Top Crypto News: 04/07 – Cryptocurrency News

After present process a pointy correction, Bitcoin hit $55,988 and is now buying and selling at $56,464. Meanwhile, the second-largest cryptocurrency, Ethereum, has dipped beneath the $2,000 area and is buying and selling near $1,994.

Let’s discover out some fascinating crypto information intimately.

1 – Fuse Network | Binance Smart Chain Bridge to Uplift Interoperability & Fix High Gas Fees Issues

Fuse Network introduced the launch of a two-method bridge with Binance Smart Chain (BSC). As per the press launch, this bridge would enhance interoperability and scale back Ethereum’s excessive fuel payment points. Further, this bridge permits customers to maneuver any ERC-20 token from Fuse Network to Binance Smart Chain and vice versa. Notably, solely wrapped Ether (WETH) bridging is on the market. However, the group has plans to extend extra tokens, together with the native Fuse Token (FUSE), to bridge between each networks within the close to future.

2 – Chiliz Taps Investment From Proprietary Trading Firm Jump Trading to Boost Its Fan Tokens

The blockchain-based mostly sports activities token platform, Chiliz, obtained funding from a proprietary buying and selling agency, Jump Trading. The Chicago-based proprietary buying and selling agency was established 20 years in the past. This agency focuses on algorithmic and excessive-frequency buying and selling methods. As per CEO Alexandre Dreyfus, this engagement would assist to increase the adoption of Chiliz tokens in diversified markets. Recently, a few of the greatest groups launched their fan tokens on the Chiliz blockchain, corresponding to Manchester City, Barcelona, and AC Milan.

3 – e-Money Unveils Its First Cross-Chain Ethereum Bridge With Uniswap Launch

e-Money introduced the launch of its first cross-chain Ethereum bridge. As per the tweet, this can be a two-method token bridge that facilitates ERC-20 token transfers between e-Money and Ethereum. The e-Money protocol provides a large spectrum of curiosity-bearing foreign money-backed stablecoins, the place every token is backed by a reserve of belongings denominated in its underlying foreign money. Hence, this collaboration with Ethereum Network would strengthen crypto liquidity. Notably, with this bridge, the e-Money token named NGM can also be accessible on Uniswap for customers to get pleasure from buying and selling on one of many greatest DEXes.

4 – DAFI | Oddz Finance Partnership to Enhance Rewards & Economic Model

DAFI Protocol partnered with Oddz Finance to combine dTokens within the Oddz community. Oddz is a safe and decentralized platform that provides an in-constructed Oracle answer for seamless on-chain choice buying and selling. With this coalition, Oddz will design new staking fashions, whereas using Dafi Protocol’s artificial dTokens into its platform. Further, these dODDZ tokens will function to mitigate worth/provide volatility from the Oddz platform. In addition, this is able to assist to construct possible incentives and an financial mannequin, which spur community demand and token adoption.

5 – Mirror Protocol | EasyFi Collaboration to Enable Tokenized Stocks & Commodities at BSC

In the final little bit of crypto news for right now, we have now Mirror Protocol collaborating with the EasyFi ecosystem to allow tokenized shares and commodities. Moreover, these tokenized shares and commodities, corresponding to oil, are launched as collateral markets on the EasyFi lending protocol. Further, the group has plans to launch diversified belongings corresponding to Facebook, Apple, Amazon, Google, Netflix, and extra. Impressively, EasyFi turns into the primary Layer 2 DeFi protocol to convey tokenized shares and actual-world belongings as lending collaterals. Additionally, these customers who maintain mirrored belongings (mAsunits) can take loans in opposition to their tokenized inventory and commodities positions on EasyFi Protocol at Binance Smart Chain. In addition, customers can even borrow stablecoins corresponding to USDC, BUSD, and DAI in opposition to these collateral belongings.

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About the Author: Daniel