Top Crypto News: 09/10

After making a daily high of $47,322, Bitcoin underwent a correction and is now trading at $44,535. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $3,182.

Let’s find out some interesting crypto news stories for the day.

1- Mastercard Acquires and Integrates CipherTrace to Bolster Crypto Capabilities

Mastercard has announced it will acquire blockchain analytics firm CipherTrace to enhance its cyber security tools and crypto regulatory guidelines. CipherTrace is a blockchain intelligence and crypto forensics firm that helps customers to enhance their security and fraud monitoring activities.

As per the announcement, the payment giant would integrate CipherTrace’s technology to upgrade its card and real-time payments architecture. In turn, this will allow Mastercard clients and partners to enjoy greater transparency of digital assets while maintaining compliance with financial regulatory provisions.

2 – Ethereum’s Node Count Plunged by Over 6,500 in the Last Two Weeks

The second-largest cryptocurrency, Ethereum, has lost over 6,500 nodes in the past two weeks. As per the block explorer Etherscan.io, Ethereum’s node count has plunged from 9,000 to under 3,000. This also leads Ethereum’s hashrate drop-down closer to its competitors, such as Solana, Cardano, and others.

Notably, it is still in suspense why Ethereum has not recovered these nodes. What is known is that a bug caused the chain to fork two weeks ago. In addition, the loss of 6,500 nodes is an estimated number, as these missing nodes are currently not available. There is also a possibility that a small number of miners continued minting blocks with the old node client as usual in the new fork.

3 – Crypto.com Becomes First Official Cryptocurrency Platform Partner of Paris Saint-Germain Club

Crypto.com has announced a partnership with the Paris Saint-Germain (PSG) club. PSG is one of the strongest football teams in history with world-class players, such as Lionel Messi, Sergio Ramos, and more. As per the tweet, Crypto.com would launch exclusive non-fungible tokens (NFTs) of PSG on its native NFT platform.

In addition, Crypto.com will contribute a significant portion of the sponsorship fee using its native token – CRO. Impressively, Crypto.com would also receive the designation of being PSG’s first official cryptocurrency platform partner. Crypto.com is one of the fastest-growing crypto apps, along with the Crypto.com Visa card, exchange, and DeFi wallet.

4 – Algorand Foundation Allocates $300 Million Fund to Support DeFi Innovation

Algorand Foundation has declared the launch of a $330 million fund, dubbed Viridis, to encourage the growth of decentralized finance (DeFi). As per the tweet, this fund is focused on the growth of the DeFi ecosystem on the Algorand platform.

Algorand is a permissionless proof-of-stake protocol with high transaction speed. Hence, this fund allocation to potential projects will be in the form of ALGO tokens. Notably, the team will allocate 150 million ALGO, which is worth $334 million roughly at current prices.

5 – Relite Finance Reveals the Beta-Testing Stage for Relite MVP

Relite Finance is set to launch the beta-testing stage for the long-awaited Relite MVP (minimum viable product). Relite is a cross-chain DeFi money market protocol that supports users to lend, borrow, and stake all crypto assets in one interface. In addition, it utilizes Polkadot’s Moonbeam parachain, bridges, and a unique reserve fund module.

As per the tweet, this MVP release will help end-users to borrow and lend ETH, DAI, and BNB within its application. In addition, the project will release DOT lending by the end of the year 2021. Notably, this MVP (minimum viable product) will be released in the coming future.

6 – IOI Launches CyberTrade: Innovative 3D NFT Game of the Year

Our last bit of crypto news for today includes IOI Game, which has launched a new innovative game named CyberTrade. CyberTrade is a play-to-earn game with multiple game modes, team battles, and drag races.

In addition, this is a 3D NFT Play2Earn game that revolves around NFT cards which represent fighters, race cars, bosses, and items. A basic Fighter card consists of 4 attributes like attack, defense, speed, and health. Notably, users can participate in this game after purchasing a set of three fighters or three bosses. Additionally, gamers can also earn extra CyberCash by doing daily tasks with an increased reward by fighter level. More information regarding this CyberTrade can be found here.

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