Crypto exchange giant Coinbase is revealing its crypto investment holdings amid times of macro uncertainty. In a new blog post, the top US-based crypto exchange platform unveils a detailed breakdown of its Q1 2022 crypto portfolio and offers insights on how it plans to navigate an unsteady macro environment going forward. “Amidst a shaky macro […]
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Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Coinbase Expanding in India With Web3 and Crypto Push The Nasdaq-listed cryptocurrency exchange Coinbase revealed its plan […]
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications […]
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media Companies Jambo, the Congo-based developer of a Web3 app, has raised […]
Coinbase’s investment arm escalated its investment activity in 2021, sinking more capital into crypto projects last year than ever before. Coinbase Ventures completed nearly 150 deals last year, averaging a new deal every 2.5 days, according to a new blog post from the company. “On a cumulative basis, more than 90% of the capital Coinbase […]
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An altcoin backed by Coinbase Ventures and Digital Currency Group is surging after a month of big milestones. Ethereum-based video streaming project Livepeer (LPT) soared to a new all-time of high today of $100.99, rallying more than 152% within a 24-hour period. Livepeer says it’s working to build “scalable and cost-effective” solutions for online video […]
The post Ethereum-Based Altcoin Backed by Coinbase Ventures Surges 150% in One Day, Enters Top 100 Crypto Assets by Market Cap appeared first on The Daily Hodl.
Founded in April 2021, the platform raised funds from a plethora of high-profile figures from the crypto and blockchain space.
Stader Labs, a cryptocurrency staking management platform, has today announced a $4 million financing round to accelerate development across multiple blockchains including Ethereum, Near and Polkadot, as well as broadening its marketing campaigns.
The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds, blockchain foundations and angel investors, including Coinbase Ventures, True Ventures, Hypershare, TerraForm Labs and the Solana Foundation.
Stader Labs aggregates decentralized finance (DeFi) protocols and applications into a simplified staking solution for delegators in a bid to maximize their returns. The current offering includes staking, liquid staking, derivatives, gaming, as well as high-yield strategies.
Co-founder and CEO of Stader Labs Amitej Gajjala commented on the firm's ambitions:
“We hope to empower cryptoasset staking throughout the financial sector, making it easy and intuitive for investors to stake assets and generate returns.”
A report published by JP Morgan in July estimated that Ethereum's transition to a proof-of-stake consensus mechanism will increase the staking payout from $9 billion to $20 billion.
In early August, prior to Ethereum’s EIP-1559 upgrade, Pantera Capital CEO Dan Morehead predicted that Ethereum will surpass Bitcoin as the leading crypto asset, citing it’s capabilities of mining energy consumption and its vast impact on DeFi as reasons for the growth.
Related: Staking will eat proof-of-work for breakfast — Here’s why
Commenting on the Stader funding raise, Pantera Capital partner Paul Veradittakit said:
“We will provide aggregation and decentralization to staking assets and derivatives across both protocols and validators. We believe that the staking user experience can be improved for both retail and institutions, and Stader Labs is poised to play a major role in the mass adoption of staking solutions.”
Yellow Card, an Africa-focused crypto exchange platform, recently announced a capital raise of $15 million from its Series A funding round. The capital raise, which is Yellow Card’s largest, was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures also participated in the round. Making Cryptocurrencies Accessible According […]
The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana. Solana’s Orca Gets an $18 Million Capital Raise On […]
