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CFX Labs Secures $9.5 Million Seed Round To Expand Solana-based Payment Network
15.11.2023
Source: Pixabay CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network. The US-based fintech firm said in a press release on Wednesday that the fundraising was oversubscribed, with Shima Capital, Decasonic, Antalpha, CMT Digital...
XRP Price Prediction as XRP Jumps 7% and Whale Moves $17 Million in Assets – What’s Going On?
31.10.2023
XRP (XRP), the cryptocurrency that powers the XRP Ledger launched by US fintech firm Ripple Labs back in 2011, has jumped nearly 8% in the past seven days, with more than 3.5% of these gains coming in the last 24 hours after XRP hit $0.60 for the first time since mid-August on Tuesday. XRP...
USDC Issuer Circle Collaborates with Taiwanese Firms to Bring Loyalty Points to Crypto Services
26.10.2023
Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan. Circle has collaborated with two Taiwanese firms – crypto exchange BitoGroup and convenience store chain Taiwan FamilyMart – to launch...
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
30.9.2023
Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...
Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations
3.7.2023
According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will need to sell the three tokens by September 18th....
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
6.3.2023
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.”...
Fintech Firm Arch Starts Crypto Lending Product, Raises $2.75M
18.1.2023
The fintech startup plans to allow other alternative assets as collateral in the future
Fintech Firm Qenta to Go Public Through SPAC Merger
10.11.2022
Qenta, a fintech firm that tracks precious metals using blockchain technology, will be listed on Nasdaq following a merger with special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition Corp
Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program
2.9.2022
The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that...
Fintech Firm Lightnet Group Gets $50M From LDA Capital to Boost Velo Protocol's Tech
29.8.2022
The firm has the option to raise the total commitment to up to $100 over the next three years
British Fintech Revolut Granted Crypto License in Cyprus
18.8.2022
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
NYDIG to Provide the New York Yankees With Bitcoin Payroll Services
14.7.2022
On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official...
Fintech Firm PolySign Raises $53M to Expand Staff
28.6.2022
The funding round follows the firm’s acquisition of fund administrator MG Stover in April
Fumb Games Mobile App Bitcoin Miner Integrates Real BTC Rewards via Zebedee
15.4.2022
Four years ago, a mobile game application called “Bitcoin Miner” came out that simulates bitcoin mining but at the time, the game’s development team Fumb Games could not integrate bitcoin rewards. On Thursday, Fumb Games revealed it has partnered with the fintech firm Zebedee...
Major Fintech Firm FIS Partners with Fireblocks to Bring DeFi and Crypto to Institutions
13.4.2022
The digital asset platform Fireblocks is partnering with the US-based publicly listed fintech firm FIS to bring a range of new enterprise-grade solutions from the world of decentralized finance (DeFi) and crypto trading and staking to its client base, the two companies announced today....
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Fintech Firm Mogo Forms Ventures Unit to Manage Its Mostly Crypto-Related Investments
23.3.2022
Among Mogo’s investments are a 39% stake in crypto exchange Coinsquare, and holdings of bitcoin and ether
US Fintech Firm Acorns Adds Crypto Exposure Investing via Proshares Bitcoin ETF
22.3.2022
The American financial technology (fintech) firm Acorns has announced customers now have the option to add bitcoin exposure via the Proshares Bitcoin Strategy ETF (BITO). Acorns’ clients can now allocate up to 5% of their funds into BITO. Acorns Customers Can Add Bitcoin Exposure to Their...
Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding
18.3.2022
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific...