Category: Cryptocurrencies

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...

Cash App Adding Lightning Network Support for Bitcoin Payments

Following an eventful 2021 (and a recent price crash), Bitcoin is looking to have a big year in 2022. Specifically, while many in the public see the crypto asset as a speculative investment play, a greater number of companies are working to make Bitcoin payments a more common reality. Among them is Block, Inc. (formerly Square Inc.) which has just announced plans to expand its crypto payment options. As TechCrunch...

Cion Digital Raises $12 Million to Expand Cryptocurrency Payments

There's no doubt that 2021 was a breakout year for crypto. Not only did several assets see major price increases (along with plenty of volatility) but a number of startups in the cryptocurrency space also saw significant investments. Now, with 2022 officially underway, one crypto-centric FinTech is starting off the year by closing a new funding round. This week, Cion Digital announced that it had raised $12 million. The seed...

Robinhood Offers Update on Crypto Wallet Feature, Announces Beta

In September, the trading app Robinhood announced that it would begin rolling out one of the most commonly-requested features: cryptocurrency wallets. While the platform added the ability for users to buy and sell select crypto assets in 2018, those assets weren't able to be transferred to external wallets or used for payment. However, in a new blog post, the app clarified that very few users have been able to test...

Crypto Portfolio Tool Stacked Raises $35 Million

During the pandemic, retail investment platforms have seen huge spikes in interest. This has been evident in the "meme stock" revolution as well as the growing popularity of free trading apps. Meanwhile, interest and investment in cryptocurrencies have exploded as well, with many consumers even moving beyond bigger assets such as Bitcoin and exploring opportunities found in smaller coins. Now, a platform that helps crypto investors maximize their portfolios has...

Robinhood Introduces Crypto Gift Feature Ahead of the Holidays

Ever since the holiday season began to come into view, supply chain issues have been a major story. With physical goods seeing delays, several retailers and companies have instead put an emphasis on digital gift ideas. Following in that vein, the trading app Robinhood has just rolled out a new feature that will allow users to send cryptocurrency gifts to their friends and family quickly and easily. According to a...

BitPay Adds Shiba Inu, Enables Acceptance Among Merchants

At this point, a good number of everyday Americans have likely at least heard of Bitcoin and perhaps even Ethereum. Meanwhile, however, there are a number of other notable cryptocurrencies — including some with very vocal enthusiasts. A prime example is the token Shiba Inu (SHIB). Now, the coin is getting a boost as BitPay has announced it will now support the token and allow retailers that use BitPay to...

7 Ways to Earn Free Crypto: Options and Tools to Try

It wasn't that long ago when buying or trading cryptocurrency required a level of tech literacy that most people simply don't possess. Yet, in a relatively short amount of time, the landscape has evolved dramatically. Now, there are plenty of easy-to-use options that can help people get into the world of crypto. But what if you don't even want to invest your own money just yet? As it turns out,...