U.S. payments giant Visa remains committed to investing in the crypto sector and supporting the technology despite recent failures in the industry, the company said Tuesday.
Breaking: Visa and Mastercard halt new crypto partnerships — Report
According to sources, Visa and Mastercard will delay the launch of new blockchain partnerships until market conditions improve and a clearer regulatory framework is established.
Crypto Biz: Coinbase has a lot at stake
Coinbase says its staking product offerings are different than Kraken’s, which came under SEC scrutiny and resulted in a $30 million fine.
Mastercard to allow crypto payments in Web3 via USDC settlements
The Mastercard-Immersve partnership uses decentralized protocols to settle real-time cryptocurrency transactions on outlets accepting Mastercard payments online.
Bit2Me and Mastercard launch debit card with crypto cashback
The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback.
Nifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more
Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so.
Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars
Randall Crater will pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
Mastercard, Binance to launch their second prepaid crypto card in Latin America
Crypto adoption and usage in Brazil are higher than the global average.
MATIC Whale Pushes Coin Value With Massive Moves
The few months toward the end of 2022 brought devastating events in the crypto industry. With the collapse of the FTX crypto exchange, chaos erupted in the crypto markets. Prices of almost all the crypto assets took a hit. Also, the negative contagion effect sprung up within the crypto space as the number of investors who lost funds on the platform kept increasing.
However, the beginning of this new year shows signs of a positive dawn for most crypto assets. The crypto market has started seeing some green performance. For instance, MATIC has shown impressive performance by soaring on the chart.
Increased Trading Volume For MATIC
Recently, crypto whales are showing more interest in MATIC due to upward price movements in the coin this year. The 24-hour trading volume for MATIC sits at over $376 million, showing a surge of 174.80% and implying increased interest in the token.
An anonymous whale was reported to have transferred MATIC tokens worth approximately $8 million. The transfer was done on the Binance crypto exchange as a single transaction.
Lookonchain, an on-chain data provider, reported the whale’s transfer on its Twitter page. According to the data provider, the whale has been gathering Polygon tokens from different exchanges and through staking. The whale’s address has gotten up to 153 million MATIC tokens at an average price of $1.16
Also, on January 5, Lookonchain reported a huge MATIC transaction from another crypto whale SmartMoney. The whale is known to indulge in low buying and higher sales. SmartMoney moved 2.12 million MATIC tokens worth about $1.7 million to the Kraken crypto exchange.
According to the data, SmartMoney purchased up to 1.76 million MATIC coins from Uniswap at $0.87. The whale later sold 1.08 million of the tokens at $1.44.
MATIC Price Performance
A closer look at the price movement of MATIC revealed the token fared positively from the last week of last year to the beginning of this year. The token has recorded $0.7727 and $0.8637 as its 7-day low and 7-day high, respectively.
At the time of writing, MATIC is trading at $0.8391, indicating a rise of 7.51% in its value over the past 24 hours. Its market cap is about $7.53 billion, and is ranked among the top 10 crypto assets per CoinMarketCap.
On January 1, 2023, MATIC opened trading at $0.7585. But before the day’s end, the token price rose to $0.76. The next day, MATIC started at $0.76 and ended at $0.7809. The token remained at that price level till January 5, when it hit $0.8063.
The next few days saw MATIC declining from $0.788 to $0.799. But on January 7, it picked up again to $0.80 and maintained that range till January 10. Cover image from Pixabay, MATIC chart from Tradingview.
Mastercard partners with Polygon to launch Web3 musician accelerator program
The program will help five emerging artists set up and manage their brands in the Web3 space, and is also aimed at educating people in the music scene on what avenues Web3 tech can offer them.
Mastercard adds 7 blockchain startups to its crypto accelerator
The crypto gateway provider Fasset and Singapore’s Digital Treasures Center are among the startups entering the latest Mastercard Start Path program.
Mastercard taps Paxos to launch crypto trading for banks
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.
Mastercard launches new crypto fraud protection tool
Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network.
Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards
The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process.
Rep. Warren Davidson: Stablecoin bill has ‘outside chance’ of finalizing this year
Earlier this week, new draft legislation on stablecoins came to light aimed at “endogenously collateralized stablecoins.”
Binance and Mastercard will launch prepaid crypto cards in Argentina
“Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz.
ECB exclusive: Crypto payments ‘not currently cost effective,’ Amex exec says
The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.
Mastercard to allow 2.9B cardholders to make direct NFT purchases
Card payments for NFTs were first announced in association with Coinbase’s latest NFT marketplace in January.
Edge announces confidential no-KYC digital currency Mastercard
The company said there will be a $1,000 daily spending limit, but no personal information is required.
WEF 2022: SWIFT probably won’t exist in 5 years, says Mastercard CEO
Michael Miebach, CEO of Mastercard told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years’ time.