Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain
Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital.
Pantera Capital’s venture capital returns, which have fallen by almost threefold, are beating startup investors but lagging the stock market.
Investments in decentralized finance (DeFi) drove returns exceeding 100% this year to Pantera Capital’s bitcoin index and altcoin hedge funds.
Zcash developer Electric Coin Company will transition to a new non-profit, with a majority of shareholders electing to donate their equity.
Paul Brodsky is helming a new crypto investment firm called PostModern Partners that bets on volatile digital assets, not bitcoin.
PowerTrade is a new mobile-based cryptocurrency options trading platform set to launch this year.