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After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency to Paypal Users, External Accounts, and Exchanges On April 28, the payments services company Paypal announced that Venmo’s 60 million customers can now enjoy cryptocurrency transfers. The rollout follows Paypal’s crypto transfer launch last summer after initially introducing the product without the ability to transfer to external accounts. Similarly, up until now, Venmo only allowed its customers to buy, hold, and sell after integrating crypto in 2021. “Crypto transfers will be rolling out to Venmo customers over the coming weeks starting in May 2023,” Paypal said on Friday. In a bid to gather more insights into the behav

The Solana price prediction shows that SOL heads toward the upper boundary of the channel as the coin touches the $23.35 level. Solana Prediction Statistics Data: Solana price now – $23.18 Solana market cap – $9.1 billion Solana circulating supply – 393 million Solana total supply – 539.3 million Solana Coinmarketcap ranking – #10 SOL/USD Market Key Levels: Resistance levels: $30, $32, $34 Support levels: $17, $15, $13 SOLUSD – Daily Chart SOL/USD is currently trading at $23.18 after touching the daily low of $22.19 and it is likely to head toward the upper boundary of the channel. However, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the market price could rally toward the upside. Solana Price Prediction: Solana Gets Ready for Upward Movement According to the daily chart, the Solana price is moving close to the resistance level of $25 as the coin prepares to create an additional gain. The technical indicator Relative Strength In

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. In Venezuela, humor plays an important role, either as a form of protest or a way to make sense of reality.  In November 2021, humor and nonfungible Tokens (NFTs) were combined with the launch of the Comedy Monsters Club (CMC) project. The project was led by Roberto Cardoso, better known by his former stage name “Bobby Comedia,” and co-founded with brothers José David Roa and David Roa. The project was advertised as the only comedy club to use NFT collectibles as membership. However, the hype would quickly turn to confusion for the project’s investors. An enticing narrative Comedy Monsters reached the NFT-curious Latin American audience through the well-known Venezuelan comedians. Cardoso and his co-founders appeared in publications like Forbes Mexico and on popular shows and comedy podcasts such as Nos Reiremos de Esto and Escuela de Nada . Lis

Salame Was Among SBF’s Close Aids Salame, who oversaw FTX’s Bahamian branch, was a trusted advisor to FTX founder Sam Bankman-Fried until the company filed for bankruptcy in December. Salame has been the subject of extreme scrutiny because of the $24 million he donated to political candidates in last year’s midterm elections. advertisement Read More: Coinbase CEO Hits Back At U.S. SEC, Says “Coinbase Does Not List Securities” Data suggests Salame was one of the top political donors in the United States after contributing millions of dollars to predominantly Republican candidates and causes. The federal authorities have asserted, in documents filed with the court, that the majority of the $90 million which was donated to political candidates by a small group of former FTX employees, including Mr. Salame, was stolen from consumers of the exchange. Reason For Raid Remains Unknown The World’s first l

Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% target “in a timely manner.” Leaving Interest Rate at Current Level Would Be ‘Inappropriate’ Despite Falling Inflation, Lane Says Inflation in the euro area has dropped significantly between October, when it peaked at 10.6%, and March’s 6.9%. Nevertheless, the most important goal for its central bank is to make sure that it gets closer to 2%, Chief Economist of the ECB Philip Lane told Le Monde in a recent interview published by the bank on Tuesday. While easing in some sectors, such as energy, inflationary pressures persist in others, like food, the top official noted, warning there’s a risk of “sticky” inflation. This is why it’s important that the ECB raises i

