Category: Cryptocurrencies

Cryptocurrencies

Gemini Raises Massives $400 Funding Round

by Jonathan Dyer
A popular crypto platform has just raised a massive amount of money. Last week, Gemini revealed that it had closed $400 million in funding. The round — which is actually a Series A and marks the first time the company has solicited outside investment — was led by Morgan Creek Digital while 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia also participated. Notably, the round values Gemini...
Cryptocurrencies

Crypto.com Scores Naming Rights to Major Los Angeles Venue

by Jonathan Dyer
Once again showing how mainstream cryptocurrencies are becoming, this week Crypto.com made waves by announcing a new naming rights deal. Staring on Christmas Day, what is now known as the Staples Center in Los Angeles, California will officially become Crypto.com Arena. The venue — which is home to the Los Angeles Lakers, LA Clippers, Los Angeles Spark, and LA Kings — will replace all external signage to reflect the change...
Cryptocurrencies

Burger King Partners with Robinhood for Crypto Promotion

by Jonathan Dyer
There's no question that the past few years have seen cryptocurrencies growing increasingly mainstream. While trading these digital assets was once a challenging and technically advanced experience, now there are plenty of easy-to-use options. Speaking to that reality, iconic fast-food chain Burger King has announced a partnership with Robinhood that will allow customers to win crypto assets with their food orders. For a limited time, when Burger King Royal Perks...
Cryptocurrencies

Mastercard and Bakkt Extend Crypto Partnership

by Jonathan Dyer
Last week, Bitcoin hit a new record high as interest in digital currencies continues to climb. While the asset's price has dipped modestly since, that hasn't dampened the outlook that various FinTechs, financial institutions, and others have for cryptocurrency. The latest example comes from Mastercard, which has just announced an expanded partnership with Bakkt. The partnership will allow Mastercard to offer Crypto-as-a-Service. In turn, this will enable Mastercard partners to provide...
Cryptocurrencies

Bitcoin Reaches New Record High, Topping $66,000

by Jonathan Dyer
After a series of ups, downs, and overall volatility that it's known for, Bitcoin had reason to celebrate this week. On Wednesday, October 20th, Bitcoin reached a new record high after breaking through the $65,000 mark. Furthermore, as of this writing, BTC is now trading above $66,000. Prior to this, the record was recorded at $64,889 set on April 14th, 2021. The rise in prices comes as the Proshares Bitcoin...
Cryptocurrencies

Stock Trading App Public Adding Cryptocurrency Support

by Jonathan Dyer
As interest in cryptocurrency continues to rise, an increasingly popular stock trading platform has announced that it will now support crypto trades as well. This week, Public announced that crypto trading would be open to app users soon. At launch, users will be able to trade ten initial crypto assets in the app: Bitcoin (BTC), Ether (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), Ethereum Classic...
Cryptocurrencies

Robinhood Opens Waitlist for Crypto Wallets

by Jonathan Dyer
At long last, Robinhood is expanding its cryptocurrency platform. According to a blog post from the company, it will begin rolling out its crypto wallet feature to select users next month. Ahead of that, customers can now join the waitlist (although they will need to update their app before doing so). Users can also move up their place in line by inviting friends to join the app. Until now, while...
Cryptocurrencies

Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace

by Jonathan Dyer
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they've also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution that boasts insight into more than 900 cryptocurrency assets. Its tools include anti-money laundering and...