bitkoban

Latest from crypto.news

Sui launches virtual Mastercard with xPortal and xMoney in Europe
Sui is partnering with xMoney and xPortal to launch a virtual Mastercard for European users, allowing them to spend crypto like cash. Sui is expanding into everyday payments through a new partnership with financial platform xMoney and crypto super-app xPortal. Together, they are launching a virtual Mastercard that allows European users to spend crypto like cash. The partnership introduces a full-stack payment solution: a custom Sui ( SUI ) wallet experience integrated into xPortal’s app, already used by 2.5 million people. Sui is going full lifestyle chain 🌊 We’ve partnered with @xPortalApp + @xMoney_com to bring you: 💳 A virtual Sui Mastercard, with Tap to Pay via Apple Wallet and Google Pay 👝 A custom Sui wallet experience inside xPortal ⚡ Card issuance, fiat ramps, and compliance powered by… pic.twitter.com/SUFqqP94WX — Sui (@SuiNetwork) April 24, 2025 This includes a branded virtual Mastercard that users can add to Apple Pay or Google Pay and use across over 20,000 merchants. A physical card is expected later in 2025, according to a company note shared with crypto.news. “This powerful new product is a significant step towards making the Sui ecosystem more accessible to everyday consumers,” said Christian Thompson, Managing Director of the Sui Foundation. You might also like: Kuwait warns against illegal crypto mining after over 1,000 sites exposed in nationwide probe Self custody coupled with spending By leveraging xPortal’s user-friendly interface and xMoney’s licensed infrastructure, the offering combines self-custody with seamless spending. It positions Sui among the few Layer 1 blockchains enabling real-world payments in a compliant way, starting in the EU. Sergiu Biris, CEO of xPortal, emphasized Sui’s performance and community as key reasons for the integration, while Greg Siourounis of xMoney highlighted the platform’s goal of bridging crypto with traditional finance. The company plans to expand in the U.S. and introduce more enterprise services, which will be announced at the upcoming Sui Basecamp event. You might also like: US prosecutors seek up to 8 years for Mango Markets exploiter Avi Eisenberg

2025-04-24 16:35
Can XRP price realistically jump to $1,000 as a pundit predicts?
A popular anonymous crypto pundit has shared a roadmap outlining how XRP could surge from $2.15 to $1,000. In an X post, BarriC, who has accumulated over 13,000 followers, provided one of the most optimistic Rippe ( XRP ) predictions. He suggested that XRP will first climb to $3, followed by a bull run that pushes it to $5. From there, he expects a rally to between $10 and $20, after which the coin may enter a bear market correction. His base case sees XRP reaching $100 by December, driven by increasing adoption of Ripple’s technology by banks. Ripple Labs claims its payment technology is superior to SWIFT , offering faster and more cost-effective solutions. For instance, RippleNet transactions settle in under two minutes, while SWIFT transfers can take over an hour. The final catalyst, according to BarriC, would be mass adoption by banks and financial institutions. Such widespread use would see trillions of dollars flowing through the XRP Ledger network, potentially pushing the token to $1,000. $XRP starts by hitting $3 Then $XRP skyrockets from $3 to $5 Then as the volatility and momentum of an alt season kicks in $XRP skyrockets to $10-$20 Once we have entered into double digit #XRP territory we may see the market dip back down into a bear market However towards… — BarriC (@B_arri_C) April 24, 2025 Can XRP price jump to $1,000? The crypto industry has demonstrated that anything is possible. Bitcoin ( BTC ) has jumped from less than $1 in 2009 to $109,300 earlier this year. Memecoins, which have no intrinsic value, have accumulated a market cap of over $53 billion. You might also like: Uniswap Foundation posts $5.7m in expenses, $1.1m in revenue for 2024 However, while the longer-term outlook for XRP is bullish, a target price of $1,000 seems unachievable. With a circulating supply of 58.4 billion tokens, a $1,000 price would place XRP’s market capitalization at $58.4 trillion. Its max supply of 100 billion would put its fully diluted valuation at $100 trillion. To put that in perspective, the total global GDP is around $115 trillion, and the combined market capitalization of all publicly traded companies is around $125 trillion. Therefore, XRP reaching $1,000 is simply not a realistic outcome. Ripple price technical analysis XRP price chart | Source: crypto.news The daily chart indicates that XRP has moved above its 25-day moving average. It has also formed a falling wedge pattern, comprising of two descending and converging trendlines. The price has broken above the wedge’s upper boundary and successfully retested it. Additionally, an inverse head-and-shoulders pattern has formed, another bullish indicator. Based on these technicals, XRP appears poised for a potential breakout toward its year-to-date high of $3.40, which is about 57% above the current level. You might also like: Onyxcoin price surges 10% – is another 200%+ breakout in play?

