DeFi system allows financial products to appear on a public blockchain network which is not regulated by a central bank or intermediary. There are other elements to DeFi like basic metrics and valuing DeFi blockchains that need to be explored for in-depth understanding.
from Gadgets 360 https://ift.tt/3E2hC6l
Cars24 zooms to $3B valuation; Behind the Paytm IPO debacle
We’d leave the year-end musings for a later edition of the newsletter but for now, we have a mix of scooplets, exclusives, and a deep dive into Paytm’s IPO to charge you up for a brand new week.from Tech-Economic Times https://ift.tt/3I47f48
RBI-backed CBDC likely to feature in crypto bill: official
Terming the Centre’s bill as a response to the central bank’s concerns about macro-economic stability, the official said the “government’s response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI.”from Tech-Economic Times https://ift.tt/3re46sJ
Cars24 may hit $3 billion valuation in new funding round
Cars24 is considering a secondary share sale as part of the round, but it hasn’t been finalised yet.from Tech-Economic Times https://ift.tt/3FS8Gko
Slice turns unicorn after raising $220 million from Tiger Global, Insight Partners
Post this funding, the Bengaluru-based startup is valued at over $1 billion—a five times increase since its previous funding round six months ago.from Tech-Economic Times https://ift.tt/3D2QfYu
Crypto exchanges see their new sign-ups dip amid uncertainty
Crypto exchanges have recorded a 15-50% drop in new sign-ups in November so far. They have also posted a dip in their monthly transactions after some investors squared off positions and adopted a “wait and watch” mode.from Tech-Economic Times https://ift.tt/3o1Es8t
TomTom working on mapping platform for emerging markets
A large part of the development is happening out of India, which has about a quarter of its total employee base.from Tech-Economic Times https://ift.tt/31bFt4E
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