Blockchain-based payment platform Metal has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a multi-purpose EOSIO platform supporting various networks like WAX, Telos, Proton and others. According to Metal, Bloks.io had more than 10,000 daily active users at the time of the acquisition. A spokesperson for Metal told Cointelegraph that Bloks.io is the first and only block explorer acquired by the …
U.S.-based fintech giant Stripe has significantly ramped up its crypto initiatives after it launched a service that enables payments for NFTs and digital assets via fiat currency. Businesses can use Stripe’s new application programming interfaces (APIs) to accept fiat payments for crypto, provide digital wallets, payout users in fiat, leverage identity and know-your-customer (KYC) solutions, and utilize data to detect and block fraudulent transactions. Stripe co-founder John Collinson shared an announcement via Twitter on March 11, and the firm also partnered with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining to launch the crypto business suite. Stripe now supports …
$4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse. This is according to three trademark filings submitted to the United States Patent Trademark Office (USPTO) on Dec. 21, of which was also highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet. #Fidelity has plans for the metaverse! The company has filed 3 trademark applications covering ▶️ NFTs + NFT Marketplaces ▶️ Metaverse Investment Services ▶️ Virtual Real …
The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as a result of technological and internet advances. As a result, new financial services and products have been created with the intention of enhancing accessibility, simplicity and effectiveness in the financial services industry. The 2008 global financial crisis aided the growth of fintech by increasing customer demand for non-traditional banking and financial services. By enabling customers to access financial services from any location at any time, the rise …
Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks. According to Uniswap Labs, the wallet will allow users to check price charts and search for any token across various networks, including Ethereum, Polygon, Arbitrum, and Optimism. To ensure maximum security, Uniswap Labs worked with Trail of Bits for the audit of the wallet. Additionally, the seed phrases and private keys of both imported and newly created wallets will be encrypted and stored on devices using Apple's secure enclave, which …