2025-04-24 16:21
Binance launches ‘Fund Accounts’ to attract traditional investors into crypto
Binance has launched Fund Accounts, a new solution designed to simplify crypto asset management for fund managers by mirroring traditional finance infrastructure. The tool will help fund managers to pool investor capital into omnibus accounts, allowing for more efficient trading and streamlined operations. Previously, fund managers had to manage each investor’s assets through separate accounts, a setup that restricted scalability and strategy execution. With Fund Accounts, Binance ( BNB ) removes that limitation, allowing managers to operate multiple fund strategies under a centralized system, according to a note shared with crypto.news. This move mirrors traditional investing models and is designed to lower the barrier to entry for emerging fund managers while facilitating growth across the digital asset management sector. You might also like: Crypto exchnage Bithumb alerts customers following data breach at Korea’s largest carrier Net asset value per unit A key feature is the introduction of a universal net asset value per unit — a familiar concept in traditional finance. This allows fund managers to calculate and communicate fund performance clearly while ensuring investors can track and redeem only what they’re entitled to. Managers retain full trading capabilities , while deposits and withdrawals are restricted to investors, a structure that enhances asset security and transparency. Catherine Chen, Head of Binance VIP & Institutional, said the tool is built to meet the evolving needs of institutional players. “Fund managers are seeking efficient, scalable solutions… Our technology empowers them to offer a more seamless and flexible approach to digital asset management,” she said. Fund Accounts also support multiple trading strategies tailored to different investor profiles, helping managers attract a wider range of clients. With deep liquidity and Binance’s infrastructure, the platform aims to position itself as a bridge between crypto and TradFi. You might also like: Onyxcoin price surges 10% – is another 200%+ breakout in play?

2025-04-24 16:13
Coinbase waives fees for PayPal’s PYUSD stablecoin conversions
Coinbase and PayPal are deepening their partnership, now offering zero-fee onramps and offramps for PYUSD on the largest U.S.-based exchange. PayPal is doubling down on crypto payments with a strategic partnership push. On Thursday, April 24, Coinbase partnered with PayPal to offer zero-fee onramps and offramps for the PYUSD (PYUSD) stablecoin on its exchange. PayPal explained that this partnership will enable merchants to settle debts directly in PYUSD without relying on traditional payment networks. Settlement in PYUSD is also instant, one of the key reasons PayPal has pursued this direction. At the same time, Coinbase gives PayPal access to its large user base. “This combination of being able to connect the consumer bases of PayPal and Coinbase, bringing our merchants to the table, bringing [Coinbase’s] institutional access to the table — we think that it creates a really, really powerful combination,” Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, crypto and digital currencies. PayPal looks into expanding to DEXs PayPal and Coinbase are planning further partnerships aimed at making stablecoins and digital payments mainstream. At the same time, PayPal is exploring expansion into decentralized exchanges. This would allow users to use PYUSD for payments without intermediaries. “This is a partnership that is all about advancing the future of global payments, taking stablecoins mainstream, pushing forward this technology,” Lauren Abendschein, global head of institutional sales at Coinbase. In 2024, Coinbase started offering zero-fee onramps and offramps for Circle’s USDC stablecoin on its exchange. The move, they explained, was to grow the crypto industry by making it more attractive and accessible for new users. You might also like: Coinbase confirms it is ‘actively considering’ U.S. banking license PYUSD is still a relatively small player in the stablecoin market, with the total stablecoin market cap at $236 billion . PayPal’s stablecoin has a market cap of only $866 million, but this figure more than doubled from April last year. Read more: Alabama drops enforcement action against Coinbase

