• Visa Plaid antitrust
    Regulation,  Technology,  United States

    U.S. sues to stop Visa’s acquisition of payments fintech Plaid

    The Department of Justice brought an anti-trust suit seeking to block the deal for Plaid, which lets merchants bypass online debit card payment middlemen

    In Nov. 5 filing with the U.S. District Court for the Northern District of California, the Department of Justice (DoJ) claimed in a court filing that as “Visa learned more about Plaid’s efforts to launch its own pay-by-bank debit service that would directly compete with Visa, its executives grew increasingly alarmed.”

  • Coinbase launches U.S. crypto debit card
    Cryptocurrencies

    Coinbase launches U.S. crypto debit card

    United States-based Coinbase users will be able to spend crypto anywhere while earning crypto cashback of up to 4%

    On Oct 28, Coinbase announced the debut of its Visa debit card, allowing the firm’s customers to spend cryptocurrencies in online and physical stores, as well as for ATM withdrawals.

  • Levey to lead Libra
    Cryptocurrencies,  People,  Politics

    Stuart Levey to lead Libra Association, comfort critics

    A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials

    By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.

  • new price oracle Coinbase
    Cryptocurrencies,  Technology

    With new price oracle, Coinbase wades into DeFi

    The crypto giant says current methods used to verify prices are deeply flawed, but claims its oracle could reduce ‘systemic risks’

    Aiming to "reduce systemic risks" in the DeFi ecosystem, Coinbase is launching a new price oracle that will provide up-to-date rates on BTC/USD and ETH/USD every 60 seconds.