Number of successful NFT projects rises to all-time high.

The upcoming growth in decentralized finance (DeFi) will be driven by the ability to embed DeFi applications into the open metaverse. This concept, which venture capital (VC) firm Outlier Ventures

The post Decentralized Finance (DeFI) Next Growth Phase Will Be Driven by So-Called “MetaFi” appeared first on Fintech Singapore.

Algorand has appointed former JPMorgan high-flyer Staci Warden as its new CEO. Warden has been a member of the Algorand Foundation Board since September 2021 following a glittering career with JPMorgan, the Nasdaq stock exchange, and the US Treasury Department.

SoftBank Group, a leading multinational conglomerate holding company, and NVIDIA, a public-listed American multinational technology firm, recently announced the termination of the agreement regardi...

First ‘This is our Mission’ podcast of the new year takes listeners on a journey of what to expect from the company in 2022 LAGUNA HILLS, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), a leading provider of ultra-low power high performance artificial intelligence technology and the world’s first commercial producer of neuromorphic […]

The post Media Alert: BrainChip Podcast Returns with CEO Sean Hehir appeared first on Fintech News.

LUNA has been dropping sharply in the past few days, deeper than larger cryptocurrencies. As of press time, Terra’s native token moves on critical support barely above $50 with a 16.4% loss in the last 24 hours. Related Reading | Terra Announces Non-Profit ‘Luna Foundation Guard’ According to Wu Blockchain, the token lost as much as 20% in the last day. Apparently, retail investors have been panic selling their LUNA funds due to concerns about several of its dApps and UST. The latter is one of many stablecoins operating on the Terra ecosystem which is based on a supply and demand mechanism to maintain its peg. As NewsBTC reported back in December, UST has been gaining relevance across the DeFi sectors. The stablecoin allows holders access to the Anchor Protocol, Terra-based lending and borrowing application that consistently offered its users a 19.5% compounding yield on their UST deposits. This rate surpasses that of its competitors, some of which have issues offering a 10% yield with similar products. However, the current downtrend in the crypto market has heavily impacted LUNA and the Terra ecosystem. Some users believe the ecosystem as a whole could be in danger as a result of a reduction in Anchor’s reserves which according to some projections could reach $0 in the coming weeks. Without these funds, the protocol would be unable to pay off its users and due to Terra’s mechanism, it could trigger a fresh leg down across its assets. The pegged in UST has been offered in the past days, as more users seem to believe this theory. Thus, panic spreads amongst sellers looking to mitigate their losses. As of press time, UST has seen an important recovery as it hit a multi-month low of 0.98 versus the U.S. dollar. Terra (LUNA) Inventor Addresses Concerns Around Anchor Do Kwon, co-founder, and CEO of Terraform Labs, the entity behind Terra’s ecosystem, recently addressed the controversy generated around Anchor and UST. In an attempt to counterbalance the FUD, as some LUNA holder has called it, Do Kwon emphasized Anchor’s objectives. The first, he wrote on a Twitter thread, is to make market yields on stablecoins less volatile, while increasing the capital efficiency of the platform. Anchor’s Yield Reserve is a “centerpiece” to address these issues, but this component of the protocol can operate with a surplus or a deficit. Kwon said: Recently as leverage started to wind down from crypto markets, deposits have gone up a lot and borrowing down. The yield reserve has been running at a deficit to maintain the deposit yield. Users seem to believe that the Yield Reserve, Kwon said, should “always operate at a surplus”, and that the YR depletion will “have disastrous consequences”. The co-founder of Terraform Labs said that Anchor’s Yield Reserve was always designed to be used on current market conditions. On the second widespread concern by users, Kwon said that if the protocol runs out of funds in its Yield Reserve, it will “operate as a regular money market” still offering users around 15% to 16% in incentives. Therefore, he concluded that the protocol, and by extension the ecosystem, “will be fine”. Related Reading | NEAR Records 70% Rally On Terra Integration, Will It Close The Year In Profit? In the future, the team at Terraform Labs will make improvements to reduce “LUNA dominance in Anchor collateral under 40%”. In that way, a similar situation could be prevented. In the meantime, Kwon said: I am resolved to find ways of subsidizing the yield reserve. Anchor is still in the growth phase, and maintaining the most attractive yield in DeFi stable will strengthen that growth & build up moats.

The jostling for space in the attack surface management space intensified this week with Michigan startup Censys banking a new $35 million funding round to fuel growth and expansion.

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Also names Brad Brooks as new CEO.

Orderin, South Africa’s only pure Delivery-as-a-Service (DaaS) business with 100% proprietary technology, has raised $4.7 million (R70 million) in a recently closed pre-series B funding round. The funding will allow the business to scale up infrastructure, and enhance last mile delivery, which continues to be a pain point for many businesses, particularly small and medium […]

The post Orderin raises $4.7mn in pre-Series B funding to enhance last mile delivery infrastructure in SA appeared first on Fintech News.

Startline Motor Finance has appointed Andy Smithson to the new role of head of internal control, compliance and legal relay.

The privacy blockchain built on Cosmos SDK Secret Network, raised $400 million in funding from investors as we are reading more in our latest Cosmos news today. Secret Network revealed details pertaining to its Shockwave growth initaitive and the network accumulated $400 million in funding across its ecosystem and accelerator pool. Secret announced its newly […]

The cryptocurrency market has taken another small dive after a day or two of recovery. At $2.1 trillion, its total cap has fallen by around [...]