Wirex: the crypto card app adds support for Liquid tokens
Wirex has announced that it has added support for Liquidâs LUSD and LQTY tokens: now users of the app with the crypto card will be able to buy, sell, and use Liquid tokens with 50 million merchants in 200 countries.
Wirex: the app with the crypto card and the new support for Liquid LUSD and LQTY tokens
Wirex, the financial app with its crypto card, has announced support for the LUSD and LQTY tokens of Liquity
Say hello to $LUSD in the Wirex app!
Get ready to spend @LiquityProtocol's stablecoin at 50 million+ merchants and earn up to 8% Cryptoback with your Wirex card.
Want to dig deeper on $LUSD? Our latest blog has all the answers. Dive in now! https://t.co/EdZHiFxQkz pic.twitter.com/4CSPOtoM5m
â Wirex (@wirexapp) January 24, 2024
âSay hello to $LUSD on the Wirex app! Get ready to spend @LiquityProtocol at over 50 million merchants and earn up to 8% Cryptoback with your Wirex card.â
In practice, users will now be able to spend their LUSD and LQTY through Wirex at over 50 million merchants in 200 countries.Â
Not only that, thanks to the use of Wirexâs crypto card, even by using LUSD and LQTY, you will be able to access the crypto back service up to 8%.Â
In this regard, Pavel Matveev, CEO and co-founder of Wirex, said:
âWe are excited to continue expanding our cryptocurrency offering and providing our users with access to innovative projects like Liquity. The integration of LQTY and LUSD into the Wirex app is in line with our commitment to empower users and simplify their cryptocurrency journey.â
Wirex: the app with the crypto card adds Liquityâs DeFi tokens
Wirex has described Liquity, recalling that it is a decentralized lending protocol that allows users to obtain interest-free loans by leveraging Ether as collateral.Â
Specifically, LUSD is the stablecoin pegged to the US dollar and backed solely by Ethereum, and it is the cryptocurrency used for issuing loans. The minimum required collateral ratio for Liquity loans is 110%.Â
The protocol has reached an important milestone, marking 1,000 days since the distribution of its smart contracts on the Ethereum mainnet. In these 1000 days, the protocol has issued loans for over $4.7 billion and currently has a TVL of $700 million.
Not only that, Liquity loans are also backed by a Stability Pool containing LUSD and other borrowers who collectively act as lenders of last resort.
LUSD and LQTY are tokens of the DeFi (Decentralized Finance) with the Liquity protocol, which is non-custodial, immutable, and without governance.
The launch of the Dual-Mode crypto card
It was October 2023, when Wirex launched its new Dual-Mode crypto card that combines traditional finance (fiat currencies and stablecoins) with DeFi protocols.Â
In practice, users can choose whether to use the same Wirex card in âdebitâ mode, that is, like a normal debit card, or in âcreditâ mode, and take advantage of Decentralized Finance (or DeFi) protocols.Â
Specifically, the âcreditâ functionality has been designed to use cryptocurrencies as collateral, through a collateralized debt position (CDP). This is a way for users to leverage DeFi for decentralized loans, in order to preserve the appreciation of their assets.Â
On the contrary, the âdebitâ option favors those users who are more inclined towards the stability of fiat currencies or stablecoins, minimizing volatility.Â
What Are The Next Big Cryptos? Best Altcoins That Could Make You Rich In 2024 â Itâs Time To Invest!
