Home / Supply Chain News /Reap Leverages Fireblocks To Enable Crypto Repayments With The Reap Card

Reap Leverages Fireblocks To Enable Crypto Repayments With The Reap Card

11 Jan 2023

As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.

The value of FTX’s exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains have been lost, FTT is currently holding above the $1 range at $1.22 per coin as of 9:30 a.m. Eastern Time on Jan. 11, 2023. The reason for this surge in value is uncertain, as FTT’s tokenomics are tied to the now-defunct FTX exchange and its potential future growth.

FTT’s levels of ownership concentration are extremely high, with a single address controlling 59.55% of the entire FTT supply. Additionally, an unknown hacker holds 45.85 million FTT tokens, comprising 13.94% of the circulating supply. Another unknown address holds 10 million FTT, or 3.04% of the total supply. FTT’s value fell below the $1 range on Dec. 19, 2022, and remained below that threshold until a spike on Jan. 9, 2023.

The most active crypto exchanges trading FTT currently include Binance, Mexc Global, Kucoin, Gate.io, and Sushiswap. On Sushiswap alone, there is roughly $104,496 in FTT trades paired against wrapped ethereum (WETH). The overall global trading volume for FTT is approximately $23.81 million among all exchanges worldwide. Since the FTT token’s all-time low 12 days ago on Dec. 30, 2022, when it reached $0.827 per unit, it has risen 45.8%. However, it remains 98.6% down from its all-time high of $84.18 per unit reached on Sept. 09, 2021.

With Sam Bankman-Fried (SBF) facing charges of financial fraud and FTX filing for bankruptcy, the future of FTT is uncertain. Despite this, the token has not experienced the same sharp decline as Terra’s LUNA did last May. FTT’s tokenomics were closely tied to those of FTX, including providing traders with reduced fees on the now-defunct crypto exchange, and now the coin’s tokenomics are in disarray.

FTT is among many crypto assets that have managed to survive despite a lack of development or clear tokenomics. It has now become something for traders to speculate on as a hobby, and in light of the ongoing scandal involving SBF and FTX, it is difficult to view it seriously.

What do you think about FTT’s market performance amid FTX’s bankruptcy case and the fraud charges against FTX’s co-founder Sam Bankman-Fried? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange’s token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.

The value of FTX’s exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains have been lost, FTT is currently holding above the $1 range at $1.22 per coin as of 9:30 a.m. Eastern Time on Jan. 11, 2023. The reason for this surge in value is uncertain, as FTT’s tokenomics are tied to the now-defunct FTX exchange and its potential future growth.

FTT’s levels of ownership concentration are extremely high, with a single address controlling 59.55% of the entire FTT supply. Additionally, an unknown hacker holds 45.85 million FTT tokens, comprising 13.94% of the circulating supply. Another unknown address holds 10 million FTT, or 3.04% of the total supply. FTT’s value fell below the $1 range on Dec. 19, 2022, and remained below that threshold until a spike on Jan. 9, 2023.

The most active crypto exchanges trading FTT currently include Binance, Mexc Global, Kucoin, Gate.io, and Sushiswap. On Sushiswap alone, there is roughly $104,496 in FTT trades paired against wrapped ethereum (WETH). The overall global trading volume for FTT is approximately $23.81 million among all exchanges worldwide. Since the FTT token’s all-time low 12 days ago on Dec. 30, 2022, when it reached $0.827 per unit, it has risen 45.8%. However, it remains 98.6% down from its all-time high of $84.18 per unit reached on Sept. 09, 2021.

With Sam Bankman-Fried (SBF) facing charges of financial fraud and FTX filing for bankruptcy, the future of FTT is uncertain. Despite this, the token has not experienced the same sharp decline as Terra’s LUNA did last May. FTT’s tokenomics were closely tied to those of FTX, including providing traders with reduced fees on the now-defunct crypto exchange, and now the coin’s tokenomics are in disarray.

FTT is among many crypto assets that have managed to survive despite a lack of development or clear tokenomics. It has now become something for traders to speculate on as a hobby, and in light of the ongoing scandal involving SBF and FTX, it is difficult to view it seriously.

What do you think about FTT’s market performance amid FTX’s bankruptcy case and the fraud charges against FTX’s co-founder Sam Bankman-Fried? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.

Cosmos (ATOM) raced to a two-month high on Wednesday, as the token climbed to its strongest point since November.

Following a low of $11.10, ATOM/USD raced to a peak of $11.44 earlier in today’s session.

As a result of this latest surge in price, cosmos moved to its highest point since Nov. 12.

Looking at the chart, today’s rally occurred as the 14-day relative strength index (RSI) ventured deeper into overbought territory.

In addition to this, the 10-day (red) moving average (MA), continued its upward ascent versus the 25-day (blue) MA.

However, sentiment could soon be shifting, with bears looking to re-enter the market as the RSI is now tracking at a level not seen since last January.

XRP (formerly ripple) was another big mover in today’s session, extending recent gains to a fourth consecutive day.

So far on Thursday, XRP/USD has risen to an intraday high of $0.3691, which comes less than a day after hitting a bottom of $0.348.

Following this rally, xrp neared a four-week high, as prices moved to their highest point since December 16.

This latest price surge comes as the RSI moved beyond a resistance point at 57.00, and it is currently tracking at 59.41.

As a result of this move, the 10-day (red) moving average is now close to a crossover with its 25-day (blue) counterpart.

Should this upwards cross occur, it is likely that XRP will continue to move towards its long-term target of $0.40.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, atom, Cosmos, Ripple, XRP

Do you expect xrp to move closer to $0.40 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing.

Cosmos (ATOM) raced to a two-month high on Wednesday, as the token climbed to its strongest point since November.

Following a low of $11.10, ATOM/USD raced to a peak of $11.44 earlier in today’s session.

As a result of this latest surge in price, cosmos moved to its highest point since Nov. 12.

Looking at the chart, today’s rally occurred as the 14-day relative strength index (RSI) ventured deeper into overbought territory.

In addition to this, the 10-day (red) moving average (MA), continued its upward ascent versus the 25-day (blue) MA.

However, sentiment could soon be shifting, with bears looking to re-enter the market as the RSI is now tracking at a level not seen since last January.

XRP (formerly ripple) was another big mover in today’s session, extending recent gains to a fourth consecutive day.

So far on Thursday, XRP/USD has risen to an intraday high of $0.3691, which comes less than a day after hitting a bottom of $0.348.

Following this rally, xrp neared a four-week high, as prices moved to their highest point since December 16.

This latest price surge comes as the RSI moved beyond a resistance point at 57.00, and it is currently tracking at 59.41.

As a result of this move, the 10-day (red) moving average is now close to a crossover with its 25-day (blue) counterpart.

Should this upwards cross occur, it is likely that XRP will continue to move towards its long-term target of $0.40.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, atom, Cosmos, Ripple, XRP

Do you expect xrp to move closer to $0.40 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. Taunt Battleworld, a digital collectible competitive fighting game for the metaverse, will launch its next NFT collection, the Black Magic Collection, on January 14, 2023, exclusively on Magic Eden. These NFTs are ideal for gamers and enthusiasts interested in the fighting game genre featuring player-owned assets and various live tournaments. In addition, all fighters will also come with a decentralized artificial intelligence Brain from Altered State Machine. The ASM Brains are AI NFTs, which will power future utility in the game such as training, personality, and breeding. Besides gamers and enthusiasts, the Black Magic Collection also targets native crypto fans looking to actively support nascent, advanced, and innovative projects.

Described as the “ultimate digital collectible fighting game for the metaverse,” Taunt Battleworld is also a fascinating platform that allows players to participate in esports and free-to-play tournaments while enjoying, in its entirety, the unique advantages of player-owned, in-game assets. Gamers can play as their favorite web 3.0 characters, combat sports legends, or lethal Acolyte Warriors.

Taunt Battleworld players train, strategize, ft, watch, predict, and play as their favorite characters in the game.

