and UI Improvements
Djed is now the 4th biggest project overall on the Cardano Network. As more and more use cases are being implemented, the adoption of Djed will keep growing.
Deep Dive Into Token Utilities
A token is a digital asset that represents a unit of value or utility in a blockchain ecosystem.
Cumberland Labs Backed Hashnote Launches Regulated DeFi Platform
A regulated decentralized finance (DeFi) platform for institutions, Hashnote, launched after a $5 million incubation with early stage blockchain investor Cumberland Labs.
Crypto Evening Briefing: Mastercard and Visa Set Crypto Plans on Hold Amid Market Decline
Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters.