Ibex Pay, a payment rail that accepts Bitcoin payments via the Lightning Network, announced on May 15 that it will cease operations in the U.S. The payment firm stated that the suspension of services for the U.S. market will take effect on May 31, but did not provide reasons for the decision. The company is […]
Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $ 86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $ 12.5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka …
In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $ 6 million seed round in June 2022 to build out its usage-based revenue model for content creators. All products and services will cease …
Deribit FZE, an entity owned by crypto derivatives platform Deribit, has secured a conditional virtual asset service provider from the Dubai virtual assets regulator. The license, which covers spot and derivative trading, will remain non-operational until Deribit meets the regulator’s localization requirements. Meeting Dubai’s Localization Requirements Deribit FZE, a wholly owned entity of the crypto […]
Portal, the provider of a decentralized Bitcoin ecosystem, announced on Jan. 30 that it has raised $ 34 million via a seed funding round. Portal said the raised capital is set to fund the development of a decentralized exchange platform and a wallet. Layer 2 Atomic Swap Technology Portal, a fintech provider advancing …