Category: Cryptocurrencies

Crypto-Backed Card Wirex Celebrates Milestone in U.S. Registrations

It looks as though Wirex is taking a victory lap after a successful entry into the United States market. Today, the platform announced that 150,000 people have registered for the crypto app since it launched in the U.S. a mere six weeks ago. This figure adds to the more than 5 million users Wirex already has across Europe and Asia. Wirex's U.S. app allows users to trade and hold 37...

DeFi Platform Ondo Finance Raises $20 Million

With decentralized finance continuing to capture interest, a DeFi startup has just announced a significant early-stage funding. This week, Ondo revealed that it had raised $20 million. The Series A was led by the Peter Thiel-founded firm Founder Fund as well as Pantera Capital. Other participants include Coinbase Ventures, GoldenTree, Wintermute, Steel Perlot, Tiger Global, and Flow Traders. Previously, Ondo closed a $4 million seed round last year, which was...

Robinhood Adds Support for Four New Crypto Assets Including SHIB

At long last, Robinhood is bringing more cryptocurrency options to its platform. Today, the app announced that, for the first time in years, it was adding support for new crypto assets. Now, customers can buy and sell Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB). These assets join previously supported coins including Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, and more. Of the four newly-added assets, Shiba Inu is...

SoFi Debuts Auto Crypto Purchase Option for Direct Deposit Customers

Despite some turbulent times, cryptocurrencies remain a popular topic and investment. In turn, the FinTech leader SoFi has announced a new feature that will allow customers to automatically invest in crypto when they receive direct deposit funds. With the new feature, SoFi Invest customers who also use the recently-launched SoFi Checking & Savings will be able to select a portion of each paycheck to be used to purchase crypto assets....

DeFi Analytics Platform Treehouse Financial Raises $18 Million

As decentralized finance (DeFi) grows in popularity, the number of consumers looking to get involved has grown considerably. Of course, that can require a bit of a learning curve. In turn, FinTechs that make the space more approachable have not only found success with customers but also investors. Such is the case with Treehouse Financial, which just announced its latest funding round. This week, Treehouse announced that it had raised...

DeFi Social Trading Platform Nested Raises $7.5 Million

A DeFi platform that aims to add a social element to crypto trading has just garnered itself some investments. This week, Nested announced that it recently closed a $7.5 million round. The Series A was led by Alan Howard with Republic Capital, Kenetic Capital, CMT Digital, and a number of angel investors. Among these indivials investors were former Polychain Capital president Joseph Eagan, Earn co-founder Lily Liu, and Blackpool founder...

Neon Introduces NFT Vending Machine in New York City

Love them or hate them, NFTs (non-fungible tokens) have exploded over the past year. However, despite the growing popularity, navigating the purchasing process remains a mystery for many — especially those not well-versed in cryptocurrency. Thus, Neon has unveiled a new solution it believes will help revolutionize the industry: an NFT vending machine. This week, Neon announced the opening of a new NFT vending location in New York City’s Financial...

BlockFi Agrees to Pay $100 Million to Settle SEC, Individual State Suits

For years, regulators have grappled with how to handle new technologies. This has been especially true when it comes to cryptocurrencies. Now, the crypto firm BlockFi has made headlines after reaching a settlement with the Securities and Exchange Commission, as well as with several state regulators. The SEC has charged BlockFi with failing to register its crypto lending product, as well as with violating registration provisions as outlined in the...