This week, the DeFi and crypto world once again provided plenty to think about. In this article, we review the main events of recent days, including the release of new cards by Visa and FV Bank, Immutable's position regarding SEC claims, and Reddit's decision to sell its crypto assets.
Visa and FV Bank's New Cards: Bridging Crypto and Fiat
FV Bank and Visa have launched new debit and corporate expense cards, enabling users to spend both USD and cryptocurrencies like Bitcoin and Ethereum at Visa-supported locations worldwide. The announcement was made at the Money 20/20 conference in Las Vegas.
Immutable Responds to SEC Notice: IMX Token Not a Security
Blockchain gaming platform Immutable faces potential SEC enforcement for alleged securities violations involving its IMX token sales in 2021. Immutable plans to contest the SEC's claims.
Reddit Sells Majority of Crypto Portfolio
Reddit Inc. revealed in a recent SEC filing that it sold most of its cryptocurrency holdings, primarily Bitcoin and Ethereum, netting nearly $6.9 million in Q3 2024. This decision was motivated by the company's effort to bolster its financial reserves.
This week's DeFi and crypto industry continued to be in the spotlight with numerous significant events. From groundbreaking solutions by Visa and FV Bank to regulation and company strategies, it's fascinating to watch the industry adapt to changes.
