After making an all-time high of $64,804.72, Bitcoin underwent a sharp correction towards the $50,000 region during the weekend. However, Bitcoin quickly recovered, which indicates the significant buying pressure from this support. This has also caused a lot of liquidations in the futures market.
At the time of publication, Bitcoin is trading at $56,165. As per stochastic, it’s looking to crossover in a negative direction, which is not a good sign for BTC. Further, to reverse this trend in a positive direction, BTC has to remain above $57,000. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,199.
Image source: TradingView
Let’s review some interesting crypto news for today.
TIME partnered with Crypto.com to offer cryptocurrency payment options for digital subscriptions. Crypto.com is one of the world’s fastest-growing crypto apps with over 10 million customers worldwide, as well as offering its own Visa Card. TIME is one of the world’s most recognizable media brands with a global audience of over 100 million people. With this partnership, users can elect cryptocurrency as a mode of payment to pay their digital subscriptions. Further, these users can enjoy subscriber-only events and offerings as well as other unlimited access to Time.com for 18 months with just a one-time purchase. Initially, this crypto digital service is only available in the U.S. and Canada with a plan to launch in other countries in the near future. Additionally, subscribers can earn 10% Pay Rewards if paying with CRO tokens.
Firo announced the launch of a liquidity mining farm on Binance Smart Chain (BSC) with ValueDefi. As per the tweet, this liquidity farm is launched for the FIRO/BNB pair on ValueDefi. Moreover, this would help to incentivize usage and liquidity of BEP20 Firo on Binance Smart Chain. With this coalition, users can gain BEP20 FIRO by contributing to ValueDefi’s vFarm pool liquidity on the FIRO/BNB pair. Notably, this vFarm is Firo’s first incentivized liquidity pool on BSC, which will offer liquidity incentives from block height of 6703000 to 8303000. Additionally, this would also help to evaluate user interest and entice new users in the DeFi space.
StormX announced the pre-registration of its Debit Card. As per the tweet, users can earn lucrative crypto cashback while utilizing this StormX debit card. Initially, the team has launched its virtual cards in the United States, which will be available on Google Pay, Apple Pay, and Samsung Pay. Further, the team has plans to expand these cards to 31 European countries. Besides this, users can top up this card online and physically in stores such as Walgreens, Walmart, and many more.
In the last bit of crypto news for today, we have Oddz Finance partnering with UniLend Finance to enhance its staking pool rewards. UniLend is a permissionless, decentralized protocol that utilizes smart contracts to connect spot trading services with lending and borrowing services. With this partnership, users can earn lavish rewards by providing liquidity in Oddz staking pools. Besides this, UniLend Finance will empower the ODDZ token through its flash loans and staking. This would help initial stakers to earn extra rewards in the form of airdrops, reward-generating community activities, and more. In addition, UniLend Finance has plans to integrate its DEX into Oddz Finance trading options. This would help UFT holders to utilize “call” and “put” options on Oddz Finance’s multi-chain platform with zero-gas cost.
Join us on Telegram to receive free trading signals.
For more crypto news, check out the Altcoin Buzz YouTube channel.