Autor: dot-traders

• Liquid is an FTX-owned crypto exchange based in Japan and which Sam Bankman-Fried acquired in February this year.

Liquid, a Japan-based cryptocurrency exchange acquired by bankrupt crypto exchange FTX in February this year, has halted all withdrawals and deposits.

The exchange, which announced this via Twitter on Tuesday, said the decision to pause all crypto and fiat withdrawals is down to the ongoing Chapter 11 bankruptcy proceedings involving FTX and about 130 of its affiliate companies.

Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States.

We will provide updates when available.

— Liquid Global Official (@Liquid_Global) November 15, 2022

Not long after, the exchange posted an update advising users not to also deposit their crypto or fiat to the platform.

“Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States. Until further notice we would suggest to not deposit either FIAT or Crypto. We will provide updates when available,” Liquid Global tweeted on 15 November.

According to the Liquid Global team, the Chapter 11 filing by FTX impacts Quoine Pte. Ltd, the company that operated the Liquid Exchange and which FTX acquired earlier in the year.  The exchange says the halt on all withdrawals is not security-related.

Liquid temporarily suspended both fiat and crypto withdrawals on 12 November, soon after FTX shocked the crypto world with a Chapter 11 filing. The halt also came after FTX announced it had been hacked, with the security breach seeing millions of dollars in crypto assets stolen.

The Japanese exchange however temporarily resumed crypto withdrawal services after what it said had been “thorough security checks of internal systems.” 

The platform had also noted afterwards that its customer funds had not been impacted by FTX’s insolvency.

The post Crypto exchange Liquid halts all withdrawals appeared first on CoinJournal.

Cristiano Ronaldo has entered into a strategic partnership with Binance duped ‘a global marketing initiative’ that will see his first NFT collection made available on Friday, November 18 by Binance. It is a partnership between the world’s largest cryptocurrency exchange and one of the world’s most popular footballers.

The collection shall be released at 9 am UTC.

The CR7 NFT collection

The agreement with Cristiano Ronaldo is aimed at bringing Web3 to millions of Binance followers around the world through NFTs.

Commenting on the partnership, Binance Co-Founder and Chief Marketing Officer He Yi said:

“We believe the metaverse and blockchain are the future of the internet. We are honoured to collaborate with Cristiano to help more people understand blockchain and showcase how we are building Web3 infrastructure for the sports and entertainment industry.”

The NFT collection will be the first collection for the footballer. It will include seven animated collectibles with four rarity levels. The Rarity levels will be Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal.

Each NFT collectible will feature an iconic scene from Cristiano’s football career including his career-defining bicycle kicks in his early years in Portugal.

The NFT comes against the backdrop of the FTX debacle which somehow involved Binance since it wanted to buy the exchange out before realizing there were issues with its financial books.

The post Cristiano Ronaldo announces NFT collection on Binance appeared first on CoinJournal.