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Stake TERN on BlockCard For The Best Crypto Debit Card 

Cryptocurrency Debit Cards are growing in popularity.  Companies like BitPay, Wirex, and Ternio offer cards to crypto holders today, while companies like Binance and BlockFi are working on releasing

The post Stake TERN on BlockCard For The Best Crypto Debit Card  appeared first on AMBCrypto.

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Cryptocurrency Debit Cards are growing in popularity.  Companies like BitPay, Wirex, and Ternio offer cards to crypto holders today, while companies like Binance and BlockFi are working on releasing their own.  This new breed of “Crypto Cards” offers convenience and accessibility for the cardholder, plus are often cheaper for the consumer when needing to convert to FIAT currencies. 

Merchants also benefit by not having to accept cryptocurrencies with high volatility, but rather collect FIAT through leveraging the existing VISA or MasterCard payment systems. 

The BlockCard is one of the most feature robust and versatile crypto debit cards on the market.  It is made by US-based company Ternio.  BlockCard offers a number of interesting features, from the user onboarding process to functionality on the card.   Consumer experience is very important as users want 

Unique BlockCard Features:

    1. Instant Signup Approval.  Most crypto cards require the user to pass KYC review and BlockCard is no different, but there is no waiting for approval.   You can have a virtual card in just a few minutes if you are approved.
    2. Two unique cards.  Users get a virtual BlockCard upon approval, but also get a plastic card mailed to their house.  All users get 2 cards and each has its own card number.
    3. Mobile Pay.  Sync BlockCard with Apple, Google, or Samsung pay to use with your mobile phone or smartwatch.
    4. Cash to Crypto.  Users can go to national retailers like Walmart or CVS to deposit cash directly onto their BlockCard to get cash into crypto. 
    5. The Best Rewards Program.  The BlockCard rewards program wins.   It offers unlimited 6.38% crypto back on all merchant spending.  The most rewards on the market. 

TERN Staking for Crypto Back Rewards:

The BlockCard rewards program is the most generous on the market at up to 6.38% crypto back rewards.  Rewards programs are not new, but most have limits on the number of rewards a consumer can earn are often restricted to total dollar amounts or certain categories.  BlockCard enables users to earn crypto back rewards by staking TERN.   Users can earn 1% back by staking 30,000 TERN all the way up to 6% back by staking 145,000 TERN.

Source: BlockCard

BlockCard spenders also earn rewards on the rewards they already earned.  This is how you are able to earn an additional 0.38% back.  TERN can be spent just like FIAT on BlockCard and there is no conversion process required to get these benefits.  If you spend $1,000 a month on BlockCard, you would get back $63.80.   Over the course of a year, that’s $765.60 just for using BlockCard.  

BlockCard Public Opinion:

Reviews on BlockCard have been mainly positive from crypto debit card review sites, to social media, and consumer review.  User “Walter” on TrustPilot said BlockCard was “The Best Bitcoin Debit Card you can get.”  Most users liked the convenience of the card, great rewards, and low fees.  A positive customer service experience was something that appeared often as well. 

Source: BlockCard

However, not all feedback was positive.  Some criticisms of BlockCard include:

  1. No mobile application for iOS or Android
  2. No metal card offering.  Only plastic or virtual is available 
  3. No availability outside of the United States. 
  4. User balances can fluctuate with the crypto market. 

A stable-coin option for users would be a great addition to BlockCard.   While BlockCard is a great use for the TERN currency, some users may prefer to avoid crypto price speculation and keep assets in the non-fluctuating currency for their everyday spending.   

Conclusion:

Ternio has produced one of the best crypto debit cards on the market with its BlockCard.   Between robust features, versatile functionality, and a generous rewards program, BlockCard is a solid choice for any crypto holder looking for a way to spend their cryptocurrency.   Consumer reviews on BlockCard are ultimately positive, but it would be nice to see additional options like to see a stable-coin option for users to spend.   Staking TERN and benefiting from the 6.38% crypto-back rewards is something all BlockCard holders should do.  

You can sign up for BlockCard at GetBlockCard.com 

Disclaimer: This is a paid post and should not be considered as news/advice.

Source: https://ambcrypto.com/stake-tern-on-blockcard-for-the-best-crypto-debit-card

Blockchain

KLAY Technical Analysis: Price Currently at $1.06, Close to Strong Support Level of $1.01

KLAY Technical Analysis: Price Currently at $1.06, Close to Strong Support Level of $1.01

Rate this post Klaytn is a public blockchain launched in June 2019. In order to convey the value of blockchain technology, a platform should provide an accessible user experience and development environment. Using an efficient hybrid design, the Klaytn platform combines the benefits of both public blockchains (decentralization, distributed governance) and private blockchains (low latency, scalability). Let us look at the technical analysis of KLAY. Past Performance On September 14, 2021, KLAY started trading at $1.33. As of September 20, 2021, the closing price of KLAY was $1.06. Thus, in the past week, the KLAY has been very less volatile. In the last 24 hours, KLAY has traded between $1.02-$1.86. https://www.tradingview.com/x/jRHWLpRB/ The Klaytn 2.0 global expansion of the coin has turned out to be positive news for Klaytn. However, Klaytn after grabbing institutional investors’ attention like Humanspace, Wemade Tree, and Piction Network saw hefty profit booking. A downtrend in Klaytn began after BTC’s 15% shakedown. On the four-hour chart, KLAY is in a downtrend. Moreover, traders are following the Sell-On-Rise concept. After the recent BTC shakedown, the trend has been shifted, and it is currently forming the base around the support zone. However, we can expect a breakout on the chart after some consolidation. A breakdown or a breakup will decide the future trend of the token. KLAY Technical Analysis Currently, the RSI is at 29.56%. After entering the oversold zone, the RSI has been constantly rising. Also, the RSI is currently near to its resistance level, therefore, after a short pullback, and we can expect KLAY to bounce back. MACD and EMA are in the negative zone, suggesting a sell signal. We can witness a bearish crossover between the MACD and signal lines. Therefore, the price will test support levels. On the four-hour chart, the OBV is consolidating and getting ready to continue its upward trajectory. Day-Ahead and Tomorrow The KLAY price is currently trading at $1.06, which is close to its strong support level of $1.01 on the daily chart. The breakdown from this level will highlight the next support level at $0.86. Hence, traders can take a short position after this support level is broken while keeping a stop loss at $1.09. However, on the other hand, if the price starts rising. The first resistance level the price will test is $1.17, which is a crucial one for the upcoming price trends. If the price breaks out from this resistance level, then traders can take a long position, keeping the next target of $1.29 and the stop-loss at $0.86.

The post KLAY Technical Analysis: Price Currently at $1.06, Close to Strong Support Level of $1.01 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Klaytn is a public blockchain launched in June 2019. In order to convey the value of blockchain technology, a platform should provide an accessible user experience and development environment. Using an efficient hybrid design, the Klaytn platform combines the benefits of both public blockchains (decentralization, distributed governance) and private blockchains (low latency, scalability). Let us look at the technical analysis of KLAY.

Past Performance

On September 14, 2021, KLAY started trading at $1.33. As of September 20, 2021, the closing price of KLAY was $1.06. Thus, in the past week, the KLAY has been very less volatile. In the last 24 hours, KLAY has traded between $1.02-$1.86.

TradingView Chart

The Klaytn 2.0 global expansion of the coin has turned out to be positive news for Klaytn. However, Klaytn after grabbing institutional investors’ attention like Humanspace, Wemade Tree, and Piction Network saw hefty profit booking. A downtrend in Klaytn began after BTC’s 15% shakedown.

On the four-hour chart, KLAY is in a downtrend. Moreover, traders are following the Sell-On-Rise concept. After the recent BTC shakedown, the trend has been shifted, and it is currently forming the base around the support zone.

However, we can expect a breakout on the chart after some consolidation. A breakdown or a breakup will decide the future trend of the token.

KLAY Technical Analysis

Currently, the RSI is at 29.56%. After entering the oversold zone, the RSI has been constantly rising. Also, the RSI is currently near to its resistance level, therefore, after a short pullback, and we can expect KLAY to bounce back.

MACD and EMA are in the negative zone, suggesting a sell signal. We can witness a bearish crossover between the MACD and signal lines. Therefore, the price will test support levels.

