Visa & Mastercard Pause New Crypto Partner Plans – February 28

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$23,493

Bitcoin price continues to trade in the $23,000s, as price appears to have found a comfortable range for the short-term.

Top-20 altcoins are also relatively steady, as Ether remains unchanged, BNB gains less than 1% and XRP rises 1%.

Top Stories for February 28, 2022 🔥

👉 Visa & Mastercard Pause New Crypto Partner Plans

Visa and Mastercard have delayed the launch of new partnerships with crypto firms, due to an uncertain regulatory crypto environment following the collapse and bankruptcies of digital asset custodial firms.

Both of the payment processor giants are pushing back the launch of certain products and services related to crypto until market conditions and the regulatory environment improve.

Previously, both companies partnered with cryptocurrency exchange Binance to issue crypto-fiat-linked payment cards.

👉 Coinbase Announces Initiative Aimed At Advancing Crypto Policy In The US

Coinbase has announced an initiative aimed at advancing pro-crypto policy in the United States. The cryptocurrency exchange is eager to influence both legislators and regulators who will determine how people and companies are able to buy, sell and trade digital assets.

Coinbase plans to empower the crypto community with information about how to contact specific politicians in their local districts to potentially influence how they vote on future legislation.

The initiative comes amid increased regulatory scrutiny of digital assets, with lawmakers and regulatory bodies like the SEC cracking down harshly on several major projects.

👉 Former FTX Engineering Director Pleads Guilty To Criminal Charges

Nishad Singh, former FTX Director of Engineering, has pleaded guilty to criminal charges in a New York court. Singh was reported to have been seeking a deal with prosecutors last month, however it is unclear what charges he pled guilty to.

Singh worked with FTX founder Sam Bankman-Fried at the now-defunct crypto exchange. Bankman-Fried has been charged with 12 different counts, ranging from bank fraud to securities and commodities fraud to conspiracy to commit money laundering.