Category: Cryptocurrencies

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...
Cryptocurrencies

Survey Finds Nearly Half of Respondents Have Purchased Some Crypto

by Jonathan Dyer
With cryptocurrencies continuing to expand into the mainstream, a recent survey shows a significant number of consumers have invested in Bitcoin, Ether, or other coins. According to a survey commissioned by the digital asset marketplace Bakkt, 48% of respondents had purchased at least some amount of cryptocurrency in the past six months. While 19% of those surveyed said that they'd invested $100 or less in crypto, 5% reported buying more...
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...