As of december 2023, the cryptocurrency market is experiencing a notable surge, led by layer-1 tokens like Solana which saw an 8% increase in just 24 hours. Bitcoin's breakthrough above the $40,000 mark, fueled by renewed hopes for the first spot exchange-traded fund (ETF) approval and expectations of rate cuts in traditional markets, has further energized the crypto landscape. This positive momentum is echoed across various cryptocurrencies, including emerging altcoins such as Aptos (APT), Sei (SEI), Render (RNDR), CyberConnect (CYBER), and ScapesMania, which are carving out their niches in this dynamic environment. Approaching 2024, emerging altcoins like Aptos (APT), Sei (SEI), Render (RNDR), CyberConnect (CYBER) and ScapesMania are leading the charge in a vibrant cryptocurrency market. With its innovative approach, ScapesMania is emerging as a significant player; simultaneously, Aptos (APT) revolutionizes decentralized trading. Post the V2 upgrade, Sei (SEI) displays growth potential; and Render (RNDR) sets sights on new peaks in digital art. In the Web3 social media space CyberConnect (CYBER) keeps making significant strides.Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Aptos (APT) Price Prediction 2023 to 2032: Will APT Price hit $50 soon?
Tens of thousands of decentralized applications have been deployed since blockchains emerged as new Internet infrastructure. Due to frequent outages, high costs, low throughput limits, and numerous security concerns, blockchain usage is not yet ubiquitous. To address these challenges, Aptos blockchain has been designed with scalability, safety, reliability, and upgradeability as key principles. More than 350 developers from all over the world have been working on the Aptos blockchain for the past three years. It addresses cutting-edge and innovative concepts in consensus, smart contract design, system security, performance, and decentralization. Aptoâs current value is $ 7.06 , showing a -2.36% in the last 24 hours. Its market cap is $ 1,944,630,670, with a trading volume of $ 118,547,167. APT ranks at 35 in the list of cryptocurrencies. APTUSDT chart by TradingViewBy using chart indicators such as the relative strength index (RSI), Arnaud Legoux Moving Average (ALMA), and moving average convergence divergence (MACD), it is possible to predict whether Aptos will experience a bullish or bearish trend for the year. However, itâs important to note that the predictions are solely based on the analysis of the indicators and the actual market outcome may differ.Aptos price prediction 2023: Aptos price for 2023 should range from $16.37 to $40.04, and the average price of APT is expected to be $37.77.Aptos price prediction 2024: Aptos price for 2024 should range from $39.07 to $47.08, and the average price of APT is expected to be $42.93.Aptos price prediction 2025: Aptos price for 2025 should range from $53.68 to $65.54, and the average price of APT is expected to be $62.27.Aptos price prediction 2026: Aptos price for 2026 should range from $69.94 to $81.47, and the average price of APT is expected to be $80.96.Aptos price prediction 2027: Aptos price for 2027 should range from $69.94 to $81.47, and the average price of APT is expected to be $80.96.$APT $thl
Terraform Labsâ Do Kwon loses appeal in Montenegro passport fraud case
Do Kwon faces criminal charges elsewhereDo Kwon, the founder and former CEO of Terraform Labs, lost an appeal after being convicted of passport fraud, a Montenegro court ordered on Nov. 16.In June, Kwon and fellow Terra associate Han Chang-joon were convicted of falsifying passport documents by the Basic Court in Podgorica, Montenegroâs capital city. Both defendants were sentenced to four months in prison at that time.The defendants appealed the charges soon after. However, in its current statement, the High Court in Podgorica reaffirmed the basic courtâs earlier conviction and sentence. It said that the court âcorrectly and completely determined the factual situation.