Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
The company plans to reach $16 million by the end of a second closing.
The company plans to reach $16 million by the end of a second closing.
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain “restaking” scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.
The company has the capital and the infrastructure to buy and deploy the latest generation of mining rigs at a favourable time, the report said.
The launch of a Digital Wallet Policy to stimulate the economy earlier this month “may face delays or revisions or even cancelation due to the recent developments,” one expert said.
The funding round was led by Pantera Capital, Binance Labs and Polychain Capital and included participation from Samsung, Matrix Partners, Foresight Ventures and others.
Bitcoin continued with modest daily gains at $61,300 following the report.
The latest price moves in crypto markets in context for Aug. 14, 2024.
The CEO of the stablecoin issuer cited prior bi-partisan work on stablecoin legislation and FIT21 as proof crypto doesn’t belong to a particular political party
The TON ecosystem has seen explosive growth lately with web3 games such as Hamster Kombat attracting many millions of users.
The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet.