Tag: Ethereum

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India Aims to Roll Out Digital Currency by Next Year – Top Crypto News

India aims to roll out digital currency by next year: Finance Minister

Finance Minister Nirmala Sitharaman said India aims to introduce digital currency by 2023. “The government and RBI are looking into its several commercial use purposes and not just financial inclusion, which is largely achieved through the JAM trinity (Jan Dhan-Aadhaar-Mobile),” she said. The minister also said India will take a considerate decision on regulation around virtual currencies.

Crypto prices today: Bitcoin rises 1.9%, ETH up 0.5%

Bitcoin is currently trading at $39,379.2 a 1.94% increase over the previous day. Ethereum is up 0.5% over the last 24 hours to $2,884.92. Solana rose 0.7% to $99.18, while Cardano is trading lower by 0.61% at $0.836. Avalanche (AVAX) fell 0.96% to $69.48. The global crypto market cap stands at $1.80 trillion, a 1.12% increase over the previous day.

Coinbase lists competitor Binance’s stablecoin BUSD

Coinbase has listed Binance USD (BUSD), the crypto exchange’s U.S. dollar-backed stablecoin, for trading on the Ethereum network. That makes it the eighth stablecoin to be offered by Coinbase. The main stablecoins listed on Coinbase include Tether (USDT), USD Coin (USDC), TerraUSD (UST), Dai (DAI), Paxos Standard (PAX), Rai Reflex Index (RAI), and mStable USD (MUSD).

BlackRock launches its first crypto-exposed ETF

BlackRock has listed its iShares exchange-traded fund (ETF) to allow investors to gain exposure to the crypto market. The iShares ETF seeks to track the investment results of an index composed of US and non-US companies involved in the development, innovation, and utilization of blockchain and crypto technologies. BlackRock is the world’s largest asset manager.

Goldman Sachs to explore tokenization of real assets

Goldman Sachs is examining non-fungible tokens (NFTs) and particularly the tokenization of real assets. The Metaverse, where real-world assets like real estate are bought and sold as NFTs, has caught the attention of big names in financial services and a range of other industries.

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Brazil Passes Bill to Regulate Crypto – Top Crypto News

Brazil passes bill to regulate crypto

The Brazillian Senate has passed a bill to regulate cryptocurrencies in the country. As per the system proposed by the Senate, crypto legislation would be the responsibility of the executive branch of the government. The branch will have the option of creating a new regulator for crypto or delegating jurisdiction to the Securities and Exchange Commission (CVM) or the Brazilian Central Bank (BC).

Crypto prices today: Bitcoin falls 4.3%, ETH down 4%

Bitcoin is currently trading at $38,744.2 a 4.3% decline over the previous day. Ethereum is down 4.1% over the last 24 hours to $2,874.5. Solana fell 2% to $98.7, while Cardano is trading lower by 4.8% at $0.846. Terra (LUNA) fell 6.5% to $90.03. The global crypto market cap stands at $1.79 trillion, a 3.8% decline over the previous day.

Revolut eyes expansion into mortgages, crypto wallets

Digital banking platform Revolut is working on expanding into decentralised crypto wallets and is also looking at the mortgage sector. The UK-based company is pushing ahead with its strategy to become a so-called “superapp”. Revolut, which currently offers payments services, crypto trading, savings accounts, and stock trading, plans to launch a buy now, pay later product. 

Buenos Aires to allow residents to make tax payments with crypto

Argentina’s capital Buenos Aires will allow the payment of taxes using cryptocurrencies. Payments made in crypto will be converted to the local fiat currency (the Argentinian Peso) before being deposited to the tax agency. This initiative is part of the city’s digitization push to broaden the access of citizens to documents and government services.

Bitcoin struggling to take off in El Salvador: Report

Last year, El Salvador became the first country to make Bitcoin a legal tender. However, a new report by the National Bureau of Economic Research says that not many citizens are using the digital asset. Many Salvadorans have stopped using the government’s Bitcoin wallet known as Chivo. Only a tiny fraction reported using it for remittances, taxes, and daily purchases.  

