Latest news with #Binance
Business Insider
8 hours ago
- Business
- Business Insider
Enkrypt integrates SPACE ID's Payment ID for seamless CEX transfers
Full SDK integration radically simplifies crypto transfers across leading chains Leading digital identity platform SPACE ID is pleased to announce that Enkrypt, the multi-chain wallet developed by MyEtherWallet (MEW), has integrated its Payment ID solution, which allows Enkrypt users to send crypto to any centralized exchange (CEX) on any chain with just one simple name. Payment ID replaces clunky 42-character deposit addresses with a human-readable name, like 'alice', mapped to all CEX deposit addresses on any chain, drastically reducing the risk of copy-paste errors or wrong address deposits that still plague the web3 space. Payment ID doesn't even require a domain name - just a simple registration with an email address. On top of this, Enkrypt has integrated SPACE ID's proprietary SDK, which allows wallet users to use any SPACE ID domain name, such as .bnb and .arb, as well as Unstoppable Domains' native domain, .crypto, for seamless crypto transfers between web3 wallets, including MetaMask. Harrison Seletsky, Director of Business Development at SPACE ID, says: 'We're excited to be working with two leading infrastructure projects in the web3 space - Enkrypt and Unstoppable Domains - to finally begin creating a more unified and interoperable crypto payments ecosystem.' SPACE ID's Payment ID system officially launched in April on MetaMask and Binance. This latest integration marks another step toward making crypto transfers from web3 wallets to CEXs more seamless and secure, ultimately bringing the web3 user experience closer to what users are accustomed to in the web2 world. Kosala Hemachandra, CEO and Founder at MyEtherWallet & Enkrypt, says: 'It has been our goal from day one, nearly a decade ago, to make crypto and web3 easy for normal people to use. Adding multi-chain support for domain names and Payment ID aligns with our vision, and SPACE ID was the perfect partner to continue this endeavor!' With this integration, Enkrypt becomes one of the first wallets to offer native support for both Payment ID and SPACE ID's universal identity infrastructure, radically simplifying the crypto transfer process for its users. The multi-chain collaboration between three leading payments and digital identity players is just one step in SPACE ID's mission to unite the web3 space and make it truly interoperable, removing the need for bridging, copy-and-paste errors, and lengthy deposit addresses. About SPACE ID SPACE ID is the leading digital identity platform, powering trustless identity solutions for users, AI agents, dApps, and beyond. With over 6.7M registered domains and 2.7M owners supported across BNB Chain, Arbitrum, Ethereum, Story Protocol, and more, SPACE ID is setting the standard for secure and verifiable web3 identities. To learn more about SPACE ID, users can visit About Enkrypt Enkrypt is a multichain, self-custodial, and open-source web3 wallet developed by MEW(MyEtherWallet), the same team that has made Ethereum easy and secure to use since 2015. Enkrypt allows users to manage all their crypto assets and access favorite DApps across multiple chains and ecosystems, including Ethereum/EVM, Bitcoin, Solana, Polkadot, and beyond. Enkrypt enables multichain convenience like never before by allowing account and chain switching with a single click, with one recovery phrase for all accounts. Featuring hardware support, phrase import, and multiple accounts across various networks, Enkrypt is a wallet that goes anywhere users need to go in web3. Welcome to the multichain future. Press Contacts SPACE ID Anna Fedorova anna@ Enkrypt Vince Major VinceM@ Contact Anna Fedorova
Skift
9 hours ago
- Business
- Skift
Boeing's Political Cash, Bhutan's Crypto Tourism and U.S. Flight Spending
For Friday's podcast we count up Boeing's lobbying dollars, look at Bhutan's crypto push, and add up flight bookings in the U.S. Skift Daily Briefing Podcast Listen to the day's top travel stories in under four minutes every weekday. Listen to the day's top travel stories in under four minutes every weekday. Skift Travel Podcasts Good morning from Skift. It's Friday, June 20. Here's what you need to know about the business of travel today. Even before last week's Air India crash brought renewed scrutiny to Boeing's safety practices, the company had been ramping up its political spending in Washington, writes Contributor Dave Levinthal. During the first five months of 2025, Boeing's federal PAC distributed nearly $1 million among almost 300 political committees. These include the campaigns of dozens of members of Congress. The company, a major federal defense contractor in addition to its status as a civil aviation behemoth, also maintains a large force of D.C. lobbyists. Since 2008, Boeing has spent at least $11.9 million annually on federal lobbying efforts. In recent years, Boeing has faced heavy criticism for its corporate safety culture, with federal lawmakers hauling top executives before their congressional committees multiple times. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, Bhutan has launched the world's first nationwide crypto-based tourism payment system, writes Asia Editor Peden Doma Bhutia. Partnering with crypto payment unit Binance Pay, and DK Bank, Bhutan now lets visitors pay for nearly everything in cryptocurrency — from visa fees and flights to local handicrafts and fruit at a roadside stall. This marks the first time a nation has integrated cryptocurrency payments across its entire tourism economy. The system works with Binance Pay and travelers can pay in more than 100 cryptocurrencies. DK Bank, the country's first fully digital, state-owned bank, converts payments instantly into Bhutan's local currency. For businesses, especially those in rural areas, the new system allows access to a global payment network, without the need for international banking links or expensive card terminals. Finally, U.S. flight sales through travel agencies are down overall, but online agencies have shown gains throughout the year, reports executive editor Dennis Schaal. Sales through OTAs rose 8% in May while those through traditional leisure agencies dropped 5%, and corporate travel agencies saw an 8% decline. has been expanding its flights business and now outsells Expedia, according to Skift Research.
