Layer-1 Network Flare, a blockchain platform focused on smart contract protocols and pricing oracles, has successfully raised $35 million in a private funding round. The investment came from prominent backers such as Kenetic and Aves Lair. Flare aims to provide a layer-1 network for data that supports the seamless integration of decentralized finance (DeFi) applications. Notably, early investors have agreed to extend the distribution of Flare’s native token until the first quarter of 2026, while also imposing a selling limit to reduce market sell pressure. This funding round follows a recent announcement that Google Cloud has joined Flare as a validator, driving a 5% increase in the platform’s native token. With growing support and liquidity measures in place, Flare is positioning itself for continued growth and innovation in the blockchain industry.
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Layer-1 Network Flare Raises $35M From Kenetic, Aves Lair
Layer-1 blockchain Flare has successfully raised $35 million in a private funding round. The round included investments from Kenetic and Aves Lair, among others. The funds raised will be used to further develop Flare’s layer-1 network for data.
Flare is a blockchain network that focuses on supporting the creation of smart contract protocols and providing pricing oracles. These oracles play a crucial role in relaying asset prices to and from various decentralized finance (DeFi) applications. By securing investments from prominent firms like Kenetic and Aves Lair, Flare aims to strengthen its position in the market and continue to expand its capabilities.
This funding round not only demonstrates investor confidence in Flare’s technology but also highlights the growing interest in layer-1 blockchain solutions. As the demand for decentralized applications and DeFi platforms continues to rise, blockchain networks like Flare are well-positioned to play a significant role in the future of finance.
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Crypto Prices CoinDesk 20 Index
The Crypto Prices CoinDesk 20 Index provides a comprehensive overview of the current prices and performance of the top 20 cryptocurrencies in the market. This index serves as a benchmark for investors and traders to track the overall trends and movements of the cryptocurrency market.
Cryptocurrencies have become increasingly popular in recent years, with Bitcoin and Ethereum being the most well-known and widely adopted. However, there are thousands of other cryptocurrencies in existence, each with its own unique features and use cases. The CoinDesk 20 Index provides a condensed view of the market by focusing on the top 20 cryptocurrencies, giving investors and traders a snapshot of the market’s performance.
Tracking the prices and performance of cryptocurrencies is essential for anyone involved in the crypto space. The CoinDesk 20 Index offers a convenient way to stay updated on the latest market trends and make informed investment decisions.
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TV & Videos
CoinDesk offers a range of TV and video content to keep the crypto community informed and engaged. These videos cover a wide range of topics, including market analysis, interviews with industry experts, and discussions on the latest trends in the crypto space.
TV and video content is an excellent way to consume information quickly and easily. CoinDesk’s TV and video content provide viewers with valuable insights from leading experts in the industry. Whether you’re a seasoned investor or just getting started in the world of crypto, these videos offer a wealth of knowledge and analysis to help you navigate the market.
By staying up to date with the latest TV and video content from CoinDesk, you can gain a deeper understanding of the crypto market and make more informed decisions about your investments.
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Newsletters
CoinDesk offers a variety of newsletters to help you stay informed about the latest news and developments in the crypto industry. These newsletters cover a wide range of topics, including market updates, analysis, and insights from industry experts.
Subscribing to CoinDesk’s newsletters is a valuable way to stay updated on the rapidly evolving world of cryptocurrencies. These newsletters provide timely and relevant information that can help you make informed decisions about your investments and stay ahead of market trends.
With newsletters covering a wide range of topics, from market analysis to regulatory updates, there is something for everyone in the CoinDesk newsletter lineup. Subscribing to these newsletters is easy and free, making it a convenient and valuable resource for anyone interested in the crypto industry.
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Podcasts
CoinDesk’s podcasts offer a convenient way to stay informed about the latest news and insights in the crypto industry. These podcasts cover a wide range of topics, including market analysis, interviews with industry experts, and discussions on the latest trends in the crypto space.
