Digital payments provider NETELLER, which belongs to Paysafe’s payment platform, has launched a new digital wallet feature enabling users to withdraw funds directly. They can withdraw to a cryptocurrency address of their choice, Invezz learned from a press release.

Paysafe has more than two decades of online payment experience and around 3,400 employees in over a dozen global locations. Last year, its transactional volume amounted to $100 billion.

Instant conversion and withdrawal 
The provider’s customers can convert and withdraw fiat currency balance to an external cryptocurrency wallet instantly. They access this feature under ‘Crypto Wallet’ after logging into their accounts. Then, they enter the amount they wish to withdraw and the wallet address, either Bitcoin (BTC/USD) or Ethereum (ETH/USD) wallet.

Live in ten countries
NETELLER’s withdrawal feature is live in the UK, Canada, Australia, Chile, and six other countries. More countries and cryptos will be added in the future. Skrill, Paysafe’s other e-wallet, launched fiat-to-crypto withdrawals in February of this year.

Convert 40 fiat currencies to 38 cryptos 
NETELLER’s cryptocurrency service makes it possible to convert euros, US dollars, British pounds, and 37 other fiat currencies into almost 40 different cryptocurrencies, including Bitcoin, Bitcoin Cash (BCH/USD), Ethereum, Litecoin (LTC/USD), Ethereum Classic (ETC/USD), and Solana (SOL/USD).

Jordan Stoev, Head of Crypto, Skrill and NETELLER, commented:

With so much interest in the digital asset space right now we’re excited to announce this new feature for NETELLER’s cryptocurrency service, which is the latest in a series of new additions and enhancements. The new withdrawal feature saves both time and money spent on fees for our NETELLER cryptocurrency users by allowing them to move their existing fiat balance to a crypto address of their choosing.

A pioneer in the online payments industry
NETELLER was one of the first e-wallets, founded more than two decades ago. It allows users to transfer money and make payments from a simple, intuitive online account. Customers can deposit funds from bank accounts, credit and debit cards, and other sources send them to friends and family or make payments online anywhere NETELLER is accepted.

At those points, customers can use a prepaid Net+ card as well. NETELLER connects businesses to millions of wallet holders across the globe.  visit and learn more

The idea behind the Kava protocol rebranding is to impart clear information to the users about the products and their services. So let’s see how the products look now.

Kava CDP is now Kava Mint. The platform is governed by the $KAVA token, and it allows the users to mint $USDX stablecoin loans by providing collateral.
Hard is now Kava Lend. This will allow the users to supply and borrow assets and earn rewards from them. It is governed by the $HARD token.
Swap is now Kava Swap. It will allow users to swap cross-chain assets, provide liquidity into the pools, and earn rewards from it. Kava Swap is governed by the $SWP token.more

The best crypto projects to explode in Q4 are EGLD, LINK, and SOL.
Bitcoin is now facing supply scarcity which might result in price surge.
Tiktok co-founder wants to launch social tokens on Solana.
The bullish trend in the cryptocurrency market is continuing where BTC gains 14.8% within this week. On the other hand, Ethereum also experienced more profits followed by the king of cryptocurrency “Bitcoin”.

Significantly, the best crypto projects are set to explode in Q4, 2021 with huge gains. The few interesting best crypto projects are Elgorand (EGLD), Chainlink (LINK), and Solana (SOL). According to Will Clemente, a popular on-chain analyst, as a result of the asset scarcity of Bitcoin and Ethereum, the price of these crypto-assets will rise in Q4.

Bitcoin is lacking in supply as buyers are purchasing and holding their coins which leads to a shortage in supply. Will Clemente has shared the statistics for the supply of Bitcoin where 38.2% of BTC supply is lost. Additionally, 85.1% of supply is stable in 90 days, while on the other hand, 92% of supply hasn’t been circulated in 30 days. This squeezed and scarcity of BTC supply might end up in a price surge in October.

On the contrary, the price value of Ethereum is already nearing $3,500 where its heavy resistance level is at $3,521. Thus, ETH is on its track to break this resistance level so it might cross the level anytime soon. According to the recent analytics from Documenting Ethereum platform, on October 8th it is recorded that over $402 million Ether outflows from centralized exchanges. This might result in a tremendous price surge of Ethereum in Q4.

Altcoins Set To Boom
Chingari, an Indian Tiktok challenger has raised $19 million to launch a social token on the Solana ecosystem. Adding to this, the app’s co-founder, Sumit Ghosh states that he wants to experiment with social media by launching social tokens on Solana. He also pointed out Axie Infinity for this scenario as it transformed the gaming industry.

Surprisingly, big tech firms like Galaxy Digital, Alameda Research, and Solana Capital are driving this move. With a series of events planned for the asset in Q4, the altcoin could outperform expectations once the upgrades are implemented.

Moreover, Chainlink has introduced a new unique feature of interoperability where dApps are built on their blockchain. It extends support to Ethereum to Avalanche or Elrond to Cardano as well as expands support to layer 2 blockchain networks.

