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BTC Exchange LocalBitcoins Adds Cardano, DOGE And More

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BTC Exchange LocalBitcoins adds Cardano, DOGE, and more cryptocurrencies in its goals to expand worldwide as we can see more in our latest crypto news today.

The peer-to-peer BTC exchange LocalBitcoins is expanding its offerings beyond just Bitcoin with goals to grow its customer base and adapt to new market conditions while still embracing the world of altcoins. LocalBitcoins announced that it will add support for DOGE which is Elon Musk’s favorite cryptocurrency and along with this coin, it added support for payments with Polkadot, Tether, Cardano, Bitcoin Cash, USD Coin, and Chainlink. The platform said in an official blog post:

“You asked, we delivered! Some highly anticipated altcoins have now been added as payment methods!”

DOGE Pumped 20%, musk, dogecoin, coin

LocalBitcoins noted the inclusion of more than 40 other alternative payment methods like AirTM and transfers between Uphold accounts, Mercadoago, Chime, and PIX in Brazil. At the moment, the trading volume is not available yet for other altcoins but DOGE ads are now dominating the LocalBitcoins board. The exchange competes with Paxful to become the leading peer-to-peer platform among BTC traders. It is dominant in Latin America where it established itself as the main option for these countries. For example, due to legal restrictions, Paxful doesn’t support users from Venezuela which has one of the biggest crypto adoption rates according to reports by Chainalysis.

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Crypto traders could choose P2P exchanges for many reasons, including the fact that trading windows usually allow for less exposure to the market fluctuations and the traders secure more deposits into their accounts in an instant. With the move, LocalBitcoins is in a good position to fight off the competitors like Binance P2P as the platform developed by the world’s biggest exchange by volume. Binance P2P grew rapidly since the launch and already supports other altcoins. As previously reported, Binance clocked $4.2 billion from trading volumes on its P2P exchange a year ago and according to the data from Coin Dance, LocalBitcoins generated about $2 trillion in volume while Paxful scored $1.6 trillion in the same time.

As recently reported, LocalBitcoins is no longer available in Russia without using additional tools like VPN. The LocalBitcoins exchange gets blacklisted in Russia as local telecom regulator Roskomnadzor placed the URL on a register of platforms disseminating prohibited information.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/cardano-news/btc-exchange-localbitcoins-adds-cardano-doge-and-more/

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Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: Report

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Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

Robinhood to Add Crypto Wallet and Transfer Features

Investing app Robinhood is “quietly” testing several new features, Bloomberg reported Monday, describing:

Robinhood Markets Inc. is testing new crypto wallet and cryptocurrency transfer features for its app.

Evidence of the new features has appeared in a beta version of Robinhood’s iPhone app, the publication conveyed, adding that the planned offerings were discovered by software developer Steve Moser.

Robinhood CEO Vlad Tenev previously said that adding a crypto wallet is a priority for the company’s developers but did not indicate when the launch would be. He said on the company’s second-quarter earnings call:

It’s something that our teams are working on. The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.

Tenev noted that these features are particularly in demand among dogecoin (DOGE) enthusiasts.

Cryptocurrency trading on Robinhood reached record levels in the second quarter, accounting for more than half of all transaction-based revenues. The meme cryptocurrency dogecoin in particular made up 62% of the crypto trading volume in the second quarter.

The new crypto features are being tested as part of an “alpha program,” information within the code of the Robinhood app shows. The publication further noted that the code also revealed the company’s plans for “spare change investing and an early-deposit option for checking accounts.”

What do you think about Robinhood testing new features? Let us know in the comments section below.

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Source: https://news.bitcoin.com/robinhood-testing-new-crypto-wallet-and-cryptocurrency-transfer-features-report/

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Kraken App Adds Apple Pay and Google Pay Integration

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We are excited to announce that Kraken now supports Apple Pay and Google Pay in the Kraken App. 

At Kraken we are committed to continually offering faster, easier and more convenient ways for our clients to buy crypto. 

The Kraken App (available in the Apple App Store or Google Play Store) will automatically connect with your existing Apple Pay or Google Pay account. From there, purchasing crypto can be completed in three simple steps. 

  1. In the Kraken app, select the ‘Buy’ crypto button and choose your preferred cryptocurrency (or select the ‘Buy’ button while on an individual token page).

  2. Enter the amount of crypto you wish to purchase and use the ‘Pay With’ option to select Apple Pay or Google pay.
  3. Review and confirm your purchase.

Please note that there is a minimum purchase amount of $10 and a maximum purchase limit of $7,500 during a seven-day rolling period. 

With the addition of Apple Pay and Google Pay, we take yet another step forward making it easier to make crypto part of your daily experience. Happy trading!

-Team Kraken

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Source: https://blog.kraken.com/post/10919/kraken-app-adds-apple-pay-and-google-pay-integration/

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Solana Blamed “Denial Of Service Attack” For Recent Downtime

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Solana blamed “denial of service attack” for the recent downtime that we reported in our previous altcoin news.

Solana blamed and pointed out in its initial postmortem report of the network outage that it happen due to a “denial of service attack.” The foundation said that a flood of transactions caused by the bots was actually a denial of service attack. After a few weeks of upward momentum, during which time the price of the coin multiplied about five times in value as Solana hit a serious roadblock a week ago when the blockchain network went offline for more than 17 hours starting on September 14. the Foundation issued an initial report of the event and cast the rood cause in some new light.

poly network hackers, theft, funds,
The Indian police is more active in its cases to bring crypto scammers behind bars.

Most of the information in the report confirms that was tweeted a week ago on the Solana official Twitter accounts or that of the Solana CEO Anatoly Yakovenko so in essence the network got overwhelemd by a flood of incoming transactions which the Foundation pegged previously up to 40,000 per second. The flood started during the launch of the initial decentralized exchange offering or an IDO which was hosted on the Solana-based decentralized finance protocol Raydium. The IDO is a type of token launch which happens on a DEX rather than the initial coin offering on a centralized exchange.

In this case, the IDO was for Grape Protocol as a widely used Solana toolset for the DeFi developers and the network got fast overwhelemd by the transactions generated by bots that were trying to break the way to success in the token offering. The transactions overwhelmed the network and caused a crash due to the amount of memory being used so the network stopped producing blocks when it could not consensus over the current status of the blockchain. A week ago, Solana pegged resource exhaustion as the cause of the downtime.

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While the reports still line up with last week information, Solana pointed:

“The cause of the network stall was, in effect, a denial of service attack.”

While not a traditional DDOs attack, Solana’s statement suggested that the end result was still similar. The network’s validators chose to update and restart the network which created a hard fork and took 14 hours to coordinate and to restart the effort, requiring 80% of validators to get the network up and running.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/altcoin-news/solana-blamed-denial-of-service-attack-for-recent-downtime/

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