About Wirex Card
With the help of Wirex Card, you may buy, store, trade, and spend both digital and conventional currencies at any time and from any location. You can use the multicurrency Wirex Visa card to make real-world cryptocurrency purchases. Simply convert it to fiat currency, swipe your card, and get paid. Every inhabitant of the world needs a Wirex card. It automatically makes payments in the local currency with no exchange fees, and it supports over 150 different currencies.
Wirex Card Specification Overview
|Support Currency||AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, USD|
|Location||London, United Kingdom|
|Withdraw Fees||Depends on Currency|
|Official website||Click Here To Visit|
The company behind the Wirex Mastercard card was founded all the way back in 2014. Wirex has continued to offer their service throughout multiple booms and busts in the crypto market and now offers the Wirex Visa in the USA.
Like many other crypto debit cards these days, the Wirex Visa card has a proprietary token attached to it in the form of X-points, which can be converted to cryptocurrencies.
You can earn up to 8% in cryptoback with X-Points although you don’t get quite as many perks as other token-powered crypto debit cards such as the Crypto.com Visa card and the Swipe Visa card.
Is the Wirex Card Good For You ?
If you are looking for a credit card with no annual fee and a great return on purchases paid in Bitcoin, the Wirex Card might be perfect for you. Many investors praise dollar-cost averaging as the best way to invest in crypto, and the card is a great way to start for free.
How to Apply for the Wirex Rewards Credit Card
You can apply for the Wirex Rewards credit card via the website. You’ll see a link to “Get your card” on the homepage.
The first step to apply for your card is to sign up for Wirex . You can do this by providing your full name, a password and confirming that you’re over 18.
Rewards and Features
Support Fiat Currency
Wirex also supports 16 fiat currencies that include Australian Dollar, British Pound, Canadian Dollar, Croatian Kuna, Czech Koruna, Euro, Hong Kong Dollar, Japanese Yen, Mexican Peso, New Zealand Dollar, Polish Zloty, Romanian Leu, Singapore Dollar, Swiss Franc, and U.S Dollar.
The next-gen Wirex travelcard
Your multicurrency Wirex card* lets you pay internationally without hidden charges. Plus, it earns WXT rewards with every in-store and online purchase. It’s your money, take control.
The ultimate travelcard
Your multicurrency Wirex travelcard makes difficult things very easy. It automatically converts to local currency at point-of-sale using the best possible live & Over-the-Counter (OTC) rates. That means you can seamlessly spend any of 50* crypto and traditional currencies in real life, whether you’re picking up the cheque or tapping in on public transport. If that isn’t a game-changer, we don’t know what is.
Quick Money Transfer
With Wirex, users can easily transfer cryptocurrencies globally for free and take advantage of the various integrated banking channels like Swift, SEPA, and other Faster Payments.
Spend 150+ currencies at live rates at more than 80m locations worldwide.
Cryptoback™ rewards pay back up to 2% in WXT on all spending, in-store & online.
High limits, zero fees
Up to SG $400 monthly ATM withdrawals and no monthly maintenance charge.
Keeping your money safe
Security is paramount. They put the power in your hands, combining resilient anti-fraud technology with practical measures like Strong Customer Authentication (SCA) and sophisticated device authorisation.
Wirex Credit Card Support
Similar to other traditional credit card companies, BlockFi Rewards Visa Signature credit card has its dedicated support team. This team was created to help cardholders resolve any problem they encounter when using the card.
Additionally, new applicants can reach out to the team to learn more about the status of their card applications
Does Wirex Rewards Card Affect Credit Score?
The preapproval process for the Wirex Rewards Visa Signature credit card will not affect an applicant’s credit score. However, applicants who want to proceed to the next stage must agree to a hard credit pull after the preapproval phase.
After agreeing to this term, Wirex will conduct a credit inquiry. When the hard credit pull occurs, it may impact the credit score of potential cardholders.
Is the Wirex Credit Card Safe?
Yes, Wirex Visa card is safe to use for investors worldwide. Although the rewards are managed by the card is issued by Evolve Bank & Trust. Cryptocurrency assets are held by regulated custodians.
How do I get the Wirex welcome bonus?
