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Blockchain.com to offer ‘.blockchain’ domain names to users

Crypto exchange and wallet provider Blockchain.com will begin offering “.blockchain” domain names to users powered by Unstoppable Domains, the company said on Friday. According to the announcement, all 82 million registered Blockchain.com users will be able to obtain a free .blockchain domain from the company’s wallet service. These domain names will give users the ability to transact in crypto using human-readable addresses rather than the default long-string alphanumeric wallet addresses. Human-readable addresses are similar to social media logins and make …

Ledger and VC firm Cathay Innovation launch $110 million crypto fund

Crypto hardware wallet maker Ledger and global venture capital firm Cathay Innovation have teamed up to launch a €100 million ($110 million) fund to invest in web3 startups. The fund, dubbed Ledger Cathay Capital, is backed by the French public investment bank Bpifrance. Some other investors have also supported the fund, Denis Barrier, co-founder of Cathay Innovation, told The Block, while declining to name them for “compliance and privacy reasons.” Ledger Cathay Capital will invest in early-stage startups across areas …

PayPal adds new crypto services including transfers to other wallets

Payments firm PayPal has rolled out new functionalities for users of its crypto app. The changes, announced this morning, allow users to transfer crypto between PayPal and other wallets, and come in response to customer demand. Users can now send supported tokens — bitcoin, ether, bitcoin cash and litecoin — to external addresses, including those linked to exchange accounts and hardware wallets. They can also now use PayPal to send crypto to other users of the app. The move is …

Pseudonymity startup Big Whale Labs raises $3.8 million seed round 

Big Whale Labs, startup building a social protocol to facilitate pseudonymity through zero knowledge and crypto, announced on Wednesday it has raised $3.8 million in a Seed round. The round was led by M13 and Road, with participation from Slow Ventures, C2, Goodwater, Panache, NFR, and angel investors Balaji Srinivasan (ex-CTO of Coinbase) and Roman (founder of Tornado Cash), along with others. The social protocol lets people better manage their interactions online and aims to build trusted relationships through verifiable …

GameStop launches self-custodial crypto wallet

Video game retailer GameStop announced on Monday that it has launched a crypto and non-fungible token (NFT) wallet, as it prepares for a push into the world of digital assets.  The self-custodial ethereum wallet will allow gamers and others to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers, the company said in a press release.  Available via the Chrome web store, it will also enable transactions on GameStop’s NFT marketplace, …

Revolut’s planned native token will reward customer loyalty, Storonosky says

Revolut’s planned native crypto token will aim to reward customers for their loyalty, CEO Nik Storonosky said in an interview, in which he also shared details on the neobank’s forthcoming non-custodial wallet. Speaking to The Block at the Finance FWD conference in Hamburg, Storonosky said the long-rumored native token — which some have dubbed “Revcoin” — will function in a similar way to airline Air Miles programs, where users earn rewards based on how often they use the service. “It …

Robinhood launches DeFi wallet to rival Metamask

Robinhood is taking the plunge in the nascent world of web3, launching a new wallet application that allows customers to access non-fungible token markets, decentralized exchanges and swap tokens.  The new wallet will be a standalone application from Robinhood’s existing stock and crypto platform and function similarly to other non-custodial wallets like MetaMask, the US brokerage announced at crypto conference Permissionless on Tuesday. Still, Robinhood is hoping that the sleek and intuitive design of its new app will make engaging …

Bitcoin self-custody company Casa raises $21 million in Series A, launches new API

Bitcoin self-custody company Casa raised $21 million in its Series A round, the company announced today. The round was led by Acrew Capital, with participation from previous investors Avon Ventures, Stillmark, Tioga Capital, Castle Island Ventures and Lerer Hippeau. New investors also joined the round, including Positive Sum Ventures, AngelList CEO Naval Ravikant and Adobe Chief Product Officer Scott Belsky. The US-based company, which specializes in building self-custody wallets, has also announced a new Application Programming Interface (API), a tool that …

Bitso introduces new feature that lets customers in Latin America earn yield on their crypto

Latin American crypto exchange Bitso is now offering its clients the opportunity to rack up extra earnings on the crypto in their wallets through a new yield feature. Bitso users in Argentina, Brazil and Mexico are now able to earn yields on their crypto balance by using this new feature, which is called Bitso+. The exchange says the yields will reach up to 15% annually for stablecoins and 6% annually on bitcoin, without any extra fees or lock-up period. Bitso …

WisdomTree positions its forthcoming crypto wallet to serve ‘the next 2 billion’

US asset manager WisdomTree hopes its forthcoming consumer-facing crypto wallet will offer an approachable experience for less tech-savvy users intimidated by the current crop. The smartphone-based wallet, known as WisdomTree Prime, was announced in January and will have a limited US launch this summer before a full roll-out across America next year, Jason Guthrie, Wisdomtree’s European head of digital asset product and head of digital assets, said in an interview with The Block. WisdomTree Prime represents a first foray into …