MoneyGram to allow retail Bitcoin buying in the US
MoneyGram to allow retail Bitcoin buying in the US. Crypto adoption among mainstream payment service companies continues to grow, with MoneyGram set to join the list. In a release issued on Wednesday, the global payment service announced a partnership with crypto exchange and Bitcoin (BTC) ATM operator Coinme Inc., to allow United States customers to withdraw their cryptocurrency holdings for cash across its point-of-sale outlets in the country. As part of the announcement, MoneyGram also revealed that customers will be able to buy BTC and crypto in an expansion of the existing crypto-to-cash model pioneered by the almost 20,000 cryptocurrency ATMs around the world. MoneyGram debuting physical Bitcoin-buying across its locations in the U.S. is also another example of fintech and payment service firms warming up to cryptocurrencies.
Ebay Allows Sale of NFTs on Platform
Ebay is allowing the sale of non-fungible tokens (NFTs) for digital collectibles such as trading cards, images and video clips on its platform, according to Reuters. Users can bid on NFTs as they would for a physical item. All payments will be made in U.S. dollars — unlike other prominent NFT platforms, which usually accept ether (ETH) for NFT payments. Many of the NFTs currently available for sale on eBay appear to be on the WAX blockchain, with sellers stipulating that buyers create a WAX wallet in order to receive their NFT. The move to allow NFT sales comes a week after the e-commerce firm's CEO Jamie Iannone told CNBC that the company was looking at ways to incorporate NFTs on its platform.
Crypto financial services firm Babel Finance raises $40 million in Series A funding
Babel Finance, the Asia-based, crypto-focused financial services firm, announced Monday that it raised $40 million in Series A funding. Participants in the round included Tiger Global Management, Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, according to a press statement. Babel said that some of the firm's existing investors all took part.
ETH price breaks above $4,000 to set new record highs
The price of ether has jumped above $4,000 for the first time. The price of the second largest cryptocurrency by market capitalization climbed above the $4,000 level around 3:00 UTC on Monday just a week after breaking through the $3,000 level. It is changing hands at $4,014 as of press time. Ethereum's market capitalization now sits at over $463 billion, according to data from CoinGecko. Meanwhile, bitcoin's price is also trading above $59,200 again after bouncing between $56,000 and $59,000 for the most parts over the weekend.
Canadian Bitcoin Miner Bitfarms Approved for Nasdaq Global Market Listing
Toronto-based Bitcoin miner Bitfarms will soon be coming to the Nasdaq exchange. Nasdaq has approved the company's common stock listing under the ticker BITF on the Nasdaq Global Market, according to a press release. Nasdaq's market has three tiers that each feature different levels of capital and financial requirements. The tier which requires bigger financials and larger cash flows is the Nasdaq Global Select, followed by Nasdaq Global Markets and Nasdaq Capital Market. Bitfarms stock on the TSX Venture Exchange, formerly listed as BFARF, will adopt the new ticker. Once Bitfarms shares are cleared for electronic settlement (the last step in the listing process), the shares will be live for trading.