c/crypto-news

As stablecoin use surges globally, traditional finance is rushing to keep pace. Many businesses, though, are still getting up to speed on how to integrate dollar-pegged tokens into customer payments, and London-based startup Velocity—which on Tuesday announced a $38 million Series A funding round—is one of the firms helping them to do so. “These are companies that do not understand that they can be using stablecoins to solve their problems. Those are the people we are going for,” said Rob Hadick, a general partner at the venture capital firm Dragonfly, which has carved out a niche in backing firms that facilitate fiat-to-bridge transactions. Dragonfly and Firstmark led Velocity’s Series A round, which also included investments from Coinbase, Capital One Ventures, QED Investors, Activant Capital, Ripple, and Wintermute. Eric Queathem, founder and CEO of Velocity, declined to specify at what valuation his startup raised its most recent stash of capital. Founded in 2025, Velocity aims to tap into the industry’s rapid expansion, with its name pointing to its goal of making payments faster through stablecoins. The company declined to name specific clients but said its customers include a mix of global merchants, payment providers, fintechs, and financial institutions. Read more [paywall removed for Redditors]: https://fortune.com/2026/07/14/exclusive-payments-startup-velocity-38-million-businesses-stablecoin-growth/?utm_source=reddit/ submitted by /u/fortune [link] [Kommentare]

TL;DR: Civic focuses primarily on KYC and identity verification for compliance. ONTO Wallet takes identity a step further by integrating data monetization, allowing users to not just prove who they are, but also earn from their verified profile. Decentralized Identity (DID) is a foundational pillar of Web3. For a long time, projects like Civic have dominated this space, focusing heavily on KYC (Know Your Customer) and Sybil resistance. They provide the necessary infrastructure for dApps to ensure their users are real people and compliant with regulations. ONTO Wallet, powered by the Ontology network, offers a more expansive vision of what Web3 identity can be. While ONTO provides robust verification (ONT ID), it doesn't stop at compliance. It treats your verified identity as an asset that can be monetized. | Feature | Civic | ONTO Wallet | | :--- | :--- | :--- | | Primary Focus | KYC & Compliance | Identity Management & Data Monetization | | Target Audience | dApps needing verification | Users wanting to control and earn from data | | Passive Income | No | Yes (via AI data markets) | | Tech Stack | Civic Pass | ONT ID & zkTLS | If a protocol simply needs to block bots, Civic is a great tool. But for users, ONTO Wallet offers a much more compelling value proposition: the ability to turn your verified digital footprint into a source of passive income in the booming AI data economy. Q: Do I have to do KYC to use ONTO Wallet? A: ONTO supports various levels of verification. You can build a robust digital profile and monetize metadata without necessarily providing a government ID, depending on the specific data market requirements. Q: How does ONTO protect my identity while monetizing it? A: Through zero-knowledge proofs (zkTLS), ONTO can prove the validity of your data to buyers without exposing your actual identity. Q: Is Civic obsolete? A: Not at all. Civic remains a strong B2B compliance tool. ONTO is simply pioneering the ToC data monetization aspect of identity. References [1] "The Next Phase of Decentralized Identity," Blockworks, 2026. submitted by /u/Rc7xn [link] [Kommentare]

One of the biggest issues in crypto is liquidity and users being spread across multiple blockchains. Cross-chain solutions are trying to solve this by allowing assets and data to move between ecosystems like Ethereum, Solana, BNB Chain, Polygon, and others. Supporters believe this could accelerate DeFi and NFT adoption, while critics point to bridge hacks and security risks. Do you think cross-chain infrastructure is the future of crypto, or are the security concerns still too big? Which projects are doing it right? submitted by /u/Webclues_Infotech [link] [Kommentare]

It was just a notification bug as it seems, but for a few seconds I really believed it. Now I'm genuinely curious...if I had put in a sell order in this price range, would it still be processed at the actual market price? submitted by /u/HecTuHap [link] [Kommentare]

After an excruciating four months where they'd frozen my funds for absolutely no reason whatsoever, I finally got ALL my money off of there, safely on a cold wallet. I will never use Binance again for any reason and honestly I feel stupid and ashamed that I ever used it to begin with. I just wanted to share with you all, because I'm happy and relieved the nightmare is over. For 4 months I was constantly being looped around by AI "support agents". They threw many bogus allegations at me like "you have transacted with fraudulent addresses" (I didn't) and "your funds come from sources outside our terms of use" (they don't). I have literally hundreds of pages of chat & email correspondence with them. They kept trying to bait me into saying something that might be self-incriminating. I suffered psychological harm and at one point got close to harming myself in a major way. In the end I contacted basically every crypto lawyer I could find in my town and threatened Binance legally. Even after they unfroze my account, pretty much every withdrawal I tried to make after that, even to my OWN FUCKING WALLET, some bogus alert or other came up, and I went through a number of other shorter account freezes. I'm probably going to die a few years early because of the emotional toll. My supposed "crime"? Sending $40 to a known, trusted friend. Can't have that now, can we? And based on what I've read, I'm probably one of the lucky ones. I know someone who has had 6 figures in equivalent USD locked up for a year for sending $1.2 to the 'wrong' address. Another person has had their account frozen for 3 years. Just wanted to share with you all. DON'T USE BINANCE submitted by /u/call-the-wizards [link] [Kommentare]

I came across this article around the stablecoin, its wealth (?) and political ties https://www.bbc.co.uk/news/articles/cg4w6wqye32o Anyone else know much about it? submitted by /u/runner365 [link] [Kommentare]