Die MAS hat Fragebogen an mehrere Krypto-Unternehmen verschickt, um eine Reihe an detaillierten Informationen über deren Geschäfte zu erheben.
Argentinian crypto firm Ripio lunches Visa card in Brazil
Ripio, an Argentinian crypto firm, has unveiled a Visa card in Brazil that allows users to pay using cryptocurrencies and in return earn cashback rewards in bitcoin (BTC). The Visa card is a prepaid debit card and shall be used with any merchant that accepts Visa payments.
According to a statement by Ripio, the newly launched Visa Card will allow users to use all 28 cryptocurrencies that are listed on Ripio’s crypto exchange platform.
Ripio’s Visa Card adds to the long list of partnerships that Visa has managed to ink in Latin America. In June, Visa announced that it had partnered with multiple crypto players and neobanks to launch similar card products.
250,000 Visa Cards up for grabs
Ripio aims at issuing about 250,000 Visa Cards before the year ends. In the long term, Ripio aims to entice its 1 million Brazilian customers to make use of the Visa Card.
The Visa Card will be available as a physical plastic card (similar to the one issued by banks), or as a digital card that can be used using a smartphone.
Additionally, card users can choose to also pay in fiat currency besides cryptocurrencies. In either way (whether paying in crypto or fiat) the user gets a 5% BTC cashback on all purchases. The cashback rewards will however not be distributed until late October after which they will be capped at $50 monthly.
Ripio has however indicated that it is looking at the possibility of offering altcoin rewards in future. The company is also planning to launch the Visa Card in Argentina before the end of the year.
Generally, Ripio’s Visa Card intends to link users’ fiat and crypto wallets.
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Cardano price jumps after confirmation of Vasil Hard Fork coming sooner
Cardano (ADA) price started the day on a high note after jumping 3% following a recent tweet by Adam Dean, one of the IOHK developers, confirming that the Cardano Vasil Hard Fork may be coming sooner than expected.
According to Dean’s tweet, Stake Pool Operators (SPOs) running the 1.35.3 node now account for 63% of blocks according to a 12-hour chart data on PoolTool. This comes after the IOHK confirmed in a tweet confirmed the target of 75% block production on the 1.35.3 node for the much-awaited Vasil Hard Fork on the Cardano mainnet to be implemented.
Cardano’s price shot by more than 3% to a high of $0.48 just about 2 hours after Adam Dean.
The Vasil Hard Fork has seen continuous delays with the latest delay happening in July. The delays were caused by bugs in nodes 1.35.0 and 1.35.2. Some community members have also criticized IOHK for what they say is a rush to deploy the 1.35 node despite a bug being found on node 1.35.2.
Nodes running the Cardano mainnet
At the moment, 57% of 1.35.3 nodes are running the Cardano mainnet and developers have successfully tested the 1.35.3 node and component integration and some significant bugs have been identified. There are also a total of 9 minor bugs in the backlog.
Besides a 75% block production on the 1.35.3 node, two other requirements are required for the Vasil Hard Fork to take place. the first is at least 24 exchanges upgrading the node to provide 80% of liquidity and the second is top 10 DApps testing against node 1.35.3 during the pre-production testnet.
So far Binance and other crypto exchanges have announced upgrading the 1.35.3 Cardano node. 4 top DApps have also confirmed testing against node 1.35.3.
Cardano’s Vasil Hard Fork benefits
The Vasil Hard Fork is aimed at improving Cardano’s security, smart contract performance, and scalability.
It will also allow developers to build more secure and efficient decentralized applications on the Cardano Network.
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Binance wird Ein- und Auszahlungen für ETH und ERC-20 während Merge stoppen
Um Unsicherheit herauszunehmen, hat sich die führende Kryptobörse entschieden, an den beiden Merge-Terminen alle Auszahlungen und Einzahlungen in ETH und ERC-20 zu stoppen.
Here’s why the Uniswap (UNI) price is at risk of a major plunge
Uniswap price continued retreating this week even after a major governance vote. The UNI token crashed to a low of $6.72, which was about 32% below the highest point this month. It is hovering near the lowest level since July 27th.
Uniswap Foundation
Uniswap is one of the biggest players in the decentralized finance (DeFi) industry. The protocol allows people to swap and earn cryptocurrencies. In addition, users have the ability to build and launch decentralized applications (dApps) in its ecosystem.
Uniswap has grown rapidly in the past few years. According to its website, its trading volume jumped to over $1.1 trillion as it executed over 107 million trades. Data compiled by DeFi Llama shows that its total value locked (TVL) stands at over $5.7 billion, making it the 5th biggest DeFi platform in the world after Maker, Lido, Aave, and Curve.
Some of the applications in its ecosystem are Endaoment, Brink Trade, TrustWallet, Argent, Flipside Crypto, and Sorbet among others.
The UNI price retreated even after a major community in its ecosystem. Community members voted to create the Uniswap Foundation which will support open-source development within the protocol. It will also streamline the issuance of grants.
As a start, the foundation will seek about $74 million from Uniswap’s decentralized autonomous organization (DAO) treasury which has over $3 billion in funds. In a statement, a community member said:
“We want to ensure that there will be a large, thriving ecosystem of organizations that are building on, integrating with, and organizing events in support of the protocol.”
Uniswap price prediction
The four-hour chart shows that the UNI price has been in a strong bearish trend in the past few weeks. The coin has found a strong support at $6.6581, where it struggled to move below this month. It has moved below the 25-day and 50-day moving average while the Relative Strength Index (RSI) has moved below the neutral point.
Uniswap price has also formed a bearish flag pattern. Therefore, the coin will likely continue falling as sellers target the next key support at $6. A move above the resistance at $7.10 will invalidate the bearish view.
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