Category: Cryptocurrencies
Cryptocurrencies
Cryptocurrencies
PayPal Adds Support for External Cryptocurrency Wallet Transfers
Back in October 2020, PayPal made headlines by adding cryptocurrency trading to its immensely popular platform. Then, in March of last year, the company expanded its efforts by introducing Checkout with Crypto — a feature that allowed PayPal users to easily pay for purchases using supported crypto assets. Now, the service is doubling down once again, adding the ability for customers to send and receive coins using external wallets. In...
Cryptocurrencies
Gemini Founders Declare "Crypto Winter," Announce Staff Downsizing
Recent weeks have not been kind to the cryptocurrency market. With Bitcoin trading at around $30,000 per coin, its value is about half of record highs. Similarly, prices for other assets have tumbled as well. In turn, several companies in the crypto space have reported lower earnings. Now, Gemini founders Cameron and Tyler Winklevoss have announced staff layoffs amid what they're called a "crypto winter." In a blog post, the...
Cryptocurrencies
Crypto Tax Platform ZenLedger Raises $15 Million
For years, the tax situation regarding cryptocurrencies has been a bit of a hot topic. In particular, despite not always providing the best guidance, the IRS has repeatedly upped its enforcement of crypto tax rules — even moving a question about crypto to a very prominent spot on the agency's Form 1040. Now, a startup that specializes in crypto taxes has revealed a new round of funding that will help...
Cryptocurrencies
Robinhood Announces Non-Custodial Web3 Crypto Wallet
After finally rolling out a crypto wallets feature in their trading app and recently listing four additional assets, Robinhood plans to double down on cryptocurrency once again. In a blog post, the company announced that it was developing a non-custodial, web3 wallet. Once launched, this wallet will give users greater total control of their crypto as well as provide access to other decentralized web features. Most notably, while this offering...
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...
Cryptocurrencies
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...
Cryptocurrencies
