Category: Cryptocurrencies

Cryptocurrencies

Vast Bank Introduces Crypto Banking Service and App

by Jonathan Dyer
At a time when cryptocurrency is seeing greater mainstream acceptance, one FDIC-insured bank is now making it easier for their customers to trade and hold crypto assets. The Tulsa-based bank Vast has launched its Crypto Banking platform and app, made possible through a partnership with Coinbase and SAP. According to the company, this makes them the first nationally chartered U.S. bank to allow customers to buy, sell, and hold cryptocurrency...
Cryptocurrencies

Venmo Adds Automatic Cryptocurrency Rewards Option to Credit Card

by Jonathan Dyer
With interest in cryptocurrencies continuing to expand, another brand is adding crypto support to its credit card offering. Venmo has announced its new Cash Back to Crypto program for Venmo Credit Card customers. With this new option, cardholders can elect to automatically purchase cryptocurrency with the cashback rewards they earn each month. Additionally, those who opt into this program will not have any purchase fees associated with their "Cash Back...
Cryptocurrencies

Upgrade Launches Bitcoin Rewards Credit Card

by Jonathan Dyer
Another Bitcoin-earning credit card isn't just on the way — it's already here. This week, Upgrade announced the launch of its new Bitcoin Rewards Credit Card. The Upgrade Bitcoin Rewards Credit Card is essentially a crypto reskin of the FinTech's Cash Rewards card, earning 1.5% back in rewards. However, these rewards aren't earned upon purchase like with most traditional cards and are instead earned when purchases are paid off. Additionally,...
Cryptocurrencies

Data Shows Majority of Bitcoin Owners are Holding at a Profit

by Jonathan Dyer
After a strong run early in 2021, several cryptocurrencies have since fallen on hard times. In the case of Bitcoin, the asset is now trading for nearly half of its record highs seen just a few short months ago. Nevertheless, the current value is still far ahead of where Bitcoin had been prior to 2020. What's more, data shows that the majority of Bitcoin currently being held represents a profit...
Cryptocurrencies

Visa: $1 Billion Spent Via Crypto-Linked Cards in 2021 So Far

by Jonathan Dyer
The age of cryptocurrency debit and credit cards is apparently upon us. According to Visa, the company is currently working with 50 cryptocurrency platforms on card programs. These cards will make it easier for consumers to convert and spend crypto with the more than 70 million merchants worldwide that accept Visa. As a result, the company says that $1 billion in goods and services have been paid for using crypto-linked...
Cryptocurrencies

DeFi Savings Platform Donut Raises $2 Million

by Jonathan Dyer
Following months of momentum, the past few weeks have been a rollercoaster for cryptocurrencies. Nevertheless, DeFi — short for decentralized finance — and other blockchain-based services have continued to gain the interest of consumers and investors. In fact, one DeFi offering has just revealed its latest funding round. Donut has announced that it raised $2 million in its latest investment round. Previous investor Redalpine led the round, joined by Inventures,...
Cryptocurrencies

Bitcoin Rewards App Fold Raises $13 Million in Funding

by Jonathan Dyer
It looks as though the app Fold is the latest FinTech to cash in on the current crypto craze. Today, the company announced that it had raised an impressive $13 million. The Series A was led by Craft Ventures while M13, Slow Ventures, Bessemer Venture Partners also participated. With the funds, Fold intends to continue building out its rewards platform and also plans to enable other card issuers to offer...
Cryptocurrencies

White Star Capital Closes $50 Million Digital Asset Fund

by Jonathan Dyer
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...