Bitcoin price is down by 6% in the last 24 hours. The “King Crypto” is also trading at $35,582. In fact, all of the top ten coins are down today, with Ethereum down by 5.7% and Cardano by 6.3%.
Let’s find out some interesting crypto news for today.
1 – Jack Dorsey’s Square to Launch Bitcoin Hard Wallet
Jack Dorsey, CEO of Twitter and Square, is looking to take security in the crypto space to a whole new level. In a recent tweet, he revealed that the financial payment firm was looking to launch a hardware wallet for Bitcoin (BTC), with a major interest in helping Bitcoin investors safeguard their assets.
Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.
— jack (@jack) June 4, 2021
2 – DAFI Protocol | ZKSwap Partner to Revamp Staking Reward Methods
DAFI Protocol has strategically partnered with ZKSwap. Thanks to the partnership, ZKSwap will have access to DAFI smart synthetics to help revamp its ZKS token distribution process. The partnership will also create more utility for the ZKSwap network by rewarding long-term network participants.
ZKSwap is also an AMM, Layer 2 DEX platform with ZK-Rollup powered with Uniswap functionalities. These features make it possible for it to offer better privacy, high throughput, and improved security in the DeFi ecosystem.
We are proud to announce a partnership with @ZKSwapOfficial. 🚀
The token swap protocol will use $DAFI smart synthetics to reshape its $ZKS rewards distribution program by introducing dZKS tokens.
Switch to DAFI – Same chains. Better rewards. ☄️https://t.co/OGiRcflFv8
— DAFI Protocol (@DafiProtocol) June 3, 2021
3 – Texas to Dabble in Decentralized Technology
The governor of Texas has announced interest in supporting the blockchain space. In a recent tweet, Greg Abbott disclosed that the blockchain space “is a booming industry.” Also, He added that Texas was looking to be a major player in this fast-rising space. To further provide the blockchain space with an enabling environment, Greg Abbott revealed that he has signed a law to help “[…] creating a master plan for Texas to get involved in the blockchain industry.”
Blockchain is a booming industry that Texas needs to be involved in.
I just signed a law for Texas to create a master plan for expanding the blockchain industry in Texas.#Blockchain #Bitcoin#cryptocurrency pic.twitter.com/bMKXxxYooe
— Greg Abbott (@GregAbbott_TX) June 5, 2021
4 – Uniswap Announces Commencement of LP Rewards
Popular decentralized cryptocurrency exchange Uniswap has announced the scheduled launch of cBSN Uniswap LP Rewards. The LP rewards are scheduled to launch next week. More details including the official LP contract address will be announced in the near future.
#cBSN Uniswap LP Rewards are kicking off next week 🚀
Stay tuned for the official LP contract address announcement. Be wary of scams!
Wait for information to be posted on https://t.co/moqLbytyKP and twitter next week.
Have a great weekend y'all 🤠👏 pic.twitter.com/hb0LE5uqu5
— Blockswap Network (@Blockswap_team) June 4, 2021
Also, join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.