After undergoing a sharp correction, Bitcoin is trading at $49,191. MicroStrategy, led by Michael Saylor, accumulated another $15 million worth of Bitcoin to its portfolio, which is being touted as one reason for the recent price uptick. Meanwhile, NFT powerhouse Enjin made a new all time-high and is trading just over $0.87.
Let’s find out some interesting crypto news for today.
Crypto.com | Aston Martin F1 Partnership To Sponsor Aston Martin Cognizant Team
Crypto.com partnered with Aston Martin Cognizant Formula One Team. Moreover, Aston Martin is returning to Grand Prix racing in 2021 with a passionate team. As per the tweet, this is a multi-year partnership where Crypto.com will sponsor this Formula 1 team. Meanwhile, this partnership joins blockchain technology with F1 speed, which will bring exclusive experiences and opportunities to traders and fans of the sport. Additionally, this will help Crypto.com to attract a larger user base and at the same time, allows Aston Martin Cognizant Formula One Team to engage a new wave of fans.
Fuse Network | Chainlink Proof Integration To Mint and Verify Collateralized Stablecoin FuseDollar (fUSD)
Fuse Network announced an integration with Chainlink Proof to mint and verify collateralized stablecoin FuseDollar (fUSD). Moreover, Chainlink connects any blockchain with high-quality data sources from other blockchains as well as real-world data. As per the tweet, Chainlink will provide its oracle services to the developers building on the Fuse Network to empower the FuseDollar. Besides this, it will also serve as an oracle solution for other FuseX assets launched in the future. Additionally, this integration will bring secure, reliable, and efficient minting of collateralized stablecoin FuseDollar (fUSD) with 100% USD Coin (USDC) backing.
Elrond Taps Nord Finance for Expanding Automated Cross-Chain DeFi Opportunities
Elrond partnered with Nord Finance to expand automated cross-chain DeFi opportunities. Moreover, Nord Finance is an advanced decentralized financial ecosystem deployed on the Ethereum Network. It integrates multi-chain interoperability and boosts different financial services such as savings, advisory, loans against assets, and many more. With this partnership, eGold holders will get an opportunity to participate in DeFi opportunities on other platforms. In addition, users from different blockchains will also interact with the eGold ecosystem, which will help them to grow jointly.
LABS Group Teams up With MANTRA DAO Launchpad, Boosting Initial DEX Offering (IDO)
LABS Group announced its partnership with MANTRA DAO Launchpad to expand the community and token launch options. Moreover, LABS is the native cryptocurrency of the LABS real estate investment platform. It allows users to tokenize their real estate with LABS non-fungible tokens. As per the tweet, MANTRA DAO will release the $LABS token on its brand new ZENDIT launchpad, which encourages users to participate in the $LABS staking pool.
CBOE Files To List VanEck’s Bitcoin ETF With the Securities And Exchange Commission
CBOE Global Markets filed a request with the U.S. Securities and Exchange Commission to list and trade shares of VanEck’s Bitcoin ETF. Moreover, Chicago Board Options Exchange, or CBOE, has filed a Form 19b-4 to seek permission for a listing of a Bitcoin ETF. In addition, CBOE highlighted the benefits which retail investors will get through this ETF. CBOE is the regulated financial institution that offers Bitcoin futures contracts in the United States. Meanwhile, this application is still under review. However, If this ETF gets approved, then it would be very bullish for Bitcoin as Coinbase already filed for public listing with the SEC last month.
Today we have a lot of altcoins updates. Therefore, we want to share some highlights of that crypto news in our bonus section.
Chiliz, the blockchain sports venture, announced its intention to invest $50 million in an expansion to the United States. Last week, Chiliz launched its AC Milan token on Binance, which generated over $6 million on the first day.
Cardano achieved a major milestone when the team successfully launched the “Mary” protocol update. This update imports core Goguen features such as native token functionality and multi-asset support.
Ankr is expanding its staking pool as Binance Smart Chain-pegged (BEP-20) ETH tokens are available for Ankr’s liquid staking services.
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