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Ethereum’s First Wallet MyEtherWallet, Integrates with Uphold’s Topper, Boosting ETH Blockchain Engagement

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[PRESS RELEASE – San Francisco, California, September 24th, 2024]

Uphold’s fiat-to-crypto on-ramp Topper integrates with MEW (MyEtherWallet), a household name in the Ethereum (ETH) community with over three million active monthly users.

Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, announced today the formation of a partnership with a true veteran in the space MyEtherWallet (MEW), the original Ethereum (ETH) wallet, to enhance ETH blockchain engagement and offer MEW users a seamless way to transact with a wide range of assets.

This partnership marks a major milestone for Topper, as it integrates with MEW, the highly respected self-custody ETH wallet. Founded in 2015, MEW serves as a trusted gateway for millions of users to engage with the ETH ecosystem, offering a stable, open-source platform that ensures users maintain full control over their keys and assets.

By integrating with platforms like MEW, Topper enables users to quickly and safely buy ETH and ERC-20 tokens, helping bridge the gap between traditional financial systems and the cryptocurrency ecosystem. Additionally, Topper will enhance crypto accessibility for MEW’s extensive user base by optimizing transaction approval processes, improving payment success rates, and driving revenue growth. This improvement in transaction success rates will make it easier for users to purchase cryptocurrencies, further solidifying Topper as a reliable fiat on-ramp in the blockchain industry.

“This collaboration with MyEtherWallet underscores the compelling revolution in financial services,” said Robin O’Connell, CEO of Enterprise at Uphold. “By joining forces with a prominent name in the Ethereum space, Topper is advancing its efforts to make financial transactions more accessible and user-centric. This partnership is a testament to Topper’s commitment to driving innovation and improving the overall financial experience for users.”

The partnership with MEW aligns with Topper’s mission to simplify and provide greater access to cryptocurrencies through its easy-to-implement Web3 payment solution, offering higher approval rates and support for a wider range of digital assets. As part of Uphold which serves over 184 countries and supports 200+ currencies and commodities, Topper leverages Uphold’s extensive experience in powering over $4 billion in transactions since 2015.

“Over the years, MyEtherWallet has always been committed to making self-custody of crypto easier,” said Kosala Hemachandra, CEO and Founder of MyEtherWallet. “Offering a good range of reliable, secure, and transparent onrampers right in the wallet is a big part of that, and with Topper we are adding one of the best. As a fellow OG in the web3 space, I know we can trust Uphold to provide our users with a great onboarding service.”

For more information on how users can use Topper as their seamless onramp directly through MEW, create a new wallet now at myetherwallet.com/ or on the mobile app MEW Mobile, available on IOS and Android.

About MyEtherWallet

MyEtherWallet (MEW) is a nexus point for transacting in the Ethereum ecosystem and beyond – providing unprecedented access, a secure wallet, multi-faceted integration possibilities, and comprehensive education that allows anyone to quickly take advantage of all the benefits crypto finance has to offer. MEW makes interacting with crypto simple – it is free, open-source, and secure. Founded in 2015, it is the original Ethereum interface empowering users to maintain full control of their keys and assets at every point of interaction and does not hold, save or store any personal information. Today, MEW is committed to offering a suite of products that provide access and education to users who want to interact with the blockchain on their own terms, from Ethereum, layer 2s, Bitcoin and anywhere crypto goes.

About Topper

Topper, the easy fiat on-ramp with higher approval rates, is a quick-to-implement web3 payment tool that lets crypto projects process more of their customers’ payments – supporting twice as many digital assets than its competitors. The Topper payment widget is built to simplify the payment process, accept more currencies and deliver higher approval rates, resulting in fewer declines and more revenue. Developed by Uphold, the web3 financial platform, Topper is a reliable, regulated and trusted payment system.

About Uphold 

Ranked #1 in the San Francisco Business Times Fast 100 List, Uphold is committed to making web3 easy. As a web3 financial platform, Uphold serves over 10 million customers in more than 140 countries. It provides businesses and consumers with easy access to digital assets and services. Uphold’s unique “Anything to Anything” interface gives end users seamless access to and between digital assets and national currencies and precious metals. Uniquely, Uphold smart routes orders across 30 trading venues delivering optimal execution and superior liquidity to customers. Uphold never loans out customer assets and is always 100% reserved. The company has pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).

Uphold is regulated in the U.S. by FinCen and State regulators. The company is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, users can visit uphold.com.

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Cryptocurrency

Ripple (XRP) Price Prediction for This Week

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XRP seems to have found support around 50 cents. Can buyers push the price higher this week?

Key Support levels: $0.50

Key Resistance levels: $0.54, $0.68

1. Price Finds Support

After a sharp fall last week, bulls appear to be back. XRP opened this Monday in green and is keen to return on an uptrend. As long as the key support at 50 cents holds, buyers have a good chance to return on the offensive.

