Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Crypto-Technicals: Bitcoin Flirts Shy Of $10k As bears Drifts In Sideways After Hanging Man – Trading & Hedging Setup
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
FxWirePro: Loonie’s Outlook In Between Optimism And Headwinds – Quick Glance Quick Run Through On USD/CAD FX Derivates Trades
FxWirePro: The Bullish/Bearish Driving Forces of EUR/JPY, OTC Indications & Options Hedging Strategy
Regulatory Series On Cryptocurrencies: US-SEC’s Finhub To Organize Virtual Meet-Ups Amid Pandemic Covid-19
Digital Currency Revolution Series: Ethereum-Driven DeFi Start-up, Compound Completes 25Mln. Fundraising Via Series A
Compound is an algorithmic money market protocol on Ethereum that lets users earn interest or borrow assets against collateral. Anyone can supply assets to Compound’s liquidity pool and immediately begin earning continuously-compounding interest. Rates adjust automatically based on supply and demand.
Of late, the Decentralized Finance (DeFi) platforms have been striking the chord within the financial industry which is now weighing over multi-millions of dollars. The credit is predominantly due to the various foundations, in current era, are unveiling their own DeFi protocols on the Ethereum network. Today’s announcement of the Series A has been a classic instance of such mechanism followed by Compound’s $8.2 million seed round in 2018.
It was projected to have raised about a $90 million valuation for Compound, which currently holds over $150 million in its DeFi platform. The fundraising (Series A) comprises involvement from other renowned investment veterans, such as, Polychain Capital, Paradigm, and Bain Capital Ventures.