Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions

venezuerla wallbit sanctionsWallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside the country would continue to be served. […]

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Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers

On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto Secure. The Crypto Secure software aims to leverage artificial intelligence (AI) algorithms in order to help banks and crypto-centric debit card issuers identify fraudulent crypto transactions. Mastercard, Ciphertrace Introduce New Crypto Monitoring Product Called Crypto […]

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Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

upholdUphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares that the exit from Venezuela has to do with […]

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Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace

Payments Giant Mastercard Acquires Blockchain Intelligence Firm CiphertraceMastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s and Mastercard’s cyber security solutions. Mastercard Purchased Ciphertrace for Undisclosed Sum On Thursday, the financial payments giant Mastercard (NYSE: MA) […]

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Mastercard Enhancing Program for Cryptocurrency Wallets and Exchanges

Mastercard Enhancing Program for Cryptocurrency Wallets and ExchangesPayments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with cryptocurrency.” Mastercard Making It Simpler to Convert Cryptocurrency to Traditional Fiat Currency […]

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