After making a daily high of $34,878, Bitcoin underwent a correction and is trading at $32,900. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,152.
Let’s find out some interesting crypto news in detail for today.
1 – Crypto.com Receives EMI License From Malta Financial Services Authority
Crypto.com has declared it has become the first global cryptocurrency platform to receive an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). As stated, this EMI license permits Crypto.com to issue cards and offer bank transfers directly to the consumers.
Recently, Crypto.com became the first global cryptocurrency platform to receive a Class 3 Virtual Financial Assets (VFA) License from the MFSA. Hence, this is a major milestone for Crypto.com to provide a secure and compliant crypto trading ecosystem. The co-founder and CEO of Crypto.com, Kris Marszalek, mentioned that the team is looking forward to securing more licenses in every country they operate in. Notably, Crypto.com also secured an Australian Financial Service License (AFSL) in December 2020. Hence, this initiative may stimulate the exponential growth of the Crypto.com ecosystem.
✅We’re proud to announce that we are the first global cryptocurrency platform to receive an Electronic Money Institution (EMI) License from the Malta Financial Services Authority (MFSA).
Read on for more details about the license: https://t.co/39PdBOTERU pic.twitter.com/ZPbMs3AXNn
— Crypto.com (@cryptocom) July 8, 2021
2 – Socios.com Taps Official Partnership With Boston Celtics
The NBA’s Boston Celtics have announced its partnership with Socios.com. Moreover, the Boston Celtics is a world-renowned brand and 17-time World Champions. Meanwhile, Socios.com is a fan engagement platform that creates fan tokens on the Chiliz blockchain.
With this collaboration, Socios.com will have a digital presence on Celtics.com and serve as the team’s website presenting partner. In addition, it will lead to the Celtics’ primary hub for news, updates, video highlights, and information about the franchise. Recently, AC Milan, Barcelona, and other sports organizations also launched their fan tokens with Socios.com. Hence, the Boston Celtics now becomes the latest team to use this platform for fan engagement.
⚡ $CHZ
— ☘️ Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) July 7, 2021
3 – Polygon | Alchemy Partnership to Boost DeFi and dApp Space
The leading blockchain development platform, Alchemy, has announced its launch on Polygon chain (previously Matic). Essentially, Alchemy’s platform is focused on streamlining the process of Ethereum development. In addition, this platform has a suite of development tools, intensified APIs, and superior infrastructure for nodes.
Impressively, Alchemy has supported over $30 billion in transactions in 99% of all countries. With this coalition, Polygon will help to expedite this growth and provide diversified DeFi solutions. Additionally, this will also help Ethereum developers to enhance their current and future dApps by utilizing Polygon’s high-speed, low-cost, and secure infrastructure.
📣 Developers Rejoice!
🙌 @AlchemyPlatform, the Leading Blockchain Developer Platform, now supports Polygon!
👩💻 Developers can now access Polygon through Alchemy's developer portal & tap into high-speed, low-cost, and secure infrastructure.
Learn More: https://t.co/rLkv7tcV65 pic.twitter.com/3TNTkQzgHZ
— Polygon (@0xPolygon) July 7, 2021
4 – IOI Game Introduced 3000 $IOI Monthly Prize Pools
The IOI Game has introduced a monthly prize pool to reward gamers. The IOI Game named Trade Race Manager is an NFT trading game. This game is centered around the play-to-earn model, which is powered by decentralized finance. Interestingly, racers can win lucrative rewards by purchasing multiple shares in the special race tracks and earn passively.
Additionally, to increase gamers’ rewards, the team has launched a special Premium offer. This offer includes a free NFT car and avatar. As stated, this season will start on July 8 and features $2000 worth of IOI as monthly prize pools. Furthermore, the top 10 racers can also get a chance to win 1000 $IOI.
Season coming to #TRM
Each month Premium Members are playing for 2 000 $IOI with their teams and 1000 $IOI for the top 10 racers.
⚠️Join this season with our special Premium offer now and get NFT car and avatar for FREE!
Start of the season is 8th July.#IOIArmy pic.twitter.com/ucMzNo4ltA
— Trade Race Manager $IOI (@IOI_game) July 7, 2021
5 – NFTify | CoinMarketCap Collaboration to Give Away 250,000 N1 Tokens in Airdrop
In the last bit of crypto news for today, we have NFTify collaborating with CoinMarketCap to give away a massive airdrop. As per the tweet, the team is giving an airdrop of 250,000 N1 tokens to early adopters. In addition, these early adopters will get a chance to pre-test the NFTify platform when it is officially launched.
Notably, these N1 tokens can be won by 1000 winners. The team also stated that the NFTify platform will go live on the 14th of July. Further, the adopters can enjoy benefits such as free store setup, zero transaction fees when listing NFTs in N1, rewards for constructive feedback, and more.
🗓 It's time to mark your calendar for NFTify's upcoming Platform MVP launch!
We are only ONE week away from launching our much-awaited platform on July 14th🥳🎇
We'd love to see the blossoming of the $NFTify economy and NFT creations on the platform🤩🤟 pic.twitter.com/8V8zfM1qkp
— NFTify – The Shopify for NFT (@nftify_official) July 8, 2021
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