Tag: Firm

Payments Firm Stronghold Launches $100M Investment Fund Aimed at Fintech and Web 3

“Stronghold Capital will create opportunities to develop new products and business models that improve financial infrastructure for everyone,” said Tammy Camp, CEO of Stronghold, in the press release. Camp will also be the fund manager for the new capital arm. “Identifying and investing in emerging talent – especially underrepresented and undervalued founders – stands to benefit the developer community, the fintech industry and even society as a whole.” Source

Cryptocurrency Firm Fireblocks Acquires First Digital

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One of the fastest-growing cryptocurrency companies, Fireblocks today announced the acquisition of First Digital. The acquisition will facilitate the expansion of the company’s payment offering. Fireblocks noted that the integration of First Digital will support B2C, B2B, cross-border, and other forms of payment through USDC, Celo, other stable coins, and digital currencies. The crypto firm also outlined the rising retail and institutional demand for digital asset-related payments. Earlier this year, Fireblocks raised a whopping $550 million in its Series E funding round. With a valuation of approximately $8 billion, Fireblocks…

Crypto Custodian Fireblocks Acquires Stablecoin Firm First Digital

“We started working on Libra together back in 2019; Fireblocks, from a secure wallet perspective, and First in terms of payment protocols on the blockchain,” said First Digital CEO Ran Goldi. “We think that between the PSPs [payment service providers] both companies work with, we probably have over 2 million merchants that we can serve in 2022.” Source

Bitcoin Finds Firm Footing Above $42K

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At the time of publication, the largest cryptocurrency by market capitalization was trading just below $42,800, up slightly over the last 24 hours. Ether, the second-largest crypto by market cap, was trading at above $2,900, up more than 2% over the the same time period. Major altcoins were mostly in the red. Trading was light. Original

Uber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact – Bitcoin News

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Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies “at some point.” Khosrowshahi noted that there were two downsides to leveraging the cryptocurrencies like bitcoin, such as “the exchange mechanism is expensive, [and] it’s not great for the environment.” Uber CEO Says Firm Will Likely Accept Cryptocurrencies at Some Point, Company Converses About the Subject All the Time At some point in time, Uber Technologies, the mobility service provider (ride-share service) will accept cryptocurrencies, according to Uber’s CEO Dara Khosrowshahi. The Uber…

Manchester United Selects Blockchain Firm Tezos as Technical Partner

Manchester United has inked a multi-year deal with Tezos, a proof-of-stake (POS) blockchain provider, as the club’s training kit sponsor.  The new partnership came after the deal expired with AON last season; Manchester United’s first-team squad will, therefore, team up with a Tezos-branded training kit.  In a statement, Man. Utd. said that it chose Tezos because it is one of the providers of sustainable, reliable, and advanced blockchains needed to revolutionize how the club and fans interact.   Victoria Timpson, Manchester United’s CEO of Alliances and Partnerships, welcomed the partnership and said:…

Research Firm Predicts Bitcoin Will Hit $200K in Second Half of 2022, ETH to Reach $12K – Markets and Prices Bitcoin News

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This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market capital entering the fold.” Fsinsight: ‘Bitcoin to Tap $200K in H2 2022, Ethereum Will Jump Close to 400%’ While last year’s $100K predictions went silent during the last month of 2021, bitcoin (BTC) price predictions are starting to appear again this year. According to the…