XRPUSDT_2024-10-07_16-38-24
Chart by TradingView

2. Sellers are Retreating

Early October saw a spike in sell volume, but now sentiment across the market is improving, which could see the momentum shift back into the bulls’ favor. If so, buyers can aim to take XRP back above 60 cents. However, once there, sellers could return, as in late September.

XRPUSDT_2024-10-07_16-38-36
Chart by TradingView

3. MACD Momentum Shifting

After a difficult start this month, the momentum on the daily MACD is showing the first signs of a reversal, with a histogram making higher lows. If this trend continues, buyers could soon take over the price action and push XRP to break higher again.

XRPUSDT_2024-10-07_16-39-30
Chart by TradingView
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The Unexpected Crash of Bitget’s BGB Price: CEO Speaks Up, Promises Compensation

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The price of Bitget’s BGB token unexpectedly dropped by 50% on the morning of October 7 before beginning to recover.

The platform has announced that it will compensate users for any losses resulting from the sudden volatility, which is still under investigation.

Exchange Promises Full Compensation

According to CoinGecko data, the incident saw the token’s value fall from $1.14 to $0.64 before staging a quick recovery. In a post on X, Bitget addressed the situation, saying, “BGB experienced unexpected volatility today due to market conditions, but the price has quickly stabilized.”

The platform reassured its users, promising to fully compensate for any asset losses. It also announced that a detailed compensation plan would be released within 24 hours, with the entire process set to be completed within 72 hours.

Bitget CEO Gracy Chen reiterated this message in a separate X post:

“The incident is still under investigation, but I want to assure everyone affected that we will not let any Bitget users suffer losses.”

Chen emphasized that Bitget’s overall standing remains strong, noting that the platform achieved a global market share of 11% in the third quarter of 2024, making it the fourth-largest exchange globally. Additionally, it boasts an asset reserve exceeding 176% and holds the second-largest protection fund globally, which is designed to compensate users quickly in the event of such incidents.

The Nature of Flash Crashes

Meanwhile, this incident mirrors a past development that occurred earlier this year with OKB, the native cryptocurrency of the OKX exchange. The token faced sudden price collapses, falling from a high of $48 to $25 within hours. The event was reportedly triggered by several large leveraged position liquidations, leading to further sell-offs and price declines.

At the time, OKX responded by reassuring its users that it would compensate them for the losses incurred from the unusual liquidation. While OKB’s crashes were linked to market-wide volatility, Bitget has yet to pinpoint the exact cause behind today’s event.

A cryptocurrency “flash crash” occurs when several holders rapidly sell a specific crypto asset, surpassing buyer demand and causing the price to drop sharply in a short amount of time. Unlike a typical collapse, the price usually recovers quickly, often returning to a level close to where it started.

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Cryptocurrency

Blockchain Life 2024 in Dubai: A Gathering of Market Insiders Ahead of the Bull Run

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[PRESS RELEASE – Dubai, UAE, October 7th, 2024]

On October 22-23, the Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for the crypto event to share industry insights on the eve of Bull Run 2025.

Participants will hear from leading voices in the blockchain space, who will share market analysis on market trends and potential future developments.

Confirmed figures include:

  • CEO Tether – Paolo Ardoino
  • Co-Founder Animoca Brands – Yat Siu
  • CEO Ledger – Pascal Gauthier
  • CEO Cardano Foundation – Frederik Gregaard
  • CEO Dubai Blockchain Center – Dr. Marwan Alzarouni
  • Co-Founder Litecoin Foundation – Xinxi Wang
  • CEO Vechain – Sunny Lu
  • CEO of dYdX Foundation – Charles d’Haussy
  • Founder Listing.Help, Jets Capital – Sergei Khitrov
  • Founder DWF Labs – Andrei Grachev
  • Co-Founder Tezos – Arthur Breitman
  • CEO Trust Wallet – Eowyn Chen
  • Co-Founder Osmosis Labs – Sunny Aggarwal
  • Co-Founder of Sui (Mysten Labs) – Kostas Chalkias
  • Head of Investments at Maelstrom Fund – Akshat Vaidya
  • Founder Notcoin – Sasha Plotvinov
  • Co-Founder, CEO Celestia Labs – Mustafa Al-Bassam
  • Google Cloud – Tiago Henriques
  • Program Lead MetaMask – Zied Brini

In addition to the lineup of speakers, Blockchain Life 2024 is also set to include behind-the-scenes discussions that will provide an opportunity for networking and exchanging information on the latest advancements in the sector.

The forum is coming soon. Readers can purchase tickets with a 10% discount using promo code chainwire.

https://blockchain-life.com

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