At the time of press, Bitcoin is trading at $56,540. JPMorgan unveils a crypto exposure basket starring MicroStrategy and Square, which is being touted as one reason for the recent price uptick. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,809.
As Chiliz is already in news nowadays, CHZ will achieve another milestone by the launch of NFTs on the Socios.com app. Besides this, the Fuse Network also tweeted about their upcoming next-generation wallet.
Let’s discuss some interesting crypto news in detail.
Everstake announced the testing of the Harp bridge testnet to connect Harmony Protocol with the Polkadot ecosystem. As per the tweet, this bridge will provide interoperability between both blockchains. Moreover, the team has expectations to launch the mainnet in the next few months. In the coming future, this infrastructure will play an essential role in the whole blockchain space. This will enhance the growth of different projects such as DEXs, liquidity pools, cross-chain lending, and other DeFi instruments. Additionally, users can earn lucrative rewards in ONE token by participating in this testnet.
PAID Network announced the launch of the PAID v2 token to empower its community. After a recent attack, the network’s private key got compromised and the attacker upgraded the smart contract to burn and re-mint tokens. However, the Paid Network team designated some industry experts to safeguard the users’ funds and minimized the damage. Hence, to thank and appraise the support of PAID users, the team has launched the PAID v2 token. Affected users will receive this v2 token through an airdrop in various phases.
At the time of publication, PAID was trading close to $2.06. Before that, it dropped from $2.98 to a low of $0.055 within a few days.
Polkamarkets partnered with Polygon (formerly the Matic Network) to implement scaling solutions with low fees. Moreover, Polkamarkets is a DeFi interoperable platform based on Polkadot, which empowers the prediction market to collate cross-chain information and trading. The DeFi market is exploding and also facing high fees and low throughput issues. Hence, this partnership will control these issues for the prediction market. In addition, Polkamarkets will utilize Polygon’s one-click blockchain integrations to expand its interoperability with other chains.
Litentry collaborated with Cere Network to optimize Cere’s enterprise customer identity service. With this partnership, Cere will integrate Litentry’s identity data scheme into its Decentralized Data Cloud (DDC) Platform. Cere Network is a Decentralized Data and Finance Cloud platform in the Polkadot ecosystem. Hence this will enhance their on-chain identity service and allow users to verify their customers’ on-chain identity through Litentry. Additionally, Litentry’s data libraries would combine with Cere’s enterprise customer identity model to provide Cere’s data to external dApps for user authorization.
In the last piece of crypto news for March 10, 2021, we have Utrust integrating with Payrexx to expand crypto payment options. Moreover, Payrexx is a Swiss-based all-in-one payment service provider. Payrexx operates with a lot of big payment providers, such as MasterCard and Visa, and wallets, such as Apple Pay, Amazon Pay, and more. Hence, this partnership will allow Payrexx customers (over 30,000 merchants worldwide) to receive payments in digital currencies such as Bitcoin, Ethereum, DASH, Tether, or Utrust’s own token, UTK. Impressively, Utrust provides an 80% reduction in transaction fees to its users and benefits merchants by getting paid in their preferred fiat currency to their bank account.
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