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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...

Tether led the $25 million Series A round for crypto payments firm Oobit. Solana co-founder Anatoly Yakovenko also backed the platform’s investment round. Oobit, a mobile payments firm that allows users to pay with crypto , has raised $25 million in its Series A funding round .  Stablecoin issuer Tether led the crypto platform’s funding round , which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko. The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a press release. “ Tether’s strategic Investment in Oobit underscores our unwavering dedication to welcoming new users into the crypto currency ecosystem ,” said Paolo Ardoino, CEO of Tether.  He added: “ Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a ...

Discover the practice of crypto rebalancing to maintain your initial asset allocation even amidst market fluctuations. During your journey into the world of crypto currency investments, you’ve likely encountered stomach-churning volatility and sudden market dips. These are all part and parcel of the exciting yet somewhat unpredictable landscape. So, what’s the solution? A crypto rebalancing strategy could assist you in preserving the original balance of your asset allocations and creating opportunities for modest gains. Let’s get to grips with crypto portfolio rebalancing, breaking down its mechanics, analyzing its pros and cons, and strategies. What is crypto portfolio rebalancing? At its core, rebalancing is the practice of consistently adjusting the assets in your cryptocurrency portfolio to maintain your original allocation criteria. It’s not about haphazard buying; instead, it’s a calculated approach to ensure your initial asset allocation strateg...

The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities. The Russian central bank is ready to consider allowing crypto currency use within the country but only as part of a legal experiment, governor Elvira Nabiullina said. “It’s possible to consider transactions through an authorized organization in the country as part of an experimental legal regime, but that would require a relevant law,” Nabiullina stated during a press conference of Bank of Russia on Dec. 16. The Bank of Russia’s only objection has always been that crypto cannot be used as a payment instrument, Nabiullina emphasized. She added that the central bank is also concerned about investor protection because the crypto market is highly volatile. While Russia formally does not prohibit its people from investing in crypto, the Bank of Russia believes that the mass adoption of crypto would inevitably lead to its use as a payment method, according to Bank of ...