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Bitcoin bounces off $31K after Bank of America reportedly greenlights BTC futures trading
Bitcoin (BTC) bounces off $31,000 support during Friday as fresh data reinforced the importance of current price levels. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through $31,000 on Friday. Bitcoin bounces off $31k after Bank of America reportedly greenlights BTC futures trading.
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Harmony announces $1M hackathon aimed at merging traditional finance and DeFi
The Harmony blockchain has opened registration for a hackathon starting next month with more than $1 million in seed funding and prizes for participants. In a Thursday announcement on Twitter, Harmony said the hackathon would be focused on bringing in more people from traditional finance for challenges bridging their fields and decentralized finance.
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Dapp for Diem blockchain partners with Polkadot infrastructure provider
Pontem founder Boris Povod said the partnership was aimed at improving Polkadot’s current node infrastructure, with Pinknode providing “reliable and secure API endpoints.” The decentralized application aiming to connect Facebook’s Diem blockchain with public networks is partnering with node infrastructure provider Pinknode.
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NEM, Augur and District0x price push higher while Bitcoin trades below $32K
Massive spikes in trading volume sent the price of NEM, REP and DNT higher even as Bitcoin price hit a weekly low at $31,000. Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins.
Google Trends also shows an increase in searches for “Polygon” during this time period, with the initial spike in interest coming during the week of April 25 to May 1. The magnitude of NFT search queries was also significantly higher than that of DeFi, hinting that nonfungible tokens may be an optimal route to encouraging the widespread adoption of cryptocurrencies.
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