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DeFi Adoption: Andreessen Horowitz Invests $25 Million In Compound Lending
November 14, 2019 4:30 pm

Decentralized Finance (DeFi) is among the fastest-growing trends that are based on blockchain. The well-known venture capital firm Andreessen Horowitz has recently invested $25 million in the popular DeFi project Compound, thus continuing its involvement in the field.

$25 Million Raised For a DeFi Project

Andreessen Horowitz invested $25 million in the fast-growing project in the field of decentralized finance, Compound Finance. The latter is based in San Francisco and uses blockchain and smart contracts to allow its users to borrow and lend cryptocurrencies. Lenders provide the capital and earn interest rates while borrowers can take advantage of that capital by putting cryptocurrencies as collateral.

Compound Finance represents an open-source money market protocol and it’s built on the blockchain of Ethereum. It’s one of the more widely used products in the ecosystem of decentralized finance.

The large venture capital firm Andreessen Horowitz has a history with blockchain and cryptocurrency. Last year, the firm launched a cryptocurrency fund and raised over $350 million in assets. According to Chris Dixon, a general partner and head of the fund, the company sees lots of potential in cryptocurrencies regardless of the market’s volatility.

Additionally, it was recently announced that Andreessen Horowitz would be launching a crypto start-up school aiming to help blockchain entrepreneurs with their projects. Dixon also commented that their school would allow building different variations of business niches:

“If this works the way we hope it does, it will be a new way to build start-up. You can build social networks and marketplaces using a lot of these concepts that have pretty profound business and social societal implications.”

DeFi Investing

DeFi’s idea to recreate traditional financial markets on a decentralized platform has gained serious steam over the last year.

With the increasing interest in decentralized finance, more and more projects receive notable financial backing from various institutions. One example of this comes from InstaDApp – a DeFi portal that simplifies the decision-making process for asset choosing. The project recently closed a round of $2.4 million.

Coinbase, the largest US-based cryptocurrency exchange recently announced its plans to get involved in DeFi as well by creating a USDC Bootstrap Fund. It will be investing their previously launched stablecoin USDC directly in the protocols, thus supporting developers of DeFi projects.

The post DeFi Adoption: Andreessen Horowitz Invests $25 Million In Compound Lending appeared first on CryptoPotato.

SFUNDING: Utility blockchain platform for DApps and decentralized entertainment services
November 14, 2019 3:53 pm

[PRESS RELEASE – Please read disclaimer]

SFUNDING is a Utility Blockchain platform that offers a favorable environment for DApps and decentralized entertainment services as well as ensuring transparency, fairness, and optimal user experience.

Blockchain-based games developed by SFUNDING provide users with numerous outstanding features.

  • Track and validate ownership of digital assets.
  • Offer a secure payment system
  • Increase competitiveness by applying innovative technology
  • Trade digital assets easily with high liquidity
  • Operating model

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SFUNDING system is empowered by Blockchain technology, which brings optimal freedom for the user through an open-source, decentralized, independent, and intermediary-free platform. All user data are securely encrypted and not controlled by any parties control, including SFUNDING Developer Team.

The launch of SFUNDING has opened up a new era of freedom and privacy where user rights and benefits are always the top priority. As an open-source platform, SFUNDING allows everyone to participate in information verification as well as the overall development of the platform.

Transaction information is always public and can be checked at any time to ensure transparency.

  • An independent Coin

One of the primary goals of SFUNDING is promoting the development of cryptocurrency by presenting Token Games on DApps and connecting current top trending games.

SFUNDING Token is used as a payment tool for in-game transactions as well as a tradable currency once listed on prestigious Crypto Exchanges. It has high liquidity yet low costs and no intermediary.

  • Earning from playing

Inspired by the sharing economy model, SFUNDING has developed a profit-sharing platform where every users and gamer who participate in or play any games on SFUNDING will have the chance to earn income. The particular ratio of profit shared will be decided upon the amount of money spent to play as well as deposit in.

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Generally, about 35% to 50% of this amount will be sent out as contribution rewards via events, boss hunts, monster hunts, live stream, or Slots.

The prizes are guaranteed to be attractive and in line with what the players contribute to the system.

In a discussion related to the development of SFUNDING, a representative of SFU Token stated that remaining features of the Token will be completed in the following time along with deploying Marketing campaigns and customer base development strategies. As the plan is already been carry out, it is expected that SFU Token will be listed on Crypto Exchanges by quarter IV of 2020.

To enjoy SFUNDING games, users only need to connect their Metamask Wallet or any Blockchain wallets that integrate Ethereum.

The most noticeable difference between SFUNDING and other Blockchain platform is the tradability of in-game items and characters. Through an in-game fleamarket, players can buyor sell in-game assets at a suitable price, hence, earning long-term profits.

Project information:

The post SFUNDING: Utility blockchain platform for DApps and decentralized entertainment services appeared first on CryptoPotato.

Ledger’s Vault Scores $150 Million in Crypto Insurance From Lloyd’s Syndicate
November 14, 2019 3:00 pm
The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.
Coinbase Expands Reach of Visa Card in Europe, Adds 5 New Cryptos
November 14, 2019 1:57 pm
The exchange has added new crypto options to its Visa debit card, including XRP, XLM and REP, and also expanded availability to 10 more nations.
Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms
November 14, 2019 1:00 pm
Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls.
PayPal’s Axing of Pornhub Model Payments May Boost Crypto Conversions
November 14, 2019 11:46 am
Pornhub may expand the range of cryptocurrencies it offers to pay adult performers for their work after PayPal abruptly cut off service.
Samsung SDS Beefs Up Privacy on Its Business-Grade Blockchain
November 14, 2019 10:00 am
Samsung SDS, the enterprise tech arm of the South Korean behemoth, is enhancing privacy on its Nexledger blockchain with zero-knowledge proofs.
Crypto.com Grows Offerings With New Exchange and Fundraising Platform
November 14, 2019 9:32 am
The exchange, along with its existing wallet and debit card service, readies Crypto.com for rainy days and bull runs alike, CEO Kris Marszalek said.
Bitcoin derivatives exchange LedgerX migrating to mini contracts
November 13, 2019 10:20 pm

LedgerX, a CFTC regulated platform for bitcoin derivatives, announced today it will soon be rolling out Bitcoin Mini contracts for both Next-Day Bitcoin and Bitcoin Options. Bitcoin Minis will allow participants to employ customized strategies in their trading by granting 100x more flexibility in asset allocation. Current contracts will have equality to the Bitcoin Mini […]

CryptoNinjas: Bitcoin derivatives exchange LedgerX migrating to mini contracts

SIMBA Chain smart contract service platform integrates RSK
November 13, 2019 9:57 pm

SIMBA Chain, a Smart Contract as a Service (SCaaS) provider for enterprise and government, announced today that it has added RSK to its platform. RSK is the first smart contract platform secured by the Bitcoin Network. It is regarded to be the most secure and functional Bitcoin sidechain used to create and manage smart contracts. […]

CryptoNinjas: SIMBA Chain smart contract service platform integrates RSK

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