Daily Archives: August 1, 2022

Bitwage Partners With Edge Wallet and Casa to Streamline Bitcoin Payroll Services to Mainstream Audiences – Bitcoin News

Bitwage Partners With Edge Wallet and Casa to Streamline Bitcoin Payroll Services to Mainstream Audiences – Bitcoin News

The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code.

Crypto Payroll Company Bitwage Partners With Casa and Edge Wallet

Since John Lindsay and Jonathan Chester launched Bitwage in 2014, the company has offered bitcoin (BTC) and cryptocurrency wage payment services to people in countries all around the world. Following the company’s announcement that the Ultimate Fighting Championship (UFC) Strawweight Luana Pinheiro would get paid in BTC via Bitwage’s payroll services, Bitwage announced that it has partnered with the wallet companies Edge Wallet and Casa.

Before partnering with Casa and Edge, Bitwage users needed to provide a wallet address in order to leverage the company’s payroll services. However, Casa and Edge Wallet users can now utilize a QR code or deep link “without any need for manual public key exchange,” Bitwage detailed on Monday. Bitwage believes the feature is an exciting improvement for the company’s customers.

“This partnership is exciting because it creates access for an entire generation of beginner crypto users,” Bitwage’s August 1 announcement details. “While experienced users still have the ability to connect an address from any wallet, new users have the option of having a friendly and secure experience for finding their first wallet and connecting it to Bitwage.”

“Our collaboration with Bitwage on creating and deploying the Request for Address protocol represents our laser focus on making crypto easy and seamless to end users,” Paul Puey, the CEO and co-founder of Edge Wallet explained in a statement sent to Bitcoin.com News. “Finally users can eliminate the need to copy and paste addresses between apps and websites when needing to request crypto into their wallet,” Puey added.

Interest in Crypto Payroll Services Has Increased During the Last 4 Years

Cryptocurrency payroll services have become very popular during the last four years. The crypto payment processor based in Atlanta, Bitpay, introduced payroll services in 2020. NYDIG also provides bitcoin payroll services and on July 14, the company announced it inked a deal with the Major League Baseball (MLB) team the New York Yankees.

The announcement detailed that NYDIG will provide bitcoin payroll to the Yankees’ players and employees. During the announcement, Bitwage co-founder Jonathan Chester explained on Monday that people leveraging non-custodial wallets teaches them how to bank for themselves.

“Education is a very important part of the Bitwage experience, and part of this experience is helping our users understand wallets while teaching them how to be their own bank,” Chester, the CEO of Bitwage said. “Edge and Casa are two of the best and most secure wallets on the market. Our partnership with these wallets is just the beginning of our journey to educate millions of workers around the world about bitcoin, cryptocurrency, and stablecoins and what it means to get paid in these currencies.”

Tags in this story
Bitcoin, Bitcoin Payroll, BitPay, bitwage, Bitwage Crypto Payroll, casa, Crypto, crypto assets, crypto payments, edge wallet, Financial Tech, Fintech, Jonathan Chester, New York Yankees, non-custodial wallets, paid in bitcoin, paid in crypto, Paul Puey, payment services

What do you think about the crypto payroll services company Bitwage partnering with Casa and Edge Wallet? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Coinbase Prime grows its staking offering with ETH | by Coinbase | Aug, 2022

Coinbase Prime grows its staking offering with ETH | by Coinbase | Aug, 2022

Tl:dr: We’re launching Ethereum staking to US domestic institutional clients on Coinbase Prime. Using our industry-leading cold storage, clients can now generate yield by staking ETH.

By Aaron Schnarch, Vice President of Product, Custody

Fully-integrated staking on Coinbase Prime

Coinbase Prime provides institutions with an end-to-end staking experience. Clients can create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account.

Securing client funds is our highest priority. We hold withdrawal keys in our cold storage custody vault at all times, meaning staked ETH and accumulated yield are always safe. To further ensure the security of client accounts, staking transactions must first complete consensus before they are executed.

ETH vs ETH2

The term eth2 has been used frequently to describe an upgrade to the Ethereum network that aims to improve the network’s security and scalability. This upgrade involves a shift in Ethereum’s security model from mining (“Proof-of-Work”) to staking (“Proof-of-Stake”).

Once a client stakes their ETH, our system uses the ticker ETH2 to represent those staked ETH tokens. Note that there is no separate/new “eth2” token or asset. The price of ETH and ETH2 is identical. Once the upgrade to the Ethereum network is complete, the tickers ETH and ETH2 will merge into a single ticker: ETH. The merge is currently expected to occur in September 2022, so moving forward you likely will see the term ETH2 fall into disuse.

