Financial services giant Mastercard is set to announce that the thousands of banks and millions of merchants on its payments network will soon be able to integrate crypto into its products, according to a report by CNBC. To do so, Mastercard is partnering with digital asset firm Bakkt, which will provide custody services for the merchants and institutions who sign…
The emerging decentralized finance (DeFi) industry is one of the most innovative areas in crypto, according to the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. But that doesn’t mean it can evade regulation, he added. Speaking at the Yahoo Finances All Markets Summit on Monday, Gensler said that while Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was pressing…
Beginning Monday, BitGo will offer institutional token holders the ability to earn Bitcoin rewards through the Stacks token, which is also known as STX. Through a process known as Stacking, STX token holders can earn BTC rewards directly in their wallets. Unlike other yield-earning services, BTC rewards generated through Stacking are not based on a lending auction, which means STX…
The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change. While Yellen said that U.S. senator Ron Wyden (D., Ore.) was working on drafting the plan, a…
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, has admitted he doesnt fully understand the appeal of the non-fungible token (NFT) market. That’s not due to any flaw in the technology, though; Bankman-Fried noted that he struggles to grasp the “visual aesthetics” of artwork in general. “I personally dont understand the appeal of a Rembrandt painting,” he told Axios earlier today.…
HapeBeast hitting the headlines Three-dimensional nonfungible token (NFT) project HapeBeast is garnering notable attention on social media following the release of a highly-professional teaser video for their upcoming ape-themed profile picture project. Created by the founder of Digimental Studio London, Digimental, the project encompasses 8,000 unique aesthetic depictions of digital ape avatars. Having operated for a number of years, the…
Mastercard is said to be planning to allow any bank or merchant on its vast network to accept Bitcoin and offer Bitcoin and Bitcoin rewards. According to a new report from CNBC, Mastercard is partnering with Bitcoin and crypto wallet provider Bakkt, which will offer Bitcoin custodial services to merchants that sign up, executives at Mastercard and Bakkt said. There…
Investors who study Bitcoin (BTC) carefully are eventually convinced to own a stake in the cryptocurrency, according to SkyBridge Capital CEO and founder Anthony Scaramucci. In a Monday interview with CNBCs Capital Connection, Scaramucci who also served a 10-day stint as President Donald Trump’s communications director urged investors to do the homework on Bitcoin and understand what it is. He…
Solana’s (SOL) price edged up on Monday in the wake of a market-wide price rally led by Bitcoin (BTC), its total volume locked (TVL) hitting record highs and a promising technical setup. Bitcoin triggers market-wide rally SOL climbed by more than 6% to hit an intraday high of around $214. The SOL is now up a little over 35% over…
Eight years in the making, the United States Securities and Exchange Commissions (SEC) silent approval of a Bitcoin (BTC) exchange-traded fund (ETF) last week elicited a wave of exuberance in the crypto space and sent the price of the key digital currency to a new all-time high. Despite some analysts and industry participants having reservations regarding the nature of the…
