Breaking Stories

Today in Crypto: Visa Cardholders Get Extra Rewards; Grab Top Exec to Lead Crypto Gaming Venture; Gumi Cryptos Capital Raises $110M for Blockchain Startups Visa cards will be offering new rewards after a partnership with cash-back rewards program Cardlytics, a press release said Wednesday.

Cardholders in the U.S. will be able to earn up to 10% back in bonus rewards in addition to their existing Visa rewards, with all U.S. cardholders enabled to be enrolled in the program.

The partnership will allow cardholders access to rewards from retailers like Adidas, Costco, H&M, Office Depot, Sam’s Club and Shake Shack.

Meanwhile, Crypto exchange Binance suspended transactions on the Ronin network Tuesday (March 29) while it helps Axie Infinity investigate a hack that took $600 million in cryptocurrency from the gaming platform.

Binance reported that it has also suspended withdrawals of Wrapped Ether (WETH) on the Ethereum network, and the convert function from WETH to ETH. Potential hacker addresses have also been blocked.

Meanwhile, a deadline from the United Kingdom’s Financial Conduct Authority (FCA) has been extended for registration for cryptoasset businesses.

The report notes that the Temporary Registration Regime will close on April 1, but there will be some firms that will need more time, such as when a firm might be pursuing an appeal or have particular winding-down circumstances.

In other news, gumi Cryptos Capital (gCC), the blockchain venture capital firm, has raised its second blockchain-focused early-stage fund, a press release said Wednesday (March 30).

This comes on the heels of the first $21 million fund gCC raised, which backed seed-stage founders.

GCC fund has 36 portfolio companies and has backed several of the strongest entrepreneurs in the space, like the strategic round of NFT market OpenSea.

Meanwhile, Grab’s head of technology, Wui Ngiap Foo, is leaving the ride-hailing and delivery company after seven years to lead a new crypto gaming venture, Bloomberg reported Wednesday.

He will be leaving March 31 to become CEO and co-founder of Ethlas, a blockchain-based gaming platform. Foo helped to work with the combination with Uber’s Southeast Asia business in 2018, and the collaboration with Microsoft.

Finally, El Salvador’s $1 billion bitcoin-backed bond might tap “deep wells of capital” with crypto enthusiasts after several big international investors shunned the project, Financial Times wrote.

The demand from bitcoin “whales” could be big for funding for the bond. The exchange has received half a billion dollars of interest from users, according to Bitfinex chief technology officer Paolo Ardoio.

What is your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *