Top Crypto News: 05/22

After making a daily low of $34,386, Bitcoin is now trading at $37,477. Today (May 22) is the 11th anniversary of Bitcoin Pizza Day. In 2010, Laszlo Hanyecz agreed to pay 10,000 bitcoins for two pizzas. Needless to say, those bitcoins would be worth $380 million now. He also became the first person to use the crypto asset for a financial transaction. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,296.

Let’s find out some interesting crypto news for Bitcoin Pizza Day.

1- Orion Protocol | Binance Smart Chain Integration to Enhance Cross-Chain Interoperability

Orion Protocol collaborated with Binance Smart Chain (BSC) to integrate Binance Bridge into its trading terminal. This integration between the Binance Bridge and Orion Bridge will enhance interoperability between the BSC ecosystem and Ethereum. Orion is a DeFi platform that aggregates the liquidity of diverse crypto markets into one place to solve the major issues of the DeFi space. Users can utilize this platform to trade ERC-20 tokens listed on the Orion terminal directly from their ETH wallet on Binance Smart Chain. In addition, users can deposit into the smart contract on the Orion terminal to enjoy BSC minimal network fees on all trading and withdrawals.

2 – Bondly | BakerySwap Partnership to Empower Users WIth Staking & Farming Pools

Bondly Finance partnered with Bakeryswap to launch staking and farming while adding liquidity to the BNB/BONDLY pair. BakerySwap offers a DeFi platform that connects an AMM (Automatic Market Maker) with NFTs on Binance Smart Chain. Bondly Finance aims to be a leader of the NFT space by offering NFTs of leading brands, artists, and influencers. With this coalition, Bondly will be listed on BakerySwap as a liquidity provider. This will help users to earn a high APY percentage on their assets through $BONDLY staking. Besides this, users can also stake their $BAKE to earn more $BONDLY. Additionally, the team has plans to launch exclusive NFTs, which users can get by staking $BONDLY.

3 – ZeroSwap | DFYN Collaboration to Expand Its Multi-Chain Decentralized Ecosystem on Layer 2 Protocol

ZeroSwap partnered with DFYN to enhance its multi-chain decentralized ecosystem. As per the tweet, this integration helps ZeroSwap to expand into the Polygon (formerly Matic) Chain. ZeroSwap is a multi-chain decentralized exchange that aims for seamless transactions with near-zero fees. Recently, ZeroSwap designed its DEX token offering Platform, named ZeeDO, which will allow companies to launch tokens on multi-chains. Dfyn is a multi-chain AMM DEX functional on the Polygon network. With this collaboration, ZeroSwap Exchange will integrate Dfyn Exchange, which will empower users with lucrative benefits. These features include a bi-directional bridge, ZEE Trading on Dfyn and other DEXes, enable farms on Dfyn, and more.

4 – PAID Network | DefiCliq Partnership to Integrate Lending & Insurance Within PAID dApp

PAID Network partnered with DefiCliq to integrate its lending and insurance products within the PAID dApp. DefiCliq is a Polkadot ecosystem project that offers undercollateralized loans. With this coalition, PAID users will utilize insured lending markets and undercollateralized loan options. PAID Network aims to simplify the business contract, litigation, and settlement processes through its DeFi-powered SMART Agreements. PAID believes this partnership will help them make business more efficient by “maximizing the capital efficiency of both lenders and borrowers thanks to its [DefiCliq] DAO-based governance structure and undercollateralized borrowing features.”

5 – e-Money Teams up With Custodiex to Explore Real-Time Cold Storage Solutions for Institutional Clients

In the last bit of crypto news for today, we have e-Money partnering with Custodiex to boost real-time cold storage solutions for institutional clients. Custodiex facilitates secure, insurance-protected, cold storage for digital assets in real-time. The e-Money protocol offers a diversified range of interest-bearing currency-backed stablecoins, where each token is backed by a reserve of assets denominated in its underlying currency. Hence, this integration allows e-Money to explore the real-time cold storage solution from Custodiex for their clients in the banking and FX sector. Impressively, Custodiex aims to migrate financial products employing digital coins and tokens to distributed ledger technologies. Therefore, this will transform the banking and FX sector with enhanced tools and open new revenue streams.

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