After making a daily low of $44,031, Bitcoin is now trading at $47,303. MicroStrategy, led by Michael Saylor, utilized this correction and accumulated another $242 million worth of Bitcoin to its portfolio. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $3,424.
Let’s find out some interesting crypto news stories today.
EY has announced the integration of its blockchain products with Polygon (formerly Matic). As per the press release, this integration will mitigate the high fees and congestion associated with Ethereum network transactions.
With this coalition, EY would work with Polygon to offer permissioned, private optimistic rollup chains. Additionally, EY enterprise clients would utilize Polygon’s scaling solution to perform high-speed transactions at a low cost.
Crypto.com has announced the listing of additional Fan Tokens in its application. As per the tweet, these new Fan Tokens are collectible digital assets that are created on the Chiliz blockchain.
Notably, these Fan Tokens include the AC Milan Fan Token (ACM), FC Barcelona Fan Token (BAR), Juventus Fan Token (JUV), OG Fan Token (OG), AS Roma Fan Token (ASR), and Atletico De Madrid Fan Token (ATM). With this launch, users can purchase these Fan Tokens with over 20 fiat currencies using the Crypto.com Visa Card.
Additionally, the Crypto.com App also integrated deposits and withdrawals on the Arbitrum network. Moreover, Arbitrum is a Layer 2 scaling solution that aims to manage a large number of transactions at low costs. It utilizes Optimistic Rollups technology, which settles transactions in batches on the main Ethereum blockchain. Consequently, this would help Crypto.com App users to enjoy high-speed transactions for UNI, LINK, SUSHI, and WBTC at a low cost.
Arbitrum network is now supported on the https://t.co/vCNztABJoG App!
More tokens to come – stay tuned!
Deposit now 👉 https://t.co/TAz25E29Gr
— Crypto.com (@cryptocom) September 14, 2021
Fuse Network has declared the launch of Fuse Cash V2 to streamline its user interface. As per the tweet, this updated version helps non-crypto users to enjoy the crypto and DeFi space swiftly.
In addition, Fuse Cash V2 offers a yield-earning program for FuseDollar holders. Currently, users can deposit free of charge and any FuseDollar holder can earn a 5% yield immediately utilizing fUSD. Notably, the yield distribution is on a weekly basis, and it does not require to have minimum deposits or fees to enter or exit the program.
Additionally, the team has also upgraded the WalletConnect functionality. Further, this would enhance the feed interactions and notifications related to the dApps connected to their wallet. Consequently, this will allow Fuse Cash users to interact with its native DEX – FuseSwap, the Fuse Rewards platform, and the Fuse Staking platform instantly, without using a MetaMask wallet.
🔥 Introducing @Get_Fuse_Cash V2 🔥
It features a new, revamped UI, a yield earning program for fUSD holders and an upgrade for the @WalletConnect functionality 😎
Check out the wallet here 👉 https://t.co/nPo3qytt9S
— Fuse (@Fuse_network) September 13, 2021
Injective has launched its INJ-ETH bridge on the Injective Hub. As per the tweet, users can now utilize the secure cross-chain Injective Bridge to connect any ERC20 token to the Injective Chain. Moreover, the Injective Bridge facilitates lightning-fast transfers at a low cost (average transaction cost of ~$0.02 when transacting on the Injective Chain).
In addition, the Injective Bridge supports the fastest withdrawals compared to other Ethereum scaling solutions. Impressively, the Injective network utilizes Tendermint-based Proof-of-Stake (PoS) consensus, which confirms all transactions instantly. Additionally, this Injective Bridge will serve as the gateway to innovative DeFi products with utmost security. Further, this would also allow Cosmos-based tokens to bridge onto Ethereum through Injective.
The Injective Bridge is now live and offers seamless cross-chain interoperability.
— Injective 🥷 (@Injective_) September 14, 2021
As per the tweet, the protocol has gone through four major audits, which were conducted by some of the best industry auditors. These audits helped to ensure the security and accessibility of the platform for its users. Notably, the team will announce its official launch time in the near future. As for now, the team says the launch will take place in mid-September. However, the project launched its Zeta testnet in April 2021 on Ethereum’s Kovan test chain.
As stated, this sandbox mainnet launch would allow the liquidity providers on Ethereum-based AMMs to leverage their LPTs to gain higher returns on their DeFi investments. In addition, users can grow their earnings manyfold by collateralizing their LPTs to initially mint UND stablecoins at zero interest.
— Unbound | Now live on the Arbitrum🔥 (@unboundfinance) September 13, 2021
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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 Crypto.com. Copyright Altcoin Buzz Pte Ltd.