CloudWalk, a Brazilian FinTech that manages payments for small- to medium-sized businesses (SMBs), announced Monday (June 27) that it is launching a blockchain of its own. Last fall, CloudWalk announced a $150 million fundraise that the company said put its market capitalization at $2.15 billion....
Nexo, which deals in blockchain-based finance, will be advised by Citigroup on acquisitions in the current tumultuous environment for digital assets, a company blog said. This comes as Nexo acknowledges the crisis in crypto as the UST stablecoin was de-pegged and the Terra ecosystem fell...
Bitcoin is down about 70% from its November all-time high, and the crypto market as a whole is in what is best described as an extreme fear cycle after a stablecoin run wiped out $45 billion and a couple of other companies eye insolvency. That...
Blockchain development platform HashCash Consultants is launching a blockchain-based travel rewards portal with an unnamed travel company, offering users “resort-style check-in at affordable rates,” among other perks, according to a company press release Tuesday (June 21). The initiative will also feature discounted prices and a...
As bitcoin crashed well below the psychologically important $20,000 mark over the Juneteenth holiday weekend, bottoming out at levels not seen since the very beginning of the crypto bull market in November 2020, fears are growing that it will get a lot worse before it...
A report Monday (June 20) from Israel’s central bank suggested that decentralized finance (DeFi) smart contracts may require oversight to prevent “malicious” acts, Bloomberg wrote. Researchers from the Bank of Israel conducting the bank’s first experiment in a central bank digital currency (CBDC) reported that...
While cryptocurrency’s popularity has not skyrocketed as quickly as was expected in some early predictions, it has experienced steady growth, and that trend is not likely to abate. A PYMNTS survey of United States crypto owners found that 30% had used crypto for online purchases...
On June 10, El Salvador was down about $38.1 million on its bitcoin investment. By Friday (June 17), that number had grown to $57.6 million. That’s $19.5 million out of the Salvadoran treasury in the space of a week, thanks to a plummeting bitcoin amid...
In the "Blockchain Payments Tracker," Meadow Labs' Serkan Terek discusses how the company's eco-friendly blockchain technology is helping Australia Zoo issue new NFTs that support its conservation mission while also considering its environmental conscience.
