Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

El Salvador’s historic embrace of Bitcoin (BTC) might have detrimental penalties on the nation’s sovereign credit score outlook, in accordance with Moody’s Buyers Service.  Moody’s analyst Jaime Reusche instructed Bloomberg this week that El Salvador’s Bitcoin gambit “actually provides to the danger portfolio” of a rustic that has struggled with liquidity points up to now. … Read more

NEAR Protocol raises $150M to promote Web3 adoption

NEAR Protocol raises $150M to promote Web3 adoption

Proof-of-stake blockchain NEAR Protocol has raised $150 million in seed investments to speed up the adoption of Web3 applied sciences. The staff introduced that the fund could be used to develop regional hubs and lift consciousness for blockchain and decentralized tech. NEAR Protocol goals to make use of the recent funds to foster the adoption … Read more

40,000 member players guild raises $6M to make P2E gaming easier

40,000 member players guild raises $6M to make P2E gaming easier

Play It Forward DAO (PIF DAO) has kicked off 2022 by announcing it has raised $6 million from private investors, only six months after launching. The DAO includes a guild of over 40,000 players and 3,000 scholars across the Philippines and Indonesia, all of which are managed via a play-to-earn (P2E) scholar management program. Currently, … Read more

Voyant raises $15M to scale manufacturing of its tiny, cheap lidar tech – TechCrunch

Voyant raises $15M to scale production of its tiny, inexpensive lidar tech – TechCrunch

The way forward for lidar is unsure except, as Voyant hopes to do, its worth and measurement are diminished to fractions of their present values. So long as lidars are sandwich-sized units that value 1000’s, they received’t be ubiquitous — so Voyant has raised some money to deliver its smaller, cheaper, extra simply manufactured, but … Read more

Indian neobank Jupiter raises $86 million to launch lending and wealth management services – TechCrunch

Indian neobank Jupiter raises $86 million to launch lending and wealth management services – TechCrunch

Industry veteran Jitendra Gupta’s consumer-focused neobank Jupiter has raised about $86 million in a new financing round as the Bangalore-based startup gears up to offer its customers lending and wealth management services. Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round, Gupta told TechCrunch in an interview. The new round values … Read more

Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24

Welcome to the newest version of Cointelegraph’s decentralized finance e-newsletter. Because the crypto group stuffed its crypto stockings for the vacation season, the Grinch emerged to reward a grimacing destiny to 2 DeFi platforms, stealing their festive spirit and an entire lot of {dollars}.  Studying this text, you are solely receiving a portion of the … Read more

NFT-collateralized mortgage platform Arcade raises $15M in funding spherical

NFT-collateralized loan platform Arcade raises $15M in funding round

Arcade, a platform that permits customers to make the most of nonfungible tokens (NFTs) as mortgage collateral, has raised $15 million in a Sequence A funding spherical with participation from Pantera Capital. In a Wednesday announcement, Arcade mentioned Pantera, Citadel Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Administration, Eniac Ventures, Protofund, In all … Read more

Interlay raises $6.5M to speed up Bitcoin DeFi interoperability

Interlay raises $6.5M to accelerate Bitcoin DeFi interoperability

DFG Capital has led a $6.5 million funding within the interoperability start-up Interlay, which is constructing infrastructure for decentralized finance purposes throughout main blockchains resembling Ethereum, Cosmos and Polkadot.  As per the announcement, the brand new funds might be utilized by Interlay to scale its operations and convey extra builders on board with its open-source … Read more