U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome of the meeting of the President’s Working Group on Financial Markets (PWG) which Treasury […]
Every time I sort the posts by new, I notice that posts are instantly bombarded with downvotes while certain stocks that appears to be pumps are getting upvoted like crazy. To me it seems theres bots similar to what was posted to in regards to this but rather the bots posting similar comments….. it appears…
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I bought and joined the crypto space during the ATH this year. I am very confident with my purchases because I did my own research. I DCA, HODL and STAKE, however, whenever there is a dip I put in some extra cash in. I am beginning to feel that I am addicted to the dip…
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JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management. A Lot of JPMorgan Clients Consider […]
The address of the Safemoon developer wallet has been confirmed in this post: r/SafeMoon/comments/mi5i4l/dev_wallet/ The post states, "This is the funding that we publicly disclosed is being used for Development. It was seperated out from the deployer for ease of use and access." Wallet address is 0x79c4af7c43f500b9ccba9396d079cc03dfcafda1 Bscscan CSV download of the transactions shows that…
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Mastercard is queuing up a full suite of crypto partners, according to an announcement this week, in efforts to streamline its card program for crypto wallets and exchanges. The company initiative seeks to provide crypto companies with a card option that gives crypto-holders the ability to spend their digital assets anywhere that Mastercard is accepted. Swipin’ New Partnerships The flurry of partnerships include: Circle Paxos Evolve Bank & Trust Metropolitan Commercial Bank Uphold BitPay Apto Payments i2c Inc. Galileo Financial Technologies Each partner looks to play a unique role in Mastercards revitalization to the firm’s already existing Crypto Card Program. Evolve Bank & Trust and Metropolitan Commercial Bank are set to likely be the card issuers while Uphold and BitPay provide supporting crypto wallet technology infrastructure. Meanwhile, i2c Inc., Apto Payments, and Galileo Financial Technologies will support processing and program management for Mastercard. Paxos and Circle, arguably two of the most recognizable names in the list, will support Mastercard with the conversion of crypto-to-fiat by way of stablecoins; the process will allow Mastercard to have stronger internal stability and ideally allow more banks and crypto partners to get involved down the line. For Circle, Mastercard is another strong partnership in the mix after the firm locked in Visa as a partner back in December 2020. Circle, of course, is a major payments infrastructure firm most known for being the principal operator for the USD Coin (USDC). Mastercard is one of the largest financial services firms across the globe, and is now doubling down on crypto-integrated efforts. | Source: NYSE: MA on TradingView.com Related Reading | As Bitcoin Drops Below $30k, Stablecoins Surpass $100 Billion In Total Supply What It Means The announcement comes less than a month after primary Mastercard competitor Visa shared that their customers had spent over $1B on crypto-linked cards just mid-way through the calendar year. Consumer demand is undoubtedly making waves when it comes to mainstream corporate adoption in the crypto-sphere. “Today not all crypto companies have the foundational infrastructure to convert cryptocurrency to traditional fiat currency, and we’re making it easier” said the firm’s EVP of digital asset and blockchain products & partnerships Raj Dhamodharan in the release. “Mastercard expects to deliver on our promise of consumer choice to provide options to people around the world on how and when to pay.” Elsewhere in the release, established partners showed excitement around a move that clearly signals increased crypto adoption; BitPay co-founder and CEO Stephen Pair noted that the partnership shows promise to “accelerate consumers’ use of crypto as a means of commerce.” Could a new race in stablecoin-to-fiat adoption for major institutions be well underway? Related Reading | This Is Why Grayscale Is Doubling Down On Its DeFi Bet With New Fund Featured image from Pixabay, Charts from TradingView.com
