Top 5 Crypto News: 02/08

After jumping to a new all-time high, Bitcoin is now trading at $46,924. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,738.

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

Forbes Releases the List of the Top 5 Altcoins – Ranked Link on Top With Enjin Second

Chainlink secured first place and Enjin coin ranked second in the Forbes list of its top five altcoins that may fly in the near future. Additionally, in this list, third place was grasped by Polkadot. Besides this, Forbes also included Uniswap in fourth place, following with Vechain grabbing the fifth position. In addition, they also covered the ongoing Dogecoin price surge.

Tesla Invested $1.50 Billion in Bitcoin and Plans To Accept BTC as a Payment Option for Its Products

Tesla announced in an SEC filing that it bought $1.5 billion in Bitcoin. Furthermore, the company said that they bought Bitcoin to further diversify their investment portfolio and acquire more digital assets in the future. In addition, the company also said it would start accepting Bitcoin as a payment method for its products. A few weeks ago, CEO Elon Musk also added Bitcoin to his Twitter bio, which exploded its price close to 20% in few hours.

PAID Network Joins Polkadot DeFi Alliance To Bridge Industry Leaders and Projects

PAID Network announced its plan to join the Polkadot DeFi Alliance to elevate DeFi technologies. Additionally, the Polkadot DeFi Alliance supports the development of new financial primitives and the integration of existing ones. Collaboratively, they will explore DeFi technologies and support the building of new financial systems with industry leaders.

Mask Network | Loopring Partnership To Build Ethereum Layer 2 Ecosystem

Mask Network has partnered with Ethereum Layer 2 protocol Loopring. According to the tweet, together they will focus on solving high transaction fees on decentralized exchanges. Additionally, the team is working on helping users enjoy a faster network speed with much lower transaction costs, which will serve as a gateway to help the billions of social media users to enter the decentralized web.

Bridge Mutual | Ferrum Network Partnership To Provide Smart Contract Coverage To Users

Bridge Mutual partnered with Ferrum Network to provide smart contract coverage to Ferrum Network. As per the announcement, Ferrum Network will provide staking pools for Bridge Mutual users while Bridge Mutual will provide smart contract coverage to projects and users that use Ferrum Network’s contracts to stake tokens.

Staking will be available on February 10th. 

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