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Shenzhen Bowen Media Infotech Co ,Ltd : Injective Partners with Klaytn to Bring Decentralized Trading to Millions of Users
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Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its DeFi Robinhood
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Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi Robinhood’
Back in December last year Injective Protocol, launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10 million in a “party” funding round. Participating in the round was Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), CMS, and QCP Capital. Billionaire NBA team owner and Shark Tank judge Mark Cuban has also made a strategic investment into Injective, according to my sources.
Injective’s main competitors (centralized and decentralized exchanges) include CME Group, BitMEX, LedgerX and OKEx, among others. The advantage of the approach used by Injective (it says) combines the advantages of decentralized exchanges: resistance to front running, scams, and hacks, with the speed, low transaction fees, and no gas fees associated with centralized platforms. Developer
BlockDown: DeFi institutional adoption is booming but gas fees hinder growth
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TSMC lifts spending and sales targets
FUTURE GROWTH: TSMC chief executive officer C.C. Wei said customer demand for 3 and 5-nanometer technologies is so strong that it needs to spend on more capacity
By Lisa Wang / Staff reporter
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised this year’s capital expenditure to a record US$30 billion, as demand for advanced chips used in high-performance-computing (HPC) applications is stronger than last quarter.
The figure surpasses the chipmaker’s allocation in January of US$25 billion to US$28 billion. The investment is part of a three-year US$100 billion capital expansion plan that TSMC unveiled earlier this month.