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Also: Did the CFTC “pop” the 2017 bitcoin bubble?

Apple Pay functionality will allow cardholders to make purchases in store and online using the crypto held in their BitPay wallet.

With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup.

The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.

Mobile banking firm MoneyLion has announced plans for a range of crypto products in 2021.

The New York-headquartered company said in its investor presentation on February 12 that it would launch a new crypto platform to allow customers to “trade, round-up, earn rewards in digital assets and use a crypto wallet for P2P payments”.

MoneyLion also announced plans to go public through a merger with blank-check firm Fusion Acquisition Corp., a special purpose acquisition company (SPAC).

The deal will give MoneyLion a post-transaction valuation of $2.9 billion, according to the boutique bank FT Partners, which advised on the transaction.

MoneyLion, launched in 2013, currently offers its 7.5 million customers a range of financial services including loans, investments and banking.

The company last raised money in 2019, when it closed a $100 million Series C from investors including Capital One, MetaBank, Edison Partners, Greenspring Associates and FinTech Collective.

Besides the crypto platform, MoneyLion is also prepping a range of product launches including a financial health monitoring tool and new credit and financing products.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

“Crypto dad” made his case for the next evolution of America’s greenback.

Hearn will become CEO of a new firm while remaining a technical adviser to R3.

ByteTree’s Charlie Morris shows how bitcoin’s price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market.

Quick Take

• BlockFi is raising a Series D at a $2.85 billion pre-money valuation, two sources tell The Block.
• The firm is looking to raise $150 million ahead of the launch of a new credit card product and public market debut by the end of the year.

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Crypto sleuthing firm Elliptic says one of the world’s most prolific cybercriminals is going out on its own terms.