2025-04-24 16:11
Exclusive: Saros launches new liquidity model v3 to reform Solana DeFi
Saros, a decentralized finance protocol on Solana, announced on Thursday the launch of its new Dynamic Liquidity Market Maker v3 model. The upgrade, exclusively reported by crypto.news on April 24, is built to enhance trading efficiency, decentralization, and platform resilience within the Solana ( SOL ) blockchain ecosystem. This DLMM upgrade is part of Saros’ 2025 roadmap that focuses on infrastructure and application-level improvements. The new model introduces custom liquidity provision ranges and higher LP fee potential, aligning with strategies that have driven growth in ecosystems beyond Solana. DLMM arrives amid calls for DeFi reform The launch is in response to major collapses tied to centralized DeFi exchanges and figures such as Hayden Davis of Kelsier who was on the receiving end of an Interpol “Red Notice” for his alleged role in the Libra ( LIBRA ) coin fiasco and other scandals. You might also like: From Trump tokens to LIBRA lows: Meme coin circus rolls on, bolstered by recent SEC ruling “Our implementation of DLMM technology aims to strengthen the integrity of the Solana DeFi landscape by providing a more decentralized and robust alternative that reduces systemic risk while fostering genuine free-market competition,” Thanh Le, Saros founder, said in the press relaese. Saros collaborated with the original creators of v3 from TraderJoe to bring what Le described as “the most well tested, innovative, and robust version of the REAL v3 technology to Solana.” Fast-tracked launch and early adopter rewards With Saros working to match Solana’s reputation for speed, development of the DLMM system has been accelerated. A beta version is expected to go live in mid-May 2025, and early tech previews will be shared during the Token 2049 conference. The company also introduced a $SAROS staking initiative set for launch on April 28. Stakers will gain early access to alpha/beta features, airdrops, and launchpad participation.

2025-04-24 16:06
Kuwait warns against illegal crypto mining after over 1,000 sites exposed in nationwide probe
The Kuwaiti Ministry of Interior has issued a warning about illegal crypto mining in the country, calling on violators to cease their illegal activities or face legal consequences. The announcement , which was issued on April 22, stated that cryptocurrency mining in Kuwait is illegal as it violates several national laws. These include the Penal Code, which addresses unauthorized or harmful activities, as well as the law governing the country’s communications and technology sector. It also breaches the Industry Law, which controls industrial and manufacturing practices, as well as municipal regulations that oversee proper use of resources and infrastructure. The Ministry’s warning comes after abnormal electricity usage data has revealed that over 1,000 sites may be running crypto mining rigs. Specifically, the joint effort from the Ministry of Electricity, Water and Renewable Energy has identified homes in the Al-Wafra region to be be consuming unusually high amounts of electricity — up to 20 times the typical usage in the neighborhood. You might also like: News Kuwait places absolute ban on crypto payments and mining Kuwait’s mining ban was part of the blanket ban on all crypto-related activities — including mining, trading, and transfers — and was implemented by the Capital Markets Authority in 2023. However, mining activity persists despite the ban, likely due to Kuwait’s exceptionally low electricity costs. Some residents are also still participating in crypto trading, as evidenced by the recent Bitcoin Kuwait scandal . Despite the official ban, the token managed to gain widespread traction among retail investors before collapsing shortly after launch and vanishing with an estimated 40 million Kuwaiti dinars ($130 million) in investor funds. You might also like: Does Bitcoin bring us closer to a ‘nuclear holocaust’?

