Top Crypto News: 7/24

Some exciting developments took place in the crypto space today. Currently, Bitcoin is up 2.4% and is trading at $34,312. Meanwhile, Ethereum is up 3.3% over the last 24 hours and is trading at $2,190.

Let’s take a look at some of the top crypto news stories for the day.

1 – E-commerce Giant Amazon Exploring Cryptocurrency Payments

E-commerce giant Amazon has posted a job opening for a digital currency and blockchain product lead as part of the company’s Payments Acceptance & Experience team. Moreover, this opening is to create a vision and roadmap for new payment products. The job announcement notes the position will require the new hire to leverage their expertise with blockchain, cryptocurrency, and CBDCs to develop “the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”

An Amazon spokesperson also said in a statement that Amazon is exploring the new innovative cryptocurrency space. Further, he stated that the future is bright for innovative technologies that facilitate fast and inexpensive payments.

2 – Cryptocurrency Exchange Binance US Considering IPO

Binance US is thinking about going public through an IPO in the United States. Binance CEO Changpeng Zhao has revealed plans about this possible IPO while discussing Binance’s ongoing regulatory issues and future plans at the REDeFiNE Tomorrow 2021 blockchain virtual summit.

As per CZ, the Coinbase listing earlier this year on Nasdaq has set an example in the U.S. where crypto companies can go public. He stated Binance US could go for an IPO, and a team is setting up those structures. He stated, “Binance US is looking at the IPO route. Most regulators are familiar with a certain pattern, or having headquarters, having corporate structure. But we are setting up those structures to make it easier for an IPO to happen. So that’s not out of the question. But right now, we are still in the early stages”

Further, he said Binance is looking for a new CEO in the coming future. This will help him to step down as CEO in the next few years, allowing him to focus on the growth of Binance and Binance Smart Chain (BSC).

3 – Solana | Audius | Metaplex Launch $5 Million Creator Fund

Solana Foundation allocated a $5 million fund for artists and musicians to build on Web 3.0. As per the tweet, Solana has joined forces with Audius and the Metaplex Foundation to launch this creator fund. The Creator Fund aims to entice builders, musicians, and other artists who are exploring decentralized platforms built on top of Solana.

This fund will help creators who are doing innovative work in diversified categories such as music streaming, NFTs, and the Metaverse. Apart from the financial aspect, technical support will be provided to creators to utilize crypto interfaces, token models, and other monetization tools. Additionally, to jump-start, the team has plans to enlist 1,000 artists and their fans into crypto.

4 – Plasma.Finance Announces Launch on Polygon Chain

Plasma.Finance has declared its launch on Polygon (formerly Matic). As per the tweet, this integration helps Plasma.Finance to expand its features such as a bi-directional bridge, Initial DEX Offering, multi-chain exchange, and more.

Plasma.Finance has designed its DEX token offering platform, named PlasmaSwap, which will allow companies to launch tokens on multiple chains. With this integration, users can enjoy Polygon’s faster speed with low transaction costs. As stated, users can manage their liquidity and PPAY tokens on Polygon Chain. Further, PPAY holders can also transfer their assets on the Ethereum chain to the Polygon chain using the Polygon bridge.

5 – Gold Fever Launches First-Ever NFT With Alpha Stage Contest

In the last bit of top crypto news for today, we have Gold Fever’s Alpha stage launch. As per the tweet, in this stage, players will have access to the virtual world, which is a 4 square km demo map. The team has launched the pre-registration contest for this Alpha stage. As stated, 100 lucky winners will get a chance to play the Alpha stage. Further, they will get an opportunity to participate in the upcoming Alpha contests to collect more prizes.

In addition, 40 users will be rewarded with Gold Fever’s first-ever NFT. Notably, to participate in this contest, users have to complete different tasks. More details regarding this reward can be found here.

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