IOL News
12 hours ago
- Business
- IOL News
Crypto traders, pay attention: legal changes are coming
South Africa's exchange control rules are laws that decide how money can move in and out of the country. They affect how much forex you can buy, how you invest overseas, and how businesses move funds across borders, says Davron Chanderdeo. A RECENT High Court ruling just confirmed something many of us in the crypto world have known for a while. South Africa's laws around money, especially when it comes to crypto, are completely outdated. Judge Mandlenkosi Motha ruled that the country's exchange control regulations, which were written way back in 1961, don't apply to cryptocurrencies like Bitcoin. That's a big deal, because up until now, traders and investors have been operating in a confusing space, unsure what the rules really are. So, what does this mean if you're trading crypto on Luno, VALR, or Binance? Whether you're an investor, casual buyer or someone who trades daily, here's how this decision affects you and what you should do next. Why this ruling matters South Africa's exchange control rules are laws that decide how money can move in and out of the country. They affect how much forex you can buy, how you invest overseas, and how businesses move funds across borders. Until now, there's been no clear rule about where crypto fits. Is it like rand? Is it a foreign investment? Or is it something totally new? Someone can transfer Bitcoin from Cape Town to a family member in Hong Kong in a matter of minutes and that transaction, under current law, isn't clearly defined as foreign or local. The court said: crypto is not covered by the old rules. It's time for new laws made just for digital currencies. So what changes for traders or the everyday South African? Let's break it down with a few real-life examples. You're trading from your couch: You buy Bitcoin on Luno, then move it to Binance for better trading options. Under the old rules, it was unclear whether that was considered 'sending money offshore'. Now? The court says crypto isn't covered, so you're technically not breaking exchange control laws. But this may change once new rules come in. You work for a financial firm or are an avid investor: Let's say your firm wants to launch a crypto ETF or offer Bitcoin as one of the assets in a pension fund. Right now, that's risky, because crypto isn't clearly identified as an onshore or offshore asset. Furthermore, Regulation 28 of the Pension Funds Act allows limited exposure to crypto assets (up to 10%), but asset managers remain cautious due to FSCA guidance and ongoing market volatility. This ruling could pave the way for investment houses to get involved which means more opportunities and better products for everyday investors. The bigger picture: why regulation is good for you Let's face it, most South Africans don't like the idea of more rules. But in the crypto world, the right regulation doesn't mean more red tape, it means more protection, less risk, and real growth. According to the Financial Sector Conduct Authority (FSCA), crypto-related scams are on the rise in South Africa, particularly across social media platforms like WhatsApp, Facebook, and Instagram. Fraudsters often impersonate legitimate traders or companies, promising unrealistic returns and then vanishing once funds are transferred via Bitcoin or other crypto. These scams exploit crypto's semi-anonymous nature, making it harder to trace transactions and recover funds. A 2023 FSCA report warned that South Africans lost over R500 million to crypto scams in just one year, with most scams originating via social media or messaging platforms. So why would these scammers ever stop? While there's currently no formal government-mandated transaction declaration process between crypto wallets, increased regulation may soon require verified identification through Know-Your-Customer (KYC) processes at local and international exchanges. This would make it harder for criminals to use crypto anonymously and easier for authorities to trace illicit activity. Implementing regulation will: - Help prevent scams by setting minimum standards for exchanges and wallet providers. - Make tax reporting easier, so you know what you owe and can plan properly. - Encourage large institutional investors (like pension funds and asset managers) to enter the market, bringing stability and liquidity. - Create a legal path for innovation, like launching crypto linked debit cards, savings products, or smart investment platforms. My final thoughts are that this ruling is a win for the crypto community, but it's also a wake-up call: the wild west era of trading is ending. That's not a bad thing, it means South Africa is taking crypto seriously. And when the law takes something seriously, so does the market. Traders who stay informed, track their gains, and keep things clean will benefit the most. Crypto is here to stay. With the right legal framework, it can shift from the margins to the mainstream, unlocking innovation, securing investor trust, and contributing meaningfully to South Africa's financial ecosystem.
