Solana’s Phantom App Raises $109 Million, Launches iOS App

After reaching 2 million active users in just six months after launch, Phantom released more big news. The crypto wallet for Solana's ecosystem raised $109 million from investors while also launching an iOS app. The firm raised the money in a Series B funding round. Paradigm led the financing round, and a crypto/web3 focused investment firm valued the company at $1,2 billion. Earlier investors also participated, including a16z of Andreessen Horowitz, Variant Fund, DeFi Alliance, Jump Capital, and Solana Ventures. Phantom…

Circle Set to Launch Its Business Account and Programmable APIs

On the 10th of March 2020, Circle, the USDC stablecoin provider, announced it is expanding its Business Account for USDC and introducing a new set of APIs. These APIs control how various software components can interact.  The APIs established by Circle will allow developers to automate USDC transactions in different ways. They will allow businesses to receive both credit and debit card payments in USDC. It will facilitate payments by enabling firms to acquire funds as soon as possible. More…

Blockchain.com Wallet Users Can Now Access USD Stablecoins’ Loans

An announcement by the crypto wallet and exchange provider, Blockchain.com shall enable users to borrow against their holdings. The loans are available in US Dollar-denominated stablecoins against holdings of Bitcoin. All holders of Blockchain.com wallet can access these borrowings immediately once collateral is made available. While there was no specificity on which stablecoins the loans would be paid out in, there is a high likelihood it will be PAX stablecoin. This dollar-pegged stablecoin was added by the wallet last year.…