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Flare (FLR), a layer-1 blockchain for data, has secured a round of funding from its early backers aimed at reducing immediate liquidity while boosting investment into the Flare ecosystem, according to a press release shared with Finbold on February 23. The early invest ors in Flare, such as Kenetic and Aves Lair, have reaffirmed their confidence in the project by agreeing to extend token vesting periods, imposing limits on token sales, and helping develop various aspects of the Flare ecosystem .  Flare funding details The funding signals a prolonged commitment from Flare’s already long-standing supporters and a desire to safeguard the community, foster future growth, and remove some pressures from the token’s ecosystem. Picked for you Dogecoin competitor threatens 100% bullish breakout 5 mins ago Donald Trump's latest insights on paying with Bitcoin 18 mins ago Bifrost receives a 500k DOT treasury liquidity loan from Polkadot to enhance liquid stakin...

The total value locked (TVL) in the decentralized finance (DeFi) ecosystem recently surpassed $50 billion, considering multiple projects . Notably, this has made DeFi more valuable than countries’ economies like Uganda regarding their GDP. At this point, the cryptocurrency market seems to be preparing for a bull market and an altseason in 2024. In this context, Finbold picked three DeFi projects to invest in for the next year. Essentially, we looked at key metrics from DefiLlama on December 14. Some are the total value locked, the ratio between market cap and TVL (MCap/TVL), and generated fees and revenue. In particular, Maker (MKR), Aave (AAVE), and Uniswap (UNI) stand out among the other protocols as solid DeFi projects . Best DeFi protocols by total value locked. Source: DefiLlama Best DeFi projects: Maker Protocol (MKR) Cryptocurrency Top 3 DeFi projects to buy right now Cryptocurrency Solana joins DeFi’s top 5 with $1 billion total value l...

There’s a wave of uncertainty at Binance as Changpeng Zhao resigns as CEO, pleading guilty to money laundering violations. The exchange faces a $4.3 billion settlement fee for its involvement. The key question: Will this turmoil affect BNB’s price? Bearish pressure looms over BNB, and invest ors are closely watching for the impact of recent developments. Meanwhile, some invest ors are paying attention to InQubeta (QUBE), a new AI altcoin .  This article will explore the potential price outlook for BNB post-saga and the increasing interest in InQubeta. InQubeta attracting investors InQubeta, a new decentralized finance (defi) project focused on solving the fundraising challenges faced by AI startups, has raised over $5.4 million. This support, some analysts claim, points to the project’s potential and approach to AI startup funding. You might also like: Bitcoin’s ‘Uptober’: possible impact on XRP, Cardano, and InQubeta InQubeta plans to launch a cr...

The crypto market has seen several turbulent phases over the years. The ongoing one, however, seems to be the most stormy to date. Like dominoes, companies have been collapsing one after the other. With firms in the space still trying to find their feet post the FTX episode, Goldman Sachs is reportedly looking to shell out “tens of millions of dollars” to buy or invest in crypto companies. Mathew McDermott, Goldman Sachs’ Head of Digital Assets, told Reuters that FTX’s disintegration augmented the need for more trustworthy, regulated crypto players. He added that big banks saw an opportunity to pick up business. Without giving specific names, the executive revealed that Goldman was doing due diligence on a number of different crypto firms. Additionally, in an interview last month, McDermott said that the company saw “some really interesting opportunities, priced much more sensibly.” FTX Fallout: A Blessing in Disguise for Goldman? Goldman S...