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Probable Cause for the Mastercard Deal Termination Binance is yet to issue a comment, however, in the early hours of Thursday, its customers’ support account on Twitter (now known as X) posted that the Binance Card “will no longer be available to users in Latin America and the Middle East.” advertisement The reason behind the sudden decision was not disclosed but it is suspected to be related to the current regulatory challenges which Binance is facing in the United States. The US Securities and Exchange Commission (SEC) sued the leading exchange in June over the alleged violation of U.S. Securities laws. About 13 charges were levied on Binance and its Chief Executive Officer (CEO) Changpeng ‘CZ’ Zhao. The cryptocurrency exchange allegedly operated illegally in the United States, mishandled customers deposits, misled regulators and investors and listed unregistered securities. Cardano (ADA), Polygon (MATIC) and Solana (SOL...

Mastercard Launches Crypto Credentials According to an official statement issued by the payments giant, Mastercard’s Crypto Credential will lay down a set of common standards and infrastructure that will help confirm trusted communications among consumers and businesses using blockchain networks.” The firm further emphasizes the fact that NFT projects require different verification requirements than those needed to transfer cryptocurrencies like Bitcoin, Ethereum and Litecoin. advertisement Read More: PayPal’s Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto Mastercard Crypto Credential will develop a set of common standards and architecture that will aid attest reliable interactions between consumers and organizations utilizing blockchain networks. There are many different use cases that may be unlocked with Mastercard’s new program due to the fact that the verification demands of consumers and businesses vary greatly depe...

Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so. Bitcoin Ordinals causes fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network. The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content. So far, inscriptions have included content such as images, documents including a PDF file of the Bitcoin whitepaper and even a fully playable clone of the video game DOOM. The 31.2 kilobyte DOOM clone (pictured) will now forever be playable on Bitcoin. Image: Ordinals On Feb. 2, independent developer, Udi Wertheimer, tweeted he had conducted the “largest transaction in Bitcoin’s history” after using the Ordinals protocol to inscribe a 3.94-megabyte image of a sunglass-wearing, bald, bearded wizard lauding “magic i...