Category: ICO

Web 3 Infrastructure Provider Polyhedra Network Raises $20M Round Led by Polychain Capital

Polyhedra Network uses zero-knowledge proofs as the foundation of its products, giving users increased security and scalability. Zero-knowledge proofs are protocols that help prove the validity of statements on blockchains without offering any identifiable information. The zkBridge protocol facilitates interoperability between networks and has secured over 20 million cross-chain transactions between more than 25 blockchains. It uses unforgeable zero-knowledge proofs to validate the state and consensus of the sender chain, which can then be verified on the destination. “Blockchain technology is revolutionary because it allows for individuals and institutions to…

DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

The BIS has been exploring the DeFi space for some time now. In 2023, the BIS said it worked with the central banks of France, Singapore and Switzerland to successfully test cross-border trading of wholesale central bank digital currencies and DeFi elements – specifically automated market makers. In 2022, two BIS papers said that DeFi could lead to bumpier financial markets and may not fix the problem of large intermediaries dominating. Source

Peter Schiff Said He Wishes He’d Bought BTC in 2010

“Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into it?” Schiff said on an Impact Theory podcast on Wednesday in a debate with crypto investor Raoul Pal, discussing if bitcoin was going to $1 million or zero. “Sure. I may be worth hundreds of millions assuming I didn’t sell. But again, I don’t know what I would have done had I made that decision.” Source

HOOD Jumps in Premarket Trading After Blowout February Activity Levels

Shares of Robinhood rose over 11% in premarket trading on Thursday after the online platform reported a large increase in volumes during February. In an update after the market close on Wednesday, the company said trading activity increased across all asset classes compared with January. Equity trading volume jumped 36% to $80.9 billion, options contracts traded increased 12% to $119.1 million and crypto volumes grew 10% to $6.5 billion. Total assets under custody rose 16% from January to $118.7 billion at the end of February. Source