ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles; Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System

Bitcoin’s (BTC) recent surge in buying pressure has attracted a significant inflow of capital amidst the chaos in the banking system, giving the asset an upward momentum and elevating its rank higher among investment products. 

In partnership with Austrian fintech unicorn Bitpanda, Visa’s partners will gain the opportunity to access Bitpanda’s comprehensive investment infrastructure solutions.

While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data.

Gate Group, the parent company behind crypto exchange Gate.io, plans to launch a Gate Visa crypto debit card through its Lithuana-based company, Gate Global UAB.

Visa remains committed to its crypto strategy, a company spokesperson told The Block, despite the hammering digital assets have taken in recent months.

He says Visa continues to partner with crypto companies to improve fiat on and off ramps as well as progress on our product roadmap to build new products

Payments company Visa has said it is not slowing down with its cryptocurrency plans—despite news reports hinting otherwise amid a brutal bear market. 

Despite making multiple advances in opening their business toward the cryptocurrency sector, payment giants Visa (NYSE: V) and Mastercard (NYSE: MA) have decided to put on hold their further venturing into the sector due to fears over its stability.

Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters.