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Yesterday, Mastercard announced that it has partnered with Bakkt to bring crypto payments to the masses. Now any bank or financial institution can issue a crypto payment card on Mastercard's vast network, and users can spend crypto at merchants that accept Mastercard. This is another sign of custodians & exchanges acting as a form of "Layer 3" solution to further help scale transactions. Bakkt's stock was up over 400% on Monday following the news.
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June 27, 2022
Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
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Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!
June 22, 2022
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