Top Crypto News 1-31

Crypto bullish trends are still a myth. Focus is still majorly the U.S. Federal Reserve. Any sign of inflation or interest rate hikes would have a huge impact on the conventional finance space. This, in turn, could positively or negatively affect the crypto market.

As part of today’s crypto news, the crypto space is still burdened by huge bearish movements. Bitcoin, for one, is currently trading at $37,820. Ethereum, on the other hand, is also trading at $2,604 which is a 0.6% price drop over the last 24hours.

ADAX DEX v.1.0 mainnet launch and Convergence Finance partnership with Moonbeam are some of today’s top crypto news.

Let’s find out some interesting crypto news for today.

1. Binance SAFU Now Worth $1 Billion

World-renowned crypto exchange Binance has disclosed that its Secure Asset Fund for Users (SAFU) is currently valued at $1 billion. Established in 2018, the fund currently serves as an emergency insurance fund for Binance users.

Since its launch in July 2018, Binance allocates 10% of all its trading fees to its SAFU funds.

2. Telos Swaps v3 Goes Live

Telos Swap, the first-ever DeFi project on the Telos blockchain, has announced the official mainnet launch of its Telos Swaps v3 platform. The v3 launch will take place on February 1, 2022, and will bring to life important features like;

  • Top-notch user interface
  • Self listing feature
  • Wombat support
  • Uniswap and Curve protocol pairs, and
  • Lastly, Bridge
3. ADAX DEX v.1.0 Mainnet Launch

The much-anticipated ADAX decentralized exchange (DEX) v.1.0 goes live on the mainnet. The DEX exchange will furthermore bring to life strategic changes to the Cardano ecosystem.

For those who may not have heard of it, ADAX DEX is a Cardano-based state-of-the-art DEX protocol.

4. Convergence Finance Partners With Moonbeam

Another strategic partnership on the Moonbeam ecosystem. This time around Convergence Finance has released details of a strategic partnership with Moonbeam. The partnership will help make private markets public on the Moonbeam Network.

Moonbeam is an ETH-based parachain on Polkadot. Convergence Finance, on the other hand, is known for its private fundraising before public access.

5. Litmus Now Kusama Parachain 23rd Slot Winner

Litentry Litmus is now the winner of the 23rd Kusama Parachain slot. A total of 849 contributors raised 10,821 KSM tokens.

Litentry is popularly known as a Web 3.0 cross-chain ID aggregator protocol.

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