Category: Companies

DeFi, smart contracts on PayPal’s radar as payments company looks to expand crypto footprint

DeFi, smart contracts on PayPal’s radar as payments company looks to expand crypto footprint

Comments from PayPal chief executive Dan Schulman during the payments firm’s second-quarter earnings call on Wednesday indicate an accelerating focus on cryptocurrency tech. Schulman said “we continue to be really pleased with the momentum we’re seeing on crypto,” according to a transcript of the call, nodding to the crypto offering’s expanded limits and the longer-term […]

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State Street partners with Lukka to bring crypto services to its private-fund clients

State Street partners with Lukka to bring crypto services to its private-fund clients

State Street Corporation has unveiled plans to offer cryptocurrency and digital asset services to its private-fund clients.  The financial services company announced Thursday that it has partnered with crypto data and software provider Lukka to provide clients with collection, reconciliation and processing services.  This development marks State Street’s latest step towards advancing into the crypto […]

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Robo advisor Wealthfront adds support for Grayscale’s bitcoin and ether funds

Robo advisor Wealthfront adds support for Grayscale’s bitcoin and ether funds

Wealthfront has begun integrating crypto-related offerings into its robo-advisory offerings, starting with a pair of Grayscale funds. The company, which signaled its move this spring as previously reported by The Block, is making the Grayscale Bitcoin Trust and Grayscale Ethereum Trust available alongside a raft of new options for users. “GBTC and ETHE round out […]

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Visa says crypto purchases during this spring’s price peak boosted cross-border volumes during fiscal Q3

Visa says crypto purchases during this spring’s price peak boosted cross-border volumes during fiscal Q3

Earnings data from Visa indicates that this spring’s peak in the price of bitcoin and other cryptocurrencies had an impact on the payments giant’s cross-border transaction volume. The “bump” in volume was discussed during this week’s fiscal third-quarter earnings call with Visa executives.  As Vasant Prabhu, Visa’s CFO, noted during the call (per a transcript) […]

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New staking products and meetings with Uniswap: behind the scenes at Robinhood Crypto

New staking products and meetings with Uniswap: behind the scenes at Robinhood Crypto

There’s a lot going on inside Robinhood’s dedicated crypto business unit: the development of new lending and staking products and meetings with Uniswap to start.  That’s not surprising, given the sizeable role crypto has played in Robinhood’s bottom line. In a prospectus filed ahead of the firm’s much-anticipated IPO, Robinhood said that nearly one-fifth of […]

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Anchorage chosen to handle digital assets seized by US Marshals Service

Anchorage chosen to handle digital assets seized by US Marshals Service

The US Marshals Service’s search for a digital asset custodian has come to an end, with industry startup Anchorage announcing that it has been chosen as the agency’s contractor.  The USMS search for a custodian dates back to 2019, when it first began gathering information about potential service providers. The agency published subsequent documentation the […]

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Shopify is starting to allow its e-commerce customers to sell NFTs ‘directly’

Shopify is starting to allow its e-commerce customers to sell NFTs ‘directly’

Shopify’s president said Monday that the e-commerce company is directly supporting the sale of non-fungible tokens (NFTs) for its merchants, though the offering’s scope appears limited at this time.  In a pair of tweets, company president Harley Finkelstein said “we are making it easier for our merchants to sell NFTs directly through their stores” before […]

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Aave to launch institutional DeFi platform Aave Arc within weeks

Aave to launch institutional DeFi platform Aave Arc within weeks

DeFi lending platform Aave has rebranded its upcoming institutional DeFi platform from Aave Pro to Aave Arc, according to CEO Stani Kulechov. The decision was made to represent its purpose as a gateway to bring institutions into the decentralized finance industry. And while the platform is likely to miss its initial estimated launch of July, […]

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B2C2 hires former Citadel exec as president of US arm

B2C2 hires former Citadel exec as president of US arm

B2C2, the London-based crypto market-making firm, has hired a former Citadel Securities fixed-income executive as the president of its U.S. arm. Nicola White previously served as Citadel’s global chief operating officer of fixed income, according to her LinkedIn profile. Before moving to Citadel, she worked at Morgan Stanley in various roles for nearly 13 years.  […]

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US officials investigating Tether executives for bank fraud: report

US officials investigating Tether executives for bank fraud: report

U.S. officials are said to be investigating whether executives for the stablecoin operator Tether committed bank fraud, according to a Monday morning report by Bloomberg. Per the report, the Department of Justice is “scrutinizing whether Tether concealed from banks that transactions were linked to crypto, said three people with direct knowledge of the matter who […]

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