Zebec crypto extends rally on Algorand integration into Zebec Cards and payroll ecosystem

2025/07/22 20:28

Zebec crypto surged to a $0.0045 intraday high, likely driven by the integration of Algorand, which now allows ALGO tokens to be spent globally through Zebec Cards.

Zebec Network (ZBCN) price extended its rally today, reaching an intraday high of $0.0045 after closing at $0.0042 yesterday, which marked a clean breakout from the $0.00310-$0.00380 consolidation range that had capped the price action for almost three weeks. The price has now confirmed a shift in market structure, forming a higher high following the higher low established on July 18 at around $0.0028.

The potential catalyst was likely the team’s announcement that Zebec is integrating its payment technology with the Algorand (ALGO) ecosystem, enabling ALGO to be used across its card and payroll tools. The integration allows ALGO holders to spend their tokens anywhere Mastercard is accepted through Zebec Cards.

“Algorand’s security and ISO 20022 readiness set the standard for real-world crypto payments,” explained the team.

Zebec Network’s expanding integrations with multiple blockchains and the addition of new tokens has continued to drive strong performance for Zebec Cards. Just yesterday, the team reported $52 million in rolling 4-week transaction volume processed through Zebec Cards — a 7% increase — and nearly 11,900 cards issued across 97 countries.

The integration of ScienceCard, which was acquired by Zebec Network earlier this year, further contributed to this growth as it facilitated the conversion of ScienceCardUK users into the Zebec Cards ecosystem.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin Miner Mawson Fires CEO, Files Fraud Lawsuit – What’s Going On?

Bitcoin Miner Mawson Fires CEO, Files Fraud Lawsuit – What’s Going On?

Key Takeaways: Mewawalla’s dismissal follows broader scrutiny of executive pay practices in crypto infrastructure firms. The lawsuit marks Mawson’s second major legal dispute in 2025, both linked to operational asset control. Canaan’s ongoing expansion at Mawson’s site continues despite parallel litigation. Bitcoin miner Mawson Infrastructure has fired its CEO and President, Rahul Mewawalla, for cause, accusing him of breaching fiduciary duties and engaging in fraud. According to TheMinerMag , the board placed Mewawalla on administrative leave shortly after notifying him of potential termination on May 30. By July 8, his removal became official. Bitcoin Miner Mawson Sues Ex-CEO Mawson has also filed a lawsuit in Delaware’s Court of Chancery seeking damages and the return of compensation awarded earlier this year. In February, the board approved a $2.5 million cash bonus, 1.2 million restricted stock units, and a salary increase to $1.2 million for Mewawalla. The company cited “high-performing” leadership in that announcement. In a July 17 letter to Mawson’s board, Mewawalla disputed the accusations, stating he “respectfully and vigorously” disagreed with the company’s account. He referred to the board’s own prior filings, which credited him with 36% revenue growth and improved gross margins during his tenure. The company named General Counsel Kaliste Saloom as interim CEO. Mewawalla’s board seat has also been revoked. The lawsuit filed against Mewawalla has not yet been made public, and the company has not released further details about the specific misconduct alleged. Mewawalla has not publicly responded beyond his letter to the board. 🔋 AI firms are now using excess data center power to mine Bitcoin, helping to stabilize grids and improve energy efficiency. #Bitcoin #Mining #AI #RenewableEnergy https://t.co/8ZnTfdRETq — Cryptonews.com (@cryptonews) July 11, 2025 Second Legal Dispute in 2025 The complaint marks the second major legal dispute involving Mawson this year. In March, NYDIG’s parent company, Stone Ridge, and its mining subsidiary, Consensus Colocation, sued Mawson for allegedly taking control of 20,000 ASIC miners worth $30 million hosted at a facility in Midland, Pennsylvania. Mawson has since signed a new agreement with Canaan to host over 17,000 new units at the same Midland site. The three-year deal includes approximately 64 megawatts of capacity and supports Canaan’s 4.7 EH/s hashrate expansion in North America. The leadership change comes as the mining firm seeks to stabilize operations and attract partners in a competitive colocation market. Pending legal outcomes may influence future contractual relationships and financing terms. The incident reveals ongoing governance challenges in the crypto mining sector, where executive pay and accountability remain under heightened scrutiny. Boards may face increased pressure to justify incentive structures and enforce oversight mechanisms in such a volatile environment. Frequently Asked Questions (FAQs) What role does fiduciary duty play in crypto-native firms with hybrid operational models? In companies operating both infrastructure and financial services, fiduciary obligations may cover both traditional shareholders and tokenholders, adding complexity to governance enforcement and dispute resolution. How might this affect Mawson’s ability to secure future equipment or hosting partnerships? Ongoing legal disputes and leadership changes can raise counterparty risk concerns. Equipment manufacturers and hosting partners may renegotiate terms or delay new agreements pending resolution. Could regulatory agencies get involved? While the current proceedings are civil, if fraud is substantiated, state or federal regulators may initiate separate enforcement action depending on the facts.
Share
CryptoNews2025/07/23 00:48