ZenGo raises $20 million for its secure crypto wallet app
ZenGo, a mobile app to manage your cryptocurrencies, has raised a $20 million Series A funding round led by Insight Partners. ZenGo is a non-custodial wallet, which means that the company doesn’t manage your crypto assets for you you remain in control.
Other investors include Distributed Global and Austin Rief Ventures. Existing investors Benson Oak, Samsung Next, Elron, Collider Ventures, FJ Labs and others also participated in today’s funding round.
What makes ZenGo different from other wallet apps is that the company is trying to build something that is more secure than your average crypto wallet while remaining simple to use and understand. It competes with other non-custodial wallets, such as Coinbase Wallet (not Coinbase.com), Argent, etc.
DeFi Technologies, Pomp Investments Invest in DeFi platform SOVYRN
DeFi Technologies (NEO: DEFI, GR: RMJR, OTC: RDNAF) has invested alongside Pomp Investments (Anthony Pompliano’s investment fund) into SOVYRN, one of the first implementations of decentralized finance technologies specifically designed for the Bitcoin network.
This new model for financial services enables transactions between different parties to be processed through distributed ledger technology, or blockchain, rather than centralized through a traditional financial institution.
SOVYRN’s decentralized protocol extends the functionality of Bitcoin beyond permissionless, monetary sovereignty to include financial services such as trading, lending, liquidity insurance, and many other forms of trustless finance. In order for Bitcoin to reach its full potential, SOVYRN creates a decentralized financial operating system that, like Bitcoin, is borderless, censorship resistant, permissionless, and secured by the Bitcoi
DeFi DAO StakeWise Secures $2M Fund to Simplify Ethereum 2.0 Staking
Mar 9 2021 · 08:50 UTC | Updated
Mar 9 2021 · 19:15 by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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StakeWise announced its mainnet launch on Monday after the seventh-month beta-testing. Besides, it also launched its $SWISE governance token to further democratize the governance process.
Although with a slow start in December 2020, the Ethereum 2.0 staking has gathered steam with big players joining. Platforms in the crypto space are now making solutions to simplify the ETH 2.0 staking process for individuals.
Defi decentralized autonomous organization (DAO) StakeWise announced a $2 million fundraise just ahead of the public launch. Before the launch of the Ethereum 2.0 Proof-of-Stake protocol, StakeWise aims to streamline the staking process entirely.
Bering Waters OTC Selected by Armor as Official Investors Desk
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Bering Waters OTC has partnered with DeFi smart insurance aggregator
Armor to provide specialized OTC services for institutional investors.
Bering Waters Group
Breaking through all expectations, the DeFi market realized 2,000% growth throughout 2020, topping $13B in locked assets in December. In the first months of this year, this number has already doubled and many experts predict that, in the next months, we will see significant migration of managed assets from traditional platforms to decentralized ones. The upheavals seen in the first month of this year with regard to Wall Street versus retail investors is an early indication of the changes to be expected in 2021.
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.
But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly seems a lot more feasible.
The idea behind CryptoSat which was indeed first outlined in a November 2017 paper is to build a prototype nano-satellite the size of a coffee mug and launch it into outer space, where it can act as a perfectly isolated and secure cryptographic module.