Here are the top 5 crypto news for the day!
Let's dive into the news headlines one by one and see how they'll be affecting the crypto space as we know it, in the coming days.
In what is being considered as a momentous development, Robinhood has announced to lower the minimum dimension on Dogecoin trading which means it will now be a piece of cake to own the meme-based currency. Nearly everybody can now seize a Dogecoin, as the decrease in minimal DOGE order dimension from 10 DOGE to 1DOGE is announced in the latest tweet.
DOGE has been one of the hottest cryptocurrencies in 2021. And strong demand is seen from retail traders looking to buy, sell and hold the meme-based crypto. As reported, the corporate has already eclipsed 10 million cryptocurrency customers.
Cream Finance is now looking to minimize vulnerabilities as a major effort to improve the DeFi security or decentralized finance security. On Tuesday, The decentralized lending protocol announced a new security campaign in collaboration with several DeFi platforms. The collaboration with Immunefi, Armor, and DeFiSafety aims to bring stronger security to its protocol and the wider DeFi ecosystem.
The DeFi sector accounting for 50% of total losses from thefts and hacks in the crypto industry is a major target in the second half of 2020. Due to its decentralized nature and unregulated status, the DeFi ecosystem is far more captivating to hackers than any centralized crypto exchange.
First Foundation Inc. will provide clients with secure access to Bitcoin-related investment products by investing in NYDIG. The investment is made as part of an extensive effort to allocate clients with secured access to Bitcoin (BTC) investment products.
The terms of the deal were not disclosed yet. The Bitcoin-focused partnership will facilitate secure pathways to invest in digital assets for the client. First Foundation is also working with processing provider Fiserv to integrate BTC into its existing banking arrangements.
Office-sharing startup WeWork is now accepting Bitcoin and other cryptocurrencies for payments. The move was made possible through a partnership with crypto payment service provider BitPay.
The commercial real estate company has partnered with crypto payment service provider BitPay for accepting Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX), and several other cryptocurrencies. Coinbase, a WeWork member since 2018 has become the first client to pay in cryptocurrency. Meanwhile, it’s not clear as of yet which cryptocurrency Coinbase will pay its rent.
Top NBA prospect, Jalen Suggs, is planning to sell his clip of one of the greatest moments from his college career as a non-fungible token, or NFT. The non-fungible token for the same was put up for auction on Monday by Jalen on OpenSea, the NFT marketplace. In addition to this, the auction will be running until Friday at 3 PM EST.
Although the bidding has somehow managed to reach the mark of 0.6 ETH or $1,360, but it has yet to meet the reserve price that has not been officially disclosed yet. For those who are not aware about Jalen Suggs, he is an American basketball player who played for Gonzaga University in Washington during the 2020-2021 NCAA season.
After declaring for the 2021 NBA Draft on April 19, he is not going to return for his sophomore this year, and moreover, he is no longer bound by the eligibility rules of the NCAA.
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