Podcasts are a popular medium for consuming information because they can be listened to anytime, anywhere. CoinDesk’s podcasts provide listeners with valuable insights and analysis from leading experts in the industry. Whether you’re on your daily commute or taking a walk, these podcasts offer a convenient way to stay up to date with the latest happenings in the crypto world.
By tuning in to CoinDesk’s podcasts, you can gain a deeper understanding of the crypto market and make more informed decisions about your investments. With a diverse range of topics and guests, there’s a podcast for everyone in the CoinDesk lineup.
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Events
CoinDesk hosts a variety of events throughout the year, bringing together industry leaders, investors, and enthusiasts in the crypto space. These events provide a platform for networking, learning, and exploring new opportunities in the rapidly evolving world of cryptocurrencies.
Attending CoinDesk events is a valuable opportunity to connect with like-minded individuals and gain valuable insights from experts in the field. Whether you’re a seasoned investor or just getting started in the crypto space, these events offer a wealth of knowledge and networking opportunities.
From conferences and hackathons to webinars and workshops, CoinDesk’s events cover a wide range of topics and formats. By participating in these events, you can stay ahead of the curve and make meaningful connections in the crypto industry.
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Indices
CoinDesk offers a range of indices that provide a comprehensive overview of the performance of different aspects of the crypto market. These indices track the prices and performance of cryptocurrencies, as well as other relevant metrics, such as trading volume and market capitalization.
Indices play a crucial role in the financial markets, providing investors and traders with insights into the overall trends and movements of specific sectors or markets. CoinDesk’s indices offer a convenient way to track the performance of various crypto assets and gain a deeper understanding of the market.
By utilizing CoinDesk’s indices, investors and traders can make more informed decisions about their investments and stay up to date with the latest market trends. These indices serve as a valuable tool for anyone looking to navigate the complex and ever-changing world of cryptocurrencies.
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Markets
CoinDesk provides comprehensive coverage of the crypto markets, delivering timely news, analysis, and insights to help investors and traders stay informed. The markets section of CoinDesk’s website offers a wealth of information on the latest trends, price movements, and market developments.
The crypto markets are known for their volatility and rapid pace of change, making it essential for investors and traders to stay updated on the latest news and trends. CoinDesk’s markets section serves as a reliable source of information, offering in-depth analysis and expert commentary on the factors driving the market.
By staying informed about the latest happenings in the crypto markets, investors and traders can make more informed decisions about their investments and capitalize on opportunities as they arise. CoinDesk’s markets section is a valuable resource for anyone looking to navigate the dynamic world of cryptocurrencies.
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Finance
The finance section of CoinDesk provides insights and analysis on the intersection of cryptocurrencies and traditional finance. This section covers a wide range of topics, including regulatory developments, institutional adoption, and the evolving role of cryptocurrencies in the global financial system.
As cryptocurrencies continue to gain mainstream acceptance, the finance industry is undergoing a transformative shift. CoinDesk’s finance section offers an in-depth look at the latest trends and developments in this rapidly evolving space, helping readers understand the implications for both the crypto industry and traditional finance.
By staying informed about the intersection of finance and cryptocurrencies, readers can gain valuable insights into the future of money and make informed decisions about their investments. CoinDesk’s finance section serves as a trusted source of information and analysis for anyone interested in the evolving world of finance.
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Technology
CoinDesk’s technology section provides in-depth coverage of the latest technological advancements in the crypto industry. This section explores topics such as blockchain technology, decentralized finance (DeFi), and the impact of emerging technologies on the crypto ecosystem.
Technology plays a fundamental role in the development and adoption of cryptocurrencies. CoinDesk’s technology section offers readers a deeper understanding of the underlying technologies and innovations driving the crypto industry forward.
By staying up to date with the latest technological advancements, readers can gain a competitive edge and make informed decisions about their investments. CoinDesk’s technology section offers a comprehensive view of the evolving tech landscape in the crypto industry, making it a valuable resource for anyone interested in the intersection of technology and finance.
