dYdX. dYdX, a San Francisco-based startup building open-source protocols for decentralized margin trading and derivatives, recently closed a $10 million Series A round.
In the dYdX margin trading protocol, users can short assets to profit on price declines, trade with leverage to multiply gains, and earn interest on long positions through trustless loans.
In the dYdX options protocol, users will be able to write, buy, or trade any option on any token, take complex financial decisions to increase leverage or reduce risk.
The dYdX options protocol is under development and estimated to be completed in 2019.Algorand.
Algorand, a Boston-based startup building a scalable, secure and decentralized digital currency and transactions platform, recently closed a $62 million venture round.
Participants in the round included Polybius Capital, NEO Global Capital, Eterna Capital, and more.
Union Square Ventures and Pillar led Algorand's $4 million seed round in February and also participated in the most recent round.
Minds, an East Coast-based crypto social network, has recently raised a $6 million Series A round from Medici Ventures, a wholly-owned blockchain-focused venture subsidiary of Overstock.com.
Features of Mind include a token reward system, an encrypted messenger, cryptoasset wallets, exclusive content paywalls, promoted posts, tipping, blogs, groups, videos, news feed, and more.
Minds recently launched the Minds token on the Ethereum Mainnet.
This Week in Blockchain Venture Capital
Published on Oct 26, 2018
by Cryptoslate | Published on Coinage
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.