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SEC Adds ‘Misleading’ Crypto Firms to Public Alert List – Top Crypto News

SEC adds ‘misleading’ crypto firms to public alert list

The US Securities & Exchange Commission (SEC) has added “misleading” crypto trading firms to its list of unregistered entities. The SEC launched the Public Alert: Unregistered Soliciting Entities list in 2007. It now includes “SuperBinance” and “Superfxtrading,” which takes advantage of investors confusing them with Binance and FTX. There’s also a “Gemini M&A” impersonating the Goldman Sachs mergers & acquisition deal-making app, Gemini.

Crypto prices today: Bitcoin rises 5.2%, ETH up 6.5%

Bitcoin is currently trading at $40,468.76, a 5.2% increase over the previous day. Ethereum is up 6.5% over the last 24 hours to $2,992.46. Solana rose 5.64% to $100.58, while Cardano is trading higher by 5.8% at $0.887. Terra (LUNA) jumped 9.15% to $96. The global crypto market cap stands at $1.86 trillion, a 3.83% increase over the previous day.

NFL releases 2022 Draft ‘Virtual Ticket’ NFTs on Flow

The National Football League (NFL) has released Draft-themed NFT collectibles minted on Flow. Each of the league’s 32 teams is offering 52 NFTs that sell for $52 each. Each NFT is dubbed a “virtual commemorative ticket” for the NFL Draft. However, it does not serve as an actual access pass to the live event in Las Vegas. 

Abu Dhabi licenses Kraken to operate crypto exchange

Abu Dhabi Global Market (ADGM) has licensed the Kraken Group to operate a regulated virtual asset exchange platform in the financial-free zone. Kraken is the first global virtual assets exchange group in the United Arab Emirates to receive a full financial license from the ADGM. The Kraken MENA (Middle East & North Africa) aims to provide access to virtual assets through regulated funding, trading, and custodial services in dirhams. 

Central African Republic passes bill legalizing use of crypto

The Central African Republic has passed a law to accept Bitcoin as legal tender. As per reports, the law was unanimously supported by the National Assembly to assist the country’s economic recovery and peacebuilding efforts. However, experts still believe Bitcoin and other cryptos are too volatile to function as legal tender in modern economies.

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Twitter, Stripe Roll Out Crypto Payments for Creators – Top Crypto News

Bitcoin on a stack of coins with Twitter logo on a laptop screen. SLOVENIA, LJUBLJANA - 24 02 2019:

Twitter, Stripe roll out crypto payments for creators

Twitter has partnered with financial infrastructure platform Stripe to launch a pilot payout for creators. Stripe will initially release payouts using USD Coin (USDC), a stable coin pegged to the US dollar. Twitter will use this feature to pay out earnings from Ticketed Spaces and Super Follows. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology, and integration with Ethereum.

Crypto prices today: Bitcoin falls 3.2%, ETH down 4.7%

Bitcoin is currently trading at $38,500.93, a 3.2% decline over the previous day. Ethereum is down 4.74% over the last 24 hours to $2,814.74. Solana fell 6.3% to $95.27, while Cardano is trading lower by 6.65% at $0.837. Polkadot (DOT) crashed nearly 9% to $17.22. The global crypto market cap stands at $1.77 trillion, a 4.15% decline over the previous day.

Grayscale renews push with SEC for Bitcoin Spot ETF

Grayscale has renewed a months-long push to persuade the Securities and Exchange Commission to approve the conversion of its $40 billion Bitcoin Trust into an exchange-traded fund (ETF). Though the SEC has approved four Bitcoin futures ETFs so far, it has not approved a single Bitcoin spot ETF.

US bank regulator accuses crypto bank of compliance issues

The Office of the Comptroller of the Currency (OCC) in the US plans to start cease & desist proceedings against Anchorage Digital Bank National Association (ADBNA). The crypto bank failed to adopt a compliance program that meets the requirements of the Bank Secrecy Act and anti-money laundering rules.

Crypto trading volumes in Indian exchanges drop after new tax rules

The trading volumes on major Indian crypto exchanges has declined following the adoption of the new tax law. The volumes of four Indian exchanges— WazirX, ZebPay, CoinDCX, and BitBns— were compiled using data from CoinMarketCap and Nomics. Trading volumes in WazirX was down 72%, ZebPay down 59%, CoinDCX down 52%, and BitBns down 41%.

