Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added. Mastercard’s CFO on Crypto as Asset Class vs. Means of Payment Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency…
Victorian Police in Australia will soon be granted new powers to seize cryptocurrency and digital assets from criminals, as well as compel platforms to hand over information about suspects. According to a statement released by Victorian premier Daniel Andrews on Aug. 2, new laws were introduced to parliament on Tuesday under the Major Crime and Community Safety Legislation Amendment Bill…
Web3 will play a part in the future of Starbucks’ popular rewards program, Starbucks CEO Howard Schultz said. “We have been working on a very exciting new digital initiative that builds on our existing industry-leading digital platform in innovative new ways, all centered around coffee and—most importantly—loyalty,” Schultz said during the company’s Q3 2022 earnings call on Tuesday. According to…
This is an opinion editorial by Mark Jeftovic, cofounder and CEO of easyDNS Technologies Inc. and author of “Managing Mission Critical Domains and DNS.” From the moment I discovered Bitcoin back in 2013, I knew there would eventually have to be a way to reference wallet addresses using human-readable labels. The big problem with Bitcoin’s long addresses is that they…
Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on bitcoin. Microstrategy’s Performance Since Adopting…
In brief Thousands of Solana wallets were drained in a widespread hack that’s now being blamed on an exploit with the Slope mobile wallet. White hat hackers spammed “malformed” transactions to slow the Solana attackers, but it knocked out RPC servers in the process. We’re starting to get answers about the large-scale Solana wallet hack that saw nearly $4.5 million…
Jeff Garzik, a key developer of the Linux operating system and Bitcoin Core project, announced the launch of NextCypher Productions on Tuesday. The independent entertainment company aims to use Web3 tools to produce independent science fiction entertainment. “I was the third most prolific developer on the original blockchain Bitcoin back in 2010,” Garzik tells Decrypt in an interview. “So I…
In brief The large-scale Solana wallet hack, which started on Tuesday night, is believed to be tied to the Slope mobile wallet app. Solana’s developers believe that private key details for affected wallets were “inadvertently transferred” to a third party. Thousands of Solana users collectively lost about $4.5 million worth of SOL and other tokens from Tuesday night into early…
Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing sell pressure from margin traders. The positive price move was primarily driven by growing certainty of the “Ethereum…
Steve Ehrlich, CEO of now-bankrupt crypto broker Voyager Digital, sold more than $30 million in company shares in 2021, according to a CNBC analysis of Canadian Securities Exchange filings. After listing on the Canadian Securities Exchange under the VYGR ticker in 2019 at $0.62 per share, the company’s stock typically traded around $1. But in 2021, after VYGR moved to…
