Der CFTC-Vorsitzende Rostin Behnam hat vor einem Senatsausschuss über den Zusammenbruch von FTX und die Hintergründe gesprochen.
Stripe launches fiat-to-crypto payment service for Web3 apps
According to a statement released on Thursday, Dec. 1, 2022, payment processor Stripe has launched a fiat-to-crypto payment service for Web3 businesses.
KEY TAKEAWAYS
- The fiat-to-crypto service will allow customers to instantly buy cryptocurrencies in Web3 apps.
- The services offer an easy Fiat-to-Crypto onramp.
- The new Stripe product is in form of a customizable widget that can be integrated into Web3 apps/platforms.
Web3 application developers will be able to customize and integrate the new Stripe widget into decentralized exchanges (DEXs), non-fungible token (NFT) platforms, crypto wallets, and other decentralized apps (DApp). This will allow customers to instantly buy cryptocurrencies in the Web3 applications.
According to Stripe, the new product offers flexible on-ramping services and manages know-your-customer (KYC) payments and compliance challenges. According to Stripe, the new product was designed to eliminate complications.
Increased Stripe partnerships
Since last year, Stripe has ramped up the number of crypto firm partnerships as more and more nations enable cryptocurrency payments.
USDC has been one of the cryptocurrencies that have received high adoption with corporations now being able to transfer USDC payments to individuals and organizations worldwide.
One of the recent Stripe partnerships is its partnership with the decentralized music discovery network Audius, making Audius one of the first companies to use Stripe’s new on-ramp. Audius announced that it accepted Stripe’s payment solution to allow users to use their credit cards to purchase their native AUDIO coin and tip their favourite musicians.
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Ankr bestätigt Exploit: Handel mit aBNBc-Token wird gestoppt
Das DeFi-Protokoll erklärte, es arbeite mit Börsen zusammen, um den Handel mit seinem aBNBc-Token sofort auszusetzen.
Why is Terra Classic price up today?
Terra Classic price has hit a daily high of $0.0001919 and it still has a bullish stance. At press time, LUNC was trading at $0.0001819; up 11.75% in the past 24 hours.
KEY TAKEAWAYS
- The Terra Classic community aims to burn large amounts of LUNC tokens to reduce its circulating supply and revive its price.
- The community has burned more than 29 billion LUNC tokens so far.
- About 150 million LUNC tokens were burned in November.
The LUNC token has been struggling ever since the collapse of the original Terra LUNA project which resulted in the creation of the LUNC token after a hard fork. However, the team behind the Terra Classic project has been burning large quantities of LUNC tokens to reduce its circulating supply in a bid to revive its price and it seems to be working though at a slow rate.
Binance burns 6 billion LUNC tokens in a day
Earlier this year LUNC staking and a 1.2% burn tax were introduced after the implementation of the v22 upgrade with various exchanges including KuCoin and Binance adopting the LUNC burn tax. The burn tax was however reduced to 0.02% after the community passed Proposal 5234, which also included redirecting 10% to finance Terra Classic ecosystem development and contributors.
However, Binance shifted its mechanism of burning LUNC tokens to burning the tokens on a monthly basis. Yesterday (December 1, 2022) the exchange burned a whopping 6 billion tokens yesterday, in what is its burn batch since introducing the monthly burn mechanism.
Yesterday’s burn is largely the main reason why the token price has surged to today’s highs.
In October, Binance burned about 13.72 billion LUNC tokens from trading fees on LUNC margin and spot trading. The main reason behind the decrease in the burned LUNC tokens is the reduction of the burning tax from 1.2% to 0.2%.
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ApeCoin hits resistance after a weekly surge. What next as the staking feature nears?
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ApeCoin has returned 18% in a week.
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The launch of an NFT marketplace and expected staking feature is boosting the token.
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Further recoveries will depend on whether a breakout will occur at $4.2.
ApeCoin (APE/USD) has risen by double digits in the past few days. As of press time, the cryptocurrency was up 18% in a week. APE has now lost an intraday 0.78% as it hit a crucial resistance. The recent launch of an NFT marketplace has been fueling gains alongside an expected staking interface.
Staking allows users to lock their crypto tokens to a protocol to earn rewards. By staking, users contribute towards the stability of the ecosystem. Beginning December 05, APE staking will go live and pave the way for a pre-deposit. APE holders will start to earn rewards on December 12. The announcement, made on November 23 by Horizen Labs, however, raised criticism over the locking out of users in some territories, including the US. Regulatory concerns were cited as the reason for blocking them.
Nonetheless, investors could be accumulating APE ahead of the crucial December date. Should this turn out to be a bullish trigger, APE would break out and overcome a prolonged downside. It is still too early to speculate, as we have seen cryptocurrencies reacting ahead of major developments. With that in mind, keeping a tab on the technical side of APE trading would help.
APE meets resistance and descending trendline
The long-term technical outlook is bearish for APE. The token’s price is testing the resistance at $4.2, and momentum has weakened slightly. The resistance lies in the same zone as the long-term descending trendline.
The MACD indicator has turned bullish and shows momentum is building for APE. The RSI is above the midpoint, indicating that the buyers remain in control.
Should you buy APE?
A breakout at $4.2 or the descending trendline would be needed before buying APE. A successful breakout would take the token to $5 and potentially above $6.
If the breakout fails at $4.2, APE could witness consolidation below the crucial resistance.
Where to buy APE
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Nexo
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
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