The first coveted Polkadot parachain slot was won by decentralized finance (DeFi) platform Acala after days of jockeying for first place with Moonbeam, an Ethereum compatibility bridge. The winner was decided by the candle auction process, which randomly selected a block from the past seven days, at which point Acala was in the lead. It […]
Acala Wins First Polkadot Parachain Auction With $1.3B in DOT Committed
Institutions Snap Up Ether $5K Call, Bitcoin Risks Double Top as RBA Official Warns of FOMO Meltdown
Bullish flows have returned to ether’s options market with institutions purchasing higher strike or out-of-the-money call options. However, bitcoin, the top cryptocurrency by market value, is looking choppy amid sour forecasts made by an Australian central bank official. “We saw institutional buying in call options at $5,000 and $6,500 strike call options over the past […]
Investors Offer OpenSea $10B Valuation in New Round: Report
Investments on the table for OpenSea’s new funding round would set its valuation to $10 billion, The Information reported, citing sources familiar with the matter. The marketplace for non-fungible tokens (NFT) has seen explosive growth in 2021. Trading volume on the platform was over $200 million in late August 2021 compared to an average of […]
Solana-Based Sports Betting Protocol BetDEX Closes $21M Seed Funding Round
BetDEX has raised a $21 million seed round to create a decentralized global sports betting protocol. In the announcement Wednesday, the Edinburgh-base BetDEX called the raise the “largest-ever seed investment round by a U.K. startup.” The crypto derivatives exchange giant FTX and San Francisco-based crypto venture firm Paradigm led the round, which also included participation […]
ConsenSys Plots Massive Expansion Following $200M Fundraising
ConsenSys is girding for battle in crypto’s hot jobs market with $200 million to spend on up to 400 new hires after a funding round that valued the Ethereum backer at $3.2 billion. “There’s a war for talent going on,” ConsenSys Chief Strategy Officer Simon Morris said in an interview, “and we are going to […]
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