Hack VC has closed an oversubscribed $150 million Venture Fund I to invest in early-stage Web3 opportunities. The Web 3 venture capital (VC) firm is led by veteran Web3 venture investors and operators Alex Pack and Ed Roman, who have invested in and advised more than 100 Web3 projects...
Boom launched an online payment gateway that allows merchants to collect payments from 2 billion unbanked consumers across Africa. The debut of the platform, Boom Pay, marks a step toward financial inclusion for populations that have been excluded from global markets due to a lack...
Ripple says it’s planning to expand its payments business in the U.S. Right now, 90% of the blockchain company’s business is based outside the U.S., Ripple senior director and head of product marketing, W. Oliver Segovia, said on LinkedIn last week. “After being relatively quiet for...
Bitcoin continued its recent decline, falling below $39,000 on Tuesday. This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5% drop to $39,163.22, CNBC reported Tuesday (Jan. 23). The cryptocurrency had already experienced a 4% loss the previous day when it briefly...
DLTPAY, a stablecoin wallet provider based in Tallinn, Estonia, reportedly integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate cross-chain stablecoin payments across Ethereum Layer-2 networks. The integration aims to simplify transactions and improve the user experience, according to a press release posted on Cointelegraph. Reached...
Japanese eCommerce giant Mercari will reportedly begin accepting bitcoin payments on its platform in June. While prices for products listed on Mercari’s flea market app will be displayed in Japanese yen, users will have the option to purchase them with bitcoin, Cointelegraph reported Monday (Jan. 8), citing...
The Securities and Exchange Commission (SEC) should approve all applications for spot bitcoin exchange-traded funds (ETFs) simultaneously, Grayscale Investments CEO Michael Sonnenshein said Monday (Dec. 18). In an interview with Bloomberg TV, Sonnenshein said that this approach would create an even playing field for investors and prevent any disadvantage to the...
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating everything that banks do — from settlements to extending credit to investing, and even to sending and storing money. The...
Bitcoin technology and financial services company River launched a feature that enables global bitcoin payments via text message. With the new River Link, users can send a link via text, email or messaging app, and recipients can claim the bitcoin sent to any wallet, anywhere...