The Black Magic Collection

The Black Magic Collection was selected as one of the first 7 gaming launch projects for the Polygon launch of Magic Eden—the leading cross-chain NFT platform—on January 14, 2023. The NFT collection comprises 1500 unique digital collectibles, all playable characters in the Taunt Battleworld gaming universe.

Designed to bring the thrills and excitement of UFC to the metaverse, the Black Magic NFT warriors consist of renowned combat sports athletes such as Andy Ruiz Jr, Cris Cyborg, and undefeated boxing champion Floyd Mayweather Jr. Other warriors include warriors from NFT communities like Super Yeti, Mad Rabbits Riot Club, and Decentral Games Ice Poker.

Taunt Battleworld plans to launch a native in-game utility token, $TAUNT. This token will power the ecosystem’s gaming experience within the confines of blockchain gaming and web 3.0. $TAUNT will launch in Q1 of 2023, allowing players to fully experience the Taunt Battleworld ecosystem.

Crypto native audiences will be able to vote for Taunt Battleword to be listed on top decentralized launchpad DAOmaker from January 11th through January 18th while also earning a free airdrop of $TAUNT.

Join the whitelist for the Black Magic Collection for free and mint on the release date, January 14, 2023. Learn more about the $TAUNT token and its capacity to power this advanced gaming ecosystem. Visit and play for free here.

About Taunt Battleworld

Taunt Battleworld is the ultimate digital collectible fighting game for the metaverse. With an immersive social platform – Taunt Live, Taunt Battleworld allows players to engage in free-to-play and esports competitions while also enjoying the benefits of player-owned assets. Play as combat sports legends, your favorite web3 characters, or deadly Acolyte Warriors to defeat your opponent. Play. Watch. Fight.

Taunt Battleworld is founded by industry veterans from EA, Amazon, and THQ.

Media Contact

Company Name: Taunt Battleworld

Company Website: https://www.playtaunt.io/

Company Email: hello@turntgaming.com

Social Contact

Discord: https://discord.com/invite/playtaunt

Twitter: https://twitter.com/playtaunt

Telegram: https://t.me/TauntBattleworld

Instagram: https://www.instagram.com/playtaunt/?igshid=YmMyMTA2M2Y=

Whitepaper: https://taunt-battleworld.gitbook.io/taunt-battleworld/

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. Taunt Battleworld, a digital collectible competitive fighting game for the metaverse, will launch its next NFT collection, the Black Magic Collection, on January 14, 2023, exclusively on Magic Eden. These NFTs are ideal for gamers and enthusiasts interested in the fighting game genre featuring player-owned assets and various live tournaments. In addition, all fighters will also come with a decentralized artificial intelligence Brain from Altered State Machine. The ASM Brains are AI NFTs, which will power future utility in the game such as training, personality, and breeding. Besides gamers and enthusiasts, the Black Magic Collection also targets native crypto fans looking to actively support nascent, advanced, and innovative projects.

Described as the “ultimate digital collectible fighting game for the metaverse,” Taunt Battleworld is also a fascinating platform that allows players to participate in esports and free-to-play tournaments while enjoying, in its entirety, the unique advantages of player-owned, in-game assets. Gamers can play as their favorite web 3.0 characters, combat sports legends, or lethal Acolyte Warriors.

Taunt Battleworld players train, strategize, ft, watch, predict, and play as their favorite characters in the game.

The Black Magic Collection

The Black Magic Collection was selected as one of the first 7 gaming launch projects for the Polygon launch of Magic Eden—the leading cross-chain NFT platform—on January 14, 2023. The NFT collection comprises 1500 unique digital collectibles, all playable characters in the Taunt Battleworld gaming universe.

Designed to bring the thrills and excitement of UFC to the metaverse, the Black Magic NFT warriors consist of renowned combat sports athletes such as Andy Ruiz Jr, Cris Cyborg, and undefeated boxing champion Floyd Mayweather Jr. Other warriors include warriors from NFT communities like Super Yeti, Mad Rabbits Riot Club, and Decentral Games Ice Poker.

Taunt Battleworld plans to launch a native in-game utility token, $TAUNT. This token will power the ecosystem’s gaming experience within the confines of blockchain gaming and web 3.0. $TAUNT will launch in Q1 of 2023, allowing players to fully experience the Taunt Battleworld ecosystem.

