Mastercard to acquire CipherTrace in order to create choice and boost trust for users

It was a big surprise for many when Mastercard announced that it was acquiring CipherTrace. This pending acquisition is no doubt one of the strategies of Mastercard to position itself not only in the emerging crypto economy but also leverage crypto innovation to gain a competitive edge in its traditional playground.According to Ajay Bhalla, president, Cyber & Intelligence at Mastercard, "[d]igital...

Paypal to enable customers trade crypto and transfer crypto to third-party wallets

Since the launch of Paypal Crypto in March 2021, Paypal has been increasingly bullish about creating more choices for Paypal customers who wish to buy with crypto, purchase crypto, and now trade crypto and be able to transfer their crypto to third-party wallets. Enabling crypto trading and third-party transfers will be part of Paypal’s next roll out of new cryptocurrency services...

Standard Chartered, BNY Mellon, Citibank, and other top banks invest over 2.8 billion dollars in blockchain & crypto companies in 2021

Over half of the top 100 banks (by assets under management) have invested in crypto and blockchain-related companies and solutions in 2021, reports Blockdata. This is as of July 2021. The banks making these investments do so by participating in some of the biggest funding rounds for crypto and blockchain-related solutions out there.In coming up with this list of crypto-and-blockchain investing...