Kategorie: Crypto Markets

• Visa said Coinbase users can deposit funds into their Coinbase accounts using eligible Visa debit cards
• The announcement comes as Bitcoin’s price traded near its March all-time high on Tuesday

Coinbase and Visa are teaming up to deliver real-time account funding for customers providing more flexibility in the crypto space.

Available to customers in the US and Europe, the announcement from Visa comes as Bitcoin’s price nearly touched its March all-time high of $73,700 on Tuesday. At the time of publishing, data from CoinMarketCap shows Bitcoin is trading at $72,500.

Through the integration with Visa Direct, Coinbase customers can deposit funds into their Coinbase account using eligible Visa debit cards. According to Visa, the integration gives Coinbase users more flexibility in a “dynamic crypto environment.”

“Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night,” said Yanilsa Gonzalez Ore, Head of Visa Direct, North America for Visa.

On top of the real-time deposits, Coinbase users can cash out money from their Coinbase accounts in real-time with their Visa debit cards.

Expanding its reach

The addition of the real-time deposits adds to Coinbase’s Visa debit card it offers its US-based customers.

In October 2020, the crypto platform announced it was launching its Visa debit card, enabling users to make purchases online and in-store. In addition, users would be able to withdraw ATM cash withdrawals.

The launch of its US Coinbase card followed that of its Coinbase Visa debit card to UK and EU customers in 2019.

Bitcoin ETF inflows

The real-time deposit comes as spot Bitcoin exchange-traded funds (ETFs) saw inflows reaching $827 million yesterday, according to data from CoinGlass.

In a post on X, Bloomberg ETF analyst Eric Balchunas said “FOMO confirmed,” citing data showing BlockRocks IBIT brought in daily Bitcoin inflows reaching nearly $600 million.

FOMO Confirmed (and this is just from Mondays activity. Todays don’t show up in flows till tmrw night) https://t.co/jc0kyHJuqc

— Eric Balchunas (@EricBalchunas) October 30, 2024

Balchunas added, “IBIT not alone – altho by far the most – as all the main BTC ETFs saw elevated volume past two days.”

The post Coinbase and Visa Direct deliver instant funding for EU, US customers appeared first on CoinJournal.

• Ramp Network now supports real-time MXN payouts via the SPEI payment system.
• Users can sell crypto and receive funds in their bank accounts within 30 seconds.
• SPEI offers lower fees and operates 24/7, enhancing crypto-to-fiat transactions in Mexico.

Ramp Network, a leading financial technology company, has announced the expansion of its crypto-to-fiat off-ramp support to include the Mexican Peso (MXN) through the SPEI payment system.

This development allows users in Mexico to receive real-time payouts directly to their local bank accounts, available 24/7.

Ramp Network integrates SPEI

SPEI, or Sistema de Pagos Electrónicos Interbancarios, is a robust real-time payment system that connects all major Mexican banks, enabling swift and secure transfers within seconds.

By integrating SPEI, Ramp Network offers a streamlined solution for Mexican users to sell their cryptocurrencies and instantly convert them into fiat currency, significantly enhancing the user experience.

With Mexico emerging as a key market for Ramp Network, the country ranks 16th globally in the latest Chainalysis crypto adoption index and is among the top 20 nations for crypto transaction volume.

Notably, around 14% of the Mexican population now owns cryptocurrency, and 40% of local companies are exploring blockchain technology integration, indicating a vibrant landscape for fintech innovation.

Szymon Sypniewicz, CEO of Ramp Network, expressed pride in the integration of SPEI, stating, “Now, people in Mexico can convert their crypto into fiat in seconds, with lower fees and reduced friction.”

The service charges a flat fee of just 2.9%, significantly lower than traditional methods, thereby minimizing transaction-related issues and providing a reliable payout option that operates year-round.

Users can easily initiate a transaction by selecting the desired cryptocurrency amount, choosing Mexico as their country, and opting for SPEI as the payout method. After entering their bank details, users can expect to receive MXN in their bank accounts within 30 seconds or less.

As part of its mission to provide localized services in Latin America, Ramp Network plans to further enhance its offerings by introducing SPEI on-ramp transactions in the near future, expanding opportunities for both local Web3 developers and global partners.

The post Ramp Network expands crypto-to-fiat support for real-time MXN payouts via SPEI appeared first on CoinJournal.

• OKX announces partnership with Standard Chartered to offer crypto custody services to institutional clients.
• Standard Chartered has a strong presence in the crypto industry.
• A trading desk and custody solution are among its top solutions.

OKX has partnered with Standard Chartered in a collaboration that will see the banking giant become the crypto exchange’s official third-party crypto custodian.

Specifically, Standard Chartered is now the crypto custodian for OKX’s institutional clients.

We’re challenging the status quo and building for the future.

To enhance our offering, we’ve partnered with @StanChart as our third-party custodian for institutional clients.

More on our commitment to security and innovation in crypto: https://t.co/jFrF5lCnsq pic.twitter.com/FNiAD3U2KW

— OKX (@okx) October 29, 2024

OKX eyes further institutional adoption of crypto

According to OKX chief commercial officer Lennix Lai, the partnership is part of the crypto exchange’s continued evolution into one of the world’s top crypto companies. Standard Chartered will help the exchange offer its institutional customers a platform to securely enter the growing digital assets market.

The partnership allows clients the option of separating their trading from custody, Lai added.

“Our institutional services already include advanced trading features, robust risk management tools, and custody solutions. Adding Standard Chartered to our custody offerings allows us to integrate digital assets more seamlessly into the traditional financial ecosystem, making it easier for institutional players to engage confidently in this space.”

