Digital Bank Revolut Taps Fireblocks to Support New Crypto-Based Services

U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank sector, Revolut, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to operate with cryptocurrencies and other digital assets. The company plans to establish a cryptocurrency hub on the island that will allow....

The addition of the Coinbase co-founder to Fireblocks’ board followed a $30 million funding round. Digital asset security platform Fireblocks announced that it would be adding Fred Ehrsam to its board following a recent funding round.In a Nov. 18 statement, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the firm as a board member after a $30 million funding round to expand its global operations. Ehrsam left Coinbase in 2017 and went on to co-found crypto investment firm Paradigm.“Fireblocks has become the go-to for any business looking to build new....

Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes less than three weeks after the company revealed it raised $550 million in Series E funding. Fireblocks’ $8 Billion Valuation Fireblocks, a digital asset custody firm, is set to acquire the stablecoin payment platform First Digital for $100 million, a report has said. The acquisition, when consummated, will enable Fireblocks to bolster the capabilities of its current payment....

Revolut has entered the crypto educational sector with a new initiative designed to foster “financial literacy.” The program, which will teach crypto newcomers the basics of digital assets, starts with a primer on all things Polkadot  – and there’s $15 of DOT up for grabs. Crypto saving app and debit card service Revolut has been […]

Extreme market volatility for assets like Bitcoin and Ether hasn’t stopped venture capital from pouring billions into blockchain businesses. Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility. The investment round was co-led by venture firms D1 Capital Partners and Spark Capital, with participation from Parafi Growth Fund, Canapi Ventures, Altimeter, General Atlantic, Index....