Visa & Mastercard Reportedly Hit Pause on Crypto Plans Following Market Turmoil

A picture of VISA, Mastercard behind a phone with Bitcoin logo

Visa and Mastercard have reportedly halted their plans to expand into the cryptocurrency market following a turbulent period for the industry, according to Reuters sources. The recent market meltdown has caused the two payment giants to reconsider their approach. Visa has postponed the launch of its cryptocurrency-linked credit card, while Mastercard has put on hold its project to allow users to spend cryptocurrencies at merchants that accept Mastercard.

NFTs are coming soon to Instagram, confirms Mark Zuckerberg

Instagram logo NFT

TL;DR: Zuckerberg hopes users will be able to mint NFTs on the platform. Facebook founder Mark Zuckerberg confirmed earlier reports that video and photo-sharing app Instagram plans to add non-fungible tokens (NFTs) to the platform. The Meta Platforms Inc. (FB) CEO told Shark Tank’s Daymon John at the South by Southwest conference in Austin, …

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Bitcoin falls distinctly after China signals crypto crackdown

The country has proscribed financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading. It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks and online payment channels, …

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Ethereum Price Hits All-Time High of $2,600

Ethereum coin has hit an all-time high amid the crypto crisis. Ethereum just hit an all-time high of $2,600 in history. The boom in a non-bitcoin cryptocurrency shows that the interest is ‘de-coupling from bitcoin,’ says a market analyst. A year ago, Ethereum was trading below $200, and this increase …

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Bitcoin Price Spikes to a New High over $60K

Bitcoin rose above $60,000 for the first time on Saturday. The most popular cryptocurrency around the globe is breaking records this year. At 11:49 GMT, Bitcoin hit an all-time high of $60,012, according to CoinDesk 20. In March of last year, Bitcoin was standing at only $5,000, which later skyrocketed …

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