Top Crypto News: 05/10

At the time of publication, Bitcoin is trading at $55,924. Meanwhile, the second-largest cryptocurrency, Ethereum, hit a major milestone after reaching a new all-time high of $4,221 and is now trading close to $3,996.

Let’s find out some interesting crypto news for today.

1 – SpaceX | Geometric Space Corporation Collaboration to Launch ‘DOGE-1 Mission to the Moon’

SpaceX collaborated with Geometric Space Corporation (GSC) to launch the “DOGE-1 Mission to the Moon.” As per the tweet, this collaboration is set to launch a SpaceX Falcon 9 rocket in Q1 2022 that will carry a 40kg cube satellite. This payload has been paid entirely with Dogecoin.

Tom Ochinero, SpaceX vice president of commercial sales, notes that DOGE-1 “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.” At the time of press, Dogecoin is trading close to $0.444955, which is roughly a 22.8% price drop in the last 24 hours.

2 – | Particle B Allocate $100 Million Investment to Support Startups Building on EVM Chain

Blockchain accelerator Particle B announced its support of by allocating funds to the CRO EVM chain. As per the tweet, Particle B has allocated $100 million in investment funds to expand the growth of promising startups that are building on Chain. At least 100 projects can each gain up to $1 million in funds by applying to the CRO EVM Fund. Particle B is a startup accelerator committed to nurturing projects built on blockchains, including Bitcoin, Ethereum, and the Chain. The team stated that Ethereum Virtual Machine (EVM) support will launch to the blockchain on July 14 this year.

3 – Unmarshal | TomoChain Partnership to Provide Reliable & Secure On-Chain Data

TomoChain partnered with Unmarshal to provide advanced blockchain data to applications deployed on top of its platform. Unmarshal is a multi-chain DeFi data network that aims to deliver reliable and real-time data to dApps. It empowers DeFi applications on any chain through its modifying tools. This partnership will allow developers to create and deploy data avenues such as WebSockets, push notifications, APIs, and many more on the TomoChain network. In addition, Unmarshal will integrate some of its important features to secure the data ecosystems. These features include wallet balance API, notification API, transactions tracking, and more.

4 – Oddz Finance Teams up With Polygon to Uplift Its Options Trading Platform

Oddz Finance announced the integration of Polygon (formerly Matic) data feeds to scale its on-chain options trading platform. Moreover, Oddz Finance offers a one-stop-shop to create and execute trustless option contracts securely. With this integration, Oddz users can enjoy the low transaction fees of Polygon. Further, this will help options traders of Oddz Finance to execute contracts in a simple and secured manner. In addition, this will provide utmost security to the Oddz Finance platform, which will help mass adoption of DeFi within the mainstream.

5 – Bluzelle | Shield Finance Partnership to Boost Security & Insurance Coverage for DeFi Ecosystem

In the last bit of crypto news for today, we have Shield Finance partnering with Bluzelle to provide security and insurance coverage to their ecosystem. As per the tweet, this coalition would help users to cover smart contracts from market crashes, hacks, malicious threats, exploits, and more. Shield Finance is a DeFi insurance aggregator that allows insurance to be bought by users against hacks, rug pulls, and more. Further, the contracts who opt for Shield Finance’s Market Crash Protection would utilize Bluzelle’s reliable price data feeds. These data feeds will be used to determine whether a crash occurred or not, as well as the intensity of the crash and the extent of any damage. Additionally, users can access various insurance solutions with a single click on the Shield Finance interface, which will boost the adoption of the DeFi space.

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