News of the cryptocurrency market:Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.Cryptocurrencies like Bitcoin (BTC) aren’t really easy to spend in day-to-day life, mainly because retailers prefer to stay away from crypto’s volatility. In order to build a bridge between traditional finance and emergent assets like Bitcoin, a Swiss crypto startup called Eidoo has introduced a new Visa crypto debit card that uses regulated stablecoins for crypto-to-fiat conversion.
The so-called Eidoo Card has been approved for operation by payment giant Visa. Announcing the news on May 25, Eidoo told Cointelegraph that its new card will enable 40 million Visa merchants to accept crypto-derived fiat currencies, including the British pound (GBP) and euro (EUR).
Daejeon University is the latest in a series of South Korean universities redesigning portions of its finance and technology departments. The university made an official announcement on May 25 that it would open a new fintech department called “Future Convergence.”According to the announcement published by Daejeon Journal, the curriculum will consist of topics such as smart health care, smart city, smart factory, and various employment fields in the medical institutions by implementing blockchain technology.
Universities in South Korea are boosting educational programming related to blockchain, big data, and artificial intelligence amid the country’s crisis of college graduates who are struggling to find jobs. Daejong’s new fintech department expects that work done there will foster “talents for the 4th industrial revolution.”
The price of Bitcoin dropped to $8,800 over the weekend and data shows miners and retail investors led the correction.On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.
The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend.
According to data, miners, exchanges and retail investors may have led to the decline in the price of Bitcoin over the past three days.
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