SPELL up as Binance Loans adds token to collateral assets

Spell (SPELL/USD) is up more than 12% in the past 24 hours to currently trade at $0.0016. The gains have pushed the SPELL token up by 54% this past two weeks, and +46% in the past 30 days.

SPELL, which hit an all-time high of $0.035 in November 2021, has seen its intraday trading volume jump to $145,347,171 for a 24-hour increase of 375%.

While the Spell token jumped to a new weekly high, the crypto market has shed over 7% of its total market cap and Bitcoin (BTC/USD) has dropped 6.7% to prices near $21,600. Top altcoins are also trading lower amid a dip in market sentiment.

On Friday, Binance Loans announced it had added the SPELL token to its list of available collateral assets, adding it to other crypto loan collateral assets such as Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Dogecoin (DOGE) and Binance Coin (BNB) among others.

The addition means that customers of Binance Crypto Loans can now use SPELL as collateral to borrow any of the loanable assets on the platform.

According to Binance, customers can access loan terms starting at 7 days, with more available for repayment after 14, 30, 90 and 180 days. Maximum loanable limits depend on prevailing market conditions and on risk management principles.

Users can withdraw loans borrowed against their crypto assets, but they can also use the acquired assets on spot, margin, or futures trading. Another way to tap into the borrowed asset’s value is through staking.

SPELL, which is a reward and governance token in the lending ecosytem Abracadabra.money, is tradable on other major exchanges such as OKX, ByBit and MEXC.

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Wirex adds SEPA and Faster Payments for UK customers

Wirex, a UK-based crypto platform has introduced support for SEPA Instant and Faster Payments, allowing its UK and EEA (European Economic Area) customers access to two new methods to easily deposit to or withdraw from their accounts using GBP and EUR.

According to the platform, the additional top up methods complements the existing credit/debit card use. However, with the SEPA (Single Euro Payments Area) Instant and Faster Payments features, customers have more flexibility and will benefit from instant and no-cost transfers to the Wirex accounts or bank.

Wirex plans to add support for Plaid, another popular deposit and withdrawal method used across the EEA, UK, and US.

With the Wirex app supporting SEPA Instant and Faster Payments, customers have another avenue to make instant transfers, topping up their accounts and wallets to buy crypto.

Users can hold the crypto assets or use the intuitive app to exchange/sell. The app also allows customers to spend directly at more than 80 million locations where the Wirex Mastercard is accepted.

Pavel Matveev and Dmitry Lazarichev co-founded Wirex in 2014, the core objective being to make access to crypto and its use in daily life easy.

The platform, which currently offers its services across 130 countries, serves more than 5 million users. It provides access to over 150 crypto and traditional currencies and has a Wirex card, wallet, and utility token WXT.Earlier this year, Wirex announced integration with Avalanche (AVAX/USD), allowing millions of its customers to access the blockchain ecosystem via the Wirex Wallet and app.

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Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin News

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KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury – Featured Bitcoin News

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SiennaSwap adds Bitcoin, Monero trading pairs in push for privacy-focused DeFi

Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies.  Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna […]

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Crypto Flipsider News – Grayscale Adds SOL and UNI, Bitcoin Hashrate Rises, BTC Bulls Ignore China Ban, Cardano Traders’ Issues in Japan, Mysterious Whale Buys 276B SHIB

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Continue reading Crypto Flipsider News – Grayscale Adds SOL and UNI, Bitcoin Hashrate Rises, BTC Bulls Ignore China Ban, Cardano Traders’ Issues in Japan, Mysterious Whale Buys 276B SHIB at DailyCoin.com.

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New Listing Alert: MEMX Exchange Adds 21Shares XRP ETF to Its Platform

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