DeFi

Crypto

Aptos’ Crypto Testing in Hong Kong: Insights from Former Meta Employees

Ever since Hong Kong legalized cryptocurrency trading last June, blockchain projects from the West have been paying more attention to the Asian financial hub. Aptos, the a16z-backed blockchain network developed by a group of former Meta employees, is one of them. Started by some of the original creators of Meta’s abandoned crypto payment project Diem, Aptos is set to host a DeFi event in Hong Kong this April. When asked when users in Hong Kong will get access to Aptos-based DeFi services, the founder said he cannot speculate on regulation. “I do think Hong Kong regulators are moving things in the right direction and forward and providing clarity for entrepreneurs to build.

Ava Patel
February 29, 2024

Crypto

Maximizing Bitcoin’s Trillion-Dollar Potential: Asymmetric Financial’s DeFi Fund Strategy

Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with a target raise of $21 million. The fund will be spearheaded by general partner Dan Held, former director of growth at Kraken and long-time Bitcoiner. Many Bitcoin-focused VCs ignore DeFi because it’s speculative, and broader crypto VCs see it as a “dead boomer rock,” he added. Much of this activity has centered on the Ethereum blockchain, but Held believes Bitcoin’s blockchain has tons of future potential as an ecosystem. “It will be a Bitcoin DeFi renaissance.”“Bitcoin is worth more than every other crypto asset combined,” Held added.

Ava Patel
February 27, 2024

Crypto, Enterprise

Navigating Regulatory Uncertainty with CeFi and DeFi.

The current market volatility is creating a lot of anxiety in the industry. This is especially notable when it comes to projects and organizations that are not yet ready for…

Dylan Williams
April 13, 2023

Crypto, Enterprise, Security, Venture

Neopolitan Troubled Crypto Unicorn Founder Introduces Stablecoin Neopolitan for DeFi World

Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin

Yang is currently working on a new project called Sealth, which utilizes a system of smart contracts and blockchain technology to provide financial stability to businesses and individuals. The goal…

Dylan Williams
March 13, 2023

Crypto, Enterprise, Startups, Venture

DeFi in 2023: What 6 Crypto Investors See Ahead.

Six crypto investors talk about DeFi and the road ahead for adoption in 2023 • TechCrunch

Despite the downturn and wavering trust due to scandals and disruptions, crypto venture capital firms remain active; investors are still writing checks. DeFi is an area of focus despite market…