The third asset on the list is Elrond, where EGLD is the native coin of Elrond. Elrond partners with Ardana to enable cross-chain smart-contract functionality. This platform acts as a bridge between Elrond and Cardano, while EGLS serves as the first cross-chain asset as collateral on the Ardana platform. This integration might step up for price hikes in Q4.

However, the crypto market displays bullish signals while Bitcoin is moving in an uptrend. If it continues then it might set up a new ATH within the end of this month. Following the leading cryptocurrencies, altcoin would also continue the same pattern. Thus, Altseason could resume in November so the market can witness significant price surges for the above-mentioned assets by December. about more

Bitfinex paid $22.7 million in transaction fees after sending $100,000 worth of USDT
DeversiFi announced the miner returned the 7,626 ETH that was paid out by mistake
Fees on Ethereum have not been resolved despite the EIP-1559.
Innovation is not always as predictable as some may think. Using blockchain comes at a price, and entities transacting large amounts of cryptocurrencies are susceptible to network malfunctions or fee incongruencies. For example, on September 27th, an Ethereum wallet reportedly paid $23 million in transaction fees.

Bitfinex Pays Excessive Fees
Data from Ethscan.com shows a wallet associated with Bitfinex paid a total of 7,676 ETH or $22.7 million after initiating a transaction worth $100,000 USDT. The USDT amount was sent to DeversiFi, as the company announced the successful implementation of the L2 bridge to enable low-cost transfers to presumably “avoid gas costs and frustration.”

Following the network error, Bitfinex announced the exchange would not carry the fees as they are “shouldered by third-party integrations,” after DeversiFi announced it would investigate the issue.

Although transactions on the blockchain are irreversible, DeversiFi tweeted that block 13307440 miner announced it will be returning all transaction fees that were paid out “incorrectly.” DeversiFi also confirmed it would issue a post mortem on September 28th.

Although the issue might seem like a network failure, Bitfinex has been accused in the past of market manipulation, which has put the exchange in the spotlight. Nonetheless, Etheruem’s gas fee structure has been criticized, with users reporting fees of over $1,000 as users compete for faster minting, provoking a Gas War.

On The Flipside
The event will trigger new discussions about better network alternatives than Ethereum.
It is not yet clear how and why Bitfinex paid an absurd transaction fee.
It Will Happen Again
The much anticipated and criticized EIP-1559 was never meant to resolve the high gas fees. Vitalik Buterin noted the new update will “reduce the rate” of high network fees by creating an automated fee decider called a “priority fee.”

However, network cutbacks will continue to occur as blockchain continues to innovate. For example, in 2020, a user paid $2.6 million on the Ethereum network after sending $130. In contrast, a user moved the equivalent of $2 billion in Bitcoin while only paying $0.78.

Why You Should Care?
Gas fees on the Ethereum network are still unstable despite the implementation of the “base fee.”source

Ethereum extended its rally above $3,600 level against the US Dollar. ETH price is consolidating gains and it might surge again if it clears $3,575.

Ethereum started a fresh increase above the $3,550 resistance level.
The price is now trading above $3,500 and the 100 hourly simple moving average.
There is a short-term bearish trend line forming with resistance near $3,575 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rise as long as it is above the $3,420 support zone in the near term.
Ethereum Price Remains In Uptrend
Ethereum extended its increase above the $3,500 resistance zone. ETH was able to climb above the $3,550 level and the 100 hourly simple moving average.

During the increase, there was a break above a key bearish trend line with resistance near $3,475 on the hourly chart of ETH/USD. The pair even cleared the $3,600 zone. A high is formed near $3,628 and it is now correcting gains.

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Ether corrected lower below the $3,600 level. It traded below the 23.6% Fib retracement level of the recent wave from the $3,343 swing low to $3,628 high.

It is now consolidating near the $3,500 zone. An immediate resistance on the upside is near the $3,550 level. The first major resistance is near the $3,575 level. There is also a short-term bearish trend line forming with resistance near $3,575 on the same chart.

Ethereum Price

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Source: ETHUSD on TradingView.com
The next major resistance is near the $3,600 level, above which the price might accelerate higher. In the stated case, the price may possibly rise towards the $3,700 level. The next key resistance could be $3,800.

Dips Limited in ETH?
If ethereum fails to continue higher above the $3,550 and $3,575 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,500 level.

The first key support is now forming near the $3,480 level. It is close to the 50% Fib retracement level of the recent wave from the $3,343 swing low to $3,628 high. Any more losses could lead ether price towards the $3,425 support zone and the 100 hourly simple moving average. source

SOL, the native token of the Solana blockchain, has seen some impressive growth since Tuesday’s crash, soaring by more than 18.31% since then.

The coin has slightly backtracked since then, but is still up by nearly 5% over the past 24 hours, according to data from CoinGecko.

