There has been interesting news in the crypto space today. Bitcoin price has increased by 4.7% and is trading at $36,368.75. Ethereum is also up 5.2% over the last 24 hours and is trading at $2,222.70.
We’ll go through some of the top crypto news for today.
1 – Crypto.com Partners with Formula 1®
Crypto.com (CRO), a cryptocurrency wallet provider and platform, has announced its collaboration with Formula 1® racing. Therefore, becoming the global partner of the motor racing competition.
They will also be the partner for the 2021 new Sprint series commencing on the 17th of July at Silverstone and be trackside for all the races events till the end of the season.
— Crypto.com (@cryptocom) June 29, 2021
The CRO token is also going to become the cryptocurrency sponsor, with Crypto.com as the NFT Partner of F1. Therefore, increasing Crypto.com’s adoption.
Co-Founder and CEO of Crypto.com, Kris Marszalek also commented saying: “…We look forward to many years of innovating together, and will begin at the Belgian Grand Prix where we will present a brand new award. We’re also excited to partner with F1 in the development of exclusive NFTs, connecting fans to the sport in new and innovative ways.”
2 – Jack Dorsey and Jay-Z-owned Music Platform, Tidal, Plans NFTs and Smart Contracts
Per the report, they plan to carry out this initiative to help the growth of participants on the platform.
Pointing out the possibility of ensuring financial autonomy, Jay-Z said: “With these blockchains and these smart contracts, you can write the contract today to say, any sale that happens, I want to receive 10% or 30%. Or you can write it out: 50% on the first one, 40% on the next.”
Twitter and Square CEO, Jack Dorsey said: “What really dawned on me was how weak some of the toolsets are for artists, with analytics and data, to understand what they’re doing and help them inform their decisions, especially considering other revenue streams like merchandise and touring and NFTs.”
3 – Cartesi (CTSI) Records New Staking Milestone
Cartesi (CTSI), a renowned chain-agnostic platform, has announced the achievement of a significant milestone. According to the announcement, about 80.08 million CTSI has been staked on the platform, alongside 261 active nodes, and a 21.7% participation rate.
A new staking milestone has now been achieved with over 80M CTSI now staked!
– 80.08 million $CTSI currently staked
– 21.7% Participation rate
– 261 Active nodes
— Cartesi (@cartesiproject) June 28, 2021
It is important to note that Cartesi is a Layer 2 infrastructure that provides solutions for scalability issues and outrageous fees associated with blockchains. To achieve this, it utilizes a variant of optimistic roll-ups and sidechains. Therefore, helping developers carry out smart contract programming by using mainstream software stacks.
Cartesi is also integrated with Elrond, Coinbase Custody, Polygon, Binance Smart Chain (BSC), and Ethereum.
4 – Cryption Network Launch One-side Liquidity
Cryption Network, a decentralized platform focused on solving issues hindering cryptocurrency adoption, has announced the release of single-sides liquidity.
This feature reportedly allows interested users to pool with a single token as well as offer other advantages such as improved capital allocation and easier access to CNT farms.
Uncovering One-side Liquidity by #Cryption! 📜
Single-side liquidity enabled today with benefits 🎯
👉Easily accessible CNT Farm
👉Efficient capital allocation!
— Cryption Network (@CryptionNetwork) June 28, 2021
“One-sided Liquidity will allow users to get into the farms much more easily. You can now deposit MATIC which will be converted in DFYNs LP token and automatically put in to our Farm to generate rewards,” the announcement added.
5 – StackOS Staking Program is Coming Soon
StackOS, a cross-chain protocol, has announced the 3rd of July (1:30 PM UTC) as the date for the launch of the StackOS staking program.
🥳Attention! We have a date and time for the launch of the StackOS Staking Program! Starting at an APY of 900% on your $STACK, you don't want to miss this💙
🔹 Saturday 3rd of July at 1:30 PM UTC
— StackOS.io (@DeployOnStackOS) June 28, 2021
According to the report, the staking program will commence with a 900% APY that will also change based on the amount of $STACK tokens staked. Additionally, two pools exist on Binance Smart Chain (BSC), and Ethereum chain.
“A demonstration video of how to stake will be released shortly before the time of launch. The link to the staking pool will be shared at 1:30 PM UTC on Saturday,” the report added.
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