Price action in the crypto market has not been for the faint of heart over the past 48-hours and it's clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs. While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens post double-digit gains on Nov. 5 and Cointelegraph Markets Pro’s altseason indicator suggests the current market conditions line up with previous altseason price moves. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were XYO Network (XYO), Crypto.com Coin …

The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of smart contracts on Cardano is Coti, an enterprise-grade fintech platform focused on helping organizations create their own payment solutions and digitize any form of currency as a way to facilitate decentralized payments. Data from Cointelegraph Markets Pro and TradingView shows that since bottoming out at …

MobileCoin, a crypto-focused digital payment ecosystem, announced Wednesday that it has concluded a $66 million funding round as part of a wider effort to bring more of its products and services to market. The Series B had participation from several leading venture funds from within the blockchain and cryptocurrency industry, including Alameda Research, BlockTower Capital and Coinbase Ventures. Berggruen Holdings, General Catalyst, Vy Capital and TIME Ventures also participated. Several entrepreneurs and investors also contributed to the funding round. MobileCoin said the funding will be used to further develop its core crypto offerings, including MOBot, which is described as the …

The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743, and bulls are now taking aim at the $48,000 resistance level as the next target. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were IoTeX (IOTX), WINk (WIN) and Dent (DENT). The Coinbase listing bump continues for IOTX IOTX continued its hot streak on Wednesday as the altcoins took the position as the top 24-hour gainer for the third day in a row. The gains appear to be connected to the Aug. …

A crypto payments gateway says that it now makes it easy for online merchants in Africa to accept Bitcoin at the checkout. Paychant says its tool can be easily integrated into websites, WooCommerce, Magento, PrestaShop and an array of other online stores with a single line of code. This gives retailers access to a growing number of consumers who want to pay using cryptocurrencies. According to Paychant, its infrastructure is simple, secure and convenient — and is geared toward small and large businesses alike. Nonprofit organizations can also accept crypto donations with ease. Customizable widgets are offered that can be …

Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations. The integration of crypto payments with charging stations will occur over the next three years starting from November 2021. The firms haven’t revealed which cryptocurrencies will be supported yet, but Vourity has dropped a pretty strong hint that Ethereum is likely to be among the first after it released an …

An enterprise software company focused on mobile engagement has released a cryptocurrency wallet that is at the heart of a new blockchain ecosystem. PhunWallet will give consumers control of their personal data, while letting them earn rewards by engaging with brands. With 12 years of experience helping companies connect with consumers via mobile, publicly traded Phunware is building a dual-token economy by blockchain-enabling its data exchange and loyalty ecosystem. With its Multiscreen-as-a-Service (MaaS) platform, Phunware specializes in contextual mobile engagement, meaning content can be customized for a precise location, time and person. PhunCoin, a regulated security token, will let consumers …

Online shoppers who pay with their Coinbase Card via Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement issued on Coinbase's blog on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature. As part of the announcement, Coinbase revealed that customers who use their Coinbase Card via Apple Pay and Google Pay can earn up to 4% in crypto rewards for online shopping. “Splurging for guacamole with your Coinbase Card is a no-brainer when you can earn 1% back in Bitcoin or 4% …

The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today. Blockchain-based global remittance platforms are one sector of crypto projects that have evolved over time to help meet the needs of peer-to-peer money transactions, and Telcoin (TEL) is one such project that has made significant gains in 2021. Data from Cointelegraph Markets Pro and TradingView shows that the price of Telcoin has surged more than 4,100% since Feb. 1, rallying from a low of $0.00066 to a new …

Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token, Celo, through its strategic investment fund, the Telekom Innovation Pool, Celo announced Tuesday. The firms did not specify the size of the investment. In conjunction with the investment, Deutsche Telekom has joined the global Celo Alliance for Prosperity — Celo’s ecosystem and a network of over 130 members, including nonprofits, merchants, payment processors and blockchain firms. According to the announcement, Deutsche Telekom is the …

Encrypted messaging app Signal has begun testing a payments feature that allows users to send cryptocurrency to other users privately. Signal announced on Tuesday that it is integrating support for MobileCoin for a new peer-to-peer payments system in the beta version of its apps. The new system called Signal Payments has been launched for beta testing on Android and iOS platforms for United Kingdom-based users only at the current time. Additionally, it only supports MobileCoin’s MOB cryptocurrency, which has been designed to be used on smartphones. Signal was mulling private crypto payments in January as reported by Cointelegraph. Signal head …

OLB Group (OLB), a New York-based e-commerce merchant service provider, is making it easier for businesses to accept cryptocurrency payments. OLB’s more than 8,500 merchants are now able to accept Bitcoin (BTC), Ethereum (ETH), USDC and DAI at the point-of-sale through the company’s OmniSoft business management platform. Customers wishing to pay with cryptocurrency in-store or through their mobile phones can simply elect to do so with their cryptocurrency wallets. All payments are processed through SecurePay, a payment gateway that authenticates the transaction, converts the cryptocurrency to U.S. dollars and approves the final sale. The decision to integrate cryptocurrency payments was …