Three US states are pursuing BlockFi in the event of regulatory breaches

New Jersey, Texas, and Alabama have individual state regulators raising concerns that New Jersey-based DeFi firm BlockFi is offering unregistered securities. Regulators seem to be pointing out BlockFi’s Interest Account (BIA) in particular, which offers interest rates that consumers are now getting used to in DeFi – but which have blown traditional bank rates out …

Mastercard encourages investments in the integration of crypto cards

Mastercard is putting a number of crypto partners in line this week to streamline its card program for crypto wallets and exchanges, according to an announcement this week. The company’s initiative aims to offer crypto companies a card option that will give crypto holders the ability to spend their digital assets anywhere Mastercard is accepted. …

Over 3,000 PlayStation consoles discovered in Raid, modified to mine crypto

We’ve seen lately esports and gaming become integrated left and right into the crypto landscape – but not quite in that way. Thousands of PlayStation consoles were modified last week to mine crypto. The details of the operation The Ukrainian Security Service (SBU) searched the operation last week for alleged theft of electricity; the SBU …

S&P Dow Jones launches Crypto Broad Digital Market Index

The S&P Dow Jones announced this week the inclusion of five new crypto indices, including an index that tracks over 240 coins. The indices join legacy financial indicators that were paramount in traditional markets, such as the S&P 500 and the Dow Jones Industrial Average. Fabulous five The focus of the five new indices is …

Fidelity Digital expands workforce by 70% due to demand for crypto

The institutional buy-in by major banks and related companies will continue this week. Fidelity Digital is the company’s business solution for digital assets. In a recent story, first published by Bloomberg this week, crypto demand is causing the Fidelity division to increase its workforce by roughly 70%. Fidelity Digital: doubling The report cites an interview …

Visa customers spent over $ 1 billion on crypto-linked cards this year

Crypto-linked card issuance is increasing. Visa announced this week that consumer spending on Visa-based crypto credit cards has exceeded $ 1 billion in the first six months of the year alone this year. Increase in acceptance through accessibility Visa also announced this week that it plans to partner with 50 different cryptocurrency platforms to provide …

Barclays UK customers will no longer be able to send funds to Binance

Barclays customers in the UK will no longer be able to send funds to Binance after the bank has suspended credit and debit card transactions on the exchange indefinitely, according to recent reports. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the company’s UK …