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Velar secures $3.5m to develop world’s first PerpDEX on Bitcoin

On February 1, Velar, a Bitcoin (BTC) DeFi platform, successfully concluded its seed funding round, securing $3.5 million in capital from a diverse group of prominent Web3 investors. The round witnessed active participation from key ventures such as Bitcoin Startup Lab, CMS Holdings, Black Edge Capital, GBV, Cypher Capital, Trust Machines SPV, Transform Capital, Maple Block, and Samara Asset Group, as per information shared with Finbold. Leveraging the surging interest in DeFi, Velar is launching the world ’s first perpetual decentralized exchange (PerpDEX) on Bitcoin. With over $100 billion in liquidity attracted to the Ethereum (ETH) network, Velar aims to tap into Bitcoin’s $800 billion dormant liquidity, offering BTC holders the same value proposition and yields that have been so successful in the Ethereum ecosystem. Preparations for Dharma mainnet launch Cryptocurrency Luganodes adds support for Stacks, becomes Signer of Nakamoto upgrade ...

Navigating the complex world of crypto trading from a single interface

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In the fragmented and fast-paced world of crypto, there is one stand-out, comprehensive solution that makes managing portfolios easy for both new and experienced traders. Managing a portfolio consisting of traditional assets can be done through a wide range of tools. When it comes to cryptocurrencies, traders do not have access to the same level of infrastructure, which makes crypto portfolio management a more tedious process for beginners. To begin with, the crypto market is highly fragmented at all levels. There are dozens of crypto exchanges to choose from, while digital currencies reside on different blockchain networks, each with its own nuances. For novice crypto traders, fragmentation hinders the smooth onboarding process. Experienced traders are also affected too, as they cannot enjoy a seamless trading experience. Registering with each crypto exchange to take advantage of its benefits and incentives means having multiple different crypto addresses, which often makes real-time...