Author: News Room
To enhance cross-border remittance services, Mastercard Inc. has solidified its partnership with Alipay, the global mobile payment super-app under the umbrella of Ant Group Co. This collaboration marks an expansion of Mastercard’s existing relationship with Alipay, enabling consumers to swiftly send and receive money within their digital wallets, nearly in real-time. The announcement, made via a statement, underscores the significance of the agreement in facilitating seamless transactions for users. With Alipay boasting a user base exceeding a billion consumers in China alone, the partnership promises to streamline international remittances for a vast demographic. Facilitated by financial institutions leveraging Mastercard’s international…
The Cardano (ADA) price is noting the formation of a bearish reversal pattern, according to which a larger-than-expected correction is due for the altcoin. At the same time, ADA is ripe for the picking, and this sentiment alone could buffer the potential decline. Whales Are Pulling Back Whales are one of the most important and influential cohorts for any cryptocurrency since their movements impact price action the most. Such is the case with Cardano, too. Despite whales holding less than 20% of the circulating supply, their dominance over the daily transaction volume makes them a crucial cohort. Out of the…
Genesis and Gemini have taken steps to compensate users affected by their failed Earn program. According to a March 19 statement from Gemini, Genesis asked a bankruptcy court to approve a settlement in principle that will distribute funds to users. The request will be considered during an upcoming hearing on April 16. If the settlement is approved, Earn users who had their accounts suspended should receive 100% of their assets — with 97% of the amount expected to be reimbursed within weeks of court approval. The remaining funds will be distributed as they are obtained from Genesis’ parent, Digital Currency…
Cryptocurrency detective ZachXBT announced that $2.6 million of users’ money was stolen after a fraudster impersonating an influencer said he would launch memecoin and airdrop it to those who sent him Solana (SOL) for this. The fraudster, who impersonated Ansem, an influencer with 250,000 followers on He said that he would airdrop this altcoin to his users. In addition, he shared a link for his users to link their accounts for pre-sale. This link was, of course, fake, and cryptocurrency users who linked their wallets lost the assets in their wallets. In other words, the fraudster stole both the SOL…
Parallel TCG, a sci-fi-based competitive card game, has announced that it will debut its new AI-powered Web3 survival simulation game, Colony, on the Solana blockchain network. As per the announcement shared by Solana on its official account on social media platform X, “AI agents will be able to autonomously transact onchain in this entirely new kind of survival game.” The whitepaper of the AI-powered game confirms that the game will feature highly autonomous AI agents—called “avatars”—that are continuously learning from the world around them while adding: Human players must guide and collaborate with their AI avatars, which feature wide-ranging skills…
BVI, BVI, March 20th, 2024, Chainwire Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc. In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active onchain users. Previously, Mystiko.Network has also been selected to participate in esteemed programs such as Binance MVB, Chainlink Startup, Polygon…
Solana (SOL) price continued its rise even as the rest of the market slowed down until the rally was abruptly stopped this week. The corrections that arose in the last two days seemingly negatively impacted the altcoin, but the reason behind the same is far more concerning. Is Solana Losing Institutions’ Favor? Solana’s price fell over the last two days, wiping out close to 16% of the gains noted by the altcoin recently. Interestingly, this correction arrived at the same time as the release of CoinShares’ weekly report. Per the report, the interest of institutional investors could be seen at…
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […] Read the full article here
Digital assets manager CoinShares says institutions poured in a new weekly record of $2.9 billion into crypto investment products last week in the seventh consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products have also reached a new record mark. “Digital asset investment products saw record weekly inflows totaling US$2.9bn, beating the prior week’s all-time record of US$2.7bn. This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn… During the week global ETPs broke the US$100bn mark for the first time, although the…
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on bids to create Ethereum (ETH) exchange-traded funds (ETFs) from two asset management firms. In a new memo filed earlier this week, the regulatory agency says it will be pushing back the date to approve ETH ETF applications by financial giants Hashdex and Ark 21Shares from March 31st to May 30th – a 60-day delay. According to the SEC, it needs more time to consider the possibility of an exchange-traded product (ETP) centered around the leading smart contract platform. “The Commission finds that it is appropriate to designate a…