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About Shield Finance

Shiled Finance is a fintech company using proprietary technology and leveraging mobile money to offer employees affordable salary advances.

Shield Finance Headquarter Location

Bishop Magua Building Ngong Road



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Latest Shield Finance News

Elon Musk and Michael Saylor Address Environmental Concerns of Bitcoin Mining

May 25, 2021

Rate this post Elon Musk has joined a conversation among leading Bitcoin miners, hosted by Michael Saylor, to address environmental concerns of Bitcoin mining, according to a tweet from the Tesla CEO on Monday. Beginning To Address Environmental Concerns Of Bitcoin Mining After a little more than two weeks, Tesla +4.4% Elon Musk, sparked the cryptocurrency and Bitcoin price drop by declaring that the electric car maker would no longer accept Bitcoin as payment for its electric cars, citing environmental concerns. The devious billionaire then tweeted that he met with executives of North American Bitcoin Mining firms. The meeting culminated in the formation of the Bitcoin Mining Council, which is dedicated to fostering the adoption of sustainable blockchain mining initiatives. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising. Simultaneously, and in what seemed to be a coordinated step, Michael Saylor, CEO of the largest corporate holder of Bitcoin (Tesla is #2), the business analytics firm MicroStrategy MSTR +4.9%, revealed he had hosted a meeting between Elon Musk and executives from major bitcoin miners in North America, including Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, HIVE Blockchain, and others. Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide. According to the release, “miners have decided to form the Bitcoin Mining Council to encourage energy use accountability and drive global sustainability initiatives”. This includes standardizing energy reporting standards, establishing industry-wide Environmental, Social, and Corporate Governance (ESG) targets, and furthering business education and development. Next Steps Described As “Potentially Promising” By Elon Musk “The recently created Bitcoin Mining Council is the next logical step in promoting a sectoral transition to green energy,” said Argo Blockchain CEO Peter Wall in a written statement to Forbes. Wall writes that he “looks forward to partnering with Michael Saylor and other leading North American miners to future-proof an industry that must collectively develop safe mining practices and take ESG issues seriously.”  Marathon Digital Holdings and Hut 8 Mining reported their attendance and the group’s goals in tweets. Other Council members were not immediately available for comment. The announcement follows an increasing focus on cryptocurrency mining operations around the world. Aside from a greater emphasis on the environmental effects of bitcoin mining, the sector is also facing an intensifying ban by Chinese authorities on bitcoin mining and trading practices. According to reports published in the peer-reviewed journal Nature Communications, these dynamics have the ability to significantly affect the delivery and operations of the bitcoin mining landscape, where China accounted for more than 75% of the overall computing capacity on the network as of April 2020. China’s crypto mining superiority is primarily due to lower energy costs and larger mining farms. The decentralized finance ( DeFi ) synthetic derivatives Opium Finance protocol has entered into a partnership with Universal Market Access contracts platform UMA. The aim is to launch decentralized SpaceX insurance using UMA’s Optimistic Oracle. In an announcement on May 24, Opium stated that its decentralized insurance contract (CDS) will work in tandem with UMA’s oracle solution to bring real-world data to the blockchain. There was a surreptitious Dogecoin plug in the tweet that also tagged SpaceX founder Elon Musk. “We’d joined our efforts to launch a new ‘cosmic’ product – decentralized insurance on SpaceX. Hope @elonmusk will take it to the moon together with Dogecoin.” DeFi insurance for failed launches The derivatives work as binary options contracts, allowing users to purchase insurance against a failed launch on SpaceX. Using the SmallSat Rideshare program, organizations can send lighter and smaller payloads to space for as low as $1 million. The announcement elaborated: “The financial instrument can be used to hedge financial risks related to the SpaceX launch and even to generate some income.” The derivative seller essentially offers insurance coverage for a failed launch by locking an amount of money as collateral and earning a premium in the process. These DeFi derivatives allow for risk management and speculation in a globally accessible and non-custodial manner, it added. SpaceX already offers insurance at around 5% of the value of the payload, and Opium and UMA are attempting to compete with that. To ensure high-speed, low-cost transactions, the offering will utilize UMA’s Optimistic oracles . Just like Optimistic rollups, the Optimistic oracle operates on the assumption that one party sends a request and another party pushes the answer on-chain. Disputes can be raised if either party thinks there is something wrong, otherwise the transaction is completed quickly and with minimal network fees. Opium, which offers a range of leveraged derivatives, launched TurboETH trading in late April to offer higher risk exposure to Ethereum markets. OPIUM and UMA price reaction Opium’s native token of the same name has surged 24% over the past 24 hours at the time of press, reaching a price of $3.68. The token is still way down from its $23 all-time high on Feb. 4, however. UMA has also gained well today with a 13% increase to reach $13.46. It too is a long way down from a $45 ATH in early February. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Martin has been covering the latest developments on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017. Follow Author London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors. In the crypto world, investment opportunities are plentiful but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. Plethori is a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal is to deliver cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms. Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more. The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs. Plethori Brings Financial Inclusiveness Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security . The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY. Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading ; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more. Plethori Governance Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem. The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem. The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions. This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization. The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts. Conclusion Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems. The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Cardano tops inflow charts In their weekly digital asset fund flows report , CoinShares breaks down yet another week of massive outflows across the cryptocurrency industry. The report showed that last week, while many coins were experiencing continued outflows, Cardano saw inflows of $10 million. The report posits that this is a result of “investors actively choosing proof of stake coins based on environmental considerations.” Environmental issues have become a hot topic within the cryptocurrency world in recent months with many concerned about the effect that mining is having on the earth. This marks two weeks in a row that, despite other digital assets suffering, ADA has seen strong inflows. In CoinShares’ May 17 report, Cardano totaled $6 million in inflows from the previous period. Year-to-date, Cardano investment products have taken in $24 million in institutional assets. At the time of press, Cardano is trading at $1.53 , up 17% since its weekly open. Bitcoin still experiencing massive outflows On the other hand, bitcoin suffered large outflows for a second straight week. In its May 17 report, CoinShares saw BTC experience outflows of $115 million total. This week, things aren’t much better, with a reported $111 million in outflows. This marked the second week in a row that BTC recorded over $100 million in outflows after last week’s record-breaking low mark. Bitcoin hit another low mark last week when it saw inflow transactions to exchange wallets drop to less than 25,000. It was the worst daily number seen all year and comes on the heels of a new daily high set just last week. The dip came after, among other things, Elon Must announced that Tesla would no longer be accepting BTC as a payment method. The announcement came after major environmental concerns surrounding bitcoin and mining arose. Other negative stories that are contributing factors to this market dip are the Chinese crackdowns , and Hong Kong moving to ban retail crypto trading . Bitcoin is now down around 34% since the monthly open and is trading at $38,475 after hitting an all-time high of $64,868 less than two weeks ago. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news. Follow Author Rate this post Ray Dalio, one of the world’s wealthiest hedge fund investors, announced that he owns Bitcoin in a recent interview aired during the Consensus conference: “I’ve got some Bitcoin.” Dalio did not say how much of his fund is invested in the biggest cryptocurrency. Ray Dalio Claims he Owns Bitcoins He also said that he would like to buy Bitcoin over government bonds, “The more we invest in it, the more likely it is that you would think, “I’d rather have Bitcoin than the bond.” I prefer Bitcoin to bonds.” Last month, Dalio said that Bitcoin had proved itself at Texas A&M’s Bitcoin Conference. He previously said in January that the biggest cryptocurrency was a “hell of an innovation.” Over the last year, the director of the world’s biggest hedge fund has taken a 180-degree turn on Bitcoin. He advised the Davos crowd in early 2020 that Bitcoin was neither a store of value nor a means of trade. The Larger The Coin, The Larger The Goal Paul Tudor Jones, the billionaire hedge fund founder, has opened up to cryptocurrency. Nonetheless, Dalio often warns crypto investors of an impending regulatory ban on crypto. In the aforementioned interview, he cautioned that governments could outlaw Bitcoin to prevent it from replacing state-controlled monetary systems. Dalio said that Bitcoin’s popularity is its greatest challenge because authorities cannot disregard it, “When it becomes a bigger deal and more of a challenge, they lose leverage, posing an existential threat.” He also underlined the significance of diversification, “Diversification would be my main perspective” Dalio Questions Cryptocurrency’s Massive Renaissance As Dalio’s interview aired on Monday, the price of bitcoin was about $37,775—up 11% in the previous 24 hours but still down more than 40% from its recent high. Dalio’s change of heart comes after he criticized crypto’s huge revival in November, tweeting : “I may be overlooking something about bitcoin but I’d love to be corrected,” before launching into a slew of alleged flaws that mirrored most of Wall Street’s bearish sentiment. They are that 1) Bitcoin is not very good as a medium of exchange because you can buy much with it (I presume that’s because it’s too volatile for most merchants to use, but correct me if I’m wrong)… (2/5) “Unlike gold, which is the third most valuable reserve commodity held by central banks, I can’t picture central banks, major institutional owners, firms, or global corporations using [bitcoin],” Dalio tweeted at the time—just months before Goldman Sachs , Morgan Stanley , and Tesla all began getting involved in cryptocurrencies.

  • Where is Shield Finance's headquarters?

    Shield Finance's headquarters is located at Bishop Magua Building, Nairobi.

  • What is Shield Finance's latest funding round?

    Shield Finance's latest funding round is Biz Plan Competition.

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