# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

“# Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems ” AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart…

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# DeFi protocol Aave encounters major capital flight

# DeFi protocol Aave encounters major capital flight

“# DeFi protocol Aave encounters major capital flight ” Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged…

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# Crypto-to-fiat liquidity startup Xanpool raises M

# Crypto-to-fiat liquidity startup Xanpool raises $27M

“# Crypto-to-fiat liquidity startup Xanpool raises $27M ” Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding. The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included…

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# Arab Bank has chosen Tezos to facilitate institutional custody service

# Arab Bank has chosen Tezos to facilitate institutional custody service

“# Arab Bank has chosen Tezos to facilitate institutional custody service ” Arab Bank Switzerland announced Tuesday that it will integrate staking, trading and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations and high net-worth individuals.  The 50-year old establishment partnered with…

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