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.
The South Korean Financial Supervisory Service is planning to approve the launch of a digital asset fund in the month of May. As reported by an outlet in South Korea, the local Financial Authority is intending to greenlight the launch of the financial fund that would be enabling the investors to access the exposure to digital assets.
pNetwork (PNT) Collaborates with Algorand Foundation for New Releases
The pNetwork (PNT) announced the launch of an external bridge between Algorand (ALGO) and crypto behemoths, including the top two cryptocurrencies of the crypto-sphere, Bitcoin and Ethereum. declared that PNT-powered pTokens facilitate a safe and speedy transfer between networks. The phase of progress is powered by the Algorand Foundation grant.
Cryptocurrency firm Paxos announced a surge of $300 million, computing the total valuation of $2.4 billion today. The declaration was made in a funding round led by Oak HC/FT. These investments in Paxos are a clear indfication of surging investor interest in the crypto firms.
Despite the odd stance of the Nigeria central bank on digital currencies, the crypto market remains bullish in the country. According to statistics, Nigerians have traded $1.5 billion on Paxful. Nigerians have used Paxful to trade over $6.3 million in the last 7 days and over $77.4 million in the last 90 days.
Finance company SoFi has recently announced a 2% cashback reward for the two major cryptocurrencies of the market namely, Bitcoin and Ethereum.
The Chief Executive Officer Anthony Noto in a telephonic interview said “The crypto program is among the first to be made available in the industry.”