Category: Cryptocurrency news

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Bitcoin Bitcoin Wallet Cryptocurrency news

Coinbase Wallet Launches Global Money Transfers with Link-Based Payments

Coinbase has introduced a new feature to its wallet service, streamlining international fund transfers. This new update aims to make transferring funds as easy as sending a text message.

Coinbase Introduces Link-Based Money Transfer Service

Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users to transfer money through multiple channels, including widely used messaging and social media apps, by simply sharing a link.

Announced on Tuesday, Coinbase explained that this feature avoids the need for complex banking details and costly electronic transactions, offering free, immediate settlements. The update includes compatibility with various social networks and messaging applications such as Whatsapp, Instagram, Tiktok, Facebook, Telegram, Snapchat and also via email.

Basically, the service works on any platform capable of sharing a link. Coinbase clarified that if the recipient does not claim the funds within two weeks, it will automatically revert them back to the sender. Coinbase’s new payment method is similar to those offered by large payment companies such as Paypal and Stripe.

Paypal facilitates link-based transactions through a service called Paypal.me. In this service, people can generate a personalized link to request payments directly to their Paypal account. The Paypal feature can be used for cryptographic payments associated with the selected digital assets it supports.

Aimed at both novice and experienced users, Coinbase has also implemented a “simple mode” in its non-custodial wallet. This feature focuses on basic functionalities such as buying, sending, receiving, and protecting digital currencies.

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Bitcoin Wallet Cryptocurrency news

Coinbase launches crypto transfers via links sent on WhatsApp and Telegram

Recipients must download a Coinbase wallet to receive the funds, but the exchange says it has simplified the process for less tech-savvy users.

A new Coinbase Wallet feature allows the transfer of cryptocurrency through a link that can be sent through some of the most popular social media sites and messaging apps, as the cryptocurrency exchange looks to make its service accessible to a broader market.

“Users can now send money on any platform where they can share a link,” Coinbase said in December.

There is no payment fee when sending USD Coin (USDC), a US security.

   Send money anywhere you can send a link.

   Easily. Free.

   ⤷ https://t.co/CKyLu1wYEw pic.twitter.com/XX9YaZZEPm
   – Coinbase Wallet ️ (@CoinbaseWallet) December 5, 2023

Clicking the link will take the recipient to their device’s app store to download Coinbase Wallet, if they haven’t already, where they can create a wallet with a single click, Coinbase noted.

If funds are not claimed within two weeks, they will be returned to the sender.

Coinbase has also created a “simple mode” for its wallet to help new and less tech-savvy users, which only displays basic functions such as buying, sending, receiving, and viewing assets.
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Bitcoin Wallet Cryptocurrency news

Trust Wallet and Alchemy Pay Partner for Seamless Crypto Solutions

PRESS RELEASE. Alchemy Pay, a leading provider of fiat and crypto payments solutions, announced a new partnership with Trust Wallet, the leading self-custody and multi-chain wallet with over 70 million users, allowing users to easily buy and sell cryptocurrencies with multiple payments fiduciaries within Trust Wallet. directly.

The integration allows users to have more inbound and outbound solutions, accelerating web3 adoption and lowering the barrier to entry for retail users. Trust Wallet users can now easily convert between cryptocurrency and fiat using multiple local and international payment methods, with over 30 fiat currencies and 10 million cryptocurrencies on over 100 supported blockchains.

“Alchemy Pay is very proud to partner with Trust Wallet, a leading crypto wallet, to provide comprehensive inbound and outbound support to a global community of users. Our unwavering commitment is to facilitate a seamless, compliant and secure user onboarding process on both the fiat on-ramp and crypto off-ramp,” said Robert McCracken, Alchemy Pay Ecosystem Lead.

Nate Zou, Product Lead at Trust Wallet, stated: “We are excited to offer more fiat solutions to our users working with Alchemy Pay, making cryptocurrencies more accessible than ever. “This opens up new purchasing options for our global user base and introduces lower fees and more convenient payment methods, while maintaining full ownership of your assets.”

Alchemy Pay specializes in providing solutions that enable Web3 and cryptocurrency services to access fiat payment options, thereby improving their accessibility to a broader audience. Leveraging its extensive network of global remittance companies and acquirers, Alchemy Pay currently supports impressive coverage of over 300 fiat payment channels spanning 173 countries.

Alchemy Pay’s main focus and advantageous areas are in emerging markets such as Southeast Asia and Latin America. In particular, it has successfully integrated with widely used local e-wallets such as GCash (with 60 million users) and Maya (50 million users) in the Philippines, OVO (92 million users) and Dana (115 million users) in Indonesia, Touch ‘n Go in Malaysia (17.8 million users), Pix in Brazil (116 million users) and others.

In its quest to expand its service portfolio, improve transaction success rates, and optimize operational efficiency, Alchemy Pay is actively seeking licenses in several countries and regions, including the United States, Canada, Indonesia, and Lithuania. Over the past three months, Alchemy Pay has scored a series of victories by securing money transmission licenses in Arkansas and Iowa to demonstrate its capabilities. Additionally, it has future plans to achieve regulatory compliance in Hong Kong, the United Kingdom and the United States. Alchemy Pay is also currently the official payment services provider for Visa and Mastercard, ensuring secure and compliant processes for inbound and outbound transactions.

