Kategorie: Crypto Markets

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.

The Mars Token is now live exclusively on the OKX cryptocurrency exchange, allowing investors to gain access to this metaverse-focused token.

MRST, the native token of the Mars Metaverse ecosystem, is live on OKX, one of the leading cryptocurrency exchanges. The token will only trade on the OKX exchange at the moment, allowing investors to gain access to the project.

OKX revealed that it supports 2 trading pairs: MRST/USDT and MRST/USDC. With the MRST token now live, it is important that you know what the token is to help you make an informed decision about whether to buy it or not.

What s the Mars Metaverse token (MRST)?

MRST is the native token of the Mars Metaverse and was developed by Mars Labs. On the Mars Metaverse, the development team had allocated a small territory called “Colony.”

Users would be allowed to own Colonies in the metaverse, enabling them to build houses and other commercial properties in the metaverse. 

MRST is the native token of this metaverse and would be used to pay for services. According to Mars Labs, users can earn rewards with MRST, including via a Play-and-Earn (PAE) system.

Another use of the MRST token is for payment of Colony or buildings. The houses and commercial buildings in the Colony can be purchased with MRST and are tradable between users. 

Users can also host events on their properties, allowing them to earn additional income, which will be paid with the MRST token. 

Mars Labs said it intends to permit third-party or indie game developers to develop and release games using the “The Mars Game Creator” software. The games developed using this software will also leverage the MRST token as the reward token for game players. 

Where to buy the MRST token

The MRST token is available to investors and traders. The Mars Labs team has decided to launch their MRST token exclusively on the OKX exchange at the moment. 

OKX is the only cryptocurrency exchange you can buy the MRST token starting next week. If you are interested in gaining early access to this project, you can open an account on OKX and get started today. 

The post Should you buy Mars Token after OKX launch appeared first on CoinJournal.

The Mars token (MRST) is now live on the OKX exchange, but knowing what it is will help you make an informed investment decision.

Mars token (MRST) is the native token of the Mars Metaverse. The token is now live live on the OKX exchange, allowing investors to buy the asset. 

However, here is what you need to know about the Mars Token. 

What is Mars Token?

Mars Token (MRST), is the native token of the Mars Metaverse. The Mars Metaverse project was developed by Mars Labs. 

In this metaverse, there is a small territory called “Colony,” which is similar to Lands on other leading metaverse projects such as The Sandbox and Decentraland. 

According to the Mars Labs, users would be allowed to own Colony in the metaverse. Thus, allowing them to build houses and other commercial properties in the metaverse. 

MRST is the token that would be used for transactions in the Mars Metaverse. The development team revealed that users could earn rewards with MRST, including via a Play-and-Earn (PAE) system.

In addition to earning rewards via the PAE system, users can pay for buildings or Colony with the MRST token. Users can sell their houses and other commercial properties in the Mars Metaverse and receive payment in MRST. 

Furthermore, users can also host events on their properties, creating an extra avenue to earn extra income in MRST tokens. 

In the future, the development team would allow third-party or indie game developers to develop and release games using the “The Mars Game Creator” software. These games would also have the MRST token as their utility tokens. 

With such as vast use case for the MRST token, it could become a metaverse token with great utility. 

Buy MRST on the OKX exchange

OKX, one of the leading cryptocurrency exchanges in the world, has exclusively listed the MRST token on its platform. Investors and traders now have access to the MRST token.

As a new metaverse project, you might still want more details about how it works. You can connect with the Mars Metaverse team in their upcoming Ask Me Anything session on 16 November 2022 at 8 am UTC (5 pm KST) on the OKX Official Telegram Channel.

The post What is Mars Token? Here is what you need to know appeared first on CoinJournal.

It has been a rollercoaster of a week, even for the cryptocurrency market standard, with FTX filing for bankruptcy.

Crypto exchange FTX files for bankruptcy

This is perhaps the most action-filled week in the cryptocurrency space since the start of the week. FTX, one of the leading cryptocurrency exchanges in the world, has filed for bankruptcy after a series of events that showed how poorly Sam Bankman-Fried handled the company.

Earlier this week, Binance revealed that it would liquidate $584 million worth of FTT tokens, with Changpeng Zhao revealing that the decision was due to some information that came to light.

