Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility. Squid crypto where to buy WARNING: The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.
But the single largest red flag is the fact that people can put money in, but can’t take it out. You can’t buy Squid Game on mainstream crypto platforms like Coinbase and Binance. Instead, you need to buy the crypto through a service called Pancake Swap, which doesn’t guarantee any of the transactions that occur on the platform. Coin Market Cap has issued a warning that people who have purchased the coin, known as SQUID, are unable to cash out. 'I feel like I'm failing everyone': 24 hours as a teacher in a British school Netflix's Korean-language show Squid Game is so popular that, for a brief period, it inspired a cryptocurrency called "Squid." After launching on October 20, 2021, the Squid cryptocurrency blasted to the top of the crypto ranks. Everyone was suddenly talking about it as the hot new kid on the blockchain.
Just a few hours later, on the afternoon of November 1, a digital wallet dumped an enormous amount of Squid tokens and cashed out millions of dollars. Suddenly, the value of the Squid came crashing down from a high of over $2,680 per token to $0. Just like that, Squid was worthless, and over 40,000 Squid investors had lost their money. What Happened—Heard of a Rug Pull? Well, the answer to this is twofold. First things first, Squid Game is a new show that aired on Netflix and burst in popularity throughout the entire world. In a matter of weeks, the show became a hot topic of discussion amongst film aficionados, mainly thanks to its plot.
The parabolic rise of the SQUID token’s price is partially due to the project’s self-styled “anti-dump mechanism.” Holders are only able to sell SQUID equal to half the buying power of the trading pool. The project also states that holders are able to sell SQUID tokens freely by holding and burning an additional token called Marbles. Dubai releases crypto regulations for virtual asset services providers The price of SQUID is currently sitting at $4.46, according to Coin Market Cap, higher than other meme-coins like dogecoin which is trading at $0.29. But that doesn’t mean SQUID is actually worth anything. It simply means that a lot of people are about to lose a lot of money when the creators finally make off with all the cash.