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MoonPay boosts self-custodial crypto spending with new solution

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MoonPay, a prominent cryptocurrency payment service provider, has launched a new feature called “Balance” that enables users to manage their self-custody crypto assets and seamlessly spend them in the real world. The Balance tool, which integrates directly with MoonPay’s platform, allows users to store, track, and spend their cryptocurrencies from a secure self-custody wallet, giving them greater control over their digital assets. The service is designed to bridge the gap between digital and traditional finance by offering a simple way to convert and use crypto for everyday purchases.

With the Balance feature, MoonPay aims to empower users with more flexibility in managing their assets. Unlike custodial wallets, which store private keys on behalf of users, self-custody wallets give individuals full control over their private keys and, consequently, their funds. By integrating this self-custody solution with an easy-to-use interface, MoonPay is targeting both seasoned crypto enthusiasts and newcomers who want a seamless experience when it comes to storing and spending their crypto assets.

In addition to its self-custody capabilities, Balance also supports spending crypto directly at millions of merchants through its debit card integration. This integration allows users to convert their crypto into local currency at the point of sale, making it more convenient to use crypto for daily transactions. Whether for online purchases or in-person transactions, Balance aims to provide a simple and secure way to use crypto assets without the complexity typically associated with converting digital currencies to fiat money.

The launch of MoonPay Balance reflects the growing demand for more accessible and user-friendly solutions in the crypto space, as well as a broader trend towards increased adoption of digital currencies for everyday use. By prioritizing both security and convenience, MoonPay seeks to position itself as a key player in driving the mainstream adoption of cryptocurrency, while also addressing the need for secure and practical self-custody solutions.

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North Korean hackers target crypto devs with fake recruitment tests

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U.S. authorities have issued a fresh warning about North Korean operatives posing as remote crypto developers to infiltrate global blockchain companies and funnel funds to the sanctioned regime.

According to the alert, state-sponsored hackers from North Korea are applying for freelance roles in the crypto sector by using false identities and stolen resumes. Their primary objective is to secure positions at Web3 and blockchain firms, enabling them to exploit access for financial gain and to gather sensitive technical data.

These operatives often present themselves as highly skilled engineers, using polished profiles on platforms like LinkedIn and GitHub. Once inside, they aim to move digital assets, extract source code, or compromise infrastructure — with the ultimate goal of generating revenue for North Korea’s weapons development.

The U.S. government has linked the scam to the Lazarus Group, a well-known cybercrime unit associated with the North Korean regime. Intelligence reports indicate that the group’s activities have led to the theft of billions in cryptocurrency over recent years.

Officials urge crypto firms to strengthen their vetting processes, including verifying job applicants’ identities and scrutinizing remote access permissions. The advisory also recommends businesses monitor unusual activity on internal platforms and stay updated on threat intelligence regarding nation-state actors.

The warning follows a surge in phishing campaigns and job application fraud targeting decentralized finance and crypto startups, which are often more vulnerable to social engineering and remote infiltration.

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Binance helps countries with Bitcoin reserves, crypto policies, says CEO

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Binance has called on governments around the world to consider adding Bitcoin to their national reserves, positioning the digital asset as a strategic hedge amid growing global economic uncertainty.

The push comes as part of Binance’s broader initiative to promote Bitcoin’s role in the evolving financial landscape. The exchange argues that Bitcoin’s decentralized nature, limited supply, and resilience to inflation make it an ideal alternative to traditional reserve assets like gold and foreign currencies.

In a public statement, Binance suggested that countries could benefit from incorporating Bitcoin into their sovereign wealth strategies, especially those seeking greater monetary autonomy or facing currency volatility. The exchange also emphasized that holding Bitcoin can help nations diversify their reserve portfolios and reduce reliance on any single fiat currency, particularly the U.S. dollar.

Binance highlighted El Salvador as a pioneering example of this approach, where Bitcoin has been adopted as legal tender and accumulated as part of its national reserves. The company believes more governments will follow suit as digital assets continue to gain legitimacy and institutional interest.

While some policymakers remain cautious about integrating cryptocurrencies into national finance, Binance maintains that proactive engagement and investment in Bitcoin could provide long-term economic advantages and strengthen financial sovereignty.

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Ripple acquisition Hidden Road secures FINRA registration

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Prime brokerage firm Hidden Road, reportedly in acquisition talks with Ripple, has successfully obtained registration with the Financial Industry Regulatory Authority (FINRA), signaling a major step forward in its U.S. expansion strategy.

The FINRA approval officially registers Hidden Road as a broker-dealer, allowing the firm to operate within regulated financial markets in the United States. This milestone comes as speculation swirls over Ripple’s interest in acquiring the brokerage to bolster its infrastructure and compliance capabilities amid increasing scrutiny from U.S. regulators.

Although neither Ripple nor Hidden Road has confirmed the acquisition, industry insiders suggest that the move would align with Ripple’s broader ambitions to deepen its footprint in traditional finance and enhance institutional access to digital assets.

Hidden Road, known for offering prime brokerage services across traditional and digital asset markets, has rapidly gained prominence by providing institutional-grade trading infrastructure and risk management solutions. The FINRA registration is expected to further legitimize its presence in the U.S. and attract more institutional clients.

The development marks a strategic win for Ripple as it navigates ongoing regulatory challenges in the U.S., while also reinforcing its focus on global growth and integration between blockchain technology and traditional financial services.

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