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Visa ends debit card program with FTX

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A visa supporter confirmed to Cointelegraph that the company has ended its global agreements with FTX.

Just one month after Visa announced its partnership with FTX to launch a debit card program in forty countries around the world, after only one month of large payments, Visa had to complete the program due to FTX’s recent financial situation and bankruptcy issues.

FTX’s liquidity woes were triggered last week once Binance’s Chief Business Officer Changpeng “CZ” Zhao announced that Binance would liquidate the entire FTX Token (FTT) pool, which inadvertently led to the withdrawal of the bank causing FTX’s liquidity woes.

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In October, as news of FTX and Visa’s partnership circulated online, FTX’s native cryptocurrency, FTT, surged 7% to $25.62. By a recent turn of events, FTT is currently trading at $1.89.

Things quickly escalated regarding cryptocurrency exchange FTX, and it’s not surprising that companies like Visa are working to distance themselves from the bad platform.

“The situation with FTX is deplorable and we are watching developments closely. Overall our undertakings – in digital currency and beyond – our specialty in security and trust remains predominant. We have terminated our global agreements with FTX and their North American country open credit program is being terminated by their creation,” said one supporter. Visas for Cointelegraph.

Visa isn’t the only company to cut ties with FTX. On November 11, Cointelegraph shared that the Cyprus Securities and Exchange Commission, or CySEC, made an announcement amid FTX filing for Chapter 11 bankruptcy within the US asking the exchange to cease operations of its arm in Europe.

In another case, Plaid, the financial technology company that facilitates communication between monetary services apps, user banks and Mastercard suppliers, suspended FTX US access to its goods, citing “public reports of” dishonest activity.

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4 Best Cryptocurrencies to Buy Right Now, December 1st: MATIC, GMX, TAMA

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The current down season is in Cryptocurrency The market has greatly underestimated the possibility that most of the currencies will become bullish. The best bet, however, tends to be pre-sale tokens with new use cases like Dash 2 Trade (D2T), as many investors are now shifting their investments there. Just over $8 million was raised during the active D2T token pre-sale. Dash 2 Trading D2T is an integrated analytics platform that provides market-beating information and features to enhance your trading career. The dashboard beta launch was previously delayed due to the addition of more team members.

While Polygon is still in an indecisive phase, the bulls may storm the market once the moving average turns higher. On the contrary, GMX is in an uptrend, but investors may get in late as the $55.3700 resistance is very close. However, Dash 2 Trade (D2T) remains promising as it is still in its infancy. Investing in D2T is likely to be more profitable than investing in both MATIC and GMX together.

Polygon (matic/usd)

MATIC/USD is now consolidating within a triangle pattern. A breakout from either side of the triangle is imminent. A successful breakout from the triangle pattern to the upside may eventually cause more bulls to charge into the market until the diagonal resistance is also broken. Instead of waiting for a successful hack, it is better to invest in it Dash 2 Trading (D2T) for its attractive features and new use case.

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Polygon (matic/usd)

Current price: $0.9161
Market value: $8.00 billion
Trading volume: $0.51 billion
7 days profit: 5.68%

GMX (GMX / US Dollar)

After GMX/USD executed buy orders from the discount group of the previous trading range, the price continued to expand upwards. The previous trading range was defined by the $36.2750 and $48.1410 price levels. The price is expected to reach -50% Fibonacci retracement before correcting to the downside.

4 Best Cryptocurrencies to Buy Right Now, December 1: MATIC, GMX, TAMA, and IMPT

GMX (GMX / US Dollar)

Current price: $52.16
Market value: $0.42 billion
Trading volume: $38.8 million
7 days profit: 15.68%

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Tamadoge (TAMA/USD)

Tamadoji Prices started to fluctuate on November 22, 2022, as the bulls built up their buy orders. Currently, TAMA/USD is expected to execute buy orders in the bullish order block and then successfully break the diagonal resistance.

4 Best Cryptocurrencies to Buy Right Now, December 1: MATIC, GMX, TAMA, and IMPT

Current price: $0.0196
Market value: $20.01 million
Trading volume: $1.27 million
7 days profit: -6.50%

Impact Code (IMPT)

Everyone can participate in a more sustainable and environmentally friendly world thanks to the impact symbol (IMPT). Investing in the project now is a great opportunity. About $13.5 million has been generated to date from the ongoing pre-sale of IMPT. You can also join them disagreement Channel.