FTX began to face liquidity issues afterward, with reports indicating that FTX used customer funds to fund Alameda Research, the hedge fund owned by Bankman-Fried.

Binance offered to acquire FTX and take on its liabilities but later pulled out of the deal after looking at FTX’s books. 

FTX announced earlier today that it has now filed for Chapter 11 bankruptcy, alongside numerous companies affiliated with FTX, including FTX US and Alameda Research. 

Furthermore, CEO Sam Bankman-Fried has resigned from his position, and Chicago-based attorney John J. Ray III has been appointed to take the position. The cryptocurrency exchange is seeking bankruptcy protection in Delaware.

FTX is currently under investigation in the United States by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). 

FTX is also at risk of losing its licence in Europe following the collapse of the cryptocurrency exchange. 

$150 Billion was wiped from the crypto market this week

The cryptocurrency market sustained massive losses this week, all thanks to FTX’s collapse. The total cryptocurrency market cap was above $1 trillion by the end of last week.

However, at the time of this report, the total crypto market cap stands at $852 billion. Bitcoin has lost 19.5% of its value this week and is now trading at around $16k per coin. Ether is also down by 22% this week and is now trading around $1,200. 

Crypto.com pauses USDC and USDT withdrawals on the Solana network

In another bearish news this week, crypto exchange Crypto.com notified its customers that it had halted the withdrawals of USDT and USDC stablecoins on the Solana network.

Crypto.com said the move was immediate, and users can also not deposit USDT and USDC stablecoins via the Solana network. USDT and USDC remain available via other networks, including Ethereum and Cronos.

Binance tops up its emergency fund

Following the FTX collapse, most cryptocurrency companies were on the defensive this week. Most companies came out to reveal whether they had any funds tied up with FTX and if they could handle the resulting effect.

Binance, the world’s leading cryptocurrency exchange, revealed that it had topped up the Binance Secure Asset Funds for Users (SAFU) to $1 billion. The crypto exchange said the amount had dipped to $735 million since the start of the year due to the ongoing crypto winter. The move is seen as an assurance from Binance that user funds are safe on the platform.

The post This week in crypto: FTX files for Chapter 11 bankruptcy appeared first on CoinJournal.

Cryptocurrency exchange OKX will list MRST, the native token of The Mars metaverse project.

OKX, one of the leading crypto exchanges in the world, is set to list MRST, the native token of The Mars metaverse.

Mars is a metaverse platform developed by Mars Lab. In the Mars-themed metaverse platform, Mars Labs has a small territory called “Colony.” according to the development team, 

Its users can own NFT-type Colony, allowing them to build houses or commercial buildings. They can also receive a lease using a blockchain-based Smart Contract. 

Mars Labs explained that by contributing to the Mars: metaverse, users can earn rewards with Mars Token (MRST). The ecosystem is designed to ensure that all the users of the platform can earn MRST through Play-and-Earn (PAE) system.

As the native token of the Mars Metaverse, MRST is expected to have a lot of utility within the ecosystem. Most of the buildings in the Colony can be purchased with MRST and are tradable between users.

Furthermore, users can also customise the space, such as a shopping center, gallery, party hall, classroom, and so on. Activities such as event hosting in the metaverse allow users to earn additional income, which will be paid via the MRST token. 

As the platform expands, third-party or indie game developers would be allowed to develop and release games using the “The Mars Game Creator” software. The Mars metaverse users can also host sports leagues themselves. Depending on the number of active users, MRST will be used as the reward for game players.

In addition to listing the MRST token on its platform, OKX revealed that it had opened a trade lottery offering up to $20,000 worth of MRST for winners.

The crypto exchange revealed that MRST worth $18,000 would be shared amongst the top 20 daily DEX traders over the next 10 days ($1,800 daily). OKX will airdrop the remaining $2,000 worth of MRST tokens to 20 lucky users who carry out transactions worth 10 MRST tokens r more using the OKX Web3 Wallet.

OKX is one of the leading cryptocurrency exchanges in the world. Listing the MRST token on its platform would ensure there is adequate liquidity for users of the Mars metaverse and holders of the token.

OKX listing MRST comes roughly two months after the exchange announced the launch of OKX Lite. OKX Lite, makes buying, selling, and exchanging crypto easier.

According to the team, the simplified version of the OKX trading app has a more straightforward feel and look than the other version, which is ideal for more experienced traders. 

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