On the four-hour chart, the OBV is consolidating and getting ready to continue its upward trajectory.

Day-Ahead and Tomorrow

The KLAY price is currently trading at $1.06, which is close to its strong support level of $1.01 on the daily chart. The breakdown from this level will highlight the next support level at $0.86. Hence, traders can take a short position after this support level is broken while keeping a stop loss at $1.09.

However, on the other hand, if the price starts rising. The first resistance level the price will test is $1.17, which is a crucial one for the upcoming price trends. If the price breaks out from this resistance level, then traders can take a long position, keeping the next target of $1.29 and the stop-loss at $0.86.

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Source: https://www.cryptoknowmics.com/news/klay-technical-analysis-price-currently-at-1-06-close-to-strong-support-level-of-1-01/

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Blockchain

Robinhood Silently to Test Crypto Wallets & Crypto Transfer Functions


According to a Bloomberg report, Zero-commission financial trading platform Robinhood is low-profile testing new crypto wallet features for its customers, which will allow users to send and receive cryptocurrencies. (Read More)

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According to a Bloomberg report, Zero-commission financial trading platform Robinhood is low-profile testing new crypto wallet features for its customers, which will allow users to send and receive cryptocurrencies.

Webp.net-resizeimage (17).jpg

Reportedly, Robinhood users currently can only use U.S. dollars to buy cryptocurrencies and trade digital assets on the platform but cannot withdraw the encrypted assets.

This is the first time the company has introduced deposit and withdrawal functions for digital assets like Bitcoin (BTC). 

Bloomberg reported that the beta version of the application on its IOS system reflects the company’s work on such functions. Also, there is a hidden image showing the waiting list page for users to register for the function of the encrypted wallet. It also involves the code related to the transfer of cryptocurrency assets.

Robinhood CEO Vlad Tenev pointed out in the second-quarter earnings conference call that adding a crypto wallet is the top priority of the company’s developers and said:

“It’s something that our teams are working on. The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

As reported by Blockchain.News on September 9, Robinhood Markets Inc. has launched a new cryptocurrency recurring investment feature that lets customers automatically invest in cryptocurrencies on a daily, weekly, or monthly schedule.

The new feature is set to allow its customers to purchase cryptocurrency commission-free and with a little as $1 worth of cryptocurrency of their choice monthly, weekly or even daily.

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Source: https://Blockchain.News/news/robinhood-silently-to-test-crypto-wallets-crypto-transfer-functions

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Binance Ceases Crypto Futures and Options Offering in Australia

The exchange is pulling its derivatives services around the world amid regulatory crackdowns.

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Binance continued to limit its services as the crypto exchange most recently ceases offering futures, options and leveraged tokens to its customers in Australia. According to the official announcement on Tuesday, the step has been taken to comply with local regulations.

This came as an extension of already imposed restriction in Australia as the crypto exchange last month ceased the Australians from opening new accounts for trading options, margin products and leveraged tokens.

Though the crypto exchange giant will stop its offerings on September 24, the Aussie clients will have a 90 days deadline to reduce and close their positions for the ceased products. The exchange will allow users to increase or open new positions, but they can top-up margin balances to prevent margin calls and liquidations.

“Users will no longer be able to manually reduce or close their positions after 2021-12-23 11:59 PM (UTC). Thereafter all remaining open positions will be closed,” Binance stated.

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Compliance Is a Must Now

Once aimed to offer crypto trading services with almost every local fiat currencies, Binance is facing heavy regulatory backlash now. Multiple regulators, from big and small jurisdictions, are flagging Binance’s services for offerings without holding requisite licenses.

The financial regulator of Japan even said that the exchange is operating in the country without the mandatory license, while the Malaysian financial watchdog made the exchange exit the country.

While the Australian regulator did not specifically issue any warning against Binance, it issued a general warning against all unlicensed crypto exchanges offering services to Aussie traders.

“Our aim is to create a sustainable ecosystem around blockchain technology and digital assets,” Binance added. “Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators.”

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Source: https://www.financemagnates.com/cryptocurrency/news/binance-ceases-crypto-futures-and-options-offering-in-australia/

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