Binance Partners With Mastercard For Prepaid Cards In Brazil – January 30

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$23,226

Bitcoin price almost tapped the $24,000 mark again yesterday – a price level not seen since mid-August last year.

Top-20 altcoins have seen losses over the last 24 hours, as Ether drops 2%, BNB falls 3% and Polygon drops 5% after a strong rally.

Top Stories for January 30, 2022 🔥

👉 Binance Partners With Mastercard For Prepaid Cards In Brazil

Binance and Mastercard are launching a new prepaid Binance card in Brazil, enabling users with a valid national ID to make purchases and pay bills using crypto.

The card is issued by Dock and is in beta testing with plans to be released soon. The card aims to bridge the gap between traditional financial services and the growing crypto ecosystem and Binance plans to expand it into new markets.

Latin America is a key market for Binance, with citizens receiving $562 billion in crypto in 2022.

👉 Bitcoin Mining Revenue Jumps 50% In A Month

Bitcoin mining revenue has increased by 50% in the first month of 2023, from $15.3 million on Jan 1 to nearly $23 million. This follows a dip in revenue on December 28 to $13.6 million for the first time since October 2020, due to rising energy prices and geopolitical tensions.

Despite criticism of Bitcoin’s high energy consumption, efforts are underway to find greener sources of energy for mining, such as tapping into stranded energy in Malawi. The Bitcoin hash rate continues to reach new highs as more miners join to power and secure the network.

👉 Gemini Under NYDFS Investigation Over FDIC Insurance Claims

The NYDFS is investigating Gemini over claims of customer asset safety. Gemini claimed their Earn product’s assets were FDIC-insured, which is illegal for a financial firm to imply.

Withdrawals from Earn were halted in Nov. 2022, resulting in around $900M frozen, which Gemini blamed on a freeze at Genesis. No immediate comments have been made from Gemini, FDIC, and NYDFS.