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Mastercard’s crypto credentials P2P pilot program goes live

Mastercard is taking a significant step in the digital currency space with the launch of its Crypto Credential initiative and a new peer-to-peer (P2P) pilot program. This move aims to enhance the security, efficiency, and scalability of cryptocurrency transactions.

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Mastercard is taking a significant step in the digital currency space with the launch of its Crypto Credential initiative and a new peer-to-peer (P2P) pilot program. This move aims to enhance the security, efficiency, and scalability of cryptocurrency transactions.

The Mastercard Crypto Credential is designed to establish a set of common standards and infrastructure for verifying interactions within the blockchain ecosystem. By implementing these credentials, Mastercard intends to streamline and secure digital transactions, making them more reliable for businesses and consumers.

In conjunction with this initiative, Mastercard has introduced a P2P pilot program to explore the potential of direct cryptocurrency transfers between individuals. This pilot will leverage the Crypto Credential framework to ensure that P2P transactions are secure, compliant, and seamless.

Raj Dhamodharan, Mastercard’s Executive Vice President of Blockchain and Digital Assets, highlighted the importance of this development. “The Mastercard Crypto Credential and P2P pilot program represent a crucial step in building a trusted and scalable framework for digital currency transactions. Our goal is to provide consumers and businesses with a secure and efficient way to engage with cryptocurrencies,” he said.

The P2P pilot program will initially focus on transfers between users in select markets, with plans to expand based on the results and feedback from the initial phase. By integrating the Crypto Credential, Mastercard aims to mitigate risks such as fraud and ensure compliance with regulatory requirements.

Mastercard’s move comes at a time when the adoption of digital currencies is rapidly increasing, and there is a growing need for standardized and secure methods of transaction. The company is positioning itself as a leader in this space by offering solutions that enhance the usability and trustworthiness of cryptocurrencies.

The launch of the Crypto Credential and P2P pilot program is expected to pave the way for broader acceptance and integration of digital currencies into mainstream financial systems. Mastercard’s proactive approach in setting standards and exploring innovative use cases demonstrates its commitment to driving the future of digital finance.

As the program progresses, Mastercard will work closely with partners and stakeholders to refine and expand its offerings, ensuring that the solutions meet the evolving needs of the digital economy. This initiative underscores Mastercard’s dedication to fostering innovation and security in the rapidly changing landscape of digital payments.

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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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