Crypto News

Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them.Arch Labs, whose eponymous network is one of the many projects trying to bring DeFi to Bitcoin, had no trouble raising its $7 million launch capital from big-name venture firms last year. Now its shifting focus to help fund those smaller protocols that could make the whole network boom.In that it's found a willing partner. An entire venture company, DPI Capital is dedicating millions of dollars in resources toward backing early-stage DeFi projects that enter Arch's first accelerator program, called Keystone."We're really focused...

Crypto fraud has been harder to counter because “things that seem too good to be true have happened," an attorney told Decrypt.Source link

EMB: April 9, 16:00 UTCA blockchain-based startup in London said it closed a $50 million funding round to forward its goal of "reinventing social media."Wunder.Social raised the funds in a round led by Rollman Management, according to an announcement shared with CoinDesk on Wednesday.The project uses blockchain technology to verify users, thereby eliminating bots, and shares advertising revenue with users, allowing them to fund causes they care about, Wunder.Social said in the announcement.A token offer is planned for later this month, with interested potential users signing up on the company's website.The project also said that the former head of marketing at TikTok, Ryan Martin, joined Wunder.Social as chief marketing officer.Read More: Decentralized Social Media Firm Lens Eyes Massive Scale-UpSource link...

As bitcoin’s valuation languishes near its weakest point since last year—with hashprice, the projected daily earnings for one petahash per second (PH/s) of mining capacity, receding to $40—the network’s computational muscle has paradoxically swelled to a historic peak. Bitcoin Hashrate Hits Historic High Amid Price Plunge This stretch has proven arduous for bitcoin miners, withSource link

European Union (EU) member states have approved the European Commission's proposal to introduce retaliatory tariffs against the U.S.The bloc's executive made the proposal as a countermeasure against the U.S.' imposition of tariffs on imports of steel and aluminium from the EU. Duties will be collected from April 15 once the implementing act is published, the Commission announced on Wednesday."The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy," the Commission said in the announcement.The Commission added that its preference is to avoid imposing tariffs and that they could be suspended at any time should the U.S. "agree to a fair and balanced negotiated outcome."President Donald Trump's unveiling of steep import...