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According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, Visa’s head of crypto, Cuy Sheffield, criticized the story as “inaccurate as it pertains to Visa.” Visa and Mastercard Clarify Their Stance on Cryptocurrency Despite Alleged Partnership Halt A report published by Reuters on Tuesday states that Visa and Mastercard, two payments firms, are suspending their involvement in cryptocurrency ventures, according to unnamed sources. The sources cited “high-profile collapses” as the reason for the companies’ decision, and noted that discussions about the subject had taken place. Manya Saini, a Reuters reporter, spoke with a spokesperson for both Visa...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced that it will suspend trading for the Binance USD (BUSD) stablecoin from 13 March 2023.  What: Coinbase has announced the suspension of trading for the Binance USD (BUSD) stablecoin from 13 March 2023 because BUSD no longer meets its listing standards. Why: Coinbase’s decision is in accordance with its internal monitoring and review processes, which assess assets in relation to legal, compliance, and technical security standards. What next: Despite the suspension of BUSD trading, Coinbase has assured users that they can still access their BUSD funds and withdraw them at any time.  According to a tweet from Coinbase on 27 February 2023, the decision was based on the exchange’s “listing standards,” and BUSD no longer met these standards. BUSD is currently the third-largest stablecoi...

Join Our Telegram channel to stay up to date on breaking news coverage One thing that Solana, Aptos, and Avalanche have in common is their claim that they are the “Ethereum Killers”. The market believed those claims during the initial days of crypto. But the macro bear market of 2022 has removed any weight from those claims. Solana, Aptos, and Avalanche – all three cryptos have gone through massive correction. And while Ethereum itself is not at a very good place trades, it still is far larger compared to these three tokens. Such statements were echoed by Sandeep Nailwal, CEO of Polygon, who said in his interview with Crypto Banter that a “layer-2 environment” is nothing more than a pipedream. He believes that there will only be a layer-1 – Ethereum on top of which layer-2 developments will take place. When Crypto Banter asked if that means cryptos like Solana, Aptos, and Avalanche will lose their relevance over time, Sandeep replied, ...

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to implement. IMF’s Chief Calls for More Crypto Regulation IMF Managing Director Kristalina Georgieva talked about crypto regulation Saturday on the sidelines of G20 meetings for finance ministers and central bank governors under India’s presidency in Bengaluru. Commenting on crypto oversight, she told reporters: There has to be more regulation. Her statement followed a roundtable discussion she co-chaired with Indian Finance Minister Nirmala Sitharaman. The IMF chief and India’s finance minister agreed that besides debt restructuring, regulating cryptocurrencies is a priority area for India. Georgieva explained that the IMF, the Financial Stability Board (FSB), and the Bank for International Settlements (BIS) are committed ...

Shiba Inu’s layer-2 solution Shibarium remains to be the talk of the town in the cryptocurrency sphere. The calls for a Public Beta launch are growing louder since January making its governing token Bone climb above the $2 mark. In February 2023 alone, two different cryptocurrency and blockchain firms came forward announcing their support for the Shibarium L2 network. The development suggests that a handful of projects could board the network upon its final launch. Here’s how many projects announced their support for Shibarium even before the Beta Testnet is out. More platforms are considering working with Shibarium in some capacity or lending support to the L2 network. Also Read: Shiba Inu: Investment of $3,400 Turns Into $1.55 Billion in 14 Months Shiba Inu: Projects That Announced Support For Shibarium 1. NOWNodes Source: blockduo.com Leading blockchain and infrastructure service provider NOWNodes announced on Tuesday that it will provide support for ...

Join Our Telegram channel to stay up to date on breaking news coverage The Flare token price has seen a volatile downturn over the last 24 hours as it has dropped in value by 2% and is currently valued at $0.0413. Since rebranding from Spark, this token has witnessed a massive downturn upon entering 2023. However, its fundamentals still remain as strong as before. Does it mean Flare will move up in 2023? Overview of Flare Token (FLR) In the world of foreign exchange, the Ripple network, or XRP, is regarded as a means of payment. The XRP ledger’s functionality is constrained since the XRP platform is not completely optimized for a variety of reasons. One of the most comprehensive justifications for the creation of the Flare public blockchain is the ability to support and use the XRP (Ripple) token’s smart decentralization, and various quorums develop as a result of individual nodes’ actions. Flare Network promises to address two pressing problems. The first i...

The announcement said that the sales will be commencing 28 days after Feb. 22, when the notice went out. Nonfungible tokens (NFTs) belonging to the bankrupt Hedge Fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement.  In a notice dated Feb. 22, Joint Liquidator Christopher Farmer announced that the liquidators are intending to begin the sales of NFTs that belong to 3AC. The announcement highlighted that the sale will be done to “realize the value of the NFTs for the purposes of the liquidation.” According to the announcement, the sales will begin 28 days after the notice. Within the announcement, the liquidators clarified that it will not include the list of NFTs that are informally dubbed as the “Starry Night Portfolio.” On Oct. 5, 300 NFTs from 3AC subsidiary Starry Night Capital were moved as part of 3AC's bankruptcy proceedings. The liquidators highlighted that these NFTs are currently subject to an application before the...

