Mastercard Secures New York BitLicense to Accelerate Digital Asset Expansion

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Regulatory Approval: Mastercard's US transaction services division has received a BitLicense from the New York Department of Financial Services, enabling legal operation of digital asset services, particularly focusing on stablecoins and tokenized deposits, marking a significant step in compliant innovation under stringent regulatory frameworks.
Acquisition Plans: Mastercard plans to acquire stablecoin infrastructure provider BVNK for up to $1.8 billion, including up to $300 million in performance-linked payments, with closing expected later this year, further strengthening its position in the digital asset space.
Cross-Border Transaction Milestone: Mastercard successfully executed its inaugural cross-border US Treasury transaction using the XRP Ledger, demonstrating its commitment to tokenized financial instruments and laying the groundwork for future international payment solutions.
Partnership Initiatives: Mastercard has partnered with Chainlink to enable its 3.5 billion cardholders to purchase cryptocurrency online, further expanding its digital asset ecosystem, and has launched a crypto payment card specifically for New York residents through MetaMask, enhancing user experience.

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Technical Analysis for STRK

Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Starknet (STRK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0257	0.0308	0.0356	0.0407	0.0455	0.0506	0.0554
Fibonacci	0.0308	0.0346	0.0369	0.0407	0.0445	0.0468	0.0506

About STRK

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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