Home > NEWS > Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.

For example, after the collapse of Silicon Valley Bank in the United States, Circle's publicly issued dollar coins (USDC) faced recent difficulties in pegging to the dollar. A month later, MasterCard bravely integrated Stablecoin into its Asian infrastructure, allowing users to consume USDC using its Internet. It's happening, guys!

Let's not forget BTC-digital gold is still growing and linked to Wall Street, revalidating its target group and attracting attention in the stock market for long-term hedging trading.

This week's Crypto Biz documents the latest trends in password selection around the world, and how anxiety in banking determines password interior space.

Banking unrest is happening around the world. Regulatory crackdowns have not eased the ongoing combination of traditional finance and decentralized finance (Defi). Although the winds of innovation are raging, the slopes of passageways connecting each other seem to be stronger.

MasterCard to settle Stablecoin wallet transactions in Asia

MasterCard, a global payment service provider, is once again involved in the password industry, allowing retail customers in Asia to trade relatively stable passwords wherever MasterCard accepts. This measure is achieved in collaboration with Sables, an Australian Sablecoin service platform. Users can save USDC by converting USDC into currency and clearing MasterCard on the Internet. The wallet will accept several types of stable currency savings, including Tether (USDT) and Binance savings. (BU.S.), all savings will be automatically converted into USDC.

MetaMASK applies to purchase passwords in Nigeria

As the data encryption wallet MetaMask has been bought and sold at the same time as local banks, the entry point of Nigeria's digital currency is also increasing. Consensys, the head office of MetaMASK, has collaborated with password Internet Finance monthly payment to enable Chinese users to buy passwords through timely bank transfers without the need for bank credit cards or savings cards. According to statistics, this integration will reduce the rate of password purchases in Nigeria from 90% to 30%. Nigeria is a major sales market for MetaMASK, ranking third in the monthly active user level of sports. Chainanalysis listed Nigeria as one of the 20 countries with the largest number of digital currencies.

OKX will terminate its operations in Canada by June 22nd, 2023

In a "temporary" meeting, OKX, a password trading centre, sent an email to Australian users saying that the company "will no longer provide assistance or allow users to set up new accounts in Canada from March 24, 2023." OKX cited the "new rules" behind the measure, saying it was only temporary in the stage of collaboration with regulators. By June 22nd, OKX customers in China must repay their outstanding stock index futures, margin, permanent options and futures trading positions. Fiat cars or tokens will also be cancelled before this date. In February this year, Australian securities administrators issued a notice requiring password trading centres to wait for regulators to sign a new binding commitment during the registration period.

The surge in the Bitcoin banking crisis will attract more organizations: Nienfield, the evolution of the ark

With anxiety and growing anxiety about the plight of commercial banks around the world, the target group of bitcoin has been fully demonstrated, and the price of bitcoin has soared again after the collapse of silver gate financial institutions, Silicon Valley banks and signed banks. Ark InvestCEO Nienfeld believes that the current price of Bitcoin is linked to the stock market and may attract more investors to Bitcoin over time. With regard to the impact of organizational hobbies on bitcoin prices, Field estimates that by 2030, most companies will allocate 2.5 to 6.5 per cent of their asset allocation to Bitcoin, making such leading digital currencies priced between $1 million and $1.5 million.

The influence of Credit Suisse Bank's predicament on password sales Market

How to analyze financial institutions to prevent incorrect total market capitalization indicators-such as Silicon Valley Bank's total market capitalization of $15.8 billion? Marcel Pechman, a cryptographic investment analyst, delves into corporate value indicators and how they better reflect the provisions of the bank's income statement by subtracting net liabilities from total market capitalization. Of course, Pechman was the first to explain the relationship between bank valuations and digital money, especially the fighting spirit of bitcoin.

Crypto Biz is the business process pulse rate behind your weekly blockchain and data encryption, which is immediately sent to your outbox every Thursday.

by Ana Paula Pereira
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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