{"id":559131,"date":"2023-03-03T21:00:00","date_gmt":"2023-03-03T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/"},"modified":"2023-03-03T21:00:00","modified_gmt":"2023-03-03T18:00:00","slug":"crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/","title":{"rendered":"# Crypto Biz: Did crypto winter scare off Visa and Mastercard?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3641e09b1d4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3641e09b1d4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#%E2%80%9D_Crypto_Biz_Did_crypto_winter_scare_off_Visa_and_Mastercard_%E2%80%9C\" >&#8221; Crypto Biz: Did crypto winter scare off Visa and Mastercard? &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#Breaking_Visa_and_Mastercard_halt_new_crypto_partnerships_%E2%80%94_Report\" >Breaking: Visa and Mastercard halt new crypto partnerships \u2014 Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#Jack_Dorseys_decentralized_Twitter_rival_enters_app_store\" >Jack Dorsey\u2019s decentralized Twitter rival enters app store<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#Goldman_Sachs_still_open_to_crypto_hires_amid_massive_3200_staff_cut\" >Goldman Sachs still open to crypto hires amid massive 3,200 staff cut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#Coinbase_CEO_reiterates_that_%E2%80%98staking_products_arent_securities\" >Coinbase CEO reiterates that \u2018staking\u2019 products aren\u2019t securities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\/#Before_you_go_Is_Binance_in_trouble\" >Before you go: Is Binance in trouble?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_Did_crypto_winter_scare_off_Visa_and_Mastercard_%E2%80%9C\"><\/span>&#8221; Crypto Biz: Did crypto winter scare off Visa and Mastercard? &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvNjMzNjY5NTktMjU2ZS00NGVhLWJjNGQtN2VhZjBhNzZmN2FiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Crypto cycles aren\u2019t 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. Case in point: Visa and Mastercard\u2019s embrace of crypto may have hit a snag thanks to the bear market and unclear regulations.<\/p>\n<p>According to a new report by Reuters, the credit card giants are halting the launch of certain crypto products until market conditions and the regulatory environment improve. Cuy Sheffield, who heads Visa\u2019s crypto division, wasn\u2019t pleased with the report, reassuring the market that Visa is very much committed to seeing through its crypto ambitions. <\/p>\n<p>This week\u2019s Crypto Biz explores the latest reports around Visa and Mastercard, Jack Dorsey\u2019s decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> alternative, and Goldman Sachs\u2019 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent need for more digital asset professionals.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Breaking_Visa_and_Mastercard_halt_new_crypto_partnerships_%E2%80%94_Report\"><\/span>Breaking: Visa and Mastercard halt new crypto partnerships \u2014 Report<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Credit card giants Visa and Mastercard will delay the launch of new crypto partnerships due to the bear market and murky regulatory conditions, according to a Feb. 28 report by Reuters. The companies are hesitant to launch new crypto partnerships following high-profile bankruptcies in the sector, like FTX, BlockFi, Celsius, Voyager, Genesis etc. \u201cRecent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services,\u201d a Visa spokesperson said. However, Visa\u2019s crypto head later clarified that the company continues to \u201cpartner with crypto companies to improve fiat on and off-ramps.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ This story is inaccurate as it pertains to Visa, here\u2019s the reality <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oAEaj7MsX0\">https:\/\/t.co\/oAEaj7MsX0<\/a><\/p>\n<p>\u2014 Cuy Sheffield (@cuysheffield) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cuysheffield\/status\/1630600554069082112?ref_src=twsrc%5Etfw\">February 28, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Jack_Dorseys_decentralized_Twitter_rival_enters_app_store\"><\/span>Jack Dorsey\u2019s decentralized Twitter rival enters app store<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Jack Dorsey is embracing decentralized social networks with the private beta launch of Bluesky \u2014 a so-called decentralized Twitter alternative. Bluesky hit Apple\u2019s app store as an invite-only app, allowing key persons to try out the new platform. An early peek at Bluesky reveals an interface that very much resembles Twitter. The major difference between the two is that Bluesky claims to be \u201cdecentralized,\u201d which means it operates on independently run servers rather than centralized servers controlled by a single entity. It\u2019s not entirely clear if Bluesky will have Bitcoin (BTC) integration, something Dorsey feels very strongly about. In June 2022, Cointelegraph reported that Dorsey was building \u201cWeb5\u201d powered by Bitcoin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Goldman_Sachs_still_open_to_crypto_hires_amid_massive_3200_staff_cut\"><\/span>Goldman Sachs still open to crypto hires amid massive 3,200 staff cut<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Watch what they do, not what they say. Amid continued layoffs in the digital asset sector, multinational investment bank Goldman Sachs has not closed the door on hiring more crypto professionals. According to Goldman\u2019s digital asset lead Matthew McDermott, the bank remains \u201chugely positive\u201d on exploring blockchain applications, which may require more hires. Goldman Sachs\u2019 digital asset unit currently has 70 people and likely won\u2019t be affected by the bank\u2019s job cuts. It feels like only yesterday that Goldman Sachs was hyper-critical of crypto. Now, it\u2019s fully embracing the sector and its innovative potential.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Coinbase_CEO_reiterates_that_%E2%80%98staking_products_arent_securities\"><\/span>Coinbase CEO reiterates that \u2018staking\u2019 products aren\u2019t securities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Last week, Crypto Biz told you that Coinbase has a lot at stake. This week, CEO Brian Armstrong reiterated that Coinbase\u2019s staking products do not constitute securities and should not fall under the United States Securities and Exchange Commission\u2019s (SEC) enforcement action. \u201c[We] really just are providing a service that passes through those coins to help them participate in staking, which is a decentralized protocol,\u201d he said, referring to the exchange\u2019s staking products. The SEC has already thrown the book at crypto exchange Kraken for its staking services. Will the regulator buy Coinbase\u2019s argument? Only time will tell. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">WATCH: Coinbase CEO Brian Armstrong joins Bloomberg TV after\u00a0the biggest US cryptocurrency exchange posted a $557 million loss and saw revenue tumble 75% in the fourth quarter <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/zEfQ0mSMe0\">https:\/\/t.co\/zEfQ0mSMe0<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dJAkxCtft8\">https:\/\/t.co\/dJAkxCtft8<\/a><\/p>\n<p>\u2014 Bloomberg Markets (@markets) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/markets\/status\/1630956213658701825?ref_src=twsrc%5Etfw\">March 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Before_you_go_Is_Binance_in_trouble\"><\/span>Before you go: Is Binance in trouble?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It\u2019s hard to get positive mainstream coverage of crypto these days. This week, Binance CEO Changpeng Zhao responded to a scathing article about his exchange\u2019s business practices. Meanwhile, the Solana network experienced yet another outage. This week\u2019s Market Report breaks down the FUD around Binance, and discusses what\u2019s potentially in store for Solana. You can watch the full replay below:<\/p>\n<p><iframe loading=\"lazy\" title=\"Is Binance in trouble? CZ responds to mainstream FUD, and Solana went down AGAIN?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/HCWJ_J6n89A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>Crypto Biz is your weekly pulse of the business behind blockchain and crypto, delivered directly to your inbox every Thursday.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-did-crypto-winter-scare-off-visa-and-mastercard\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: Did crypto winter scare off Visa and Mastercard? &#8220; Crypto cycles aren\u2019t 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&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":559132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/63366959-256e-44ea-bc4d-7eaf0a76f7ab.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,77423,77456,117,73952],"class_list":["post-559131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-mastercard","tag-visa","tag-business","tag-jack-dorsey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/559131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=559131"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/559131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/559132"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=559131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=559131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=559131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}