Crypto native audiences will be able to vote for Taunt Battleword to be listed on top decentralized launchpad DAOmaker from January 11th through January 18th while also earning a free airdrop of $TAUNT.

Join the whitelist for the Black Magic Collection for free and mint on the release date, January 14, 2023. Learn more about the $TAUNT token and its capacity to power this advanced gaming ecosystem. Visit and play for free here.

About Taunt Battleworld

Taunt Battleworld is the ultimate digital collectible fighting game for the metaverse. With an immersive social platform – Taunt Live, Taunt Battleworld allows players to engage in free-to-play and esports competitions while also enjoying the benefits of player-owned assets. Play as combat sports legends, your favorite web3 characters, or deadly Acolyte Warriors to defeat your opponent. Play. Watch. Fight.

Taunt Battleworld is founded by industry veterans from EA, Amazon, and THQ.

Media Contact

Company Name: Taunt Battleworld

Company Website: https://www.playtaunt.io/

Company Email: hello@turntgaming.com

Social Contact

Discord: https://discord.com/invite/playtaunt

Twitter: https://twitter.com/playtaunt

Telegram: https://t.me/TauntBattleworld

Instagram: https://www.instagram.com/playtaunt/?igshid=YmMyMTA2M2Y=

Whitepaper: https://taunt-battleworld.gitbook.io/taunt-battleworld/

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

PRESS RELEASE. New York, United States, 11th January, 2023, Chainwire. Reap, the global fintech company powering expense management through the industry’s first Reap Visa Corporate Card (“Reap Card”) platform, launches industry-leading innovation by including cryptocurrency repayments functionality for the Web3 industry. Together with the Reap Card, Reap is offering expense management software that will enable web3 companies to settle their fiat payments with cryptocurrencies.

Daren Guo, Reap Co-Founder, said: “We noticed a gap in the payments market involving web3 projects that face challenges for settling corporate expenses with non-fiat currencies like cryptocurrency. A seamless and scalable solution to convert crypto into fiat currently does not exist as traditional banks have not been able to settle on an industry standard for these web3 businesses. Reap is now able to bridge the gap between web3 businesses and the web2 fiat economy.”

Security and stability are at the forefront of customers’ minds who leverage Web3 technologies. To build out a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations.

Stephen Richardson, SVP of Financial Markets at Fireblocks, added: “The security of digital assets is of paramount importance when it comes to building customer trust, which is why we are delighted to be working with Reap to power secure, frictionless payments for web3 creators. Reap’s solution stands to improve operational efficiency for web3 projects, allowing founders and project owners to focus on building innovative products with greater peace of mind. We’re proud to work with innovative companies like Reap that will enable the next generation of digital assets.”

The Reap Card simplifies the process of settling global payments in fiat by using USDC, USDT, BTC, and ETH seamlessly to resolve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how the Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

“As an early adopter of Reap Card, we have been able to take advantage of their innovative product suite and seamlessly settle payments in fiat currencies,” said Dosh, Communication and Marketing Team at Gnosis. “Reap’s solution has been particularly useful for bypassing the difficulties and hurdles that often come with trying to use cryptocurrency to navigate the traditional banking system.”

Reap envisions a future where every business, regardless of size and industry, has the opportunity to operate at its full potential by building and applying innovative financial solutions. Reap is committed to orchestrating success with all types of business to capture global opportunities, in an ever-changing competitive global marketplace.

About Reap

Reap is a financial platform that enables access and financial connectivity through innovation for companies of all sizes. Reap combines spend management software with a range of innovative payment products — including the flagship Reap Visa Corporate Credit Card. Reap is committed to helping businesses orchestrate success by providing the best financial tools that evolve with their customers and the market.

Reap is supported by industry-leading investors including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures and Payment Asia. Reap was founded in 2018 and has expanded to a team of over 40, working across offices in 7 countries.

Find out more here. Media Inquiries: Reap media@reap.global

Contact

Daniel Choy

daniel@reap.global

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments

The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.

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