â It also said that the basic court rightly applied Montenegroâs criminal code and took all circumstances into account in its choice of sanctions and in determining their extent.The court added that the behavior of the two individuals and the fact that the court did not determine whether the two used the falsified travel documents were both taken into account. It said the confiscation of Kwon and Chang-joonâs identity cards was necessary to arrest the two individuals and that doing so prevented future criminal acts.Do Kwon faces criminal charges elsewhereKwon is separately wanted in South Korea and the U.S. on criminal charges related to the failed stablecoin project Terra. Another set of charges from the U.S. Securities and Exchange Commission (SEC) charges Kwon and Terra with securities violations.Kwonâs overseas passport fraud sentence seemingly prevented the U.S. from extraditing him to testify in the securities case, according to court statements from Terraform Labs on Sept. 27. It is unclear how the current sentence affects his two criminal cases.Despite widespread actions against Kwon himself, his projects remain somewhat active. The TerraUSD (UST) stablecoin and specific associated cryptocurrencies lost most or all of their value in May 2022. Terraform Labs remains operational under other leadership and has not closed or filed for bankruptcy since November 2023.The post Terraform Labsâ Do Kwon loses appeal in Montenegro passport fraud case appeared first on CryptoSlate$LUNA $LUNC
What is ApeCoin?ApeCoin is a digital asset that serves as the governance and utility token within the ApeCoin DAO, as well as for the APE Foundation, which is the legal steward of the token. The primary aim of ApeCoin is to facilitate the expansion and evolution of the Bored Ape Yacht Club ecosystem, emphasizing equitable and inclusive community-led growth.BackgroundApeCoin is deeply integrated with the Bored Ape Yacht Club (BAYC), one of the most recognized and high-profile NFT projects in the space. The creation of ApeCoin was a strategic move to provide a decentralized protocol layer for community governance and to support an expanding ecosystem of services and products related to the BAYC.How does ApeCoin work?ApeCoinâs functionality is characterized by several core components:1: DAO Governance: ApeCoin holders can participate in the governance of the ApeCoin DAO, proposing and voting on decisions that guide the direction of the ecosystem.2: APE Foundation: The APE Foundation is the facilitator of the ApeCoin DAO, managing the proposals and enforcing the decisions made by ApeCoin holders.3: Ecosystem Fund: ApeCoin is utilized by the DAO to allocate resources from the Ecosystem Fund, covering expenses and funding initiatives that benefit the community.4: Permissionless Infrastructure: The governance model is designed to be open and permissionless, allowing ApeCoin holders to collaborate and contribute to the ecosystemâs development.5: Key Takeaways>ApeCoin functions as both the governance token for the ApeCoin DAO and a utility token within the broader Bored Ape ecosystem.>The token empowers its holders with decision-making authority, fostering a community-centric model for governance and ecosystem development>The APE Foundation acts as an administrative body, ensuring that community decisions are implemented effectively and align with the DAOâs objectives.>ApeCoin leverages a permissionless governance structure, promoting collaboration and innovation among its stakeholders.#ApeCoinAdventure $APE $BTC
Top 5 Altcoins to Buy with +200% Potential for December 2023
The crypto market showed a hint of positivity as we prepare to step into 2024. This has sparked a lot of interest in altcoins, which might show significant growth. In this article, we mention the top 5 altcoins to buy that have the potential to make +200% in the medium term.Which Altcoins to Buy Today?These altcoins, each unique in their offerings and community support, are currently trading below their ATHs, presenting potential opportunities for investors.5. Ripple (XRP):Known for its fast and efficient payment solutions, XRP continues to be a major player in the crypto space, especially in cross-border transactions.Current Price: $0.6691Market Cap: $35.89 billion7-Day Performance: +2.67%4. Cardano (ADA):ADA stands out with its strong focus on sustainability and scientific philosophy. Itâs a blockchain platform that aims to deliver more advanced features than any protocol previously developed.Current Price: $0.3886Market Cap: $13.70 billion7-Day Performance: +14.54%3. Shiba Inu (SHIB):A popular meme coin, SHIB is not just about the hype; itâs also making strides in blockchain innovation with projects like Shibarium, a Layer 2 solution to enhance scalability and performance.BCCurrent Price: $0.00000905Market Cap: $5.33 billion7-Day Performance: +9.80%2. Bancor (BNT):Bancor is making waves in the DeFi world with its unique liquidity pool solutions, contributing significantly to the decentralized finance revolution.Current Price: $1.1167Market Cap: $157.05 million7-Day Performance: +100.83%1. Dogecoin (DOGE)Dogecoin stands out due to its strong community support and widespread recognition, often boosted by high-profile endorsements. Its use as a tipping and transaction currency on social media and beyond showcases its practicality and growing acceptance in the digital economy.