Crypto Currency

Bityard and Paxful to Provide Crypto Access to Global Investors

SINGAPORE, Feb 19, 2021 – (ACN Newswire) – Bityard, the world’s leading crypto derivative exchange, has teamed up with Paxful, a global peer-to-peer cryptocurrency marketplace, to provide convenient payment methods for Bityard users to buy Bitcoin with over 150 fiat currencies, enabling global investors to make deposits at Bityard using local fiat money.Paxful also offers…

SINGAPORE, Feb 19, 2021 – (ACN Newswire) – Bityard, the world’s leading crypto derivative exchange, has teamed up with Paxful, a global peer-to-peer cryptocurrency marketplace, to provide convenient payment methods for Bityard users to buy Bitcoin with over 150 fiat currencies, enabling global investors to make deposits at Bityard using local fiat money.Paxful also offers Bityard users multiple ways to purchase cryptocurrency, including bank transfer, domestic wire, online wallets, gif cards and more. Fiat currencies available for Bityard users to buy crypto assets include the Russian Ruble (RUB), Vietnamese Dong (VND), Indonesian Rupiah (IDR), Nigerian Naira (NGN), Colombian Peso (COP), British Pound (GBP), Mexican Peso (MXN), Canadian Dollar (CAD), Euro (EUR), and Argentine Peso (ARS).”The partnership between Bityard and Paxful is extremely important for Bityard, as it provides our users with more convenient access to trade crypto assets,” said Michael Hung, co-founder at Bityard. “The bull market has attracted a lot of new investors as retail traders, and there are many novices among these traders. For the novices, buying cryptocurrency with local fiat money is an initial step to crypto investing. We at Bityard hope, through the partnership with Paxful, that we can help beginners from around the world to start investing in crypto assets more easily.”In 2020, Paypal started to offer cryptocurrency investment services, a sign that crypto assets are becoming a part of the global financial system. Meanwhile, the rise of Bitcoin and Ethereum have shown that crypto assets have deep potential, and promise value in a long run. The partnership between Bityard and Paxful will provide easy and more convenient access for global investors, especially for the novices, to get started in crypto investment.About PaxfulPaxful’s mission is offering users a fair and secure platform to buy and sell cryptocurrencies. A strength is that it offers a variety of payment methods, particularly in countries that apply restrictive banking rules. In such nations, people can use gift cards to buy crypto assets via Paxful to make deposits on Bityard. Offering a Bitcoin platform since its launch in 2015, Paxful is also branching out, having recently added support for Tether (USDT).About BityardBityard, as a young and fast-growing cryptocurrency derivative exchange, focuses on providing simple and reliable trading services to all crypto beginners. Following the partnership with Paxful, Bityard will continue to improve its services to bring a better trading experience to users. Contact: Dan @ Bityard, dan@bityard.exchange, dan@bityard.com, https://www.bityard.com. Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
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Crypto Currency

Ethena price: ENA dips despite 5-week peak in whale activity

Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin


Ethena Price Down

  • Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000
  • The slight dip happened despite ENA notching a 5-week high in whale activity.
  • Prices could fall further, but a rebound for BTC could boost ENA.

Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds.

This decline unfolded even as on-chain metrics signaled robust interest from large holders.

Analysts say the move highlights a disconnect between whale behavior and short-term price action.

Ethena hits 5-week high in whale activity

On-chain data shows Ethena’s ecosystem has managed notable momentum.

For one, the network just hit its largest daily network growth in over three months.

The platform did not just see a surge in new wallet creations, but had ENA whale activity surging to a five-week peak, with this aligning with heightened interest bolstered by several bullish catalysts.

According to Santiment, one of the key drivers was Grayscale’s decision on May 7 to incorporate ENA into its DeFi Fund.

Ethena also recently saw a massive $310 million USDC transfer, a transaction that injected fresh liquidity and drew widespread attention.

Santiment has also highlighted that the spotlight on ENA increased further when LayerZero announced a temporary bridge suspension on May 9, keeping Ethena at the forefront of DeFi discussions.

Adding to the optimism, the Ethena Foundation recently affirmed that all conditions outlined by its Risk Committee for activating the “fee switch” have been satisfied.

This mechanism, designed to distribute protocol fees to stakers, awaits a governance vote from ENA holders in the coming days.

The whale positioning ahead of the pivotal vote helped ENA price pump to highs of $0.14 on May 10.

Why’s ENA price down?

Despite the positive catalysts, ENA’s price succumbed to broader market dynamics.

Both RSI and MACD on the 4-hour chart suggest prices could fall further.

Ethena ENA Chart
Ethena price chart by TradingView

On May 13, crypto sentiment soured following the release of U.S. Producer Price Index (PPI) data.

This came in hotter-than-expected and exacerbated fears of persistent inflation and delayed rate cuts.

US stocks slid, and Bitcoin, the crypto sector’s bellwether, tumbled below $79,000 during intraday trading.

Declines

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Crypto Currency

Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday

Bitcoin Magazine Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday Coinbase CEO Brian Armstrong says the Senate’s advancing of the CLARITY Act could fundamentally reshape U.S. finance. This post Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday first appeared on Bitcoin Magazine and is written

Bitcoin Magazine

Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday
Coinbase CEO Brian Armstrong says the Senate’s advancing of the CLARITY Act could fundamentally reshape U.S. finance.
This post Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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Crypto Currency

Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion

Bitcoin Magazine Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion Bitcoin Suisse (International) Ltd. has obtained dual regulatory approvals from the Bermuda Monetary Authority. This post Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman…

Bitcoin Magazine

Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion
Bitcoin Suisse (International) Ltd. has obtained dual regulatory approvals from the Bermuda Monetary Authority.
This post Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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Crypto Currency

Metaplanet Reports $725M Quarterly Loss as Bitcoin Volatility Weighs on Earnings Despite Strong Revenue Growth

Metaplanet has published its financial results for the first quarter of fiscal 2026 which portrays a mixed picture. That’s a large net loss primarily due to declines in Bitcoin valuations stands in stark contrast with solid growth in the core business operations. Q3 Net Loss of $1.4 Billion due to Bitcoin Value Decline The quarter

Metaplanet has published its financial results for the first quarter of fiscal 2026 which portrays a mixed picture. That’s a large net loss primarily due to declines in Bitcoin valuations stands in stark contrast with solid growth in the core business operations. Q3 Net Loss of $1.4 Billion due to Bitcoin Value Decline The quarter …
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