2025-04-24 15:46
XRP eyes $500b market cap while low cap PayFi altcoin begins explosive climb
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As XRP eyes a $500 billion market cap, a new PayFi contender, Remittix, is turning heads with its seamless crypto-to-fiat payment solution and fast-rising presale momentum. Table of Contents Path toward a $500 billion XRP market cap gains credibility Send crypto, receive fiat instantly with Remittix Remittix presale heats up with big rewards XRP has been drawing attention with ambitions of reaching a staggering $500 billion market cap recently. However, the spotlight is beginning to shift toward a new crypto gem in the PayFi space: Remittix (RTX). While XRP focuses on transforming traditional finance at scale, Remittix is quietly igniting a PayFi revolution of its own, with a disruptive crypto-to-fiat payment solution that could change how people move money globally. Learn more about the updates surrounding the XRP market cap and price, as well as what the future holds for the new PayFi gem, Remittix. Path toward a $500 billion XRP market cap gains credibility Source: Coinmarketcap XRP price has recently shown strong momentum, climbing to $2.20 with a 7-day gain of 6.3%. The XRP market cap has also reached about $132 billion, growing by 7.61%. Moreover, network activity has surged, with the number of active addresses increasing by 67.5%, from 27,352 to 40,366 in just a few days. Source: Ali Martinez on X Analysts are taking notice as well, with Ali Martinez pointing out that the XRP price chart is forming an “inverse head and shoulders”, a pattern that could push the token to $2.70. Infrastructure advancements are also boosting optimism about XRP price. Jake Claver, for instance, emphasized that the XRP Ledger, through the Interledger Protocol, could become the core bridge connecting global financial systems. With such rising network activity, bullish technical patterns and XRP ETFs on the horizon, experts believe XRP’s market cap is indeed setting the stage for a potential growth to $500 billion market cap. You might also like: XRP price could fall below $1.50 in April, investors turn to hyped crypto Remittix Send crypto, receive fiat instantly with Remittix Remittix is leading the way in cross-border payment innovation, providing a simple way for users to pay fiat directly into any global bank account using cryptocurrency. By connecting their wallets, users can avoid complicated payment channels and access local bank networks in over 30 fiat currencies. The user-friendly interface of Remittix resembles standard banking apps, allowing anyone to send crypto payments that arrive as fiat in bank accounts. Whether it’s paying a freelancer overseas, managing business transactions, or settling invoices, Remittix offers a smooth and easy experience. The recipient doesn’t even need to know the payment came from crypto. Users can just connect their wallet, choose the destination bank account and Remittix handles the rest. Another key feature is its zero foreign exchange fees. What users send is exactly what the recipient receives. This flat-fee model not only eliminates FX costs but also ensures complete transparency. Unlike traditional cross-border systems burdened by hidden fees and lengthy processing times, Remittix guarantees same-day transfers, combining the speed of crypto with the ease of fiat payments. Remittix presale heats up with big rewards Remittix is currently in its presale phase, having raised over $14.5 million and sold more than 528 million tokens. Each RTX token is priced at $0.0757, with the next price increase coming soon. Buyers can participate using ETH, USDT or even a credit card through an easy-to-use web3 dApp. In addition to the presale, Remittix is engaging the community with a $250,000 giveaway, where 10 lucky winners can each receive $25,000 in RTX tokens. Thus, as the crypto community observes XRP’s broader ambitions, Remittix is quickly becoming the preferred choice for smooth crypto-to-fiat transactions, steadily rising in a niche that may shape the future of digital payments. To learn more about Remittix, visit the website and socials. Read more: Investors rush to Remittix presale, Dogecoin and Solana could fall up to 30% in April Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