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Binance Recovers $5.8M Linked to Axie Infinity Hack – Top Crypto News

Binance recovers $5.8M linked to Axie Infinity hack

Crypto exchange Binance has recovered $5.8 million worth of stolen funds originating from an unprecedented Axie Infinity exploit in March. The hackers distributed the funds over 86 accounts. The massive $625 million exploit was tied by US security officials to North Korea’s “Lazarus” hacker group.

Crypto prices today: Bitcoin falls 3.2%, ETH down 2.9%

Bitcoin is currently trading at $40,537.1, a 3.23% decline over the previous day. Ethereum is down 2.9% over the last 24 hours to $2,994.9. Solana fell 4.3% to $101.69, while Cardano is trading lower by 3.43% at $0.911. Polkadot (DOT) fell 4.87% to $18.22. The global crypto market cap stands at $1.88 trillion, a 2.59% decline over the previous day.

Bitcoin firm Crusoe Energy raises $505M to grow flare-gas mining biz

Crusoe Energy Systems has raised $350 million in a Series C round led by G2 Venture Partners. It has also secured up to $155 million in credit from SVB Capital, Sparkfund, and Generate Capital. The US-based firm converts natural gas that would otherwise go to waste into power for Bitcoin mining.

India needs a single crypto regulator, says Polygon Co-Founder

India needs a single regulator to oversee all crypto-related matters, said Sandeep Nailwal, co-founder of Ethereum-scaling tool Polygon. He said the creation of a collective authority composed of representatives from the Reserve Bank of India, Securities & Exchange Board of India (SEBI), the Goods & Services Tax Council (GS), and the Finance Ministry would encourage projects like his own to set up shop in the country.

Solana-based climate change project employs ‘NFTrees’ to save rainforests

GainForest has partnered with the Environmental Ministry of Paraguay (MADES) to protect thousands of hectares of forest in Gran Chaco Americano. It is one of the most vulnerable areas to climate change, and one of the planet’s main carbon sinks. Those who provide donations to the project receive data drops and wildlife camera pictures connected to indigenous tribes, all in the form of non-fungible tokens, dubbed “NFTrees.”

Switzerland currently has the most profitable Bitcoin traders worldwide: Report

A study by online investing news and education platform Invezz revealed that Switzerland currently has the most profitable Bitcoin traders in the world. The country has the highest gains per investor at $1,268. However, only 1.8% of the country is invested in crypto. India was ranked 4th for the percentage of the population investing in crypto.

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US Govt Sanctions Russian Bitcoin Miner – Top Crypto News

US Government sanctions Russian Bitcoin miner BitRiver

The US Government has sanctioned a Russian Bitcoin miner. The Treasury Department’s Office of Foreign Asset Control has added Moscow-based BitRiver to its Specially Designated Nationals list. Ten Russia-based subsidiaries of BitRiver AG (BitRiver’s Switzerland-based holding company) were also added to the list. It is the first time the US has sanctioned a crypto mining company.

Crypto prices today: Bitcoin up 0.4%, ETH down 0.5%

Bitcoin is currently trading at $41,582.4, a 0.44% increase over the previous day. Ethereum is down 0.5% over the last 24 hours to $3,083.31. Solana fell 1.4% to $106.32, while Cardano is trading lower by 0.5% at $0.94. XRP fell 2.5% to $0.747. The global crypto market cap stands at $1.92 trillion, a 0.32% decline over the previous day.

Cricket NFT platform Rario raises $120 million in funding

Cricket non-fungible tokens (NFTs) platform Rario has raised $120 million in funding led by Dream Capital. The startup also counts Animoca Brands, Presight Capital, and Kingsway Capital as its investors. Dream Capital is the corporate venture capital arm of Dream Sports. This marks the first bet by the Dream11 parent company in the Web3 space.

Germany’s Commerzbank applies for local crypto licence: Report

Germany’s Commerzbank (CBK) reportedly applied for a crypto licence earlier this year. The application is to get authorization to offer exchange services along with custody and protection of crypto-assets. This move would make CBK the first major bank in Germany to move towards crypto adoption.

