At the time of press, Bitcoin is trading close to $56,945 while Ethereum is trading close to $1,745.
Meanwhile, today we have completed one year since the Black Thursday market crash. On March 12, 2020, Bitcoin crashed below $4,000 due to the coronavirus pandemic threat, and its market cap was hovering below $100 billion. However, Bitcoin’s market cap surpassed $1 trillion for the first time this year as there has been over a 1000% price surge in the past one year.
Let’s review some interesting crypto news for today.
Fuse Network announced an integration with OpenZeppelin flagship product Defender to boost the Fuse platform. Moreover, OpenZeppelin follows set industry standards to create developer tools and for building secure distributed systems. It is also one of the pioneers in the realm of smart contract developer tools and security. Recently, Fuse has also launched its FuseSwap DEX and is enhancing Fuse Studio through token payment services. Therefore, to boost smart contract development on this platform, Fuse integrated with OpenZeppelin. Further, developers will also get access to Defender, which has the capability to automate important smart contract operations. Additionally, Defender Advisor empowers developers by providing access to a repository of articles on smart contract security with implementation examples. This coalition promotes Fuse to become the third blockchain platform (besides Ethereum and xDAI) to be supported by Defender.
XanPool partnered with DAO Maker to support multiple fiat payment options. Moreover, Xanpool is one of the largest fiat gateway software solutions. It supports fiat onramp services for several Asia-Pacific countries and is integrated with 15 payment methods and supports over 8 fiat currencies. Further, it allows over 75,000 users to securely transfer digital currencies or fiat money in their desired currency. Hence, this collaboration allows DAO Maker to integrate various fiat deposits as a payment option on the multi-investment platform. This will also extend the DAO Maker’s fiat onramp to support more markets through national currencies.
Cryptocurrency exchange Binance announced its hiring of former U.S. senator and ambassador to China Maxwell Baucus. As per the tweet, Baucus has joined as a government relations adviser. Moreover, he will provide direction and guidance to the firm and work with U.S. regulators. Binance is one of the largest exchanges that enable wider adoption of crypto assets and taking it to the next level. Hence, Baucus will strengthen Binance’s policy and compliance team as well as improving their government relations.
Additionally, Binance Pay integrated new features for merchants to facilitate businesses to choose their preferred payment options. Besides this, users can immediately move funds between their Binance Pay and personal Spot wallet or withdraw funds to their choice of bank. In addition, Binance Pay can be used for making bookings on Travala as the crypto-friendly travel service is the first merchant to integrate Binance Pay.
Bondly Finance partnered with Atari to link non-fungible tokens (NFTs) into a gaming platform. NFT space is exploding nowadays, and Bondly has already launched exclusive brands with Logan Paul, Tory Lanez, and PelleK. Besides this, Bondly has achieved a milestone when their native NFTs generated over $4 million in the first three months. Hence, this collaboration will take this innovative space to the next level by combining legacy gaming features with modern entertainment creators in music and gaming. Since the entire Atari Metaverse revolves around these Digital Collectibles and NFTs, this coalition facilitates the purchase of NFTs using Atari ($ATRI), Bondly ($BONDLY), and other major cryptocurrencies.
In the last piece of crypto news for today, we have Alpaca City partnering with Polygon (Matic Network) to enhance the NFT user experience. As per the tweet, Polygon will provide its Layer 2 solutions to the Alpaca City users since Ethereum gas fees is currently a pain area for users to enjoy NFTs and DeFi space. Therefore, this integration will improve the user experience by providing a lower gas fee, which allows the breeding of new cute alpacas. Further, this would also encourage the burning of ALPA tokens, which helps strengthen the inflation of the token. Alpaca City is a combination of Alpaca NFTs and DeFi farming, which empowers players to farm and collect NFTs. Additionally, this will also allow ALPA token holders to participate in the governance of Alpaca City.
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