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Ripple Labs’ announcement of its plan to introduce a native stablecoin on the XRP ledger provides a major thrust for the XRP price rally. Within 24 hours of the stablecoin launch news, XRP Open Interest surged from $899 million to $981.2 million, representing a 9% increase. The XRP price has been on the uptrend in the last two days gaining over 3% and moving closer to $ 0.60 with its market cap surging to $32.5 billion. Also, the recent thrust…

PayPal is offering users a seamless and cost-effective solution for sending funds globally by introducing PYUSD to USD conversions for cross-border transfers.  PYUDS To USD Now On PayPal PayPal has unveiled a new feature that will allow users in the United States to conduct cross-border money transfers using U.S. dollars converted from its native stablecoin, PayPal USD (PYUSD). However, the service excludes residents of Hawaii due to state laws prohibiting the use of PayPal. The announcement, made on April 4,…

Global payment giant PayPal has announced that all United States users will be able to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. PYUSD is, however, not available to residents of Hawaii. PYUSD to USD Conversions for Cross-Border Transfers PayPal said that US customers leveraging its cross-border payments platform, Xoom, will be able to convert PYUSD to USD and then send money to recipients in approximately 160 countries. No transaction fees…

Dubai, UAE, April 2nd, 2024, Chainwire BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced that it will be offering up to 1 million USD in rewards through its newly launched Meme Innovation Campaign.  To accelerate the growth of the meme coin landscape within the BNB Chain ecosystem, the meme competition contributes to this trend and encourages developers to build their meme coins natively on BNB Smart Chain (BSC). The campaign acts as…

Decentralized e-commerce marketplace Pushd (PUSHD) has been gaining traction as it enters stage 6 of its presale launch, where tens of thousands of participants are taking out early positions in the provider with tokens available at a discounted price of just $0.125 each.  Market analysts forecast that Pushd (PUSHD) could potentially bring in a 100x return on investment, drawing Cardano (ADA) and USD Coin (USDC) holders to its highly awaited presale launch. Cardano (ADA) In the Accumulation Phase? Cardano (ADA)…

The cryptocurrency industry is witnessing an increase in interest in novel initiatives. One of which is Kelexo (KLXO), a blockchain-based lending platform that is in Stage 2 of its presale. Investors from many established cryptocurrencies are already pointing out this lending innovation that will likely outperform many prospects within crypto investments.  As investors rush to capitalize on emerging opportunities, there comes an emerging hope within the space of DeFi lending with the hope of 50x earnings. This anticipation has been…

BVI, BVI, March 20th, 2024, Chainwire Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc.  In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active…

Stephen Harper, the former Prime Minister of Canada, has expressed a favorable opinion on popular cryptocurrency Bitcoin (BTC).  He believes that Bitcoin could integrate the currency reserves of global countries in the future. Bitcoin a viable alternative to the US Dollar Stephen Harper shared his views in an interview during the Vancouver Resource Investment Conference. Harper spoke of Bitcoin in the context of a weakening US dollar (USD), which is the most important reserve currency for large economies. The former…

Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. Theoretically, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies. USD is traditionally the most sought-after…