At the time of publication, Bitcoin is trading at $54,956. Meanwhile, the second-largest cryptocurrency, Ethereum, has created a new all-time high of $2,757.36 and is trading close to $2,745. As per the technicals, ETH is holding the support of 20-EMA. Further, if it will hold the $2,548 region, then the next target we can see at $2,800 and $3,000 levels.
Image source: TradingView
Let’s find out some interesting crypto news in detail.
1- Cardano | Ethiopian Ministry of Education Partnership to Create Blockchain-Based National ID System
Cardano partnered with Ethiopia’s Ministry of Education to develop a blockchain-based national ID system. As per the tweet, the Cardano team is creating a blockchain-based national ID and attainment recording system. Moreover, this would roll out to 5 million students in Africa, which is the world’s largest blockchain deployment. Further, the tweet reveals that this system is based on Atala PRISM. This ID will secure educational performance records for 3,500 schools, 5 million students, and 750,000 teachers. In addition, this will provide verifiable digital qualifications to all pupils, increase social mobility, allow lesson planning, and attainment monitoring.
Binance announced the launch of a non-fungible token (NFT) marketplace in June 2021. As per the official announcement, this new marketplace aims to attract traders of diversified collectibles. These traders include artists, creators, and crypto enthusiasts. The marketplace will cover NFTs from multiple mediums, such as visual arts, games, sports, music, and more. Further, this marketplace will operate on the Binance Smart Chain (BSC) as well as supporting the Ethereum network. Notably, users can view these NFTs on their registered account along with other features. The platform will offer mainly two types of services named the “Premium Event” for high-end collectibles and the “Trading Market” for everyday, lower cost NFTs. Additionally, with these services, users can create and deposit their own NFTs to earn royalties from all subsequent trades.
DBS and JPMorgan stated their intention to launch a blockchain-based cross-border payment platform. JPMorgan is a leader in investment banking and different financial services, while DBS is a leading financial services group in Asia and one of the largest banks in Singapore. As per the announcement, both leading banks, in collaboration with Temasek, are set to launch a new blockchain company, which will focus on global payments and interbank transactions. Temasek is a financial company that provides solutions to address present and future investment challenges. With this coalition, the new platform, Partior, will boost the ongoing Central Bank Digital Currencies (CBDCs) initiatives and use cases.
Travala.com partnered with Cartesi to utilize CTSI tokens via Binance Pay as a payment option. Moreover, Travala.com has ties with over 600 airlines and over 3 million hotel accommodations worldwide. According to the tweet, this partnership facilitates users to pay for flights and accommodations using CTSI on Travala.com. Additionally, CTSI holders will receive 5% back in credits and get numerous options to book flights and hotels worldwide utilizing this service.
In the last bit of crypto news for today, we have the Gemini credit card announcing their launch with Mastercard as a network partner. As per the tweet, this Gemini credit card will be issued by WebBank. Gemini is one of the most advanced digital currency exchanges in the world. The Gemini credit card offers lucrative rewards and services. These services include rewards up to 3% back in Bitcoin or other cryptocurrencies, no annual fee, near-instant access, and more. Notably, this Gemini credit card is available in 50 U.S. states and will be used wherever Mastercard is accepted. Users can access this card in the coming summer season, with extra earnings such as 3% back on dining, 2% back on groceries, and 1% back on other purchases.
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