DeFI News by Thebittimes.Com

After securing a $3.6 million seed funding round , Curvance, a decentralized finance (defi) platform, has surfaced from stealth mode. Positioned as the “everything app” for decentralized finance, lending, and borrowing, Curvance seeks to tackle fragmentation challenges across various chains and protocols. Curvance to tackle defi fragmentation The seed round , conducted on Dec. 5, garnered support from over 20 decentralized autonomous organizations (DAOs) and prominent developers.  Noteworthy contributors from over 20 decentralized autonomous organizations and prominent developers. Among the backers were Offchain Labs, the developer of Arbitrum, cross-chain messaging platform Wormhole, and angel investors, including Sandeep Nailwal, Polygon co-founder. Noteworthy contributors from various crypto projects — Scroll, Mantle, Eigenlayer, GMX, Curve Finance, Convex Finance, Balancer, Aura Finance, and Pendle Finance, along with DAOs like Frax Finance — participated in the fu...

On Nov. 16, a16z shared the release of its annual State of Crypto Report, which considers the impact of blockchains for policymakers considering the future of emerging technology in the United States. In the report , the venture capital firm emphasizes that good regulation should protect consumers and provide compliance pathways, while showcasing continuous growth for the digital asset class. Regulation remains front and center Highlighting the value of these crypto currencies, the report  calls out Blockchain analytics firms estimate that it is less than 2% of total crypto activity that is being tied to illicit transactions, and in 2022, it only accounted for between 0.10-0.24% of all crypto activity. The report further shares that regulation has been of ongoing concern to the crypto community, with notable developments, including crypto legislation being passed out of the House committees for the first time in history and courts making landmark rulings, such as ...

Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout. Cointelegraph Research has analyzed all the deals and trends from Venture Capital in the Blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the Blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible tokens (NFTs), infrastructure and Web3. The first half of 2022 brought in just under $30 billion of investment , while the second half only saw $7.3 billion — a dramatic plunge. As the crypto industry moves into 2023, Cointelegraph Research has looked at the data from its Venture Capital Database, which contains comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds and more. Using this database, Cointelegraph Research crunches the numbers to find the most import...

November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000. The crypto market s have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX. Approaching the end of 2022, it appears that the same negative sentiments are likely to remain. While some analysts say that Bitcoin (BTC) and Ether (ETH) derivatives are currently flashing positive signals for the market due to their high volatility, that same volatility is impacting the sentiment of other areas, including regulation, mining, nonfungible tokens (NFTs) and crypto stocks. Even with all this, companies such as Porsche are getting into the Web3 and NFT space and Brazil passed a law legalizing crypto payments nationwide. Over 60 deals from Venture Capital w...