EddieJayonCrypto

 10 Sep 24

tl;dr

PayPal and Venmo have integrated support for Ethereum Name Service (ENS), allowing users to send crypto payments to ENS usernames. This simplifies wallet address management and reduces the risk of errors, making it easier for U.S. users to interact with crypto on these platforms. The integration ena...

PayPal and Venmo have integrated support for Ethereum Name Service (ENS), allowing users to send crypto payments to ENS usernames. This simplifies wallet address management and reduces the risk of errors, making it easier for U.S. users to interact with crypto on these platforms. The integration enables users to enter an ENS name directly into PayPal or Venmo to automatically retrieve and verify the associated wallet address.

ENS has been working to enhance usability, including a partnership with GoDaddy to link .com web addresses to ENS names. This integration is part of PayPal and Venmo's efforts to expand their presence in the crypto market, catering to both new and experienced users.

U.S. payment processors PayPal and Venmo have added support for Ethereum Name Service, meaning that people can send crypto payments to ENS usernames, according to a press release from ENS Labs. The new integration simplifies wallet address management and reduces the risk of errors, the companies said in a statement. The feature, available initially for U.S. users, will simplify how users interact with crypto on these platforms.

"We are excited to bring ENS’ naming capabilities directly into the hands of millions of users through Venmo, PayPal Mobile, and PayPal Web," said Khori Whittaker, Executive Director of ENS Labs. "As digital assets become more mainstream, our goal is to ensure managing those assets is intuitive and user-friendly."

ENS has been going to great lengths to add usability to its domain names. In February, the company announced it has partnered with web domain registrar GoDaddy to allow people to link a .com web address that they own to their ENS name (.eth), and therefore an Ethereum wallet address. This new integration is part of PayPal and Venmo’s ongoing push to expand its presence in the crypto market.

"Working with PayPal and Venmo allows us to reach those who are new to the space and those who prefer the familiarity of Web2 payment platforms," added Marta Cura, Director of Business Development at ENS Labs. "By bringing ENS to platforms they already know and trust, we’re making it easier for users to navigate the complexities of cryptocurrencies."

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Technical Analysis: Unveiling Market Trends

Key Takeaways:

- The S&P 500 index has approached a critical resistance level at 4,200, indicating a potential breakout towards new highs.

- The 50-day moving average has crossed above the 200-day moving average, signaling a bullish trend for Apple (AAPL) stock.

- The Relative Strength Index (RSI) for Tesla (TSLA) has entered overbought territory, suggesting a possible correction in the short term.

- Gold futures are testing a significant support level at $1,800, with a potential downside breakout looming.


Remember, while these indicators provide valuable insights, it's essential to consider the inherent risks and the dynamic nature of the market.

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Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.

Industry: ENERGY & TRANSPORTATION

Sub-Industry: GOLD AND SILVER ORES

Market Cap: 107913000

EBITDA: None

P/E Ratio: None

Dividend Yield: 0

Beta: 0.127

Price to Sales: -0.0306

Shares Outstanding: 36723000

EPS: 1.38

Yield: 2.549

Annual Sales: 0.625

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C3 Ai Inc (C3)

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: $27.17 billion

Dividend Yield: None

Beta (3Y Monthly): -2.28

EPS: 2.674

PE Ratio: -0.855

Volume: 325,433,000

Stock Price: $25.94

50-Day Moving Average: 0

200-Day Moving Average: 0.205

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EnerSys provides various stored energy solutions for industrial applications globally. The company is headquartered in Reading, Pennsylvania.

Sector: TRADE & SERVICES

Industry: WHOLESALE-ELECTRICAL APPARATUS & EQUIPMENT, WIRING SUPPLIES

Market Cap: 3875971000

Current Price: 14.48

Price Change: 0.9

Percentage Change: 6.61%

RSI: 87.1

Bollinger Bands: 0.0773

Volume: 3526218000

50-Day Moving Average: 118.14

50-Day MA Percentage Change: 0.069

200-Day MA Percentage Change: -0.061

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More about Forum Energy Technologies Inc
Forum Energy Technologies Inc Summary

Forum Energy Technologies Inc

Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the oil and natural gas industry in the United States and internationally. The company is headquartered in Houston, Texas.

Industry: OIL & GAS FIELD MACHINERY & EQUIPMENT

Market Cap: 205.138B

Dividend Yield: None

EPS: None

P/E Ratio: -2.25

Stock Price: $68.64

Change: -0.0335

Volume: 772.059M

RSI: 30

MACD: -0.578

Price Change (52 Weeks): 0.107

More about

Technical Analysis Report: Market Trends and Insights

In our analysis of the current market trends, we observed a potential breakout in the XYZ stock, with the price surpassing the key resistance level of $100. This breakout suggests a bullish momentum, supported by a surge in trading volume and a positive divergence in the RSI indicator. Additionally, the moving average convergence divergence (MACD) indicator signaled a bullish crossover, further confirming the upward momentum.


Conversely, the ABC stock exhibited a bearish trend, as the price failed to sustain above the critical support level of $50. The RSI indicator confirmed a bearish divergence, indicating a potential downward movement. Moreover, the stock's failure to breach the 50-day moving average further reinforces the bearish sentiment.


Overall, while the broader market indices show resilience, it's crucial to monitor the evolving support and resistance levels to navigate potential breakouts or breakdowns. As always, it's important to approach trading decisions with a balanced perspective, considering both the bullish and bearish scenarios while managing risk effectively.

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DoorDash, Inc. Class A Common Stock Summary

DoorDash, Inc. Class A Common Stock Summary

Company: DoorDash, Inc.

Industry: Trade & Services

Sector: Services-Business Services, NEC

Market Cap: 51282125000

Dividend Yield: None

EPS: -1.01

P/E Ratio: 23.9

ROE: -0.0424

Revenue: 9610000000

Stock Price: 143.48

52-Week High: 0

52-Week Low: 0.233

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Kimbell Royalty Partners LP Summary

Kimbell Royalty Partners, LP, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. The company is headquartered in Fort Worth, Texas.

Sector: ENERGY & TRANSPORTATION

Industry: CRUDE PETROLEUM & NATURAL GAS

Market Cap: 1.44B

Current Price: $31.52

Change: $1.85

Change %: 0.48%

PE Ratio: 4.478

EPS: $0.161

Volume: 321.86M

Dividend Yield: 2.1%

Beta: -0.529

ROE: 33.5%

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 8 Oct 24
 8 Oct 24
 8 Oct 24