Why institutions are staking

Staking can offer passive income on assets already held in custody by providing useful work in the form of security to the underlying blockchain. The Ethereum blockchain rewards stakers that do a good job, but also punishes those that fail in their duties, for example by having downtime. This is why it’s important to stake with a reputable and effective provider to earn maximal rewards while minimizing risk.

Staking rewards for most assets can be thought of similarly to compound interest, not unlike in traditional markets when dividends are reinvested. Because staking rewards are paid in the token being staked, users may “reinvest” those tokens to receive a higher payout at the next period. Furthermore, staked tokens are typically stored within their respective wallets, meaning that users earn yield without rehypothecation.

Staking on Coinbase Prime

With Coinbase Prime, institutional customers have the ability to stake their ETH and a number of other assets to begin generating yield. Staking is also supported for Solana, Polkadot, Cosmos, Tezos, Celo, and more. Read more about institutional staking in our Staking 101 for Institutions article.



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ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier

ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier

It’s game face on for the bulls as Cardano (ADA) swerved up to $0.54 as seen overnight. ADA price spotted below key resistance level of $0.55. Meanwhile, traders are optimistic that a looming breakout may happen up to $0.6 by next week.

Cardano (ADA) price is on a bull run as the price shoots way up forming a bullish hammer pattern seen on the daily chart.

The uptrend precipitated on July 27, 2022 with the price spotted at $0.45 has pushed ADA price to incredible heights with its 30-day high of $0.55.

ADA Seen Spiking To $0.6 In The Coming Days

As of press time, ADA price is seen under the $0.55 resistance zone with a triple top formation circling the area. More so, ADA price has soared by over 22% in the past five days and can still spike to as high as $0.6 in the coming days.

The crypto market has been showing confusing signals overnight especially as BTC jumped close its target of $24,000 mark and with Ethereum consolidating at $1,700. Consequently, XRP plunged to $0.39 along with DOGE that also declined by $0.07. Moreover, SOL also plunged by 4% and DOT spiked by 6%.

Judging by the 24-hour chart, ADA price is seen to cascade and form an extending ascending triangle pattern peaking a 30-day high seen at $0.55. ADA price spike was followed by the formation of a sideways pattern with the price range of $0.45 to $0.50.

ADA’s RSI Signals A Bullish Momentum

It’s 24-hour RSI signals that it is drawing close the overbought zone spotted at 60.09, which could either trigger a bull run or could pull ADA price further downwards. ADA trading volume in the past 24 hours has seen a plunge of 24% which suggests that traders are on pause to figure out the next pattern.

More so, the MACD or Moving Average Convergence Divergence curve still shows bullish momentum and has been gaining a lot of traction with bullish divergence.

Around 53 Fintech experts laid out their price prediction for Cardano in July 2022. These crypto specialists predicted that ADA is set to end 2022 at a price of $0.63.  Basically, judging by the current ADA price of $0.5, the forecast gives a pump in price of 26% by the end of 2022.

Cardano initially had a higher price forecast of $2.79 in January but its rivals such as Polkadot, Tron, Polygon, Solana, Avalance, and BNB Chain gives the coin a “win it or lose it” game plan. There is basically no gray area for ADA or other altcoins at this point.

Moreover, other Fintech experts say that Cardano seem to fall short in terms of delivery of updates as well as in attracting more projects. 

ADA total market cap at $384 billion on the daily chart | Source: TradingView.com

Featured image from ZyCrypto, chart from TradingView.com



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New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash

New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash

New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower.

In a Monday notice, James called on New York-based crypto users who have been locked out of accounts at exchanges or lending platforms, unable to access funds, or “deceived about their cryptocurrency investments” to contact the Office of the Attorney General. As a whistleblower, an individual filing a complaint with authorities could be kept anonymous — the New York Attorney General’s website already includes the option to submit relevant documents and information through a Tor Browser.

“Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” said James. “I urge any New Yorker who believes they were deceived by crypto platforms to contact my office, and I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint.”

The AG specifically called for investors whose funds may have been affected by the Terra (LUNA) — now renamed Terra Classic (LUNC) — crash, as well as those whose withdrawals wepaused or accounts frozen on staking or yield generation platforms including Celsius, Voyager, Anchor and Stablegains. The New York AG’s Investor Protection Bureau will process any complaints received.

Related: Facebook whistleblower warns Metaverse will repeat ‘all the harms’

In terms of enforcement among crypto firms, the New York Attorney General’s office has seemingly been at the forefront among state and federal authorities in the United States. In October 2021, the AG cracked down on two crypto lending platforms it alleged had been operating in the state illegally by selling and offering securities and commodities. James’ office also warned crypto users in June — amid the falling prices of major tokens — of the risks of the market, with investors losing “​​hundreds of billions.”