Connect with us

Business

MoonPay announces PayPal fiat on-ramp for UK and EU

In a significant development for the cryptocurrency industry, MoonPay has joined forces with PayPal to introduce a fiat on-ramp service in the United Kingdom and European Union.

Published

on

In a significant development for the cryptocurrency industry, MoonPay has joined forces with PayPal to introduce a fiat on-ramp service in the United Kingdom and European Union.

This collaboration marks a pivotal moment for both MoonPay and PayPal, as it enables users in the UK and EU to seamlessly convert fiat currency into cryptocurrencies through the PayPal platform. This move not only enhances accessibility to cryptocurrencies but also signifies a growing acceptance of digital assets in mainstream finance.

MoonPay, known for its user-friendly and secure payment solutions, brings its expertise to the partnership, facilitating a smooth onboarding process for users looking to enter the world of cryptocurrencies. By leveraging PayPal’s extensive reach and reputation, MoonPay aims to broaden its user base and further streamline the process of purchasing cryptocurrencies.

With the introduction of the fiat on-ramp service, users can now easily navigate between traditional fiat currencies and cryptocurrencies, fostering greater adoption and integration of digital assets into everyday financial transactions.

This collaboration between MoonPay and PayPal underscores the increasing convergence between traditional finance and the cryptocurrency market, paving the way for more accessible and inclusive financial services in the digital age.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk