Blockchain and cryptocurrency venture capital firm Multicoin Capital has led a $1.5 million seed round for Chinese decentralized finance (DeFi) protocol dForce. Mable Jiang, the principal of crypto venture capital firm Multicoin Capital, told Cointelegraph that dForce’s plan to launch a "super-app"-styled DeFi platform in the Asian market was a major factor in the firm’s decision. An Asian super app like WeChat Jiang emphasized dForce’s presence within the Asian and Chinese markets as a draw, stating, “We always believed that Asia, and more specifically China, will become a pivotal market for the adoption of Open Finance.” She said that dForce's …
Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb. 29. Its aim is to provide a regulator-friendly framework for financial services companies to deploy applications in a variety of finance-related sectors. Huobi Chain incorporates a flexible governance model that supports both regulators and enterprises. Based on a delegated proof-of-stake consensus, it allows regulators to contribute to the network through unique regulatory nodes. The implementation of Know Your Customer (KYC) and Anti-Money lLundering (AML) protocols is complimented by a Decentralized Identifier system to provide verifiable digital identities on the …
Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing ‘strategic and product adjustments’. As per an announcement on Huobi’s support page, maintenance and upgrades of the multi-token wallet service will officially stop on Feb. 13. Users that are still using the Cloud Wallet are being encouraged to transfer cryptocurrency and nonfungible tokens (NFTs) to their main Huobi accounts or other wallet addresses. Huobi Cloud Wallet’s withdrawal and transfer functions will work for the next three months, while users are cautioned not to transfer digital assets to their Cloud Wallet. Huobi Cloud …
Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022. Around $1.4 million worth of crypto frozen by the trading platforms came from accounts linked to the notorious Lazarus Group operating out of North Korea. The investigation was carried out by blockchain analytics firm Elliptic, according to a report shared by the firm on Feb. 14. However, the firm didn’t state what coins or tokens were frozen. Exchanges @binance and @HuobiGlobal today froze accounts containing $1.4 million stolen by North Korea’s Lazarus Group. This was made possible thanks …
Why wait for one of your investments to release a new feature when you can just build it yourself? Delphi Digital’s newly announced expansion aims to do just that. The cryptocurrency investment, media and research company is now adding a Delphi Labs department that will be focused on contributing to Ventures portfolio company development. 0/ We’re happy to announce the next stage in @Delphi_Digital's evolution: Delphi Labs Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the decentralized futurehttps://t.co/DEmgfPORmQ — Delphi Digital (@Delphi_Digital) February 26, 2021 The move will help expand Delphi’s current …