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Visa, Plaid abandon billion-dollar acquisition plans in face of U.S. government opposition

Visa, Plaid abandon billion-dollar acquisition plans in face of U.S. government opposition

Visa’s bid to acquire and merge with fintech unicorn Plaid has come to an end.

The post Visa, Plaid abandon billion-dollar acquisition plans in face of U.S. government opposition appeared first on The Block.

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Visa and Plaid Abandon Acquisition Plans Over DOJ Antitrust Concerns

The Department of Justice announced Tuesday that the $5.3 billion deal was off.

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Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

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Market Wrap: Bitcoin Hovers Around $34.2K While Options Traders Pay Up for Possible ETH Upside

Bitcoin’s price has ridden a roller coaster on lower spot volume while options traders are ready to bet on ether FOMO.

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Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks

Brooks penned an oped for the Financial Times arguing regulators need to come up with regulation that sets restrictions for technology itself rather than the people who operate it.

The post Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks appeared first on The Block.

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How the OCC Is Building Crypto America (and Saving Banks From Extinction)

Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.

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CEX, Lies and Videotape: Binance Accuses Rivals of Fighting Dirty

A bogus video on Chinese social media has intensified a long-standing feud involving Binance, Huobi and OKEx.

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Gensler Said to Be Named SEC Chairman: Reuters

Gensler has testified before Congress about cryptocurrency and blockchain on multiple occasions.

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Is China Poised to Nationalize Alibaba?

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.

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Former CFTC chair Gary Gensler to be named head of SEC by Joe Biden: report

Gary Gensler, the former Obama-era chairman of the Commodity Futures Trading Commission, is reportedly set to be named as chairman of the Securities and Exchange Commission for the incoming Biden administration.

The post Former CFTC chair Gary Gensler to be named head of SEC by Joe Biden: report appeared first on The Block.

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