After the Bitcoin price corrected and recorded a weekly low of $54,654, it is now trading at $56,962.83, putting strong pressure on altcoin prices. Meanwhile, Ethereum, the second largest cryptocurrency, is trading close to $3,540. In addition, we take a look at the details of the most interesting crypto news of the week. In the list, you can find testnet and mainnet dates, announcements of play-to-win gaming platforms and partnerships of altcoin projects…
Crypto.com’s Cronos powered testnet surpasses 2 million transactions
Crypto.com has announced its progress report ahead of the launch of Cronos mainnet on October 19, 2021. Cronos is an EVM chain running parallel to Crypto.org Chain. Also, this works to scale the DeFi ecosystem while enabling portability of dApps from Ethereum and EVM compatible chains.
The team has allocated a prize pool of $300,000 for the participants of the native token CRO. According to the announcement, more than two million transactions were processed on this Cassini testnet. In addition, 18,000 addresses were traded, with 400 smart contracts distributed. Specifically, the tester and manufacturer registration ended at 03:59 UTC on October 11, 2021. The competition will end at 03:59 UTC on October 18, 2021. Therefore, testers and installers still have a week to complete missions and earn lucrative rewards.
Legendary cricketer AB de Villiers joins the world of NFT and altcoins with DeRace
Legendary cricketer AB de Villiers has announced that he is joining DeRace as his first NFT project. Also, DeRace is an NFT horse racing ecosystem where users can participate in horse races. Users can breed various NFT horses, create their own NFT racecourses and win lucrative prizes.
AB de Villiers is a former South African professional cricketer. He holds the record for fastest 50, 100 and 150 in ODI cricket and has earned a reputation as one of the best batsmen of all time. In addition, AB changed its Twitter profile picture to a racehorse picture and announced the same on its Twitter account.
Altcoin project GemGuardian NFT staking is live on testnet
cryptocoin.com GemGuardian announced the launch of the NFT staking feature on the testnet. Also, GemGuardian is a rewarding fantasy-based NFT card game on the Binance Smart Chain. At the same time, players can acquire Guardians and Dragons to fight and earn in-game rewards. Also, these rewards can be staked for a lucrative APY.
To join the Testnet and enjoy early access to this game, participants must follow the steps below:
- Set up the Binance Smart Chain Network.
- Add GEMG and GPAY testnet tokens.
- Access the dApp at this link: https://testnet.gemguardian.io/.
- Buy Guardian and Dragon Lootbox.
- Begin testing.
Overall, more than 13,000 people applied for this testnet whitelisting event. Specifically, applicants have already received testnet GEMG and GPAY tokens in their testnet wallets.
Defina Finance IDO sold out in the first 45 minutes
EnjinStarter’s first IDO, Defina Finance, was sold out in the first 45 minutes. Defina Finance is a Blockchain game that combines DeFi with NFTs. Additionally, players can purchase or collect various NFT mystery boxes.
According to the announcement, Defina IDO went live today at 4:00 UTC with a public sale price of $0.4 per token. Specifically, it has a total supply of 100,000,000 FINAs with an initial circulating supply of 2,825,000 FINAs. Impressively, this Treasure community sale was completed in 45 minutes. For upcoming sales, users can follow EnjinStarter’s Twitter account.
Heroes and Empires token listed on PancakeSwap and Gate Exchange
Today at 12:00 UTC, there is news of Heroes and Empires (HE) tokens listed on PancakeSwap and Gate Exchange. Heroes and Empires is a play-to-win Blockchain strategy game that combines the distinctive elements of idle RPGs and the tactics of automatic chess.
As per the announcement, the trading pair launched on Gate Exchange is HE/USDT while it is available as HE/BUSD pair on PancakeSwap. Specifically, it has a total supply of 1,000,000,000 HE with an initial circulating supply of 80,050,000 HE. The starting token price HE is $0.01 per unit.
As Bitcoin soared above $57,000, whales shoveled 1.58 billion USDT!
Next up is on-chain news. Blockchain analytics team Whale Alert reports that three transactions have been made in the past 24 hours, each containing a staggering amount of USDT. The total amount of stablecoin transferred in these transactions is close to 1.6 billion USDT. Among the wallets were:
- Anonymous whales and Tether Treasure were found to have had three transactions carrying 666,820,516; 249,999,999 and 667,816.661 USDT stablecoins.
- The first and third transactions were made on Tron-USDT from the same address: TV6MuMXfmLbBqPZvBHdwFsDnQeVfnmiuSi.
- Tether Treasury moved 250 million Tether in ETH-based USDT to Bitfinex.
Meanwhile, Tether and Bitfinex share the same management team; this is why Bitfinex often buys USDT from Tether when it needs more liquidity to trade Bitcoin and other cryptocurrencies. Transactions were made in the following wallets and amounts:
Ripple will support solar projects to reduce the crypto industry’s carbon footprint
Blockchain company Ripple has announced a partnership with Lincoln-based financial services firm Nelnet. As part of the deal, it will co-invest $44 million in the company’s renewable energy business segment to fund American solar projects. Ken Weber, Ripple’s head of social impact, argues that reducing the industry’s carbon footprint should be a key priority:
Guaranteeing a clean energy future is a top priority in every industry, not only to ensure future economic growth, but also to ensure a more sustainable world. As the adoption of cryptocurrencies and Blockchain continues to grow, it is clear that the technology will support our future financial systems.
Decentralized messaging app Secretum launches on altcoin Solana
Secretum encrypted P2P messaging fixes the main bottlenecks of the modern instant messaging segment. Developed by Lithuanian Blockchain engineers and telecom experts, Secretum is for decentralized messaging software. Solana (SOL) is pioneering the use of Blockchain. According to his team’s estimation, Secretum is the world’s only fully decentralized and encrypted messenger on this high-performance Blockchain platform. Therefore, the Secretum architecture guarantees a secure, smooth and P2P messaging experience.
PARSIQ scored 50 partnership points in 2021, here are the signed collaborations
PARSIQ, a new on-chain data monitoring platform, enhances its integrations with leading cryptocurrency projects. According to the statements, the PARSIQ team signed 50 partnerships in the nine months of 2021. The list of collaborations includes partnerships with cutting-edge Blockchain platforms altcoin Polkadot (DOT), Solana (SOL) and Chainlink (LINK), world-class decentralized finance protocol Aave Finance (AAVE), and leading BSC-based decentralized exchange PancakeSwap.
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