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Payments giant PayPal is further embracing the cryptocurrency market by introducing a new feature for its popular mobile payment service, Venmo Payments behemoth PayPal is expanding its cryptocurrency services for Venmo users, introducing a new feature that allows customers to transfer cryptocurrencies. Venmo, a mobile payment service owned by PayPal, has become a popular platform for peer-to-peer transactions, and this new feature aims to provide users with more flexibility in managing their digital assets. Transferring cryptocurrencies on Venmo will be a straightforward process. Users can navigate to the Crypto tab within the Venmo app, view their coin balances, and choose…
As the hype builds for the NFL Draft 2023, football enthusiasts eagerly anticipate the league’s latest crop of superstar athletes. However, this year, the NFL’s is doing things differently. Besides premiering some of the best prospects in the country, the NFL has another exciting debut in-store – its first officially licensed NFT game, NFL Rivals. NFL NFTs Kickoff in Web3 On Wednesday, April 26, Mythical Games, developer of the first NFL-licensed NFT game, launched early access to its fantasy football game NFL’s Rivals on Apple’s iOS App Store and Google’s Android Play Store. NFL’s Rivals is the first of its…
Comparing Bitcoin’s Lightning Network to legacy credit card processing makes it clear that Lightning settles payments much more efficiently and affordably. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The traditional use of the Bitcoin network for on-chain settlement is extremely efficient by settling transactions approximately every 10 minutes. Bitcoin might be most closely related to the Fedwire Funds Service which only settles about 200 million transactions per…
CertiK has attributed the over $1.82 million loss suffered by zkSync-based decentralized exchange, MerlinDEX, to a private key management issue rather than an exploit by bad actors. CertiK conducted an audit on MerlinDEX’s smart contracts before the incident. MerlinDEX, a zkSync-based platform is the latest decentralized finance protocol to lose the funds in its liquidity pool. The decentralized exchange (DEX) lost over $1.82 million during the early hours of April 26. So far, there have been conflicting reports concerning the exact cause of the asset loss, with the blockchain security firm, CertiK, which recently audited the project’s code, claiming that…
Money is crucial to regulating our lives and economies. Here’s an essential guide to understanding money and its role in today’s economic system. What Is Money? Why Do We Need Money? Money is necessary for a society that wants to trade, as it facilitates exchange and allows us to meet our basic survival needs — like shelter, food and clothing — and enables us to live within specific security and safety standards. Without the invention of money, people would still be using barter or keeping ledgers of credit and debt. Barter works well when the needs and supplies of two…
Wrapped beacon ethereum (WBETH) is now available on the ETH Staking service at Binance, the largest cryptocurrency exchange in the world. To ensure that users are eligible to collect the matching ETH staking incentives accumulated, DeFi has created a new liquid staking token that may be used in projects outside of Binance. Binance will begin using the new name for ETH Staking, formerly known as ETH 2.0 staking. Token holders may convert their BETH to WBETH and unwrap their WBETH to BETH on the ETH Staking website at no cost. Introducing Wrapped Beacon ETH (WBETH) on #Binance ETH Staking, available…
BitPay has provided numerous avenues through which investors can seamlessly purchase gold with Shiba Inu and other cryptocurrencies. BitPay is committed to offering investors opportunities to make everyday purchases with Shiba Inu and other digital assets. The renowned payment service provider has recently unveiled various methods for investors to buy gold using SHIB and other crypto assets, thereby expanding their options. BitPay disclosed this in a recent tweet, noting that the payment avenues will give investors an opportunity to purchase the precious metal from any reputable dealer using cryptocurrencies. Turn your crypto into gold 🏆 BitPay lets you buy gold…
United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country. Dubbed Gemini Foundation, the offshore division will offer services to users based in Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, British Virgin Islands, Bhutan, Brazil, Cayman Islands, Chile, Egypt, El Salvador, Guernsey, Israel, Jersey, New Zealand, Nigeria, Panama, Peru, Philippines, Saint Lucia, Saint Vincent & Grenadine, South Africa, South Korea, Switzerland, Thailand, Turkey, Uruguay, and Vietnam. It will not offer services for customers in the…
As the blockchain industry matures, the prospect of launching a professional career in cryptocurrency and digital assets is becoming more and more appealing. Blockchain university courses might help you secure top crypto jobs, like being a blockchain developer or smart contract engineer. Roles like these are gaining popularity due to the innovation on display and attractive salaries. While some blockchain fundamentals are relatively easy to pick up, it cannot be denied that advanced cryptography and computer science are complicated fields of research that require time and dedication to comprehend fully. In this article, we’ll be going through a list of…
Elon Musk’s crypto influence cannot be overstated. Formerly the world’s richest man, Musk’s tweets habitually make waves throughout the cryptocurrency market. His whimsical musings have caused spectacular pumps and dumps in everything from meme coins like Dogecoin (DOGE) up to Bitcoin (BTC) itself. Some internet sleuths speculate that the Tesla and SpaceX CEO might even be moonlighting as Satoshi Nakamoto, Bitcoin’s mysterious founder. This would add yet another layer to Elon’s impressive resume, which includes co-chairing at OpenAI, the company responsible for ChatGPT. Despite being worshipped as something less than a deity within the blockchain industry, the eccentric billionaire has…