There’s still some uncertainty in the overall crypto market, however, Bitcoin has again briefly touched $35,000 on Friday morning, going up by almost 4%. Several altcoins,  including Dogecoin, have seen even bigger gains of over 10%. 

One key driver behind SOL's return has been Thursday’s launch of tokenized stocks on the Solana blockchain, rolled out by Swiss-based firm Digital Asset AG.

Tokenized stocks of more than 50 public companies, including Facebook, Google, Netflix, Nvidia, PayPal, Square, and Tesla, are currently available only on the cryptocurrency exchange FTX. However, they can also be transferred to both centralized and decentralized exchanges built on the Solana blockchain.


Tesla, Facebook, Google Stocks Launch on the Solana Blockchain
Solana developments front and center
Launched on mainnet in May 2020, Solana has been often touted as an “Ethereum killer” as its proof-of-stake blockchain claims to be capable of processing 50,000 transactions per second (TPS) at peak load.

This far outpaces Ethereum’s average of between 10 and 15 TPS, or Bitcoin’s average of between five and seven, making Solana a strong contender for being a platform of choice for developers working on decentralized applications (dApps).

Though decentralized finance (DeFi) has been a key focus for Solana, its functionality extends to other sectors. With the recent launch of Metaplex, a Solana-based open-source protocol and a marketplace for non-fungible tokens (NFTs), the network will now host various crypto artworks and digital collectibles.

Earlier this month, Solana Labs, which develops the blockchain, raised $314 million from heavyweights like Polychain Capital, Andreessen Horowitz, CoinShares, and Alameda Research to continue building out the network.

These developments and a broader recovery in the crypto markets are just a few of the reasons behind SOL’s latest rise.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.source

The next Bitcoin network difficulty drop is estimated to be 21.1 percent
According to Dylan LeClair of monetary consulting team 21st Paradigm, the Bitcoin network is going to erase 21 percent of its difficulty after the next adjustment.

The #Bitcoin difficulty adjustment is now estimated to come in at -21.1%.

Since 05/10, miner revenue (7D-MA) has decreased by 64.5%.

Migrating firms who store reserves in BTC are having to liquidate to cover expenses + miners who are still on are seeing their margins squeezed. pic.twitter.com/UztU0XwCng

— 🟠Dylan LeClair🟠 (@BTCization) June 25, 2021
These periodical adjustments are hard-coded into the Bitcoin mechanism to guarantee stable block generation times. As such, when miners leave the network, the difficulty drops to compensate the losses of their computational power.

Double-digit adjustments of difficulty (both negative and positive) are relatively rare. That said, a 21.1 percent drop may be the biggest in Bitcoin’s history.

Also, Bitcoin miners' revenue nose-dived to $23 million per day. This means a 64.5 percent drop from the May 2021 peak.

An exodus of miners
LeClaire adds that many miners are selling their Bitcoins to cover the expenses of moving their equipment out of China. As reported by no link shorteningday, regulatory attacks made Chinese miners re-locate to Kazakhstan, the U.S., and even to African countries.

 
This is one of the main catalysts behind the increased selling pressure.

According to the BTC.com network explorer, Bitcoin's difficulty may drop to 16.25 T. For the last time this indicator was so low in May 2020.

Bitcoin (BTC) difficulty is adjusted once in two weeks. The two previous adjustments resulted in respective 16 percent and 5 percent drops.source

DeFi continues its downward trend. Aave, Compound, and Maker are all trading in the red again today.

DeFi Tokens Face Sell Pressure
DeFi is suffering as uncertainty grips the crypto market.

Aave, Compound, and Maker recorded losses of around 8% today, continuing a downward trend that’s been playing out since mid-May. Compound is now down 72% from its May highs, while Aave and Maker are down 68% and 64%. Sushi, Synthetix, and Uniswap, widely regarded as DeFi “blue chips,” have also been hit with significant losses throughout this week.

The slowdown in momentum comes as the wider crypto market experiences a cool off from its biggest bull run to date. Bitcoin and Ethereum led a major crash in May and have been bleeding for the last few weeks. Bitcoin briefly dipped below $30,000 Tuesday, helped by fears surrounding China’s ongoing crackdown on the sector. Ethereum has also shown little positive movement despite the imminent launch of its EIP-1559 update, currently trading 55% off all-time highs.

While Ethereum has been one of crypto’s biggest performers of the year, many governance tokens associated with its DeFi ecosystem have stalled in comparison, leading some to suggest that the space has experienced its own bear market in recent months. Sushi and Synthetix, for example, have been in decline since Q1. They rank 64 and 72 respectively on the global crypto market cap leaderboard.


The total value locked in DeFi has also plummeted in recent weeks. According to data from DeFi Pulse, there’s now about $50.44 billion locked in the ecosystem, of which Aave, Curve Finance, Compound, and Maker account for over $30 billion.

Disclosure: At the time of writing, the author of this feature owned ETH, ETH2X-FLI, AAVE, SUSHI, CRV, and SNX. They also had exposure to COMP, MKR, and UNI in a cryptocurrency index.
source