New Mastercard tool tackles crypto-fraud
PLUS: 📈 On Fidelity's Upcoming Ethereum Fund and 🧸 Kids' Toy Brands have become the next web3 product consumer base.
Curating Web3’s most important news and social proofs of the past week, alongside political profiles, and additional insight, from the Twali Wrapped Guild.
Are you an expert in Compliance, HR, Legal, Tokenomics, Governance, Accounting, Tax, Policy or Regulation?
Headlining…
Most important news of the past week:
₿ Bitcoin holds steady amidst Credit Suisse collapse rumors.
🇪🇺 The EU agreed on final legal text of the Markets in Crypto Assets Regulation (MiCA).
🧾 The SEC charged Kim Kardashian $1.26 million in penalties for “unlawfully touting crypto security.”
🏦 Federal Reserve Bank of New York says that even “safe” stablecoins pose financial risks.
🏛 U.S. Senate bill would protect crypto exchanges charged for listing unregistered securities from the SEC.
Social proof…
Key cases of adoption over the past week:
💳 Mastercard launches new crypto-fraud tool.
Why this Matters: “Crypto Secure” is Mastercard’s new tool that can assess the risk of crypto-crime on a bank’s network. The tool comes from CipherTrace, a blockchain security startup that Mastercard acquired last year. Crypto-related crime is still a major concern for companies, banks, and individuals, but Mastercard’s Crypto Secure could push these skeptics closer to adoption.
🧸 Major brands invest in web3 products for kid consumer base.
Why this Matters: Macy’s and Toys ‘R’ Us are selling toys inspired by Gary Vaynerchuk NFTs, and Andreessen Horowitz (a16z) has invested millions in Mattel’s kid-friendly, NFT-native gaming platforms. The kids are the future.
🏦 Fidelity’s new Ethereum Index Fund reports over $5 million in sales
Why this Matters: Reports that the multi-trillion dollar investment firm would offer bitcoin trading to retail customers were floating around in September. This recent filing suggests Fidelity is one step closer to bringing crypto investment to its customers, driving forward mainstream adoption.
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