Mudrex becomes world’s largest crypto index investing platform

Global crypto asset management platform Mudrex witnessed a massive 2,400% surge in its platform’s user base in the first quarter of 2022. It has become the world’s largest crypto index investing platform. Interestingly, Indian users contributed the most to this exponential growth, with more than 80% of the increase coming from the country.

Coinbase NFT Beta goes live with no transaction fees

Crypto exchange Coinbase has announced the launch of its Web3 NFT Marketplace, Coinbase NFT. The company has begun with the beta version first, where only a handful of features will be available for the users. Beta users can buy and sell a wide range of NFT collections at zero transaction fees (for a limited period).

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EU Crypto Firms Protest Anti-Money Laundering Laws – Top Crypto News

EU crypto firms protest ‘alarming’ anti-money laundering laws

The crypto sector has written to European Union finance ministers and lawmakers to urge a rethinking of anti-money laundering rules the industry regards as “alarming.” The letter says current proposals to identify crypto users (known as the travel rule) endanger privacy and innovation in the EU. It will lead to the public disclosure of all transactions and digital asset wallet addresses, putting every digital asset owner at risk.

Crypto prices today: Bitcoin, ETH up 1.9%

Bitcoin is currently trading at $41,518.7, a 1.94% increase over the previous day. Ethereum is up 1.94% over the last 24 hours to $3,107.2. Solana rose 6.24% to $108.36, while Cardano is trading higher by 2.16% at $0.95. Terra (LUNA) has surged 6.81% to $95.2. The global crypto market cap stands at $1.93 trillion, a 2% increase over the previous day.

Robinhood Markets to acquire crypto app Ziglu

US-based financial services firm Robinhood Markets Inc. has signed a deal to acquire Ziglu Limited, a UK-based electronic money institution and crypto-asset firm. Ziglu will be integrated into Robinhood. The acquisition will help boost Robinhood’s expansion plans in the UK and Europe.

Indian Web3 startups flock to Dubai amid regulatory uncertainty, stiff taxes

Amidst regulatory uncertainties and the introduction of the crypto tax regime by the Indian government, many crypto and Web3 startups have moved base to Dubai. The emirate is gearing up to become the crypto capital of the world. Dubai has been fostering the expansion of the crypto sector by building a regulatory framework to attract crypto firms and expertise as regional economic competition heats up. 

NBA announces ‘dynamic’ Ethereum NFTs for Playoffs

The National Basketball Association (NBA) will begin minting its upcoming Ethereum NFT collection of 18,000 assets called The Association today. Each Association NFT represents a real NBA player in this year’s playoffs. There will be 75 NFTs of each player from the 16 different NBA teams participating.

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CoinDCX Tops $2B in Valuation – Top Crypto News

CoinDCX tops $2B in valuation as investors pump in $135 million

CoinDCX has raised $135.9 million (~Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital. It has doubled its valuation to $2.15 billion in just 8 months to become the most valued crypto trading platform in India. So far, CoinDCX has raised over $245 million. The trading exchange will use the funds to increase its headcount from 400 to over 1,000 by the end of next year.

Crypto prices today: Bitcoin, ETH up 4%

Bitcoin is currently trading at $40,727, a 4.3% increase over the previous day. Ethereum is up 4.5% over the last 24 hours to $3,047.97. Solana rose 5% to $101.99, while Cardano is trading higher by 5.5% at $0.93. Meanwhile, Terra (LUNA) has surged 15.85% to $89.1. The global crypto market cap stands at $1.89 trillion, a 4.34% increase over the previous day.

Biggest risk of crypto is laundering, terror financing: Finance Minister

The biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Finance Minister Nirmala Sitharaman. She added that no country can handle these risks alone, and crypto can be regulated only when countries come on board together.

Stablecoin variant “Gold Coins” emerging as first choice for crypto trading

Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to curb volatility. Pax Gold (PAXG) has jumped 7.4% in 2022, while its main rival Tether Gold has surged 8%. Stablecoins have emerged as a common medium of exchange. It is often used by traders to move funds across various platforms.

Hyundai to become the first automaker to enter NFT market

South Korea-based Hyundai Motor Company has announced its decision to enter the world of non-fungible tokens (NFTs). The automaker will partner with the ‘Meta Kongz’ NFT brand to create its own set of NFTs and a concept film. Hyundai also released a short film introducing the Hyundai NFT universe concept ‘Metamobility Universe.’ 