About Alquimia Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects cryptocurrencies with traditional fiat currencies for businesses, developers, and end users. With its On & Off-Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, Alchemy Pay supports payments in 173 countries.

Rampa is a complete solution for buying and selling cryptocurrencies and fiat currency, easily integrated into platforms and dApps as per requirements. NFT Checkout allows direct NFT purchases using fiat payment methods. The Crypto Card solution enables businesses and token issuers to provide users with branded physical and virtual cards for instant global spending. ACH is the token of the Alchemy Pay network on the Ethereum blockchain.
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cryptocurrency exchange Cryptocurrency news Ripple Tether

XRP Price Prediction as Correction Trend Stops at $0.57

XRP Price Prediction: Bitcoin price’s continued struggle to break the $38,000 resistance has cast a shadow of uncertainty over the market. This domino effect is noticeable in the price of XRP, which has recently entered a phase of sideways fluctuation. This trend follows the buyer stabilizing at a support level of $0.57. Currently, XRP’s price trajectory is being shaped by a symmetrical triangle pattern, a development that offers insight into its near-term outlook.

Also read: SEC meeting raises hopes for resolution of Ripple-XRP case

Triangle pattern pins recovery at $0.7

   Under the influence of a symmetrical triangle pattern, XRP price may remain sideways for the next week.

   XRP price trading above the 50% Fibonacci retracement level reflects that the overall recovery trend is intact.

   XRP intraday trading volume is $865 million, indicating a 15% loss.

Over the past fortnight, the price of XRP has traded within a limited range bounded by the converging lines of this symmetrical triangle. Notably, the cryptocurrency rebounded from these trend lines twice, underscoring the significant influence this pattern has on market behavior.

With a modest intraday increase of 0.6%, XRP price has recently recovered from the lower boundary of this pattern, now hovering around the $0.606 mark. This bullish reversal is likely to lead to a 3% rally, only to find immediate resistance at the upper boundary of the triangle.

Although bullish resistance could prolong the sideways trend, the converging nature of the pattern would ultimately result in a breakout move. If recent corrections have sufficiently revived bullish momentum, a bullish violation of the triangle’s upper trendline would mark the continuation of an uptrend.

This scenario could increase the value of XRP by 12%, reaching the key threshold of $0.7.

Support trend line maintains long-term uptrend

Although the prevailing trend is bullish, a downward break of the triangle support line could amplify the selling pressure, which could trigger an extended correction phase. In that case, the price of XRP could fall to $0.57 and possibly even further to $0.53. However, a broader perspective reveals a long-term ascending trend line that has consistently provided dynamic support to XRP, presenting buyers with a favorable downside opportunity.

   Exponential Moving Average – XRP price fluctuation around the slope of the 200-day EMA reflects the feeling of indecision among traders.

   Moving Average Convergence and Divergence: A bullish crossover between the MACD and the signal line accentuates the growing buying pressure amid the current correction trend.
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Bitcoin Bitcoin Wallet Cryptocurrency Investment Cryptocurrency news

ProShares Futures Bitcoin ETF Hits ATH on Spot ETF Hype

Amid growing anticipation and excitement surrounding the Bitcoin spot ETF, the ProShares ‘BITO’ BTC Future ETF has reached a new all-time high (ATH).

ProShares Futures BTC ETF performs well

According to a post on X by Bloomberg ETF analyst James Seyffart, ProShares’ BITO is approaching $1.5 billion in total value locked (TVL). This comes just two weeks after Eric Balchunas acknowledged that the product works extremely well. Balchunas highlighted that the ProShares Bitcoin Futures ETF doubled in value in 30 days.

At the time, the popular analyst attributed the rise in value to industry-wide anticipation for the immediate approval of the Bitcoin ETF by the US SEC. A user X pointed out the irony in the relationship between the ProShares Bitcoin Futures ETF and potential BTC spot ETFs.

Once the SEC approves the Bitcoin spot ETF, it will certainly replace products like the ProShares BTC Futures ETF. Spot ETFs allow investors to legally trade the price of BTC without owning a Bitcoin address or privacy keys. This is different from futures, which only mimic the spot price of Bitcoin and offer exposure to the price movements of Bitcoin futures contracts.

Bitcoin ETF approval odds remain at 90%

Optimism regarding the agency’s positive decision continues and has even intensified in recent days. Experts still express optimism about the possibility of a timely approval of the Bitcoin ETF. Balchunas reiterated his earlier prediction that SEC approval is a matter of time.

He boldly stated that the chances of approval remain at 90%, as previously speculated.

The SEC just delayed Franklin Templeton and Hashdex’s Bitcoin ETF applications due to the premise that “the rules of a national securities exchange must be ‘designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors and the public interest’. “

In connection with the delay, the SEC is now seeking public comment on whether Templeton’s application should be approved or disapproved. As the SEC provided the update to Franklin Templeton’s application ahead of the January 1, 2024 deadline, it suggests that the regulator may be streamlining all BTC spot ETF applications for mass approval in January.