Platform Financial News

Ethereum’s network looks all set for the year 2022 and for the years to come, as per a new report released by a16zcrypto. The 2022 State of Crypto report discussed the trend lines of the crypto-industry and the development of Web3.

The concept of decentralization in finance first came into existence in 2008 with the use of blockchain. However, the large tree of decentralization has its branches spread across various industries. The cryptocurrency industry and Web3 are two such examples of the implementation of decentralization in the real world. A venture capital fund a16zcrypto recently published a report about the various trends in the crypto industry

Horizon will also seek to better serve clients through new trading services, such as DMA and DSA order routing, enhancing its capabilities to handle high-volume order flows from clients to the market. The firm also intends to grow its current hubs in Europe, the Middle East and Asia and expand into new geographies.

Search interest for stock funds remains strong despite the recent market sell-off, even in areas of the market that have cooled off significantly, according to trends seen by Tifin.

Founder: Shivani Siroya (CEO)Launched: 2014Headquarters: Santa Monica, California Funding: $362.1 millionValuation: $800 million (PitchBook) Key technologies: Machine learning Industry: FintechPrevious appearances on Disruptor 50 List: 2 (No. 20 in 2021)

Crypto exchange platform BitMex announced Tuesday the launch of spot trading for retail and institutional traders.

Elon Musk says he won’t go ahead with the $44bn deal to buy Twitter until he sees proof that the social media platform has less than 5% in bot accounts.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Founded by Alex Skidanov and Illia Polosukhin, NEAR Protocol prides itself as a development platform, with the concepts of sharding, proof-of-stake, and a layer-one blockchain designed for usability central to its operations.

Elwood's end-to-end OMS/EMS/PMS platform provides low-latency connectivity to global crypto exchanges and deep liquidity via one single API. Full reporting and analytics and dedicated customer support round out the package.James Stickland, CEO of Elwood Technologies, comments: "The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers.

The announcement comes on the backdrop of record breaking crypto and DeFi adoption - with some estimates placing total value locked (TVL) in DeFi at more than $200 billion in the beginning of 2022 - which has seen Solidus Labs quadruple its team over 2021 amid massive demand.In March, the firm unveiled its all-in-one crypto-native risk monitoring suite, Halo, which is currently monitoring more than one trillion trading events per day in more than 150 markets. The platform deploys over 50 different proprietary market abuse typologies, shielding investors and safeguarding crypto businesses from new threats unique to the crypto and decentralized finance space.“For Web3 and the DeFi economy to truly fulfill their massive potential, there’s a need to mitigate new risks - both in terms of liquidity enablement and on the consumer and investor protection side.

Elon Musk’s tweet saying his planned Twitter acquisition was on hold put the spotlight on questions about fake accounts, which have vexed social-media platforms for years.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

In the early hours of 14 May, Cardano founder Charles Hoskinson informed the community that the Vasil Hard Fork is on schedule. It would be implemented by 29 June, he said.

With claims of having the most users than any decentralized platform with over $4.3 billion in funds, Pancake Swap, on 12 May, published a new governance proposal. It put forth the idea to cap the supply of its native token, CAKE, at 750 million. Although opposed by over 100 participants, the major essence of the proposal is to effectively reduce the circulating supply of CAKE.

It is the sad reality of life that heralding an innovation in a particular space does not always mean one would forever remain on top. Known to have popularized the adoption of the play-to-earn gaming model in the blockchain space, better days appear to be behind Axie Infinity. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Nigeria's markets regulator publishes rules on crypto assets

Decentraland, the largest Metaverse in the crypto space, has been a pioneer with its wearables, and further demand for similar features has led to the platform noting higher traffic on both the DeFi as well as investor front. 

Elon Musk said his deal to buy social media platform Twitter is on hold because of pending calculations over spam and fake accounts.

The crisis with Terra’s stablecoin TerraUSD (UST) and the free fall in Terra’s LUNA token has put a deep dent the overall crypto sentiment. Every coin has witnessed some losses following this crash.