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Though the hackers have returned a portion of the stolen funds, experts say investors should understand the risks of DeFi, or decentralized finance.
Crypto Wealth Platform Vauld Raises $25M, Thiel-Backed VC Firm Leads Raise Cryptocurrency wealth platform Vauld has completed a $25 million Series A round led by Valar Ventures, a VC firm cofounded by Peter Thiel. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also participated. The funding will be used to hire at least 100 people and expand its retail crypto banking and investing platform. Working with Binance and BitGo, Vauld offers a secure and accessible platform available in more than 160 countries. “We’ve seen great momentum with V...
Shipyard Software Raises $21M for Clipper Decentralized Exchange, Ravikant Among Backers Shipyard Softwareannounced today it has raised $21 million for Clipper, a next-generation decentralized exchange (DEX) that caters to retail traders. A $4 million equity round was led by Polychain Capital with participation from 0x Labs, 1inch, DeFi Alliance, and Quantstamp, as well asother notable investors such as Metacartel DAO, Robert Leshner and Tarun Chitra from Robot Ventures, FJLabs, and Naval Ravikant. An additional $17 million was pledged by liquidity providers for the pool of Clipper, the first...
CryptoChamps Chess Tournament Powered by Coinbase is June 12-13 Star personalities from the world of cryptocurrencies will play in a charity chess tournament. A $25,000 prize fund powered by Coinbase will be donated to charity institutions chosen by each of the participants, with donations made entirely in cryptocurrency. Cryptocurrency investor, two-time Grammy nominated artist and popular YouTube streamer Logic will play with Daryl Morey of the Philadelphia 76ers, Anthony … Star personalities from the world of cryptocurrencies will play in a charity chess tournament. A $25,000 prize fund ...
Guggenheim’s Chief Investment Officer turned bearish on cryptocurrency after Bitcoin’s drop to $30,000 on Wednesday. What Happened: Scott Minerd, chief investment officer at Guggenheim Partners, seemingly reversed his stance on crypto after Wednesday’s selloff as he took to Twitter to state that it has proven to be “Tulipmania.” Crypto has proven to be Tulipmania. As prices rise, tulip bulbs and #crypto currencies multiply until supply swamps demand at previous market clearing prices. Minerd’s comments attracted a fair amount of criticism from the crypto community, with most peopl...