Category: Cryptocurrencies

DeFi Social Trading Platform Nested Raises $7.5 Million

A DeFi platform that aims to add a social element to crypto trading has just garnered itself some investments. This week, Nested announced that it recently closed a $7.5 million round. The Series A was led by Alan Howard with Republic Capital, Kenetic Capital, CMT Digital, and a number of angel investors. Among these indivials investors were former Polychain Capital president Joseph Eagan, Earn co-founder Lily Liu, and Blackpool founder...

Neon Introduces NFT Vending Machine in New York City

Love them or hate them, NFTs (non-fungible tokens) have exploded over the past year. However, despite the growing popularity, navigating the purchasing process remains a mystery for many — especially those not well-versed in cryptocurrency. Thus, Neon has unveiled a new solution it believes will help revolutionize the industry: an NFT vending machine. This week, Neon announced the opening of a new NFT vending location in New York City’s Financial...

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...