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.
We’re proud to be part of the Digital Pound Foundation.
A CBDC is an important evolution of the UK’s world leading payments infrastructure. Enabling new innovation and growth for the UK, provide access and create new forms of payments.
Find out what our CEO @gverdian thinks. https://t.co/ivfnK1mRQ8 pic.twitter.com/72pB81mVkp
— Quant (@quant_network) October 14, 2021
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.
5 years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot Whitepaper, parachains are now ready to launch on Polkadot. Motion 118, to schedule the first auctions, has passed council & now gone to public referendum.https://t.co/8pt3aT4vO3
— Polkadot (@Polkadot) October 13, 2021
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.
.@ericinjective is discussing tmr how @InjectiveLabs is launching a @cosmossdk based derivatives DEX ⛓️
You'll learn how Injective will soon enable you to do on-chain perpetual swaps & how it changes the game for market makers ⤵️
📺 https://t.co/5a0VZPFUgV pic.twitter.com/fkstskcsFw— chjango.cosmos🦇🔊 (@chjango) October 13, 2021
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.
🎉 Announcing the launch of Moonlit, Convergence's first step in cross-chain AMM on @MoonriverNW
👀 Read more: https://t.co/QDBM8mEXJ4#Convergence $CONV #Moonlit #Moonriver #Moonbeam pic.twitter.com/DuaDIWohGL
— Convergence Finance (@ConvergenceFin) October 13, 2021
5) GemGuardian Releases a Comprehensive Gaming Guide
GemGuardian has released a step-by-step guide on playing the NFT game by utilizing all the features available. The platform is a top10-Ranked Binance PlayToEarn NFT Card Game that involves Mythical Dragons and Warriors. To sum up, the game is deployed on testnet and the recent walkthrough is well received by the community.
🔥🔥@GemGuardianNFT Game Walkthrough🚀🚀
💎@GemGuardianNFT team have provided a step by step guide on how to utilize all the features and play the @GemGuardianNFT game.
👉 Read More: https://t.co/TbIKPCZbeU$gemg $gpay #GemGuardian #NFTs pic.twitter.com/rZhqAuaRhC
— Gem Guardian (@GemGuardianNFT) October 13, 2021
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.
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Disclaimer
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.