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Mastercard, Nexo Launch Crypto-Backed Payment Card – Top Crypto News

Mastercard, Nexo launch crypto-backed payment card

Crypto lender Nexo has partnered with global payments company Mastercard to launch the world’s first “crypto-backed” payment card. The card allows users to spend without having to sell their digital assets (such as Bitcoin), which are used as collateral to back the credit granted. The card is linked to a Nexo-provided, crypto-backed credit line. It can be used at 92 million merchants worldwide where Mastercard is accepted.

Crypto prices today: Bitcoin falls 3.2%, ETH down 4%

Bitcoin is currently trading at $39,021.2, a 3.25% decline over the previous day. Ethereum is down 4.14% over the last 24 hours to $2,917.5. Solana fell 4.9% to $97, while Cardano is trading lower by 7% at $0.88. Avalanche (AVAX) is down 5.5% to $73.4. The global crypto market cap stands at $1.81 trillion, a 3.76% decline over the previous day.

NBA Teases Ethereum NFTs for Playoffs After Launching Discord Server

The US National Basketball Association (NBA) has officially launched a new Twitter feed called NBAxNFT. The league plans to showcase all things intersecting basketball and Web3, including NFTs, gaming, and the metaverse. As part of that initiative, the NBA has established a Discord server, which already has more than 30,000 members. It also announced plans to release Ethereum NFTs tied to the current season’s playoffs.

Attacker drains $182M from Beanstalk Stablecoin Protocol

Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited for $182 million on Sunday. The attack was flagged on Twitter by blockchain security firm PeckShield. The market for Beanstalk’s BEAN stablecoin collapsed as a result of the attack. This flash-loan attack is the second nine-figure DeFi exploit in a month.

RocketX integrates 1inch and Binance to help users get best rates for tokens

RocketX Exchange has simplified crypto trading with the integration of Binance and 1inch, which supports 7 networks— Ethereum, BNB Chain (BSC), Polygon (Matic), Avalanche (AVAX), Gnosis, Arbitrum, and Optimism. This move will help users get the best rates for any token across 150+ exchanges on a single platform.

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Crypto Exchanges Block Deposits via State-Backed System – Top Crypto News

Crypto exchanges block deposits via state-backed system

Crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using UPI, a state-backed transfer system. The decision follows a statement last week by the National Payments Corporation of India saying it was not aware of any crypto exchange using its United Payments Interface (UPI) framework to conduct transactions.

Crypto prices today: Bitcoin up 0.1%, ETH rises 1.3%

Bitcoin is currently trading at $40,148, a 0.1% increase over the previous day. Ethereum is up 1.3% over the last 24 hours to $3,054.84. Solana rose 1.46% to $103.93, while Cardano is trading higher by 0.84% at $0.94. Avalanche (AVAX) rose 0.15% to $77.2. The global crypto market cap stands at $2.03 trillion, a 9.43% increase over the previous day.

Over one-third of Nigerians are invested in Bitcoin, other cryptos: Report

As per a Bitcoin Magazine report, nearly 35% or 33.4 million Nigerian adults have owned or traded Bitcoin or some form of crypto over the past 6 months. The report cited a report ‘Into The Cryptoverse’ released by KuCoin, which looked at the penetration of cryptos in various country demographics. Meanwhile, the Nigerian currency Naira has depreciated 209% over the past six years. More than 37% of crypto investors have entered the space over the past three years.

Crypto firm MoonPay raises $87M from high profile celebs

Crypto payments startup MoonPay has raised $87 million from more than 60 high-profile investors, including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova, and actor Bruce Willis. The investments are part of the firm’s Series A round, which valued the company at $3.4 billion. MoonPay provides payment infrastructure for crypto and NFT transactions.

Coinbase loses bid to force arbitration in crypto theft lawsuit

Crypto exchange Coinbase (COIN) has lost its bid to force arbitration in a lawsuit over the theft of a user’s crypto worth over $31,000. Abraham Bielski was contacted by a scammer last year claiming to be a PayPal representative. Bielski gave the individual remote access to his Coinbase account from which assets worth $31,039 were transferred.

