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Israeli FinTech KIMA, Mastercard Launch DeFi Credit Card Project

Israeli FinTech company KIMA and global payments giant Mastercard have joined forces to launch a decentralized finance (DeFi) credit card project. The initiative aims to bridge traditional finance with the rapidly growing DeFi space, offering users innovative solutions for accessing credit and managing their finances.

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Israeli FinTech company KIMA and global payments giant Mastercard have joined forces to launch a decentralized finance (DeFi) credit card project. The initiative aims to bridge traditional finance with the rapidly growing DeFi space, offering users innovative solutions for accessing credit and managing their finances.

The partnership between KIMA and Mastercard represents a significant milestone in the evolution of decentralized finance, as it brings together traditional financial infrastructure with emerging blockchain technology. By leveraging DeFi protocols and smart contracts, the project seeks to revolutionize the way credit cards are issued, managed, and utilized.

The DeFi credit card project promises to offer users a range of benefits, including enhanced security, transparency, and accessibility. Through decentralized governance mechanisms, users can enjoy greater control over their funds and participate in decision-making processes related to the operation of the credit card platform.

One of the key features of the DeFi credit card project is its integration with KIMA’s advanced financial technology solutions. KIMA, known for its expertise in blockchain-based finance and digital asset management, brings valuable insights and capabilities to the partnership, complementing Mastercard’s global reach and industry experience.

The project is expected to unlock new opportunities for individuals and businesses seeking alternative financial services, particularly in regions with limited access to traditional banking infrastructure. By harnessing the power of decentralized networks, the DeFi credit card project aims to democratize access to credit and empower underserved communities around the world.

The announcement of the collaboration between KIMA and Mastercard has generated excitement and anticipation within the FinTech and blockchain communities. As the project progresses, stakeholders will be closely monitoring its development and impact on the broader financial ecosystem.

In summary, the partnership between KIMA and Mastercard to launch a DeFi credit card project represents a significant step forward in the convergence of traditional finance and decentralized technologies. By combining their expertise and resources, the two companies aim to unlock new opportunities for innovation and financial inclusion, paving the way for a more accessible and equitable financial future.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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