Time Business News
12 hours ago
- Business
- Time Business News
FastKYCVerify vs Other KYC Sellers – Who's the Best in 2025?
In 2025, the demand for KYC verified crypto accounts has exploded. With stricter KYC policies and increasing wait times on platforms like OKX, Paxful, Bybit, and traders are turning to third-party sellers for instant access. But with so many KYC sellers out there — some legit, others shady — it's tough to know who to trust. That's why we're comparing the top KYC providers to help you figure out who's really the best option this year. And spoiler: continues to stand out. Let's break it down. Before comparing sellers, here's what most traders care about: ✅ Instant delivery ✅ Clean, private KYC accounts (not recycled) ✅ Trusted for platforms like OKX and Paxful ✅ Responsive customer support ✅ Fair pricing with no scams or delays FastKYCVerify has earned a reputation for being fast, transparent, and reliable. Here's what makes them the go-to choice: Time is money in crypto. Whether you need a KYC Verified OKX Account or a KYC Verified Paxful Account, FastKYCVerify delivers credentials within 5–10 minutes, no waiting around. 'I needed a KYC-verified OKX account for trading bots. Got it in 6 minutes. Worked perfectly.' — Karan D., India FastKYCVerify offers real-time customer service through: No 'seen and ignored.' Real people. Real help. Unlike other sellers who only offer Binance or FastKYCVerify covers: ✅ KYC Verified OKX Account ✅ KYC Verified Paxful Account ✅ Bybit ✅ ✅ Bitget and more So whether you're flipping tokens or managing bots across platforms, they've got you covered. Each account is: 🔒 Fully verified 🔄 Not reused 🚫 Not linked to other users 💡 Delivered with optional email access (if requested) 'I've been using my Paxful account from them for 3 months without a single issue. Clean account, never flagged.' — Sarah K., UAE Unlike Telegram sellers who ghost after delivery, FastKYCVerify stands by their service. If you face a login issue, they'll replace your account — no drama. Feature FastKYCVerify Random Telegram Seller Unknown Forum Seller Instant Delivery ✅ Yes (5–10 mins) ❌ Hit or miss ❌ May take hours/days Verified OKX & Paxful Accounts ✅ Yes ⚠️ Not always available ❌ Limited availability Support (Telegram, Signal, Email) ✅ 24/7 ❌ Often unresponsive ❌ Usually disappears Clean, Unshared Accounts ✅ Always ❌ Sometimes recycled ❌ Often flagged accounts Replacement Guarantee ✅ Yes ❌ None ❌ None Reputation & Reviews ✅ Trusted by traders ❌ Unknown ❌ Not verified If you're looking for: A KYC Verified OKX Account A KYC Verified Paxful Account Instant access without the KYC wait Clean, private, and secure logins Real support that doesn't vanish Then is easily your best choice in 2025. Thousands of traders have already made the switch — and their 5-star reviews speak for themselves. Trade smarter. Start instantly. Go with the platform that traders actually trust. TIME BUSINESS NEWS
Yahoo
a day ago
- Business
- Yahoo
Crypto Exchange Kraken Adds Bitcoin Staking Via Babylon as BTC Driven DeFi Picks Up
Crypto exchange Kraken has launched bitcoin BTC staking through a new integration with Babylon, as decentralized finance on BTC picks up. Babylon is a Bitcoin-native protocol that enables BTC to secure proof-of-stake (PoS) networks without leaving the blockchain. The service allows Kraken users to stake their bitcoin directly, locking it in a custodial vault on the native chain. The staked bitcoin is then delegated to PoS networks via Babylon, and rewards are paid in BABY, the token of Babylon Genesis, a bitcoin-secured Layer 1, Kraken said. Bitcoin has historically been used as a store of value and a medium of exchange. The advent of novel security sharing protocols has made BTC staking a third native use case, bitcoin DeFi, for the world's largest cryptocurrency. The Bitcoin network is "evolving into a broader decentralized finance ecosystem with the emergence of Bitcoin DeFi," Binance Research said in a report in March. Only ~0.8% of the bitcoin supply is currently being used in DeFi, and this presents a large "untapped opportunity," the report said. Binance, the competing crypto exchange of Kraken, also offers a bitcoin staking opportunity on its platform through Babylon. 'With this launch, clients can earn a return on their BTC while also enabling emerging PoS blockchains to benefit from the economic weight of bitcoin in order to validate transactions and bolster the security of their networks,' said Kraken's Global Head of Consumer, Mark Greenberg, in the release. The mechanism is fully on-chain, with staking governed by Bitcoin scripts and cryptographic safeguards to deter malicious behavior. Users can unstake at any time, with around a 7-day unbonding period. The crypto exchange first introduced custodial staking in 2019. The bitcoin staking feature is now available across all Kraken platforms.