You’ll receive the welcome bonus just for signing up for the Visa card. The bonus let’s new users earn 8%.
Can I buy Bitcoin on Wirex?
Yes, you can buy bitcoin and other crypto assets on Wirex.
How To Contact Wirex team
Bitcoin Has Entered Into The Early Bull Phase — Crypto Pundit Avers ⋆ ZyCrypto
Ki Young Ju, the CEO of data analytic firm CryptoQuant is convinced that Bitcoin is on the cusp of a major lift-off as crypto traders continue to switch from a risk-off to risk-on mode.
Earlier yesterday, Young tweeted that Bitcoin had “entered into the early bull phase”, suggesting that the top cryptocurrency by market capitalization could be preparing to push higher. Despite plunging by roughly 77% on the back of macroeconomic headwinds and a wider route in the crypto industry last year, Bitcoin has had a good run so far this year. This month alone, the crypto asset’s value grew over 40%, fully recovering from the FTX-induced sell-off and perching above levels last seen in August.
According to Young, whereas the asset’s price could pull back following the recent pump, there is a higher chance that it will continue to rise as various metrics turn positive. Highlighting the MVRV ratio, a profit and loss indicator that measures if the bitcoin price is undervalued or overvalued, the pundit noted that most investors were still underwater, reducing the incentive to sell.
Typically, when MVRV is above 3.7 (red area), bitcoin is said to be overvalued (market tops), and when it is below 1 (green area), bitcoin is said to be undervalued (market bottom). Recently the MVRV indicator moved above 1 (1.07), signalling the beginning of a bull cycle.
In Young’s words;
“No one would want to sell here at a significant loss. If someone sells a lot, it’s highly likely forced & unwanted selling due to bankruptcy, government-seized coins, etc.”
On Wednesday, Young also stated that there was a likelihood that wealthy investors would purchase struggling US-based Bitcoin (BTC) mining companies and their crypto holdings at a discount this year, preventing further miner capitulation. According to him, such acquisitions would significantly remove systematic risks associated with the mining sector, igniting a bullish storm for BTC and other cryptocurrencies.
“BTC miner capitulation might play out differently this time. Less likely, but it could be bullish if someone(s) acquires US-based Bitcoin mining companies and their crypto holdings at a significant discount this year,” he said.
Notably, the total supply of BTC in loss hit a 9-month-low this week, the lowest since April 2022, when Bitcoin was trading in the $40,000 range. Cryptoquant noted that “every time the supply in loss reaches values above 50%, capitulations occur, and price bottoms can be identified along Bitcoin’s history.” Currently, 32% of Bitcoin’s total supply is in loss after dropping from about 55% a month ago.
At press time, Bitcoin was trading at $23,049, up 0.14% in the past 24 hours, according to data from CoinMarketCap.
FTX Attorneys To Drag SBF’s Parents And Brother In Questioning About Their Personal Wealth
The tragedy of FTX appears to be becoming more personal, as the bankrupt exchange’s legal counsels are now seeking to drag the founder’s family members and grill them about how they established their affluence.
In a court filing, FTX attorneys requested that Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, testify under oath and produce financial papers regarding their personal fortune as part of the company’s effort to reclaim funds that may be used to repay creditors.
Gabriel, the brother of former FTX CEO Bankman-Fried, will also be questioned in court over any financial benefits he may have gotten from the company.
SBF, although being collaborative to the point of spending the rest of his life in prison, has neglected to provide federal prosecutors with all the necessary information regarding the diverted money, resulting in the current situation.
Lawyers Seek Answer From SBF Family If They Received Money From FTX
In light of claims that FTX shifted billions of dollars in investor cash to prop up his Alameda Research trading unit, federal authorities have accused him with fraud. SBF entered a not-guilty plea.
According to reports, other FTX executives may be subject to the same inquiry in an attempt to locate assets associated with the bankrupt cryptocurrency exchange.
Sources also have it that Bankman-Fried’s mother provided tax advice and recruitment assistance to FTX personnel.
FTX former CEO, Sam Bankman-Fried. Image: CNA.
Reportedly, his father served as a tax counsel to employees of the company and provided recommendations for the appointment of the company’s legal team.