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QNT/USD finally beat the $125 price level

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Terra Classic price forecast for today, December 2: LUNC/USD reaches another higher price level

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Quantitative Price Prediction for Today, December 2: QNT/USD Finally Conquers the $125 Price Level

In the Quantitative marketThe bears held the $125 resistance level since November 10. The bulls have made several efforts since then to break the resistance level, but the bullish price has been consistently rejected. Since then, the bullish market has put pressure on the fixed resistance level of the price by continuously moving the support level near it. The last support level that formed the basis of today’s bullish move was formed at the $112 level.

Quantitative classical market price statistic:

  • QNT/USD price now: $129
  • Market cap of QNT/USD: 1,556,080,549
  • Circulating supply QNT/USD: 12,072,738.00
  • Total Supply of Qatar Qatar / US Dollar: 14,612,493
  • QNT/USD coin market ranking: #30

key levels

  • Resistance: $130, $135, $140
  • Support: $120, $115, $110

Quantitative Market Price Analysis: An Indicators View

Formally, Bollinger bands are compressed as an indicator of the fact that the bulls are catching up with the bears. With the bullish price breaching the key resistance level in the market today, the upper Bollinger Band responds with a move to the upside. There is a high probability that the bulls will maintain the trend, because today’s price action is a bullish breakout from the range market.

Quantitative Price Prediction for Today, December 2: QNT/USD Finally Conquers the $125 Price Level

QNT/USD 4-hour chart forecast

From this perspective, we can see the QNTUSD price pulling back from the overbought area. It is normal for the price to decline at this point. It is just a price correction after which the upward trend will continue. However, the main concern here is that the volume of trade is not encouraging the market in a bullish manner.

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In contrast to the quantity market, Dash 2 Trading It is a new project with great prospects. D2T Token pre-sales are still available and have brought in close to $8 million. Dash 2 Trading (D2Tis a comprehensive analytics platform with market-beating intelligence and features to take your trading experience to the next level. Additional team members included, pre-sale dashboard beta launched.

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Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


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No one should trade aBNBc, Anker says, and only liquidity providers who are “caught by surprise” will be compensated

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After yesterday’s confirmed exploit of millions of dollars, the Ankr-based BNB Chain protocol moved to the company’s blog on December 2nd to rotation His next steps for users.

The team said it was identifying decentralized exchange liquidity providers as well as the protocols that support aBNBc or aBNBb LP. The group also said it is evaluating aBNBc collateral groups, such as Midas and Helio. According to the post, Ankr intends to purchase $5 million worth of BNB, which it will use to compensate liquidity providers affected by the exploit.

Some users speculated to trade diluted aBNBc after the exploit also occurred, but the company indicated that these traders would not be included in the protocol’s reward procedures saying, “We are only able to offset LP caught by surprise due to the event.”

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The developers gave a brief explanation of how the hack happened. The malicious actor gained access to the team’s “deployment key” or the key originally used to deploy the protocol’s smart contracts. Since the contracts are upgradeable, this allowed the attacker to deploy an entirely new version of one of the contracts, giving them the ability to mint an unlimited number of coins “without permission checks”.

After gaining this strength, the team said the attacker mined 60 trillion aBNBb “out of thin air.” It was replaced by USDC and transferred from the network via bridges to Ethereum.

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In response, the team first transferred ownership of the contracts to a new, undiminished account. This secured the contracts, preventing the attacker from doing any further damage. The Ankr authentications, RPC API, and application chain services were not compromised, so transferring ownership of the contracts was the only measure required to restore security.

Anker then alerted all DEXs not to allow trading of aBNBc or aBNBb, and is currently going through the process of identifying liquidity providers for these tokens, such as those supplying tokens to Helios and Midas.

The blog post confirmed that existing versions of aBNBc and aBNBb will no longer be redeemable for BNB. A snapshot will be taken of the balances that users had before the exploit. New versions of these tokens will be issued, and token holders will be compensated with the new coins based on the balances they had prior to the exploit. For this reason, the team warned users against trading aBNBc or aBNBb.

Anker also stated that it has realized that some users have engaged in arbitrage to take advantage of the exploit, but that such arbitrage will not be rewarded, as the image will be taken for the time and date of December 2, 2022, 12:43:18 AM UTC. All trades made after this time will not affect the account holder’s compensation.

Additionally, the developers stated that liquidity providers should remove their aBNBc and aBNBb tokens from their liquidity pools and keep the tokens in their wallets instead.

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