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Ethereum Name Service integrated with PayPal, Venmo for crypto transfers

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ENS Labs has announced a groundbreaking integration of the Ethereum Name Service (ENS) with PayPal and Venmo, facilitating more straightforward cryptocurrency transfers between these popular payment platforms. This move is set to simplify the process of sending and receiving digital assets by leveraging ENS’s user-friendly domain names.

The integration allows users to link their Ethereum addresses with ENS domains, making it easier for PayPal and Venmo users to conduct crypto transactions using human-readable names instead of complex cryptocurrency addresses. This advancement aims to enhance user experience and increase the accessibility of cryptocurrency transactions.

Under this new setup, users can now use their ENS domains to send and receive Ethereum and other supported digital assets directly through their PayPal and Venmo accounts. This change is expected to significantly reduce errors associated with entering long, cumbersome cryptocurrency addresses and streamline the process for both casual users and crypto enthusiasts.

A spokesperson for ENS Labs commented, “Our integration with PayPal and Venmo represents a major step forward in bridging the gap between traditional financial systems and digital assets. By allowing users to transact using ENS names, we are making cryptocurrency more accessible and user-friendly.”

The collaboration between ENS Labs and the two payment giants is part of a broader trend towards integrating cryptocurrencies with mainstream financial services. This integration is anticipated to drive greater adoption of digital currencies and simplify transactions for a wider audience.

PayPal and Venmo users who link their accounts with ENS domains will benefit from enhanced convenience and security. The ability to use recognizable domain names instead of numerical addresses is expected to minimize the risk of transaction errors and make cryptocurrency transfers more intuitive.

The integration is also expected to bolster the adoption of ENS by highlighting its practical benefits in everyday financial transactions. By partnering with major payment platforms, ENS Labs is positioning itself as a key player in the evolving landscape of digital finance.

Industry experts view this development as a significant milestone in the ongoing effort to integrate digital currencies with traditional payment systems. The move is likely to set a precedent for future innovations aimed at improving the accessibility and usability of cryptocurrencies.

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

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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.

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

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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.

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Hackers are selling counterfeit phones with crypto-stealing malware

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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.

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