Join Our Telegram channel to stay up to date on breaking news coverage The Sandbox (SAND) is a virtual world based on blockchain. The Sandbox (SAND) allows users to build, create, and trade digital assets through a game. The Sandbox (SAND) combines the power of decentralized autonomous organizations and NFTs to create a decentralized platform to help the gaming community. The main mission of The Sandbox (SAND) is to introduce blockchain technology into mainstream gaming. Axie infinity (AXS) is similar to The Sandbox (SAND) as it is a trading and battling game. Axie infinity (AXS) is partially owned and operated by gamers and is inspired by popular games like Tamagotchi. In Axie infinity (AXS), players can trade and breed token-based creatures called Axies. The introduction of the new decentralized trading platform by TMS Network (TMSN) has helped facilitate trades instantly and efficiently. Traders can use TMS Network (TMSN) platform to trade a wide range of assets. TMS Netwo...

According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022. BIS Report Shows Majority of Retail Bitcoin Investors Lost Money Over the Last Seven Years After publishing recommendations from economists at the Bank for International Settlements (BIS) regarding three policies for global regulators, BIS published a report that explores “crypto shocks and retail losses.” The report initially covers the Terra/Luna collapse and the FTX bankruptcy, during which the researchers observed a significant increase in retail trading activity. At that time, BIS researchers noted that “large and sophisticated i...

VeChain’s price has doubled since the start of January 2023, as it jumped from a low of $0.015 to a high of $0.032. The cryptocurrency is attracting heavy bullish sentiments this year and is reaching new highs each month. VET has entered the top 10 best-performing assets in the last three days and is among the top-gaining cryptocurrencies of 2023. Also Read: VeChain Spikes Double Digits: Skyrockets to $0.03 After a 100% Rise in 2023 Source: CoinGecko.com VeChain: Among Top Gainers of 2023 Source: Crypto-news-flash.com / Ruska Design According to recent data from HODLstarter, VeChain took the seventh spot in the top 10 cryptocurrency performers in the last three days. VET spiked nearly 16% in three days and is only moving up in the indices in the last 14 trading days. Also Read: When Will VeChain Reach $1? Below are the top 10 best-performing cryptocurrencies in the last three days. Coinflux (CFX): 119.16% Stacks (STX): 90.03% NEO: 54.72% WEMIX: 40.96% O...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction has been facing some mixed price action in recent days, with the crypto seeing multiple strong uptrends and selloffs. Bitcoin Prediction Statistics Data: Bitcoin price now – $24,818 Bitcoin market cap – $479.6 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $28,000, $29,000, $30,000 Support Levels: $21,000, $20,000, $19,000 At the time of writing, BTC/USD is trading up just above 2.17% at its current price of $24,818, which marks a notable surge from recent lows of $23,865 that were set in the early hours of today. However, the king coin’s strength is showing few signs of degrading, with bulls aggressively buying each dip as bears struggle to gain any momentum. Meanwhile, where the cry...

According to well-known cryptocurrency researcher Michael van de Poppe, Bitcoin (BTC) may hit a new low if it cannot hold onto a crucial support level. In a new strategy session video, Van de Poppe warns his 163,000 YouTube followers that Bitcoin has to see buying support to hold it above $16,750, or the king asset is likely to fall. “The importance lies on the level at $16,750. It clearly needs to hold there if it wants something. If we’re not going to be holding there, it’s going to be a relatively painful period for the markets… We are probably looking at new lows if the markets are not going to jump in above $16,700. And if you look at the altcoins, it clearly shows the same view.” At the time of writing, one bitcoin is worth $16,834. Additionally, according to Van de Poppe, Litecoin (LTC) and Ethereum (ETH) may be headed for lower price objectives. “ETH has not been continuing the rally at this point. So we are falli...

Join Our Telegram channel to stay up to date on breaking news coverage Building on the foundations laid by the metaverse giant Sandbox, RobotEra is here with its P2E metaverse that aims to be more inclusive, more customizable, and more versatile, which puts you in control of your own virtual world. This project, with its “metaverse within metaverse” USP, has raised upwards of $9ook in the first phase of this presale. The presale is closing in on its second stage, so if you want to become an early mover, visit robotera.io to buy yourself some TARO tokens. But what makes this project so different that it has enticed so many investors in so little time? Taro: Destruction & Rebirth RobotEra takes place on a planet called Taro, a barren land where an army of robots led to the extinction of the inhabitants. And those left were killed by an experiment by a scientist who initiated the “robot singularity”. Robots on the planet now have human-like emotions ...