Meme coins such as Dogecoin, Shiba Inu, and Baby Doge have gained attention from crypto investors. While Dogecoin provided the initial momentum for the meme coin movement, others followed suit. During the 2021 bull market, Baby Doge Coin garnered significant popularity. However, 2022 was a challenging year for all coins, including meme coins. Although Dogecoin and Shiba Inu are currently dominant in the meme coin space, Baby Doge is striving to demonstrate that it is a close contender. Also read: Solana: Phantom Wallet Now Supports Ethereum and Polygon Chains Baby Doge was recently listed on KuCoin, and they also unveiled the launch of their virtual crypto card that will go live on May 4. In one of their latest announcements, they announced a new integration with Trust Wallet. New integration with @TrustWallet ! Now users can swap #BabyDoge directly within the trust wallet swap ! pic.twitter.com/wrAPeIps0X — Baby Doge (@BabyDogeCoin) April 26, 2023 Baby Doge c

Apr 26, 2023 at 08:34 // News Author Nina Lyon Zimbabwean authorities have decided to introduce a new digital currency that will be backed by gold. The new central bank digital currency (CBDC) can be used as a means of payment within the country and to maintain its stability. According to the head of the African country's central bank, John Mangudya, the main goal of such a move is to stop the devaluation of the national currency. This move will allow citizens to exchange Zimbabwe dollars into digital tokens and thus stop the risks of currency devaluation.

Join Our Telegram channel to stay up to date on breaking news coverage Arbitrum is an Ethereum Layer 2 scaling solution that supports smart contracts and decentralized apps (dApps). It outperforms the Ethereum mainnet in terms of transaction speed, costs, and scalability. On the other hand, DeeLance is a decentralized network that links freelancers and customers, providing a safe and efficient way for them to collaborate. It runs on the Ethereum blockchain, which ensures transparency and immutability. We’ll discuss how you should keep an eye on the ‘DeeLance’ project if you wish to book some gains in the coming times! Arbitrum: What is it and How Does it Work? As mentioned earlier, Arbitrum is a Layer 2 scaling solution that processes transactions off-chain, decreasing the burden on the Ethereum mainnet. More transactions can be handled at once with optimistic roll ups, leading to faster speeds and lower fees. As a result, dApps operating on Arbitrum will be more scalable an

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities and Exchange Commission (SEC) against Kwon, the South Korean court has determined that LUNC is not a security, further clarifying its position in the matter. Seoul Southern District Court Says LUNC Is Not a Security In its recent ruling, the Seoul Southern District Court noted that it finds it challenging to perceive LUNC as a financial investment product regulated by the Capital Markets Act. The court further explained that the South Korean officials from the Seoul prosecutors office cannot seize Terra co-founder Daniel Shin’s cryptocurrency assets. These findings may come as a relief to Kwon, who is currently in custody in Montenegro after being charged b

ADA price Prediction: On April 13th, the Cardano coin price gave a massive breakout from the resistance trendline of an inverted head and shoulder pattern. This breakout was supposed to accelerate the buying pressure for a  further rally but amid the recent sell-off in the crypto market, the buyers couldn’t sustain above the breached trendline. Thus, the coin price plunge below the trendline and $0.4 has created a bull trap scenario which could force liquidation of the hasty buyers with a narrow stop loss and bring more selling orders into the market. advertisement Key Points:  A V-top reversal in Cardano price reflects aggressive selling among market participants. To absorb the rising buying the ADA price may pullback to $0.4 before the correction phase continues The intraday trading volume in the ADA coin is $250.5 Million, indicating a 25% loss Source- Tradingview The Cardano price has witnessed significant correction since la

According to the data on Puppyscan, the number of wallets for Shiba Inu’s (SHIB) Shibarium testnet has surpassed 14 million. At press time, the number of wallets on Puppynet stands at 14.06 million. However, it should be noted that the increase in new wallets has significantly decreased in the last couple of days. Since Thursday, only 100,000 new wallets were created. Source: puppyscan.shib.io The decrease is likely due to the fact that the initial spike in new wallets was because of a script to stress test the Shibarium network. The stress test script is responsible for creating about 9 million wallets. Nonetheless, Shiba Inu’s upcoming network has reached a new all-time high in regard to wallet addresses. Shiba Inu adoption to increase with new listings and partnerships? Recently, Binance said that it has partnered with an international payment company called IvendPay. According to the statement, the collaboration would allow Binance Pay users to make purchases from IvendPay’s g

Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent AI-driven crypto projects have all suffered double-digit losses, ranging from 10% to 29.58%, against the U.S. dollar over the last 30 days. Interest in the Combination of Crypto and Artificial Intelligence Has Declined, Crypto-AI Token Economy Sheds $730M Various data points suggest that interest in and value of crypto-AI projects has waned. Global search trends for “crypto ai” peaked in early February 2023, with a Google Trends’ score of 100. Despite the rise, over the past 90 days, the score has slumped to a low of 22. Slovenia, the Netherlands, Cyprus, Lebanon, and Nigeria make up the top five countries interested in “crypto ai” searches at present. Global search trends according to Googl

Glassnode data demonstrates that the Lightning Network outcompetes traditional payment networks in terms of commission costs. Fresh data from Glassnode demonstrates that Bitcoin's (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors.  James Check, lead analyst at Glassnode, told Cointelegraph that the median fee rate, or the fee charged per 1 BTC sent across the Lightning Network, is currently 3,000 Satoshis (the smallest unit of Bitcoin). That is “equivalent to $0.84 to send $28,800 worth of value [...] which is a fee of 0.0029%.” “Pretty remarkable when you think about it.” In a post on the Nostr social media protocol, Bitcoin analyst Dylan LeClair noted that this rate is many times less than that charged by major credit card companies.  The Lightning Network, a layer-2 Payments soluti

A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes, and transactions made with these precious metals will not result in tax duties. Arkansas Embraces Gold and Silver as Legal Tender The state of Arkansas has moved to make gold and silver function as legal tender in its territories. The “Arkansas Legal Tender Act,” signed by Arkansas Governor Sarah Huckabee Sanders on April 11, explicitly mentions that gold and silver “specie” (meaning any kind of bullion or coin containing these materials) can be used to pay for debts. The act also specifies that “specie or legal tender shall not be characterized as personal property for taxation or regulatory purposes,” and that “the purchase, sale, or exchange of any type or form of specie shall not give rise to any tax liabil

In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa and Seychelles Accounted for More Than 80% of Funds Raised According to the latest CVVC Africa Blockchain funding report, blockchain businesses from the continent raised $474 million in 2022, a year-on-year funding increase of 429%. The report states the continent’s 2022 total blockchain funding was realized from some 29 deals, about four more than the 25 that were sealed in 2021. Source: CVVC Africa Blockchain Report 2022. Regarding individual countries with the biggest share of the total funding, the report showed that South Africa (37.3%) and Seychelles (43.9%) alone received more than 80% of the total. Nigeria, which accounted for the seco

- Advertisement - Phishing Alert! PeckShieldAlert Warns of Fake Pepe Coin Twitter Account and Website. - Advertisement - PeckShieldAlert, a top blockchain security company, has issued an urgent warning regarding a phishing site and a fake Twitter account related to the newly emerged Pepe ( PEPE ) meme coin. The company has confirmed that the Twitter account username (@ PEPE coineth_) is fraudulent, and a link, “ PEPE coin.vip” is a phishing website. #PeckShieldAlert #phishing PEPE coin[.]vip is a phishing site. @ PEPE coineth_ is a forged # PEPE Twitter account, not the real one. Scammers have already grabbed 3.56B $ PEPE . Do *NOT* fall prey to it!https://t.co/lyV9C0GYqJ pic.twitter.com/jspxLIZGke — PeckShieldAlert (@PeckShieldAlert) April 19, 2023 Worryingly, the fake Twitter account has already gained over 11.8K followers, who are now vulnerable to a scam. Reports indicate that scammers have stolen 3.56 billion PEPE , through two separate transactions. This news comes just da