Category: Cryptocurrencies

Cryptocurrencies

Robinhood's Non-Custodial Crypto Wallet Now Available for iOS

by Jonathan Dyer
A new crypto app from Robinhood has finally arrived. This week, the FinTech announced that its Wallet app was available to download in the Apple App Store, making it accessible to all iOS users. Previously, the app was only available to a select number of users while more than a million customers remained on the waitlist. Now, no waitlist reservation or invitation code is required to download the app and...
Cryptocurrencies

Bakkt to Sunset Consumer-Facing Crypto App, Focus on B2B2C

by Jonathan Dyer
The FinTech startup Bakkt known for its crypto trading platform and other features has announced that it will be turning its focus to its business-to-business-to-consumer (B2B2C) operations. In turn, the company will be sunsetting its consumer-facing app on March 16th but will allow customers to access their cash and crypto via a web interface. On that date, Bakkt Visa debit cards will also be deactivated. Because of this, customers are...
Cryptocurrencies

BitNile to Launch Marketplace Site in March 2023

by Jonathan Dyer
A busy and diversified company known as a crypto mining firm (among many other things) has announced a date for its next expansion. This week, BitNile announced an official launch date for BitNile.com. According to a press release, the site will go live on March 1st, 2023. When it does, it promises to be the "premiere destination for exclusive goods and VIP experiences" — all of which accept Bitcoin. Ahead...
Cryptocurrencies

Robinhood Introduces Crypto Learn and Earn Feature

by Jonathan Dyer
Amid continued bad news in the realm of cryptocurrencies, a popular FinTech app is moving forward with a new feature that will provide customers with more education about certain assets. Recently, Robinhood launched its Learn and Earn program. With this feature, users will be able to dive into the details of certain crypto assets and systems. In return for doing so, they'll receive some of that asset to be added...
Cryptocurrencies

BlockFi Latest Crypto Platform to Halt Withdrawals

by Jonathan Dyer
With cryptocurrency exchange FTX filing for bankruptcy (after an acquisition deal with rival Binance fell through), the company's fall is impacting other crypto FinTechs as well. That now includes BlockFi. Last night, BlockFi announced that it was pausing withdrawals for customers and also requested that users not deposit funds at this time. In a statement posted to their Twitter account, BlockFi noted that the move was necessary due to news...
Cryptocurrencies

MoneyGram Adds Support for Buying, Selling, and Holding Crypto

by Jonathan Dyer
Before the days of digital peer-to-peer money transfer, consumers relied on such services as MoneyGram to send money to loved ones. As technology as shifted, however, MoneyGram itself has had to evolve beyond its core product. Now, the company is once again expanding its reach by getting into the world of crypto. Recently, MoneyGram joined the ranks of P2P apps such as PayPal, Venmo, and Cash App by adding the...
Cryptocurrencies

Current Banking App Adds Cryptocurrency Trading

by Jonathan Dyer
It wasn't that long ago that buying and selling cryptocurrencies required consumers to navigate a number of unfamiliar platforms and systems. However, that has long since changed with the advent of Coinbase and, later, the integration of crypto trading into other popular FinTech offerings. The latest example of the latter comes from Current, which will now allow customers to buy and sell select cryptocurrency assets. This week, Current debuted its...
Cryptocurrencies

Crypto Checking Account Juno Closes $18 Million Series A

by Jonathan Dyer
Despite the so-called "Crypto Winter" continuing, a FinTech that bills itself as a checking account for crypto natives has just secured a significant investment. This week, Juno announced that it had raised $18 million in funding. The Series A was led by ParaFi Capital’s Growth Fund with additional participation from Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures and Abstract Ventures. Previously, the company closed a...