Bitcoin today seems to be heading towards the $50,000 price mark. The ‘King Crypto’ is currently up by 1.3% and trading at $49,214. Meanwhile, Ethereum is also showing a positive price increase, trading at $4,031 which is a 1.0% price increase. Now we will take a look at other Top Crypto News for the day.
The entire cryptocurrency space is generally in the green zone. Polkadot is up by 10.69% and currently trading at $27.49 and the popular Memecoin Shiba Inu is trading at $0.00003729 (+13.15%). In fact, we expect to see more bullish trends in the coming weeks.
Let’s find out some interesting crypto news for today.
1. Ethereum Kintsugi Merge Testnet Launch
Ethereum has launched its Proof-of-Stake (PoS) public testnet dubbed Kintsugi. The launch signifies the transition of the Ethereum Chain from the Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) model. And the launch includes the merging of the Ethereum mainnet with the Beacon chain. This, in turn, is a major move to facilitate Ethereum’s much anticipated ETH 2.0 mainnet upgrade. ETH 2.0 is the upgrade expected to put an end to all of Ethereum’s mainnet scalability issues.
Ethereum is currently inviting developers to try out the Kintsugi testnet and to bring to light any underlying issues that might have gone unnoticed.
Ethereum PoS-based Public Merge Testnet Is Now Live https://t.co/AwKFJtZtOi via @Yahoo
— Peter B (@PeterB11277334) December 21, 2021
2. Loopring Counterfactual Wallet And L-2 FIAT On-Ramp Launch
ETH-based Layer 2 protocol Loopring has announced the launch of its L2 FIAT on-ramps. This makes it possible for interested persons to easily onboard directly onto the ETH secured Layer 2. Interestingly, Loopring also launched the iOS version of its Counterfactual Wallet. Plans are also in place to release the Android version soon.
To celebrate the launch as well as test the newly debuted on-ramp and Counterfactual Wallet, Loopring has announced a Holiday trading Giveaway. The Holiday trading giveaway will commence on December 23 and end on December 30, 2021. And it will include the launch of Loopring’s biggest liquidity mining campaign yet.
A major step forward today on our mission to onboard the masses directly onto Ethereum secured Layer 2🔥
Our brand new (L2-only) Counterfactual Wallet + direct to Loopring L2 fiat on-ramps are finally here💙
Read more👇https://t.co/6Ur7tYtEe5
— Loopring (@loopringorg) December 21, 2021
3. VarenX Integrates RenVM
Cross-chain decentralized exchange (DEX) VarenX has announced a strategic integration with RenVM. Notably, this is the first-ever multi-chain swap decentralized app (Dapp) supported by RenVM. The integration will further help to facilitate the high-velocity transfer of assets alongside a smooth cross-chain user experience.
The cross-chain DEX platform currently supports all of RenVM assets. This means that users can easily trade all ERC-20 tokens including wrapped versions of BTC, BCH, DOGE, FIL, LUNA, ZEC, etc.
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