After surging more than 100% in the first quarter of 2021, Bitcoin is trying to flip the $60,000 resistance zone into support and is now trading at $58,388. Meanwhile, the cryptocurrency market cap surpassed $2 trillion for the first time.
Let’s review some interesting crypto news for today.
Crypto.com Pay and Shopping.io are offering a limited-time promotion to celebrate their integration, which offers diversified payment options on e-commerce websites. Shopping.io combines major e-commerce hubs under its blockchain-based shopping platform to offer crypto assets as a method of payment. With this promotion, users can earn up to 10% rewards while using CRO for purchases, and all Shopping.io membership tiers will enjoy a 5% discount. Additionally, users can directly shop on e-commerce giants such as Amazon, Walmart, and eBay while using Crypto.com Pay checkout at Shopping.io. The promotion lasts through May 6, 2021.
Terra Virtua partnered with Polkalokr in which Terra Virtua will provide the NFTs for the Polkalokr staking rewards. Polkalokr creates a multi-chain token escrow platform to provide trust and simplicity for complex token ecosystems. Collaboratively, the team would work for the collateralization of NFTs while addressing the trust issues. Further, this would help creators to lend their NFTs and earn premium and interest. In addition, Polkalokr’s escrow products will allow Terra Virtua users to monetize their unique NFTs in new and innovative ways. Additionally, this will help Polkalokr to extend the NFT space and entice mainstream adoption.
NFT and e-commerce leader Bondly Finance announced the securing of an investment from Binance. As per the tweet, Binance has a $100 million fund designed to make investments to foster the DeFi ecosystem on Binance Smart Chain (BSC). Bondly Finance strives to be a leader of the NFT space by offering NFTs of leading brands, artists, and influencers. With this coalition, Bondly Finance users will enjoy the fast and secure features of the Binance Smart Chain. Further, users can also utilize Bondly Finance’s core product, BondSwap, to interact and buy new NFTs. Hence, by joining the top-notch ecosystem and its direction, Bondly will transform the NFT ecosystem as well as expand its user base.
Avalanche announced the integration of The Graph to utilize its querying and indexing to Avalanche. This integration helps developers to utilize subgraphs on Avalanche, which will ease the process of custom on-chain data requests. Further, developers can utilize The Graph’s power, speed, and ease of use to build highly effective dApps. The Graph provides a complete decentralized solution to the API and query layers of Web3. This will allow users to create and deploy a subgraph smoothly and earn $GRT tokens as a reward for running a Graph Node. Additionally, this will provide near-instant transaction finality to the applications deployed on Avalanche with utmost security.
In the last bit of crypto news for today, we have ORAO partnering with Elrond to provide cost-effective data products. Moreover, ORAO is blockchain agnostic and offers Predefined Data Protocols with flexibility. With this integration, ORAO users can enjoy Elrond’s high transaction speed with low-cost fees. Further, Elrond would support Meta Transactions, which will allow users to secure data from third-party oracles without incurring any charge to the users. Additionally, ORAO oracles will provide data to Elrond users from other chains.
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