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.
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.
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.
MDX price staged a strong recovery this week as investors bought the dip. The coin jumped to a high of $0.12, its highest point since November 7. At its peak, MDEX was up by more than 80% from its lowest level this month.
What is MDEX and why is it rising?
MDEX is a small but fast-growing platform in the decentralized finance (DeFi) industry. It aims to provide a platform where users can do cross-chain transactions on the BNB Chain, HECO, and Ethereum. According to its website, MDEX has a total value locked (TVL) of more than $600 million.
MDEX aims to grow by integrating more chains in its ecosystem. Its dual mining mechanism of liquidity mining and transaction mining gives participants with maximum rewards.
MDX is the native token for MDEX’s ecosystem. It has a total supply limit of about 1.06 billion coins. 10% of them are use for team operations while 7% is used to reward early investors. 49% and 31% of these funds are used for liquidity mining on HECO and BNB, respectively.
It is unclear why MDEX price has bounced back in the past few days considering that most cryptocurrencies have nosedived recently. A possible reason is that many investors have moved to Decentralised Finance now that centralized exchanges have continued imploding.
Just a few months ago, exchanges like Voyager Digital and Celsius collapsed. And this month, the top crypto newsis the collapse of FTX.
Another reason is that the network has continued adding more products in its ecosystem, On Tuesday, it added Trust Wallet to its Innovation Zone. Trust is a fast-growing coin that was recently touted by Changpeng Zhao. MDEX also continued burning more MDX tokens in a bid to boost its value.
MDX price forecast
The four-hour chart shows that the MDEX price has been in a strong recovery in the past few days. In this period, it has managed to move above the important 25-day and 50-day moving averages. The coin’s Relative Strength Index (RSI) has moved slightly below the overbought level.
MDEX has also formed a bullish flag pattern. Therefore, there is a likelihood that the coin will continue rising as bulls target the next key resistance level at $0.1600. A drop below the key support level at $0.100 will invalidate the bullish view.
How to buy MDEX
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
November has been a difficult month for cryptocurrencies. The most important crypto newswas the sudden collapse of FTX, the second-biggest exchange in the world. In the aftermath, the prices of most cryptocurrencies have crashed hard in the past few weeks. Here are some of the top penny cryptos to watch in November.
Bonfida (FIDA)
Bonfida is a blockchain project in Solana’s ecosystem. As a result, FIDA price has been one of the worst-performing cryptocurrencies in November. This happened as most investors dumped Solana and apps in its ecosystem because of their exposure to FTX and Alameda Research.
Bonfida is one of the oldest platforms in Solana’s ecosystem. It offers blockchain products for Solana. Some of the top apps in its ecosystem are Solana Name Service and Jabber. It also helps to bridge the gap between Solana, Serum, and the user.
FIDA price has fallen by more than 80% from its highest level in 2022. Still, there is a likelihood that it will bounce back as concerns about its exposure to Solana and Alameda ease. Indeed, FIDA and SERUM prices have bounced back by over 50% in the past 24 hours.
How to buy Bonfida
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Algorand is one of the leading layer-1 networks in the industry. It is an Ethereum rival that is used by developers who wants to build all types of applications in all industries. Algorand price was trading at $0.27 on Tuesday, meaning that it has plunged by over 88% from its highest point last year.
Algorand is a good penny crypto to watch in November because of its partnership with FIFA. A few months ago, the network inked a deal with FIFA. As part of the agreement, Algorand is now the official blockchain partner of FIFA.
It was also used to build all of FIFAs NFTs. Also, it will advertise widely in the upcoming FIFA World Cup. Therefore, there is a likelihood that ALGO price will do well during the event.
How to buy Algorand
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.
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
FTX Token is the native token for the FTX ecosystem. It has crashed by more than 90% this month because of the collapse of its parent company. As a result. FTT’s market cap has plunged to about $400 million.
Fundamentally, FTT is a bad investment since its parent company has collapsed. However, this does not mean that it is moving to zero any time soon. Instead, there is a likelihood that it will experience volatility as a short squeeze ensues. We have seen such performances with the likes of Celsius and Voyager Digital.
How to buy FTX token
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
MATIC is up by more than 1% in the last 24 hours as the broader cryptocurrency market continues to recover from last week’s slump.
MATIC, the native coin of the Polygon network, is up by more than 1% in the last 24 hours. The performance comes as the broader crypto market slowly recovers from its poor outing last week.
The positive performance can be attributed to Nike revealing that it would be entering the Polygon ecosystem.
Grab your kicks 👟 + BRING 👏🏽 YOUR 👏🏽 A 👏🏽 GAME 👏🏽@Nike is building their web3 experiences exclusively #onPolygon 💪🏾
This is the first step of the journey, and we can’t wait to see how Nike engages its community through #web3https://t.co/bk19RLNodX
The Polygon team revealed that Nike, one of the leading sports apparel manufacturers in the world, will build its web3 experience on Polygon.
The performance also comes as the broader cryptocurrency market continues to maintain its positive start to the week.
The total cryptocurrency market cap stands around $845 billion, up by less than 1% in the last 24 hours. Bitcoin is closing in on the $1,700 resistance level after adding 1% to its value today.
Ether, the second-largest cryptocurrency by market cap, is also up by less than 1% today and is now trading at $1,259 per coin.
Key levels to watch
The MATIC/USD 4-hour chart remains bearish despite MATIC adding more than 1% to its value today. The technical indicators show that MATIC is recovering from last week’s poor performance.
The MACD line is currently below the neutral zone, indicating that the bears still control a large chunk of the market.
The 14-day relative strength index of 47 shows that MATIC is no longer in the oversold region. At press time, MATIC is trading at $0.938 per coin. If the positive trend is maintained, MATIC could trade at around $0.9893 before the end of the day.
MATIC could surge past the second major resistance level at $1.0641 in the near term if it gets support from the broader cryptocurrency market.
Where to buy Polygon now
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.
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
