Altcoin News by Thebittimes.Com

With the cryptocurrency community eagerly waiting to see if the United States Securities and Exchange Commission (SEC) will finally approve the first spot Bitcoin (BTC) exchange-traded fund (ETF), the maiden crypto asset is witnessing a massive spike in whale transactions . Specifically, in the 24 hours before press time, Bitcoin has experienced its greatest increase in transactions amounting to over $100,000 in almost two years, according to the observations by a prominent crypto market expert Ali Martinez, shared in an X post on January 5. Indeed, Martinez’s chart shows that there were 16,900 transactions of over $100,000 worth of Bitcoin on January 4, and, as the professional crypto trader pointed out, these transactions “serve as a proxy for BTC whale activity, offering insights into how these major players might be positioned in the crypto market.” Bitcoin large transactions. Source: Ali Martinez It is also worth noting that Martinez earlier noted that as many as 2.41 mi...

Mastercard has teamed up with Feedzai to alert about suspicious crypto transactions in real time. Payments giant Mastercard has entered into a partnership with Feedzai, an artificial intelligence (AI) powered risk management system, in a bid to increase crypto fraud protection among trading platforms. In a press release on Nov. 20, Feedzai said both companies will integrate Mastercard’s blockchain forensic product, Ciphertrace Armada, into Feedzai’s platform dubbed RiskOps. You might also like: Mastercard sees no justification for consumers to use CBDCs With the combined technologies, Mastercard and Feedzai want to let financial institutions intervene in unauthorized transactions in real-time to stop payment before funds leave a victim’s account on a crypto exchange. “We are delighted that, through this new partnership, we are able to go further, by helping to stop fraud and payments to scams before they take place, giving customers more choice, ...

The bank also plans to expand support for fiat currencies to deal with JPM Coin other than the U.S. dollar and euro. JPMorgan’s blockchain-powered stablecoin JPM Coin, pegged to the U.S. dollar, has reached the $1 billion mark in processed daily transactions as the bank keeps betting on blockchain. In an interview with Bloomberg on Oct. 26, JPMorgan Chase global head of payments, Takis Georgakopoulos, said the bank is now weighing its options to launch a retail version of the currency to bring “that same efficiency to consumers.” You might also like: JPMorgan launches new tokenization platform Although JPMorgan recently launched euro-supported payments with JPM Coin, the digital token has been used “mostly” with U.S. dollars. The New York City-based financial giant is now considering expanding support for other fiat currencies, Georgakopoulos said, without going into details. “JPM Coin gets transacted on a daily basis mostly in US d...

Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates. Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse. The Australian Prudential Regulation Authority (APRA) has started requesting banks to declare their exposures to startups and crypto-related companies, the Australian Financial Review reported on March 21. The regulator has ordered Banks to improve their report ing on crypto assets and provide daily updates to the APRA, the report notes, citing three people familiar with the matter. The agency is aiming to obtain more information and insight into banking exposures into crypto as well as associated risks, the sources said. The new measures are reported ly part of the APRA’s increased supervision of the banking sector in the aftermath of recent massive collapses in the global banking system...