Most of the cryptocurrencies are trading higher today while Bitcoin is racing to the 58k region. Ethereum roars to the $3800 mark with the fear and greed index staying at Greed levels.

Let’s check out some of the day’s interesting Daily Crypto News.

1) Quant Joins The Digital Pound Foundation

London-based blockchain company Quant Network has announced its involvement in the foundation. The company is developing a Central Bank Digital Currency for the UK. Therefore, Quant will collaborate with ongoing initiatives of the Digital Pound Foundation, aiming for a fully Digital Pound. According to the announcement, the Digital Pound Foundation announced the official launch of an independent forum.  Moreover, Quant was the first to declare support for the project.

Finally, right after the announcement, Quant had a 5% gain.

2) Polkadot Announces Parachains

Polkadot is starting Parachain auctions after motion 118 passed the council. After 5 years, the governing council has approved the launch of Parachains.

As a result, the Parachain auctions will take place next month after a Public Referendum. Following the announcement, the $DOT price had a 25% pump, with investors feeling optimistic about the future. Also, $DOT is trading well below its all-time high of $49.

3) Injective to Launch Derivatives DEX

Ethereum compatible DeFi platform, Injective Protocol, is planning to launch a Cosmos-based derivatives trading exchange. The announcement is expected to take place on Interchain FM on 15th October at 00:30 UTC. In addition, Injective has also launched the Injective bridge to transfer assets between Ethereum and Cosmos last month.

4) Convergence Finance launches Moonlit

The decentralized interchangeable asset protocol, Convergence Finance, has launched Moonlit, a Cross-Chain AMM on Moonriver Network. Moonlit will work as a standalone decentralized exchange for Convergence’s cross-chain compatibility with Moonbeam and Moonriver. This will help Convergence to shift its focus in increasing investment opportunities for the Defi crowd. 

5) GemGuardian Releases a Comprehensive Gaming Guide

GemGuardian has released a step-by-step guide on playing the NFT game by utilizing all the features available. The platform is a top10-Ranked Binance PlayToEarn NFT Card Game that involves Mythical Dragons and Warriors. To sum up, the game is deployed on testnet and the recent walkthrough is well received by the community. 

6) Thetan Arena Partners with Yield Guild Games

Thetan Arena has announced a major partnership with Yield Guild Games(YGG) and is preparing to go big in the MOBA genre. The recent partnership is aiming to integrate multiple games into an inclusive gaming platform.

On the other hand, YGG has already invested in Thetan Arena’s token sale and purchased many prominent NFTs. Once Thetan Arena builds its NFT lending program, YGG plans to offer scholarships for its players.

Finally, $THG had an impressive price rally of around 150% last week.

We hope you’ve enjoyed the Daily Crypto News.

Finally, Join us on Telegram to receive free trading signals.

Above all, For more crypto news, check out the Altcoin Buzz YouTube channel.

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 BinStarter. Copyright Altcoin Buzz Pte Ltd.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.