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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
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Newsletters
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Podcasts
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Events
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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.
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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.
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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.
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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.
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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.
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