FD7 Ventures Acquires Stake in Provider of Canada’s First Crypto Credit Card

Jamie Crawley

Updated 8 March 2021 at 8:25 am·1-min read

Cryptocurrency investment fund FD7 Ventures has announced its investment in BitcoinBlack, a firm that says it’s soon to offer Canada’s first bitcoin credit card.

FD7 acquired 33% of Class A voting common shares in BitcoinBlack for an undisclosed amount, according to an announcement Sunday.
Billed as “The World’s Most Exclusive Metal Black Card,” only 1,000 of the credit cards will be issued in 2021, with shipping expected around June 15.
These customers will be able to transact in bitcoin wherever Visa payment is accepted.
Prakash Chand, FD7 managing partner, said the firm invested in BitcoinBlack “because it is a big step toward the mainstream adoption of Bitcoin and crypto across Canada.”
FD7 also announced Friday the purchase of $380 million worth of Cardano’s ADA cryptocurrency using funds converted from its existing bitcoin holdings.
The investment firm now plans to convert another $370 million of bitcoin into Polkadot later this month.

People
“Call Her Daddy'”s Alex Cooper Models Her Wedding Night Lingerie in Instagram Reveal: See the Racy Look
Cooper wore a sexy lacy bodysuit from SKIMS' Wedding Shop collection after marrying Matt Kaplan in Mexico
8h ago
Twentytwo13
Deliberate or poor communication? Ex-IGP Hanif Omar’s final resting place remains a talking point
Why wasn't Tun Mohammed Hanif Omar buried at the Heroes’ Mausoleum at the National Mosque in Kuala Lumpur? Was it deliberate or a sad case of miscommunication? The post Deliberate or poor communication? Ex-IGP Hanif Omar’s final resting place remains a talking point appeared first on Twentytwo13.
2d ago
Malay Mail
EPF announces account restructuring that lets contributors withdraw anytime
KUALA LUMPUR, April 25 — The Employees' Provident Fund (EPF) announced today a restructuring of its contributors account...
2h ago
People
Kourtney Kardashian's Sexy Bikini Photo from Her 45th Birthday Leaves Husband Travis Barker Melting
Kardashian enjoyed a vacation in paradise with her husband and four kids in honor of "45 trips around the sun"
2d ago
People
Jackie Chan's 2 Children: All About Jaycee and Etta
Jackie Chan has one son and one daughter
2d ago
The Telegraph
Hezbollah launches deepest ever attack inside Israel
Hezbollah has launched a series of drone strikes against Israeli military bases, in its deepest attack inside Israel since the start of the war in Gaza.
2d ago
The Telegraph
Trump is taking a first step towards war with China
If, as appears more likely than not, Donald Trump returns to the White House come January 20 2025, China will become America’s unmatched foreign policy priority. But the happy days of Trump’s red-carpet fetes in Beijing are long forgotten.
2d ago
People
Sydney Sweeney Poses Upside Down During Vacation: 'Hanging in Hawaii'
The 'Anyone But You' actress has been sharing her daily dose of travel content
1d ago
The Telegraph
Satellite images show Iran tried to cover up impact of Israeli missile strike
Iran replaced a destroyed radar installation within hours of an Israeli strike on an air base last week in an attempt to make it appear as though the damage had been minimal, it has been claimed.
11h ago
The Telegraph
The five horrible defensive mistakes that derailed Liverpool’s title bid
When you are fighting to stay in the title race and need a win at the home of your city rivals, you cannot get away with the calamitous defending that gifted Everton the lead against Liverpool.
10h ago
Malay Mail
Rahim Thamby Chik says former Umno's Dewan Negara deputy president Mohamad Ali now in Bersatu
KUALA LUMPUR, April 25 — Parti Pribumi Bersatu Malaysia information committee member Tan Sri Abdul Rahim Thamby today cl...
3h ago
Yahoo News Singapore
Fatal accident in Tampines: 42-year-old driver involved in crash charged with four offences, including dangerous driving causing death
After a fatal collision in Tampines, Muhammad Syafie Ismail, 42, faces four charges including dangerous driving causing death.
3h ago
People
TikToker Xandra Pohl Sizzles in Racy Bikinis in “Sports Illustrated Swimsuit” Rookie Shoot: ‘Been My Dream’
Pohl joins Brittany Mahomes and seven Swim Search finalists in the 2024 Rookie class in the magazine’s 60th-anniversary issue, out May
12h ago
Malay Mail
Kepong MP warns scrapping 24-hour eatery licences will affect food sales, tourism
KUALA LUMPUR, April 24 — Kepong DAP MP Lim Lip Eng today said that abolishing 24-hour eatery operating licences could le...
1d ago
The Telegraph
Who will win the US election? Our expert predictions shift as hush money trial begins
The Telegraph is asking five experts to regularly predict who will win one of the tightest US elections in recent history.
2d ago
The Telegraph
Watch: Biden reads ‘pause’ aloud from teleprompter in latest speech blunder
Joe Biden has suffered an “Anchorman moment” after he read out a prompt to “pause” on his teleprompter to a baffled audience.
7h ago
Malay Mail
If we give up our late-night mamak, what’s left of our dignity?
APRIL 25 — He calls me late at night. He’s incensed. Apparently, the folks on radio did it no justice. At first fla...
7h ago
Malay Mail
Report: MACC grants extension to Dr Mahathir's sons to declare assets
KUALA LUMPUR, April 25 — The two sons of former prime minister Tun Dr Mahathir Mohamad are still seeking an extension fr...
6h ago
Reuters
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs.
21h ago
USA TODAY
From Tom Cruise breakdancing to Spice Girls reuniting, reports from Victoria Beckham's bash capture imagination
Victoria Beckham's 50th birthday party had unforgettable and unphotographable moments, from Tom Cruise breakdancing to a Spice Girls reunion.
1d ago

FD7 Ventures Acquires Stake in Provider of Canada’s First Crypto Credit Card

Related Stories

Latest stories

“Call Her Daddy'”s Alex Cooper Models Her Wedding Night Lingerie in Instagram Reveal: See the Racy Look

Deliberate or poor communication? Ex-IGP Hanif Omar’s final resting place remains a talking point

EPF announces account restructuring that lets contributors withdraw anytime

Kourtney Kardashian's Sexy Bikini Photo from Her 45th Birthday Leaves Husband Travis Barker Melting

Jackie Chan's 2 Children: All About Jaycee and Etta

Hezbollah launches deepest ever attack inside Israel

Trump is taking a first step towards war with China

Sydney Sweeney Poses Upside Down During Vacation: 'Hanging in Hawaii'

Satellite images show Iran tried to cover up impact of Israeli missile strike

The five horrible defensive mistakes that derailed Liverpool’s title bid

Rahim Thamby Chik says former Umno's Dewan Negara deputy president Mohamad Ali now in Bersatu

Fatal accident in Tampines: 42-year-old driver involved in crash charged with four offences, including dangerous driving causing death

TikToker Xandra Pohl Sizzles in Racy Bikinis in “Sports Illustrated Swimsuit” Rookie Shoot: ‘Been My Dream’

Kepong MP warns scrapping 24-hour eatery licences will affect food sales, tourism

Who will win the US election? Our expert predictions shift as hush money trial begins

Watch: Biden reads ‘pause’ aloud from teleprompter in latest speech blunder

If we give up our late-night mamak, what’s left of our dignity?

Report: MACC grants extension to Dr Mahathir's sons to declare assets

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

From Tom Cruise breakdancing to Spice Girls reuniting, reports from Victoria Beckham's bash capture imagination