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Pledge Launches Platform for NPOs to Accept Crypto Donations – Top Crypto News

Pledge launches platform for non-profits to accept crypto donations

Fundraising platform Pledge has started allowing non-profit organisations to accept donations in cryptocurrencies such as Bitcoin, Ethereum, and Tether. It also allows the instant conversation of crypto to a fiat currency. Entities can start accepting crypto donations in minutes, with no technical experience, crypto wallet, or KYC required.

Crypto prices today: Bitcoin, ETH falls 5%

Bitcoin is currently trading at $40,151.3, a 5.12% decline over the previous day. Ethereum is down 5% over the last 24 hours to $3,020.11. Solana fell 7.64% to $102.73, while Cardano is trading lower by 6.42% at $0.952. Avalanche (AVAX) fell 3.6% to $77.818. The global crypto market cap stands at $1.86 trillion, a 4.65% decline over the previous day.

CoinSwitch disables all crypto purchase options on app

CoinSwitch Kuber has disabled all modes of payments for purchasing crypto purchases on its platform, including bank transfers. This move will have a significant impact on the platform’s trading volumes which saw over 14 million users in 2021. Two days earlier, Coinbase had to disable the Unified Payments Interface (UPI), which was the only crypto purchase option on its platform.

Coinbase to produce Bored Ape Yacht Club animated short films

The Bored Ape Yacht Club plans to officially expand into the entertainment world. It will create a series of animated short films produced by Coinbase, entitled “The Degen Trilogy.” The films will feature characters based on the Bored Ape Yacht Club, a collection of 10,000 disinterested-looking ape NFTs.

Uniswap Labs forms Crypto Ventures Wing

Uniswap Labs, the company behind Ethereum-based decentralized exchange, has launched a venture wing to invest in projects across Web3. It has previously invested in 11 crypto projects, including Aave, Compound Protocol, and MakerDAO. The venture unit’s focus will range from infrastructure to developer tools and consumer-facing applications.

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SEC Approves Fourth Bitcoin Futures ETF – Top Crypto News

SEC approves fourth Bitcoin Futures ETF

The US Securities and Exchange Commission (SEC) has approved its fourth Bitcoin Futures Exchange Traded Fund (ETF). The SEC approved Teucrium Bitcoin Futures Fund, managed by Vermont-based Teucrium Trading. Teucrium is the fourth Bitcoin Futures fund to be approved, following Proshares (BITO), Valkyrie (BTF), and VanEck (XBTF) funds that all began trading late last year. 

Crypto prices today: Bitcoin up 0.3%, ETH rises 1.5%

Bitcoin is currently trading at $43,589, a 0.38% increase over the previous day. Ethereum is up 1.5% over the last 24 hours to $3,263.8. Solana rose 4.4% to $119.67, while Cardano is trading higher by 1.53% at $1.09. Avalanche (AVAX) rose 4.96% to $88.5. The global crypto market cap stands at $2.02 trillion, a 1.07% increase over the previous day.

Coinbase clarifies on UPI after NPCI statement

US-based crypto exchange Coinbase said it is committed to working with the National Payments Corporation of India (NPCI), which operates the widely adopted Unified Payments Interface (UPI). The statement comes a day after Coinbase announced that it had commenced retail crypto trading in India. The company said it would allow users to purchase crypto via UPI.

However, NPCI issued a clarification saying that it is not aware of any crypto exchange using UPI. As per reports, NPCI​’s stance is that UPI does not support crypto purchases.

Bolt pays $1.5B to acquire crypto startup Wyre

Online payment provider Bolt has acquired crypto service provider Wyre to provide one-click crypto payments. As per reports, the consideration paid for the acquisition is $1.5 billion (~Rs 11,380 crore). The Wall Street Journal claimed that this deal is the largest crypto acquisition to date. The tie-up has the potential to make crypto-based web payments more common.

Robinhood to use Lightning Network for Bitcoin transactions

Stock and crypto trading app Robinhood is planning to add the Bitcoin Lightning Network to its platform for faster BTC transactions. Lightning is a layer-2 network built on top of Bitcoin that allows faster, low-fee transactions. Eligible users from Robinhood’s beta crypto waitlist can now send and receive crypto through its crypto wallet feature.