At the time of press, Bitcoin is trading at $56,824 after hitting a 24-hour high of $60,186. Morgan Stanley’s announcement to offer Bitcoin funds to its clients is being touted as one reason for the recent price uptick. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,745.
Let’s review some interesting crypto news in detail.
PAID Network partnered with PARSIQ to monitor and secure DeFi applications. PARSIQ is a software platform that joins real-time blockchain transactions with various apps, communication channels, and web services. Further, it automates and aggregates data from different sources to deliver on off-chain applications. This partnership helps to streamline the backend operations of the PAID ecosystem while utilizing PARSIQ’s data mining and aggregation expertise. Besides this, PARSIQ aims to foster the mass adoption of blockchain technology, and its team is closely working with PAID Network to plan and execute the PAID V2 launch.
Crypto.com announced a global partnership and principal membership with Visa to foster mainstream cryptocurrency adoption. Moreover, this coalition also includes a principal membership in Visa’s network in Australia. With Visa principal membership, Crypto.com will start direct issuance of the Crypto.com Visa Card in Australia and further expand to new markets.
Further, this crypto platform also intends to roll out fiat lending as collateral against other cryptocurrencies via the Crypto.com Visa Card. This helps cardholders to access crypto in their Crypto.com wallet as collateral for a loan and to spend instantly anywhere Visa is accepted. In addition, this offers low-interest rates and flexible repayment options for users. Additionally, the team has plans to offer virtual cards in Europe to reduce the waiting time for the physical card and for instant spending. The Crypto.com Visa Card is already one of the largest Crypto Visa cards; hence, this will further attract new users to expand the reach of the card.
Fuse Network partnered with Boson Protocol to provide a peer-to-peer dCommerce solution. The Boson Protocol facilitates trustless digital-to-physical redemption by utilizing NFTs. It aims for a decentralized commerce ecosystem by empowering a stack of specialist applications to disrupt, demonopolize, and democratize commerce. This partnership will provide an entirely open, trustless peer-to-peer dCommerce solution. Further, to launch financial products for non-crypto-native users and empowering anyone to have a hand in creating future economic systems. Collaboratively, both ecosystems help developers to explore and create new applications. Additionally, to empower users, the team will integrate Boson Protocol’s “Thing Token” on the FuseSwap DEX.
Kardia Chain partnered with LABS Group to expand the real estate NFT marketplace. Moreover, LABS Group aims to be the world’s first real estate tokenization business. It provides an end-to-end blockchain-based real estate investment ecosystem. With this collaboration, LABS will employ KardiaChain Dual Node as cross-chain technology and expand the real estate NFT marketplace while integrating KAIStarter as a platform. In addition, the team notes tokenizing property will unlock fresh funds from retails. Furthermore, LABS uplifts the global real estate market by streamlining traditional properties via digitization asset, crowdfunding, and more.
In the last bit of crypto news for today, we have Paralink collaborating with Litentry to strengthen the latter’s network integration to Paralink Nodes. Litentry is a Decentralized Identity Aggregation protocol that resolves agnostic DID mechanisms. It also provides a secure channel to obtain the real-time credit/reputation of users across different blockchains. Paralink is a parachain with oracle quorums for Polkadot that provides reliable data references to other parachains. This integration helps Litentry to utilize the multichain oracles, and Paralink will use Litentry’s reputation computation services to streamline the curation process.
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