Top Crypto News: 07/23

The majority of cryptocurrencies surged strongly in the last 24 hours. Bitcoin is trading over $32,534 while Ethereum is also up and is trading at $2,070.

Let’s review some interesting crypto news in detail for today.

1- JP Morgan Begins Crypto Fund Access To All Clients

JP Morgan bank has announced to give all its retail clients access to crypto funds. Moreover, the bank will allow its wealth management clients to access Bitcoin and other cryptocurrency funds. According to a Forbes report, the clients of JP Morgan bank can buy and sell five cryptocurrency products through JP Morgan advisors.

As stated, the Advisors have access to four Grayscale Investments products such as Bitcoin, Ethereum, Bitcoin Cash, and Ethereum Classic. In addition, they are also able to invest in Osprey Fund’s product. Notably, JP Morgan banks clients can avail this facility starting from the 19th of July.

2- Nervos Network Reveals Updates Regarding its Cross-chain Bridge with Cardano

Nervos Network has provided an update regarding its cross-chain bridge with Cardano. After the completion of this bridge, users can utilize Nervos and Cardano’s native currencies ($CKB and $ADA, respectively) interchangeably. Besides this, they can also create their own tokens across both blockchains. In addition, both Layers 1 and 2 of the Nervos network can access wrapped $ADA tokens to use across the chain’s DeFi applications.

Developers can utilize this bridge to access services and features to expand their dApps and user bases. As stated, the team has added the functionality of locking and unlocking flow supporting Cardano. Along with this, the team has completed the Cardano-side transaction testing. However, the Nervos-side transaction testing is still pending and will be completed in the near future.


3- Coin98 Wallet Teams up Binance For its Token Sale Distribution

Coin98 Wallet has collaborated with Binance to conduct its C98 token sale. As per the tweet, this token sale started on July 16, 2021, at the Binance launchpad platform. The team has allocated 50,000,000 C98 tokens for this launchpad, which is 5% of the total token supply.

Coin98 wallet is the simplest and most secure crypto wallet to store, transfer, receive and manage cryptocurrency assets. The user can participate in this sale by committing their BNB coins. As stated, the team will take a snapshot of BNB balances hourly for each day over a 7 day period. Besides this, the locked BNB will not be redeemed or used for any other functions such as transfers, withdrawals, trading until final token distribution.

Notably, the hard cap limit per user is 20,000 USD, which equals 266,666.667 C98 tokens. The end date of this launchpad is July 23, 2021, after the final token allocation C98 and BNB both tokens will be transferred to the user’s spot wallet.


4- OpenOcean | Huobi ECO Chain Collaboration to Give 10,000 OOE Reward

OpenOcean has launched a trading competition to give 10,000 OOE as a reward. Moreover, to win this contest users have to trade on HECO Chain through the OpenOcean platform. OpenOcean is a leading full aggregator that gives access to crypto trading and pools liquidity for both DeFi and CeFi.

Recently OpenOcean has aggregated with HECO to expand its ecosystem. Hence, to boost users the team has launched this OOE token reward. Notably, this trading competition starts on 21st July 2021 and ends on 28th July 2021. The team will randomly select 100 users with over $100 of the total volume in trading. Each lucky user will receive 100 OOE tokens as a reward.

5- BSCStation | MyDeFiPet Launching Dual Staking Pool

In the last bit of top crypto news for today, we have BSCStation launching its dual staking pool. As per the tweet, users can stake BSCS to earn DPET tokens. The team has allocated 5,000 DPET tokens as rewards with 41.67 DPET tokens per day.

In addition, the team has launched a second staking pool, in which stakers can earn BSCS tokens by staking DPET tokens. Total rewards allocated to this pool are 500,000 BSCS tokens with 4166.67 BSCS per day. Besides this, both pools will follow a fixed rewards distribution mechanism for 120 days. Notably, the longer a user stake, the more token rewards will earn.

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