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“# Blockchain Capital secures $300M funding from PayPal, Visa ” PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital. In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP. According to the release, Fund V, capped at…
“# Ether breaks $500 billion market cap for first time ” Ether (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), has hit a major milestone amid the ongoing price rally. On May 12, Ether price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ether’s market capitalization briefly surpassed $500…
“# Got crypto? Here are 3 debit cards that let you spend your stack ” As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems. Despite its many applications, the original use case for Bitcoin…
“# Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development ” If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in…
“# Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE ” E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets…
“#Visa allows paying off credit card bill with cryptocurrency” Visa said Monday that it will allow the use of cryptocurrency USD Coin to settle up transactions in its payment network, the latest indication of the growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto…
“# Stablecoin reserves on crypto exchanges hit new historic high of $10B ” Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion….
“# Visa plans to allow partners to settle fiat transactions with crypto ” Major credit credit provider Visa is piloting a program that will allow its partners to use the Ethereum (ETH) blockchain to settle a transaction made in fiat. In a Monday announcement, Visa said it will be partnering with cryptocurrency exchange platform and…
“# Bison Trails supports Crypto.com’s payments blockchain with key infrastructure ” Blockchain infrastructure provider Bison Trails has announced another major industry partnership, this time with Crypto.com, a leading digital currency exchange looking to bring familiar transactional use cases to cryptocurrency markets. Bison Trails is providing key infrastructure to Crypto.org, Crypto.com’s public, open-source payments blockchain. As…
“# South Korean internet giant Naver reportedly joins Bithumb stake race ” Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb. Naver has discussed a potential equity stake acquisition with major Bithumb stakeholder Vidente, local publication the Maeil Business Newspaper reported Monday, citing several…