FinTech news in technology category

Pomelo, Frenkiel’s new startup launching out of stealth today, wants to make it easier to send remittance payments and conduct international money transfer, with a credit twist.

The new division will be built upon the acquisition of blockchain-based loyalty platform for games WonderBlocks, as well as a strategic alliance with blockchain infrastructure gaming developer Forte.

Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives.

A staff at Customer.io, an email vendor contracted by OpenSea, misused their employee access to download and share email addresses of OpenSea users and newsletter subscribers with an unauthorized external party, the world’s largest NFT marketplace said Wednesday night.

Orman said she pushed back on a number of product roadmap suggestion from her other two co-founders, including making it look less like Mint, a personal finance platform adorned with graphs and data and more like a wallet that can inspire people to save.

Last week, former Binance executives at Old Fashion Research launched a $100 million venture fund to focus on the metaverse and bringing greater crypto adoption to emerging markets like Latin America and Africa, according to its managing partner, Ling Zhang, who was previously the vice president of M&A and investments at Binance. Venture capital firms continue to deploy and raise capital for crypto markets despite volatility in recent weeks, with Binance Labs closing a $500 million investment fund to focus on web3 and blockchain technology adoption.

The fund will be financed by the $450 million Polygon had raised previously, its treasury, and a $100 million ecosystem fund, Wyatt said, adding the company will deploy more capital as needed.

While Bitcoin and Ethereum have sustained over 20% declines each over the past week, a number of emerging projects have been hit even harder, including Silicon Valley darling Solana which has seen its token price decline some 40% week-over-week.

This is part of the reason you read about layer 1 (L1) and layer 2 (L2) networks so often; VCs are making bets on competing L1 blockchains to take advantage of this deficit and L2 blockchains that sit on top of Ethereum are designed to improve the speed and price of transactions. It’s a technology that has been pretty widely accepted as a near-term solution for the Ethereum network and VCs have already christened a number of other unicorns in the optimistic rollup space including Optimism and Arbitrum.

Rafael Loureiro, co-founder and CEO of Wealth, which emerged from stealth today, believes his company is taking a more unique approach by appealing to employers that want to offer more value-added benefits. Estate planning startup Wealth is going after a $180 billion U.S. market.

Until you remember that OnlyFans is doing NFT profile pictures now, which means maybe no one wins (except for the intersection of people who both love crypto and also want to compensate NSFW creators for their work?).