Category: Cryptocurrencies

White Star Capital Closes $50 Million Digital Asset Fund

Despite a rough week in the world of crypto, venture capitalists continue to see potential in the space. Case in point: White Star Capital has announced that it's raised $50 million to create a Digital Asset Fund (DAF), which will invest in various blockchain-enabled businesses and crypto networks. Previously, the fund's target was $30 million, but that figure grew as more backers jumped in. Among those backers were Bpifrance and Ubisoft. Running...

Tesla Discontinues Acceptance of Bitcoin for Vehicles

Elon giveth and Elon taketh away. Less than six weeks after Tesla began accepting Bitcoin as a form of payment for its famed electric vehicles, Musk has announced that the company will halt this practice. In turn, the price of $BTC has fallen sharply. In a tweet, Musk cited environmental concerns related to the mining of Bitcoin as the reason why the car company was suspending acceptance. He wrote, “We...

Gemini Becomes Latest Crypto Platform to Support Dogecoin

A dog coin that started as a joke but has grown increasingly real has just received another booster as it rockets "to the moon." This week, Gemini announced that it was adding Dogecoin to its trading platform, allowing customers to buy, sell, and hold the popular asset. Doge now joins the more than 40 cryptocurrencies that Gemini supports trading for. Another 11 token types can be held on the platform...

Gemini Announces Details on Upcoming Crypto Credit Card

Earlier this year, the cryptocurrency exchange platform Gemini opened the waitlist for its planned crypto rewards credit card. Since then, a reported 140,000 people have joined said list. In turn, Gemini has now revealed more details on the products, including the rewards multipliers and some clever elements that make it unique. In terms of rewards, the Gemini Credit Card will earn up to 3% back on dining as well as...

WeWork to Begin Accepting Cryptocurrencies for Payment

After a relatively steady climb in recent months, the cryptocurrency market is back to its volatile ways. Between Dogecoin's rapid rises and Bitcoin's flash crashes, some investors may be reminded why they avoided the asset class in the first place. Nevertheless, the acceptance of crypto is continuing to grow, with WeWork now joining the list of companies that will allow customers to pay in Bitcoin and the like. According to...

Coinbase Makes Its Nasdaq Debut as Crypto Surges

As cryptocurrencies continue to make their way towards mainstream acceptance, one major crypto-centric company is making a splash on Wall Street. This afternoon, Coinbase successfully went public, with its stock now listing on the Nasdaq under the ticker symbol $COIN. According to CNBC, the platform opened at $381 a share — well ahead of its $250 reference price — with share prices trading for as high as $429 for a...

PayPal Introduces "Checkout with Crypto" Option

Over the past few months, cryptocurrencies have seen tremendous growth not only in terms of price but also in mainstream acceptance. The latest example of this comes from PayPal, which just announced the rollout of their Checkout with Crypto feature. With Checkout with Crypto, buyers will have the option to pay for their purchases using four currently-supported assets: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. Notably, they will only be able...

Bitcoin Rewards Platform Lolli Raises $5 Million From VCs, Celebrities

With Bitcoin continuing to show strength (despite a few ebbs this week), another startup in the crypto space has announced a new round of investment. This week, the Bitcoin rewards platform Lolli announced that it had secured $5 million in funding. The "pre-Series A" round included participation from firms Seven Seven Six and Night Media. Additionally, celebrities including Casey Neistat, Philip DeFranco, and many other individuals participated alongside sports hero...