💡💡 SpacePay is changing the way businesses accept crypto payments 💎💎💎

The perception of money has undoubtedly changed since the introduction of cryptocurrencies. This is mainly because sending and receiving money with cryptocurrencies is the easiest method

What is SpacePay?⬇️⬇️⬇️

SpacePay is a software solution for paying for digital assets. The project is based on bridging the gap between the old financial system and the blockchain.

To bridge this gap, SpacePay offers a software solution that allows businesses to integrate cryptocurrency payments into their usual card readers. Consumers can now make everyday purchases using digital currencies from over 325 wallets.

SpacePay seeks to solve some fundamental challenges currently affecting the traditional payments business. Security risks, privacy concerns, and lack of transparency are some of the most well-known difficulties with centralized payment systems.

#BTC☀ #NewsAboutCrypto #SpacePay

Crypto Exchange BingX Vows to Compensate Users After $43M Hack

However, blockchain security firm PeckShield reported that the security breach actually led to a $43m loss, primarily involving Ethereum and BNB Chain. At first, the firm had pegged the number to be around $26m.

PeckShield observed that the hacker swiftly exchanged the majority of the pilfered assets for about 4,526 $ETH and 7,864.7 $BNB. As of its last update, the stolen funds totaled 5.3K ETH, 4.1K BNB and 1.65M MATIC.

#BTC☀ #BingX #ETH🔥🔥🔥🔥

🌟 Crypto Market Reacts to European Central Bank’s Interest Rate Decision 🏦

The crypto market continues to see eventful days. The process, led by Bitcoin, is making investors happy with many altcoin projects. Developments closely related to risky investment products like crypto assets continue to make the news. Most recently, the European Central Bank announced on March 7th that it would keep interest rates unchanged.

One of the most significant pieces of data during this period was the European Central Bank’s decision on interest rates. According to the data presented to the public, as expected by the market, the European Central Bank left the interest rate unchanged, taking a step in line with market expectations. At the time the decision was shared with the public, Bitcoin was trading at $66,730.

#TrendingTopic #Europe

XRP price dips below critical support ahead of key development in SEC v. Ripple lawsuit

XRP price declined to $0.62 on Thursday; the altcoin dropped below key support at $0.65.

#TrendingTopic $XRP

The SEC is preparing its remedies-related opening brief for the March 22 deadline in the Ripple lawsuit.

Ripple’s CLO criticized the regulator, highlighting a comment by a judge on the SEC’s “vague and loosey-goosey” rules.

XRP price nosedived below an important support level for the altcoin, at $0.65. The altcoin is trading at $0.62 on Thursday. An important deadline in the SEC v. Ripple lawsuit is fast approaching and the regulator is set to present its remedies-related opening brief on March 22.

Technical Analysis: XRP price could correct further and sweep key psychological level
XRP price declined to $0.62 on Thursday. The altcoin is likely to sweep the psychologically important level of $0.60 before beginning a recovery. XRP price could resume its uptrend once the correction is complete.

XRP price could find support at the 50% Fibonacci retracement level of its rally to the 2024 high, at $0.5769, in the event of a decline. A daily candlestick close above the 78.6% Fibonacci retracement level at $0.6293 could invalidate the bearish thesis.

#As data from L2Beat shows, there are currently 44 active Ethereum Layer 2 networks with a cumulative Total Value Locked (TVL) of around $36 billion.

According to Manta COO Kenny Li, “only a few” of these Ethereum scaling protocols will survive the next five years, as he emphasized in an interview.

Only blockchains with a “modular” approach, such as Celesita, Cosmos or Manta, meet the requirements for a successful future, it continues.

Modular blockchains are networks that export their core tasks (execution, settlement, consensus and data availability) to external blockchains. This offers greater design flexibility, but also introduces security risks.

Manta leverages the Optimism and Celestia OP stack for data availability. In terms of TVL, Manta is the fourth largest Layer 2, after Arbitrum, Optimism and the recently launched Blast.

#TrendingTopic $ETH