Uphold’s partnership expands FLOKI’s global reach while the token’s total value locked (TVL) soars to $526 million, surpassing other leading memecoins. Additionally, FLOKI DAO greenlights a massive token burn of 190.9 billion tokens to enhance its value.
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FLOKI, a well-known meme token, has partnered with Uphold, a global digital trading platform with a vast user base of over 30 million. This collaboration is a big step for FLOKI, known as ‘The People’s Cryptocurrency’, as it gains access to one of the largest retail trading platforms worldwide, especially in the US.

FLOKI’s Partnership with Uphold and Price Surge

Uphold, a leading digital trading platform, now offers FLOKI alongside various other assets like Bitcoin and traditional fiat currencies. This partnership is a significant move for FLOKI’s global recognition and utilization, especially in the US market.
FLOKI has experienced an impressive surge in price recently, currently priced at $0.0001358. Over the past 7 days, it has surged by 171.2%, over 14 days by 305.1%, and over 30 days by an impressive 400%, according to CoinGecko.

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FLOKI’s ecosystem is thriving, reaching an all-time high Total Value Locked (TVL) of $526 million. This milestone includes Floki Staking with $389.6 million and FlokiFi Locker with $136.9 million. Surpassing the combined TVL of other top memecoins, FLOKI’s appeal lies in its meme-driven charm and robust fundamentals.
Also Read:   Shiba Inu's 2 Trillion Token Move Sparks $0.0001 Price Speculation
FLOKI DAO Approves Token Burn
In response to FLOKI’s remarkable price surge, the FLOKI DAO has authorized a strategic maneuver to enhance the asset’s value. This move entails a token burn of 190.9 billion FLOKI tokens, equivalent to 2% of FLOKI’s circulating supply, scheduled for Saturday at 4 PM UTC. The burning, valued at $31.5 million, aims to bolster the long-term security and stability of the Floki project.

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As the crypto community eagerly awaits the FLOKI token burn, enthusiasts and investors of the memecoin are closely observing how this strategic action will influence FLOKI’s price trajectory.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#Floki  #Uphold  #Altcoin  #Cryptocurrency  #CryptoNews  $FLOKI

Uphold is currently facing a temporary issue triggering unprecedented delays for on-chain withdrawals of crypto assets on the platform, such as XRP.
Read more on: https://thecryptobasic.com/2023/12/05/users-face-xrp-withdrawal-issues-on-uphold/
#Uphold #cryptocurreny #CryptoCommunityWatch #cryptonewstoday #CryptoNews🔒📰🚫

In a surprising turn of events, Uphold, a popular US-based crypto exchange, has delisted a swathe of popular crypto assets in Canada, including Shiba Inu (SHIB), Cardano (ADA), and Dogecoin (DOGE).This unexpected turn of events stems from Uphold’s pursuit of registration with the Ontario Securities Commission (OSC), the regulatory body overseeing securities markets in the province. To comply with the OSC’s evolving regulations, Uphold gave the boot to all the coins in its Tier 4 group and took some out of Tier 3, where the altcoins mentioned were dropped.Tweet from head of research @upholdincWhile Bitcoin (BTC), Ethereum (ETH), and other major players remain untouched in Tier 3, the delisting of Shiba Inu (SHIB), Cardano (ADA), Stellar (XLM), and Dogecoin (DOGE) has caused ripples within the crypto community.#Uphold #SHIB💥 #ADA #XLM #DOGE

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Uphold’s partnership with Ripple has raised questions about their previous discussions regarding XRP reaching $1,000 and whether this may have been a subtle hint at their collaboration.Uphold, a well-known American crypto exchange with a strong affiliation with XRP, had previously engaged in bullish discussions about the digital asset potentially reaching a value of over $100.
These discussions largely went unnoticed at the time. However, in light of Uphold’s recent partnership with Ripple, the XRP community has dug up these past statements and is now speculating if there were hidden messages in Uphold’s earlier conversations.
Uphold’s Discussion on XRP Hitting $1,000
Between 2021 and 2022, Uphold, the U.S.-based trading platform, posted several tweets inquiring about the XRP community’s expectations.
Many XRP supporters expressed their hopes that the digital asset would surpass $1,000 in value. Uphold consistently responded with a similar question: “What would you do if XRP reached $1,000?”
While Uphold’s tweets discussing the possibility of XRP reaching $1,000 were responses to other enthusiasts’ aspirations, the XRP community began to assume that the exchange itself had made these optimistic projections. They theorized that Uphold might have subtly hinted at their now-public partnership with Ripple, which could potentially contribute to XRP’s journey to $1,000.
For instance, a prominent XRP influencer, Amelie, shared a screenshot of Uphold’s tweet about “if XRP reached $1,000” and suggested that there might be a hidden message behind Uphold’s previous statements, hinting at a $1,000 valuation. They believed the Ripple-Uphold partnership had been in the works for a while.
Another XRP influencer, “Digital PerspectivesPermaBull,” expressed a similar viewpoint in response to Uphold’s tweet, echoing Amelie’s sentiments.
However, it’s important to clarify that Uphold initiated the conversation about XRP reaching $1,000, but the projections themselves did not originate from the exchange. This implies there may not be a direct connection between the bullish statements and the recently revealed Uphold-Ripple partnership.
Uphold’s Collaboration with Ripple
Ripple and Uphold recently established a strategic partnership to improve their cross-border payment services. In their official announcement, Ripple revealed its plans to leverage Uphold’s solutions to enhance its global payment infrastructure.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Uphold #XRP #Ripple

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Digital payment platform and exchange Uphold now offers an instant withdrawal feature for XRP and other cryptocurrencies, allowing users to transfer funds directly to their bank accounts.

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In a recent announcement, Uphold introduced a new feature for its users. This feature allows Uphold users to easily withdraw their XRP cryptocurrency funds and transfer them directly to their bank accounts.

The process is made convenient by using a debit card for the transaction. Uphold shared this news through a tweet, emphasizing the instant transfer capability to bank accounts.

According to the announcement, Uphold’s new service is available around the clock, 24/7. Users can take advantage of this service to withdraw various supported cryptocurrencies, not just XRP, including popular options like Bitcoin. It’s important to note that the fees associated with XRP withdrawals through this service are kept low for user convenience.

Withdrawing XRP from Uphold to Your Bank Account

To Use the Instant Withdrawal Feature on Uphold, Follow These Steps:

1. Ensure you have the latest Uphold app version.
2. Click the “Transact” button in the app.
3. Choose “Source” and then “XRP” under “My Account.”
4. Click “Select Destination” and pick your debit card from “My Cards.”
5. Add a new debit card if needed using the “+” sign.
6. Enter the dollar amount equivalent to your XRP withdrawal.
7. Confirm the withdrawal to receive the funds instantly on your debit card.

Please note that this feature is available for US and UK customers and only supports cards marked with a flash symbol matching your account address. You can watch a demo on Uphold’s YouTube channel.

Uphold Stands by XRP Amid Legal Battle

When the SEC filed a lawsuit against Ripple, many cryptocurrency exchanges, including Coinbase and Kraken, removed XRP from their platforms. However, Uphold took a different approach. The exchange decided to keep offering XRP until the lawsuit was resolved.

The court’s findings were in Uphold’s favor. It concluded that XRP itself wasn’t a security, and Ripple hadn’t violated securities laws through its sale on digital exchanges
Simon McLoughlin, Uphold’s CEO, acknowledged the risk in this decision. But Uphold’s loyalty to XRP paid off as the exchange saw a significant increase in net deposits when other platforms relisted the cryptocurrency.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #cryptomarket #Uphold #XRP