Collaboration with OKX adds to Standard Chartered’s growing footprint in the crypto space. Its recent expansion includes the launch of a digital asset custody solution in the United Arab Emirates. The bank’s crypto custody service allows institutional clients to custody Bitcoin (BTC) and Ethereum (ETH), with more assets to be added.

Notably, Standard Chartered also offers a spot crypto trading desk, and has a footprint in the Ethereum exchange-traded fund market.

The post OKX picks Standard Chartered as its institutional crypto custodian appeared first on CoinJournal.

• Vantard is a new project offering access to an index of the top Solana meme coins.
• The project’s token sale is ongoing, with VTARD attracting a lot of investor attention.
• World Financial Liberty, the project by Donald Trump, recently raised $14 million in a token sale and is eyeing a stablecoin.

World Liberty Financial, the crypto project backed by Donald Trump, is eyeing further traction in the market with a stablecoin venture. Trump has garnered a lot of attention as a pro-crypto candidate, and tokens related to him, including several meme coins, are performing well amid anticipation of his potential election victory in November.

But as traders position with likely gems, a new investment opportunity has surfaced and it’s creating a massive buzz. That project is Vantard (VTARD), the world’s first decentralized meme coin index fund.

World Liberty Financial to launch stablecoin

On Oct. 28, reports indicated that World Liberty Financial, a decentralized finance project that raised $14 million in its WLFI token sale, is looking to launch its own stablecoin. The news comes on the back of Paxos co-founder Rich Teo joining the World Liberty project to help with the said stablecoin’s development.

Paxos itself has launched multiple stablecoins, including the recently unveiled yield-bearing US-pegged token Lift Dollar (USDL).

Stablecoins as an industry is also massive today, with a market cap of over $177 billion. Dominant in the space are Tether’s USDT and Circle’s USDC. However, other players looking to make a mark are PayPal with its PayPal USD (PYUSD) and Ripple with its RLUSD.

World Liberty Financial’s entry also comes amid increased focus on stablecoins, with stringent rules in the EU’s MiCA and elsewhere. The US regulatory space is also focused on proper regulation of the industry, and a potential Trump win could raise issues if he’s to have a voice on legislation likely to have a bearing on the project he launched.

WLFI and the stablecoin launch may therefore be key aspects of the Trump crypto project to watch in coming days and months.

What is Vantard (VTARD)?

Vantard is a new project that seeks to offer a simple investment opportunity for meme coin lovers – particularly Solana based meme coins.

With the SOL meme market currently valued at over $11 billion, there are several top projects likely to explode amid a resurgence for the market. Vantard’s Meme Index Fund offers a basket of the very best of Solana meme coins. This includes blue chips like dogwifhat, Bonk and Popcat, and new outperformers Goateus Maximus and Moo Deng.

The VTARD token is the utility token of the Vantard platform that brings the index to users. The fund will invest in the meme coins – with regular rebalancing. Moreover, the fund will distribute profits to VTARD holders. Access to this token is currently available in a presale that launched on Oct. 24.

Crypto investors buy VTARD

After hitting the market with a pre-seed round that swiftly raised $500k within three hours, VTARD has stormed through the next stage as the frenzy builds up.

In its latest round, the Vantard seed round has hit $200k. With the next stage seeing VTARD price increase from $0.00011 to $0.00012, buying now may offer a better deal.

Interested investors keen on the meme supercycle can buy VTARD with USDC.

More information about the project and how to join the token sale is available on the official Vantard presale page.

The post Vantard excites investors as Trump crypto project eyes lift appeared first on CoinJournal.

• Trump’s WLFI plans to launch a dollar-pegged stablecoin after raising $14M.
• The project faces challenges, with only 4.7% of its $300M token sale target met.
• Trump opposes a US CBDC and vows to outlaw government-issued stablecoins.

Donald Trump’s World Liberty Financial (WLFI) is gearing up to enter the cryptocurrency market with plans to launch a stablecoin linked to the US dollar.

Fresh off raising $14 million in initial funding, the venture aims to capitalize on the growing demand for stablecoins, which serve as stable parking spots for traders in the volatile crypto landscape.

WLFI raised $14M and plans for a dollar-pegged stablecoin

While the WLFI team is still developing the stablecoin and establishing safety protocols, sources indicate that bringing the project to fruition may take some time.

However, should Trump regain the presidency, he would wield significant influence over the regulatory environment surrounding stablecoins, potentially reshaping the landscape for his own financial venture.

Alongside this initiative, Trump has articulated a broader financial vision that opposes a US central bank digital currency (CBDC), promising to outlaw any government-issued stablecoin if re-elected. This stance aligns with his commitment to preserving the tax cuts from his 2017 Tax Cuts and Jobs Act, which is set to expire in 2025.

Trump aims to maintain these tax reductions, cut corporate tax rates to 15%, and allow immediate deductions for equipment and research investments, all of which are designed to stimulate economic growth.

Despite the ambitious goals for WLFI, the project faces challenges in a competitive market. The initial $300 million token sale has seen limited success, with only $14.24 million in sales reported, representing just 4.7% of its public sale target.

The project’s website even experienced a crash during the token sale, reflecting the intense interest surrounding Trump’s foray into decentralized finance.

Trump Family’s Crypto Project World Liberty Financial Falls Short in Token Sale

The WLFI token sale launched on Oct. 15 but only reached 3.4% of its $300 million goal, with 687 million tokens sold after 14 hours.

The platform’s website crashed after the sale launched, and… pic.twitter.com/GffCY87uYs

— Abhyudoy Das (@DasAbhyudoy) October 16, 2024

As WLF navigates the regulatory landscape and works towards launching its stablecoin, the implications of Trump’s political aspirations and financial strategies will undoubtedly play a pivotal role in shaping its future within the crypto industry.

The post Donald Trump’s World Liberty Financial (WLFI) planning to launch stablecoin appeared first on CoinJournal.