Tag Archives: Binance Labs

CoinspeakerBinance Labs Invests in StakeStone amid Growing Interest in Restaking Sector Investing in advance­d restaking protocols aligns with Binance Labs' strategic focus on this domain. Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector

Binance, the world’s leading crypto exchange by trading volume, appears to have spun off its venture capital and incubation arm, Binance Labs, as indicated on the latter’s website. This move occurred earlier this year, marking a significant development during CEO Richard Teng’s four-month tenure. Binance Labs Distances From Binance Binance Labs’s website now clearly states that it operates independently and is not a part of the Binance Group, nor is it involved in any of the...

CoinspeakerBinance Quietly Concludes Binance Labs Spinoff as Part of Developments Under New CEO Binance Labs is now an independent spinoff of Binance Holdings and has no ties to the parent company other than the trademark name. Binance Quietly Concludes Binance Labs Spinoff as Part of Developments Under New CEO

CoinspeakerBinance Labs Announces First Batch of Investments in Season 6 Incubation Program Of 12 projects announced to participate in sixth season of Binance Labs' incubation program, three have been selected as the first batch. Binance Labs Announces First Batch of Investments in Season 6 Incubation Program

Despite a challenging market and waning trust in centralized crypto entities, Binance Labs disclosed 25 new investments in 2023. In the latest report, Binance Labs primarily focused on decentralized finance (DeFi), Web3 gaming, tooling, and infrastructure throughout the year. In the DeFi sector, Binance Labs invested an undisclosed amount in the lending and borrowing protocol Radiant Capital. Additionally, it allocated $5 million to support Curve DAO Token (CRV) for its...

The crypto industry’s fundraising efforts have taken quite a hit owing to the incessant crypto winter. Q3 was no exception. The latest data suggest that new record lows were set for both the total funding amount and the number of deals during this period, reaching levels not seen since Q4 2020. The quarterly figures fell below $2.1 billion across a total of 297 deals, marking a 36% decrease in both categories compared to the previous quarter. DeFi Among Well-Funded Sectors...

Binance’s venture capital and incubation arm, Binance Labs, has announced investing $10 million in LayerZero Labs-based lending and borrowing protocol, Radiant Capital. The capital raised in the strategic funding round will be deployed to tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and full LayerZero messaging support. According to the...

zkPass protocol was selected from a list of more than 900 applicants and will now receive strategic funding from Binance Labs as well as four other finalists. A decentralized open-source protocol that focuses on identity verification solutions zkPass has been crowned the winner of a metaverse show sponsored by the leading cryptocurrency exchange Binance. According to the announcement, the Binance metaverse show was seeking to crown the next big Web3 entrepreneur amongst a huge group of...

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control.Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance.The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will...

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