Top Crypto News: 06/05

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.

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.

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 β€œis 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 β€œ[…] creating a master plan for Texas to get involved in the blockchain industry.”

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.

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