Contrary to popular belief, a bear market provides ideal conditions for startup founders and developers to work on technological innovations. The absence of market frenzy and speculative investing helps startups to focus on the fundamentals, which are beneficial in the long run. However, bear markets dry up capital sources, and liquidity becomes the proverbial mirage of an oasis in the desert sand. Thus, startups turn toward incubators who become messiahs with their network of angel investors and venture capitalists. As incubators hold the key to funding, they are powerful enough to make or break a crypto startup. And, as Marvel’s …

BNB Chain, the blockchain of the Binance crypto exchange and Binance Coin (BNB), launched its latest development-focused initiative, which targets European developers to build and scale decentralized applications (DApps) on the network. The three-week virtual “innovation incubator” program focuses on Web3 startups with at least one key member based in the European Union (EU). Those accepted into the program receive mentorship from industry experts and BNB Chain specialists on tokenomics design and Web3 marketing strategies. The incubator will host exclusive meet-ups in cities across the continent, such as Lisbon, Paris, Berlin, Barcelona, Warsaw and London. According to Zoe Wei, the …

Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market. The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on decentralized finance (DeFi) and Web3. Organized in cooperation with BNB Chain, the program looks to provide dedicated support to developers building decentralized apps on the BNB Chain blockchain network by providing incubation and investment. The MVB program was originally launched in May 2021, with the mission to help BNB …

A blockchain ecosystem is offering $100,000 in funding to developers with big ideas — incubating early-stage projects that can transform the crypto world in the future. Callisto Network launched the We Fund You program in February 2022, and hand-picked projects also get to benefit from technical support. After receiving countless submissions, four startups were awarded a grant — and now, the EVM-compatible network is championing these up-and-coming projects. One of them is GAT Network, which requested $50,000 in funding as it establishes a next-generation crypto marketplace and NFT toolbox. This team of five developers said they were drawn to Callisto …

Impossible Finance, a Defi protocol built on Binance Smart Chain, has completed a $7 million seed funding round backed by over 125 institutional and angel investors — with the funds going towards the development of a multi chain DeFi incubator. The seed round was led by venture capital firm True Ventures, and quantitative investment firm Alameda Research, blockchain development firm Hashed and investment firm CMS Holdings. Impossible Finance was launched on BSC on April 9, and the protocol currently offers DeFi investors token swaps, liquidity pools, and staking rewards through the Impossible Finance (IF) token The new funding will go …

Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance announced Monday the launch of a new accelerator for the DeFi ecosystem. Named DeFi.org, the accelerator focuses on supporting the research and development of open-source software and community development in the DeFi space. The accelerator will evaluate projects based on their innovativeness and composability within the space, as well as principles of fair distribution, community ownership, sustainable economics and a sound approach to risk management. Participants receive benefits including mentorship, the opportunity for funding and exposure to the market and DeFi community. The accelerator’s mentors initially include …

Although coronavirus conditions have created global economic difficulties, cryptocurrencies could see growth amid the struggle, according to one blockchain incubator's head. "Short-term: digital currencies suddenly look appealing," Polyient Labs CEO Brad Robertson told Cointelegraph in a May 1 email. "If someone only looked back at the last two weeks, they might think 'cryptocurrencies are back, baby,'" he added. Bitcoin has rebounded faster than mainstream markets Bitcon crashed in tandem with mainstream markets on March 12 amid rising coronavirus fears. Both sectors have since recovered, although Bitcoin sprung back to life more quickly than traditional markets. The U.S. government's recent money …

Ripple incubator and investment arm Xpring has spent $500 million on XRP projects since its launch in May 2018, according to an official blog post on July 2. These funds have reportedly been distributed to over 20 companies, including the blockchain-based gaming platform Forte. In general, the report says that Xpring investments are intended to create use cases for Ripple’s XRP token. They hope to accomplish this by making development easier, and say they are supporting developers by providing “tools, libraries and services for developers on the XRP Ledger and Interledger protocols.” Additionally, Xpring is reportedly taking a two-pronged approach …

The Taiwan-based Bincentive project, an innovative crypto trader service provider in Asia, developed the idea of matching their clients with trading experts. On Bincentive’s platforms, clients are matched with trading experts and can follow an experts’ actions in crypto markets. Furthermore, clients have the option of having the expert initiate the same trades simultaneously. These experts receive a pre-deposited compensation that is paid when a trader hits the target and has positive gains. How does financial matchmaking work? Founded in July 2018, Bincentive is aimed at creating a smart mirror trading inter-exchange ecosystem, based on artificial intelligence (AI), big data, …

Iconiq Funds, the asset management arm of Germany-based Iconiq Holding — the team behind the ICO and token sale accelerator program Iconiq Lab — is launching a series of digital asset index funds beginning in Q4 2018, the company announced on Aug. 17, 2018. Investment into crypto assets will become available through traditional and regulated financial vehicles, such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs). The first digital asset index fund is planned to be launched under Maltese jurisdiction as a Professional Investor Fund (PIF). It is currently under review by Malta Financial Services Authority (MFSA). The company claims …