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” Bitcoin market cap flips tech giant Meta, widens gap on Visa “ Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta. At the time of writing, data from Companies Market Cap shows Bitcoin’s market…
” Crypto Biz: Did crypto winter scare off Visa and Mastercard? “ Crypto cycles aren’t for the faint-hearted. As the industry continues to evolve from the cypherpunks into the mainstream, we can expect a lot of growing pains. The dumpster fire that was 2022 may have scared off many companies interested in exploring the sector….
” Breaking: Visa and Mastercard halt new crypto partnerships — Report “ According to a Reuters report published on Feb. 28, American payment processors Visa and Mastercard have delayed the launch of new partnerships with crypto firms due to high-profile bankruptcies in the industry that led to increased regulatory scrutiny. The move follows a period…
” Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time “ A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once again. With the BTC price currently at $24,365, its market cap of $470.16 billion is now marginally above…
” Visa’s crypto strategy targets stablecoin settlements “ Payment company Visa is seeking to build a “muscle memory” to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company’s head of crypto division Cuy Sheffield at the StarkWare Sessions 2023. “We’ve been testing how to actually…
” Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO “ The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments. Speaking on a call at Visa’s annual stockholder meeting on Jan. 24, outgoing…
” Huobi and Solaris crypto-to-fiat debit card launches in the EU “ As the crypto space continues to expand into the mainstream, bridging the gap between digital currencies and fiat currency is a priority for many legacy financial institutions. Cryptocurrency exchange Huobi announced its partnership with Solaris, a European financial services provider, to launch a…
” Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues “ Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion;…
” Stablecoin settlements can surpass all major card networks in 2023: Data “ Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are…
” Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse “ Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price…