Schlagwort: crypto business

• PayPal enables use of PYUSD in cross-border transfers for Xoom users
• Xoom users in the US can convert PYUSD into USD and send money to 160 countries.

Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States.

In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family.

PayPal expands PYUSD adoption

PayPal USD is a USD dollar-denominated stablecoin that PayPal launched in August 2023 and its use on Xoom will now see US users able to send money across borders to 160 countries.

There’s no crypto sale fee when converting PYUSD to USD and no Xoom transaction fees, the platform announced.

“When we decided to bring PayPal USD to market, we had two objectives we wanted to achieve: create something that had a stable value to maximize user confidence and ensure it had utility for commerce and payments,” Jose Fernandez da Ponte, SVP of Blockchain, Cryptocurrency, and Digital Currency Group at PayPal noted in a statement.

By enabling Xoom users in the US to tap into the new funding option, PayPal is expanding on its mission to bolster mainstream adoption of crypto, the PayPal exec added.

PayPal’s move to expand usage of its PYUSD stablecoin comes as the ecosystem sees increased adoption. Top stablecoins USDT and USDC continue to expand, while Ripple has announced plans to launch its own stablecoin pegged to the US dollar later this year.

According to data from CoinGecko, the current stablecoin market capitalization is $154 billion, with $106 billion for USDT and $33 billion for USDC.

PYUSD is the 12th largest stablecoin by market cap at $190 million.

The post Paypal’s Xoom adds PYUSD as funding for cross-border money transfers appeared first on CoinJournal.

• Bitbot aims at becoming the top trading bot on Telegram.
• The project’s non-custodial feature has the crypto trading community excited ahead of its launch.
• The continued influx of new money via spot ETFs and Bitcoin’s upcoming halving are key bullish factors for Bitbot price prediction.

Cryptocurrencies are trading green as the top coins Bitcoin and Ethereum see slight gains. As the market looks to bounce, investor attention on new crypto project Bitbot suggests this could be one of the top tokens to buy this year.

What sets Bitbot apart from other Telegram bots?

As the market eyes further impetus from spot Bitcoin ETFs, there’s renewed optimism on a potential SEC approval for spot Ethereum ETFs. This outlook has traders on a new quest as they look to tap into potential opportunities. 

One of the areas attracting most attention is the Telegram-based crypto trading space.

Telegram bots offer access to automated trading tools, including sniping and copy trading. Now almost every other solution boasts integration of artificial intelligence (AI).

However, Bitbot stands out from the rest as it offers the first non-custodial trading solution on Telegram. This groundbreaking move that ensures it’s “your keys, your wallet, your assets” for users has elevated the new project above other trading bots such as Unibot and Banana Gun.

The key difference is Bitbot’s focus on user security. Rather than compromise on security to offer convenience, Bitbot avoids this trade off by implementing a self-custody solution backed by MPC technology from Knightsafe.

The decentralised digital self-custody firm’s wallet technology ensures users have complete control over their assets, adding to the overall safety measures.

Bitbot’s upcoming launch therefore has the crypto trading community on Telegram extremely excited.

Bitbot sails to stage 9 of presale

Security and top institutional-grade trading tools make Bitbot one of the most anticipated crypto trading bot in the market. 

That anticipation is visible from the buying frenzy around BITBOT, the native utility token.

BITBOT holders will enjoy a share of the daily revenue as well as access other exclusive perks, including discounts and airdrops. Traders are keen on these perks, which add to the non-custodial trading offering, anti-MEV and anti-rug pull features to put the bot top of most users’ list of best AI-powered Telegram trading bots.

Bitbot (BITBOT) has raced through the first eight stages amid this interest. 

Currently in stage 9, Bitbot has raised more than $1.9 million. The token’s price is $0.0148 and will rise through the remaining six stages to reach $0.02 in the final stage.

As well as the early advantage of buying at discounted prices, the presale also offers giveaways and referral bonuses, which currently stands at 5%.

Bitbot price prediction: Can it reach $1 in 2024?

Bitbot will launch its token on exchanges this second quarter. The roadmap also highlights this time frame for the debut of its non-custodial trading bot. Community anticipation is huge after recent product updates provided demos to how the bot works.

This factor could combine with other positive catalysts to boost BITBOT price in coming months. Leading the tailwinds is the potential bull market explosion for Bitcoin.

The benchmark cryptocurrency has retreated from its all-time highs above $73k. However, with the Bitcoin ETFs seemingly only at the beginning of greater adoption and BTC halving weeks away, experts say BTC could explode past $100k in 2024.

With Unibot having seen a 200x uptick after its launch, its possible Bitbot, which offers a superior bot, could outshine it. Depending on the listing price, it’s likely BITBOT price will target the $1 mark this bull cycle.

To learn more about Bitbot, visit the official website.

The post Bitbot price forecast as BTC holds key level appeared first on CoinJournal.

• Vana has secured $200M in funding led by Paradigm, signalling investor confidence.
• The newly launched Reddit Data DAO empowers users with data control and rewards.
• Users vote on data usage, challenging traditional models of data ownership.

Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data.

The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization.

Reddit Data DAO revolutionizes data ownership

Vana’s Reddit Data DAO represents a paradigm shift in data ownership dynamics, offering users a direct stake in the control and utilization of their personal information.

By integrating their Reddit accounts and data into the DAO, users not only earn rewards but also participate in collective decision-making regarding the fate of their data. This challenges traditional models where platforms like Reddit profit from selling user data to AI companies without user input or compensation.

The Reddit Data DAO provides users with a platform to question the distribution of revenue generated from their data.

With the potential for Reddit to earn millions annually from selling user data, the DAO advocates redirecting these profits to the users who generate the data. Through collective voting, users can determine whether to start their own platforms, sell data directly to AI firms, or negotiate compensation from Reddit itself.

Vana has secured $20 million in total funding

In tandem with the Reddit Data DAO launch, Vana disclosed securing $18 million in previously undisclosed funding, bringing its total funding to $20 million.

Led by Paradigm, the funding round signifies investor confidence in Vana’s vision of empowering users and revolutionizing data ownership. Additional support from investors such as Casey Caruso, Packy McCormick, and Polychain Capital underscores the belief in Vana’s mission.

Vana’s Reddit Data DAO not only reshapes the landscape of data ownership but also exemplifies the potential for decentralized models to empower users and challenge established norms.

As the platform gains traction and garners support from both users and investors, it signals a shift towards a more equitable and user-centric approach to data management on social media platforms like Reddit.

The post Vana launches Reddit Data DAO allowing users control over personal data appeared first on CoinJournal.

• Shiba Inu (SHIB) reportedly dominated trading volume on India’s largest crypto exchange WazirX in March.
• KangaMoon offers presale participants a chance to earn KANG before its game and NFT launch.
• The project is currently in stage 5 of its presale and has raised over $4 million.

Shiba Inu (SHIB) topped the list of most traded tokens on India-based crypto exchange WazirX in March, according to a news update the exchange shared via X. 

Meanwhile, new meme coin project KangaMoon (KANG) has surpassed the $4 million mark in its presale.

Shiba Inu leads in trading volume on India’s WazirX

According to a post on X, SHIB topped monthly trading volumes for March, surpassing Bitcoin (BTC) and top meme coins Pepe (PEPE), Floki (FLOKI) and Dogecoin (DOGE).

Trading volume soaring in India is a reflection of the token’s strength, particularly with meme coins dominating amid a shift to long-term outlook rather than speculative hype.

As one of the top meme projects, Shiba Inu is looking to go beyond the meme tag. 

The Shiba Inu team has targeted this growth with the launch of the DEX platform ShibaSwap and layer-2 chain Shibarium. There’s great traction for the token amid overall positivity around the meme coin ecosystem.

While the price of SHIB, the second-largest meme coin by market cap behind Dogecoin, has decreased this past week, it remains one of the top trending tokens. SHIB price is up 3% in the past 24 hours and is also green against BTC and ETH.

KangaMoon (KANG) project gains traction amid meme craze

KangaMoon is a new meme coin that integrates the best of SocialFi and play-to-earn. The virtual immersive world of a kangaroo boxing adventure and NFTs mean KangaMoon’s design has two of the hottest trends in the market.

The access to the P2E game and NFTs are thus top features that put KangaMoon in the mix for best altcoins to buy in the market today.

But more than this, it’s the offering of real utility and value to its token holders right from when one joins the presale that sets this project apart in a flooded crypto presale market.

Unlike many meme coin projects, KangaMoon goes beyond being community-driven to offer in-game assets that make monetization of gaming time of real benefit to KANG holders.

The project has a total supply of 1 billion tokens, 60% of which (600 million) are available in presale. Another 150 million are for in-game rewards, while staking and buybacks will account for 100k and 50k respectively.

Should you buy KangaMoon as presale hits $4 million?

Currently in stage 5, total amount raised has crossed the $4 million mark, with price rising from $0.005 to $0.0196. The price remains relatively at extremely bargain levels, suggesting buying now could be a huge opportunity.

In particular, this is an outlook likely to strengthen as experts predict continued growth for meme coins. Also notable is the estimated growth for the global play-to-earn and NFT game market, with research showing a potential spike from $3.6 billion at a CAGR of 21.3% to 2028.

With KangaMoon, meme culture meets the benefits of P2E and SocialFi, with anyone able to earn KANG tokens by taking part in various gameplay challenges.

If they are not engaging in epic battles, token holders can tap into the top fighters’ potential by placing bets.  KANG rewards are available weekly, monthly and quarterly.

The excitement around this project has seen the KangaMoon presale gain massive popularity. Investors who may have missed Shiba Inu, Pepe, Floki and recently dogwifhat, are increasingly betting on KANG. 

Learn more about KangaMoon here.

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