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Mastercard to end crypto partnership with Binance

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The announcement comes amid consistent low cryptocurrency prices and heightened scrutiny of the industry

Global payment giant Mastercard and cryptocurrency exchange Binance are set to discontinue their collaboration on crypto card programs across four countries—Argentina, Brazil, Colombia, and Bahrain—effective September 22, as reported by Reuters.

Binance’s crypto cards enable users to conduct transactions in traditional currencies using funds from their cryptocurrency holdings on the exchange.

Mastercard’s website also outlines partnerships with other crypto exchanges like Gemini. The decision, however, will not impact Mastercard’s other ongoing crypto card initiatives, as clarified by a spokesperson.

Facing ongoing legal and regulatory hurdles, Binance and its CEO Changpeng Zhao were sued by U.S. regulators in June for alleged deceptive practices. In response, Binance vowed a robust defence.

Despite this development, Mastercard’s commitment to forging partnerships with cryptocurrency firms remains.

The company’s head of crypto and blockchain, Raj Dhamodharan, previously emphasised thorough due diligence and continuous monitoring for all card programs.

A statement from Binance’s customer support account on X (formerly Twitter) indicated that the Binance Card would cease to be available for users in Latin America and the Middle East.

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Essential daily protein needs for better health

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Protein is a fundamental macronutrient essential for various bodily functions, including muscle repair, enzyme production, and immune system support.

Daily protein requirements can vary significantly based on factors such as activity levels, age, and gender.

To help unpack this topic, Kate Save from BeFitFood joins to share her key insights. #featured

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Can big tech be trusted to use AI ethically?

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Big tech giants like Google, Microsoft, and IBM announced comprehensive plans to enhance AI safety measures – but is that enough to convince the everyday worker?

On this episode of Ahron & Mike Live – Can big tech be trusted with AI? “The Fall Guy” takes a hard hit, Apple’s Top Ten controversy and a robot performs surgery on a piece of corn.

Ticker’s Ahron Young & Mike Loder discuss. #featured

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Biden slams the brakes on EV overcapacity

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President Biden’s has imposed new tariffs on Chinese EV imports, just as the Chinese EV industry is facing a critical challenge: overcapacity.

The move comes amidst escalating trade tensions between the two economic giants, with repercussions likely to reverberate across the automotive sector.

David Zhang, the China Insider explores this issue and more. #featured #trending

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