Good day, ApolloXplorer!Catch today’s key headlines and stay up to date with the latest!<h2 id="header-0">#1. Paypal adds more crypto services</h2>PayPal users will now be able to transfer crypto from their accounts to other wallets and exchanges “in seconds”.Customers are responsible for network fees when they conduct external transfers. Internal transfers — PayPal to PayPal — have no fees.“This feature was the most demanded from our users since we began offering the purchase of crypto on our platform,” said Paypal.Source: <a href="https://techcrunch.com/2022/06/07/paypal-is-finally-allowing-users-to-move-their-cryptocurrency-to-other-wallets/" rel="noopener noreferrer nofollow">TechCrunch </a><h2 id="header-1">#2. Human rights advocates tell US Congress bitcoin is essential</h2>Human rights advocates from 20 different countries have sent a rebuttal to U.S. lawmakers defending digital assets.This comes after crypto was publicly slammed for being too risky and unproven.The advocates cited the access crypto provides to tens of millions of people “living under authoritarian regimes or unstable economies.”Source: <a href="https://www.cnbc.com/2022/06/07/human-rights-advocates-say-bitcoin-critical-in-authoritarian-countries.html" rel="noopener noreferrer nofollow">CNBC</a><h2 id="header-2">#3. DeFi venture funding deal activity fell in May</h2>DeFi-focused venture deal activity slumped in May, according to The Block Research.Funding came in at $176.30 million for the sector in May, its lowest amount since September 2021.In addition, DeFi wasn&#39;t one of the two most popular deal types. This is the first time this has occurred since July 2020.Source: <a href="https://www.theblockcrypto.com/linked/149955/defi-venture-funding-deal-activity-fell-in-may-data-shows" rel="noopener noreferrer nofollow">The Block</a><h2 id="header-3">#4. Solana launches $100M fund for South Korean crypto projects</h2>Solana will commit $100 million into South Korean crypto startups as it looks to penetrate the developer market.While the funding will spread across Web 3 projects, it will have special focus on Korea-based blockchain game developers.South Korea’s gaming sector overall was valued at over $15 billion in 2021. The idea is to harness at least some of that potential for crypto games, too.Source: <a href="https://www.coindesk.com/business/2022/06/08/solana-commits-100m-to-support-south-korean-crypto-projects/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-4">#5. Payments giant Checkout.com starts accepting stablecoins</h2>Checkout.com will start allowing payment settlements in USDC stablecoin through a partnership with crypto security firm Fireblocks.The feature will allow merchants to settle payments even on weekends and public holidays, something that’s not currently possible with fiat.Rival payments group Stripe launched a similar feature earlier this year.Source: <a href="https://www.cnbc.com/2022/06/07/checkoutcom-jumps-into-crypto-with-stablecoin-payments-feature.html" rel="noopener noreferrer nofollow">CNBC</a>The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a>

Crypto News of the Day: Human rights advocates say we need Bitcoin, Paypal adds more crypto services

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