After making a daily high of $35,219, Bitcoin underwent a correction and is trading at $33,146. Meanwhile, the second-largest cryptocurrency, Ethereum, is looking strong and is trading close to $2,120.

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

1 – Vietnam’s Ministry | TomoChain Partnership to Secure National Educational Credentials

TomoChain has partnered with Vietnam’s Ministry of Education and Training (MOET) to secure national diplomas on its platform. Collaboratively, the team has developed the National Qualifications Archive (NQA) system to store all of Vietnam’s diplomas and certificates on the TomoChain blockchain. Moreover, the NQA system is composed of multiple layers of automatic verification and authentication. Further, this would enhance the accuracy and reduces administrative work with utmost security.

Initially, to jump-start the system, millions of educational credentials (high school, graduate, and postgraduate degrees), as well as foreign language and IT certificates from 2018 to 2020 will be uploaded on NQA. Later on, provincial departments of education and training, universities, and academies will migrate data on NQA. Notably, certificates that are issued will have a unique code linked on the TomoChain blockchain. Hence, this would uplift Vietnam’s educational system.

2 – Umbrella Network Oracles Now Live on BSC Mainnet

Umbrella Network has announced that its oracles are now live on the Binance Smart Chain (BSC) mainnet. As per the tweet, this will increase the broader adoption of UMB oracles amongst developers. In addition, the team is working on improving features and to add new data pairs. Further, this would increase the price accuracy and move towards a fully decentralized governance structure.

Impressively, this integration helps this project to integrate more blockchains to become multi-chain interoperable. Umbrella Network is a scalable Layer 2 oracle platform that offers high-speed and reliable data service at low costs. Hence, validators can utilize this integration to run nodes at a significantly lower cost.

3 – Twitter Unveils Giveaway of 140 NFTs

Twitter has announced it will give away 140 new NFTs (non-fungible tokens). As stated, Twitter shared a series of tweets featuring a number of different images with the Twitter logo. The NFTs include various versions of the Twitter logo such as Furry Twitter, Rare Form, and Twitter Jggl. Moreover, the team has posted seven different NFTs on Rarible, which is a platform for buying and selling digital assets.

NFTs are digital assets that represent a broad spectrum of unique collectibles. Hence, to increase its adoption, the team has announced to give away 20 versions of each NFT to seven interested users, which makes it a total of 140 NFTs. Notably, earlier this year, Twitter co-founder and CEO Jack Dorsey also sold his first tweet as an NFT.

4 – Katy Perry Launches Her First NFT Collection on Theta Network

Pop star Katy Perry has announced the launch of her first-ever NFT (non-fungible token) collection for her fans. As per the tweet, the hitmaker has collaborated with the Theta Network to create the non-fungible tokens. As stated, this NFT collection launch is to celebrate her Play residency. Notably, this Play residency will take place at the beginning of December 2021 at the brand new Resorts World Las Vegas hotel. The superstar also stated that this would be a unique opportunity to connect with her fans around the world. Impressively, Theta Network is a blockchain-powered video delivery network that allows users to earn tokens while watching content. Perry has also acquired a minority interest in Theta Labs.

5 – The Swiss Stock Exchange | Quant Collaboration to Enhance the Issuance of CBDC

In the last bit of crypto news for today, we have the Swiss Stock Exchange revealing its plan to launch the SIX Digital Exchange (SDX). As stated, SDX will be the world’s first regulated digital market infrastructure utilizing DLT. In addition, SIX manages the Swiss Interbank Clearing (SIC) system, which is the RTGS system for the Swiss National Bank (central bank). It also runs Switzerland’s national Central Securities Depository (CSD).

Recently, Quant has launched a new Overledger API to bridge the global ecosystems of DLTs and APIs. Hence, the team will utilize Quant to provide interoperability between the legacy system and the DLT system to trigger the ISO message. Additionally, Quant will be used as proof of concepts that involve the issuance of CBDC for delivery versus payment settlement involving two commercial banks.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by TomoChain and Umbrella. Copyright Altcoin Buzz Pte Ltd.


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