2025-04-24 15:37
Crypto exchnage Bithumb alerts customers following data breach at Korea’s largest carrier
Bithumb has issued a security warning to its Korean users following a significant data leak at SK Telecom, South Korea’s largest mobile carrier. South Korea ‘s cryptocurrency exchange Bithumb has alerted its customers after a data breach at SK Telecom, the country’s largest mobile carrier, raising concerns over potential risks to user accounts, prompting the exchange to strengthen security and ramp up monitoring. In a press release on Thursday, Bithumb said that it’s monitoring for any unusual activity and has implemented additional protections to prevent unauthorized access. The exchange has also urged users to act immediately to safeguard their accounts and has heightened security protocols in light of the incident. SK텔레콤은 19일 악성코드로 인해 고객 유심 관련 일부 정보 유출 정황을 확인한 후, 악성코드 삭제 및 해킹 의심 장비를 격리 조치하였습니다. 해당 정보가 실제로 악용된 사례는 확인되지 않았으나, 피해 예방을 위한 조치를 시행하고 있습니다. https://t.co/IPjUbcVZ5B — SK telecom (@SKtelecom) April 22, 2025 You might also like: South Korean presidential candidate vows to deregulate crypto like Trump-era US SK Telecom confirmed the breach, explaining that the data leak was linked to malware. The carrier futher revealed that it had detected signs of the breach on the evening of April 19, which impacted customers’ USIM-related data. After detecting the breach, SK Telecom removed the malware and isolated the suspected hacked devices, reassuring customers that “no misuse of the leaked information has been confirmed so far.” However, to prevent further damage, SK Telecom has implemented several preventive measures, including a system investigation and strengthened attempts to block illegal SIM swaps and abnormal authentication. Founded in 1984, SK Telecom is South Korea’s largest mobile carrier with approximately 31.5 million mobile subscriptions, accounting for about 37.5% of the nation’s total mobile subscriptions. Read more: South Korea’s largest wireless carrier SK Telecom adds support for USDT stablecoin on Aptos

2025-04-24 14:26
Upbit suspends deposit on SNX after DAXA issues warning on April 24
South Korean exchange Upbit has announced that it will suspend deposits for SNX, following a recent trade warning from the Digital Asset Exchange Alliance. According to a recent notice from the crypto exchange, the Synthetix ( SNX ) token has been labeled a “trading caution item” by the Digital Asset Exchange Association or DAXA. As a result, the crypto exchange has decided to suspend deposits for SNX starting from April 24 at 15:00 KST. Synthetix is a decentralized finance protocol built on Ethereum ( ETH ) that lets users create and trade synthetic assets, known as Synths, which mirror the value of other assets like currencies, commodities and stocks. Shortly after the announcement was published, SNX fell nearly 5%. The token is currently trading at $0.69 with a market cap of $235 million. The South Korean crypto exchange informed to users that it usually conducts a review of the assets marked under “trading caution item” to determine whether or not to terminate trading support. “During the review process, the review period for designating a trading caution item may be extended, and if the reasons for designating a trading caution item are not completely resolved, the decision may be made to terminate trading support,” said Upbit . In the case of SNX, Upbit explained that the reason why it ultimately decided to suspend deposits on SNX is the fact that Synthetix has failed to maintain the value of its stablecoin , sUSD, in according with the 1:1 ratio pegged to 1 USD. Price chart for SNX after Upbit suspends deposits, April 24, 2025 | Source: crypto.news You might also like: Upbit set to delist Bitcoin Gold on Jan. 23, 2025 due to trading caution So far, the Upbit notice will be valid until the fifth week of May 2025, in which a separate review may be conducted. If upon further inspection, the issues regarding SNX still persist, then Upbit may decide to terminate trading support altogether. Although SNX and sUSD are two different assets, the announcement noted that SNX can be used as “collateral” for the the sUSD stablecoin. At press time, the Synthetix issued stablecoin is currently up 9.4%. Unlike most stablecoins on the market which have maintained a fairly stable value equal to 1 USD, sUSD has gone up 12.7% in the past week and declined by 10.6% in the past month. It is currently trading hands at $0.86, still $0.14 shy of 1 USD. On April 21, Synthetix founder Kain Warwick urged stakers to pitch in through its staking mechanism and help restore stability before more measures are implemented. The protocol introduced a new initiative called 420 Pool, which offered SNX holders a chance to SNX tokens by locking their sUSD for one year. You might also like: Synthetix founder urges stakers to act as sUSD depeg persists

2025-04-24 13:49

1 2 3 4 5 6 7 →