Supposedly, Gabriel established a lobbying group and housed its operations in a mansion worth several million dollars not far from the U.S. Capitol.
It has been stated that his mother and brother are not helping with the investigation that is currently taking place into FTX.
Reuters reported in November that Bankman-Fried’s parents were signatories on a $16.4 million residence in the Bahamas, which was designated in property records as a “holiday home.”
FTX Owes Thousands Of Creditors Money
SBF faces eight criminal counts, including violations of campaign finance regulations and wire fraud. Since his extradition from the Bahamas to the United States, he has been under house arrest at his parents’ home. His trial is scheduled to commence in October.
After the collapse of the once-powerful cryptocurrency exchange in November, newly released bankruptcy records revealed thousands of creditors to whom FTX owes funds.
Wall Street stalwarts like JPMorgan and Goldman Sachs were included on the 116-page list of creditors, which also included firms, charities, people, and other institutions.
Crypto total market cap at $996 billion on the daily chart | Chart: TradingView.com
Meanwhile, FTX has opposed to a request from the U.S. Department of Justice for an independent inquiry into the company’s collapse, claiming that it is already conducting a comprehensive review that includes family members of SBF.
FTT, the native token of the FTX cryptocurrency exchange, had risen by 185% over the last 30 days.
At the time of writing, the altcoin was trading for $1,940, a decrease of approximately 22% from its previous price of $2,4.00.
-Featured image: Novel Suspects
Kraken Appoints CJ Rinaldi as Chief Compliance Officer
New CCO brings three decades of financial services experience
SAN FRANCISCO – Jan. 24, 2023 – Kraken, one of the world’s largest and most-trusted crypto platforms, today announced the appointment of CJ Rinaldi as Chief Compliance Officer. CJ’s decades of experience, both in traditional and decentralized finance, will further strengthen Kraken’s compliance program amid a fast-evolving regulatory landscape.
“To accelerate the adoption of cryptocurrencies around the world, Kraken must continue to navigate an increasingly complex regulatory landscape,” said Kraken’s incoming CEO David Ripley. “CJ’s impressive international career in both the private and public sectors positions us for continued success in meeting global compliance needs.”
CJ was previously Chief Compliance Officer at Blockchain.com, where he was tasked with building out global compliance frameworks and mitigating compliance risk for the firm. Prior to that, CJ had several roles at Deutsche Bank, including Chief Compliance Officer for its swap dealer and US broker dealer. He also served as Head of Business Line Anti-Financial Crimes Compliance supporting its investment bank, where he led a global team tasked with mitigating financial crime risk, implementing procedures and controls through effective and efficient operational solutions.
“Kraken’s commitment to security and transparency while building world class products and services makes it the gold standard in an industry that’s shaping the future of finance. It is trusted players like Kraken that will help ensure the crypto ecosystem operates within all regulatory frameworks” says Rinaldi. “I am excited to grow Kraken’s data-driven approach to compliance, ensuring the protection of both the company and its clients.”
Prior to Deutsche Bank, CJ worked at UBS Investment Bank in multiple roles, including as Global Head of Client Infrastructure. He also served as Senior Counsel in the Enforcement Division of the U.S. Securities and Exchange Commission.
For more information, please visit kraken.com or reach out to [email protected].
Kraken is one of the world’s longest-standing digital asset platforms. Globally, Kraken clients trade more than 200 digital assets and 8 different national currencies, including GBP, EUR, USD, CAD, JPY, CHF, AUD and AED.
Kraken was founded in 2011 and was one of the first exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services. In 2022, it launched a custodial NFT marketplace. Kraken is trusted by over 9 million traders and institutions around the world and offers professional, round-the-clock online support. Kraken was the first company to have ever conducted a Proof of Reserves audit and has since committed to undergoing Proof of Reserves on a regular basis.
Kraken is backed by investors including Tribe Capital, SkyBridge, Hummingbird Ventures, Blockchain Capital, Digital Currency Group, among others.
Kraken markets can be monitored and traded through the Kraken iOS and Android apps, and through the Cryptowatch iOS, Android and Desktop apps.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. For more information, please see our Terms of Service.
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