Top 5 Crypto News: 01/20

Bitcoin price underwent a sharp correction today. At the time of press, Bitcoin is trading close to $34,700, and Ethereum is trading close to $1,300.

Let’s find out some exciting crypto news for today.

Coinbase Acquired Bison Trails To Provide Easy-to-Use Blockchain Infrastructure

Coinbase plans to provide easy-to-use blockchain infrastructure by acquiring the leading blockchain infrastructure platform, Bison Trails. According to the official blog, Coinbase will build a reliable, secure, and scalable blockchain foundation for its users.

Avalanche and e-Money Partner To Launch European Stablecoins on Avalanche’s Contract Chain

e-Money, a currency-backed stablecoin, will launch its European stablecoins on Avalanche’s Contract Chain. Additionally, users can buy and sell these coins through the e-Money Wallet via credit card or bank transfer. The European stablecoins include digital Euros (EUR), Swedish Krona (SEK), Danish Krone (DKK), Norwegian Krone (NOK), and Swiss Francs (CHF).

Chiliz Planning To Launch a New Socios Locker Room for Formula 1 Fans

Alexandre Dreyfus tweeted that they are planning to launch a new Socios Locker Room for Chiliz token holders. Furthermore, he said that the youth is attracted to Formula 1, and the size of its fanbase is also increasing. Hence, this time they will bring Formula 1 team fan tokens.

French Central Bank Experimenting With Central Bank Digital Currency With Interbank Transaction

The Bank of France conducted an experiment to settle around 2 million euros in an interbank transaction. According to the blog, this private blockchain initiative is provided by SETL for strengthening the efficiency of central bank digital currency. The initiative was started back in March 2020.

Brave Browser Integrated IPFS Support To Provide Distributed Web To the User

The Brave browser implemented the InterPlanetary File System (IPFS) to make the distributed web available to the users. According to an announcement, IPFS is easy to install and will enable direct communication and sharing between users over a public network. The IPFS has been integrated into the Brave browsers for Windows, macOS, and Linux.

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