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Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch
The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday.
Power Ledger migrates from Ethereum blockchain to Solana despite upgrades
The Power Ledger decision comes even as the Ethereum blockchain undergoes improvements to make the network better. The Power Ledger blockchain offers a platform for auditing and streamlining the buying and selling of renewable energy. Power Ledger acknowledged it was attracted to Solana’s means of achieving scalability through POH as a timing mechanism that in return supports short block times of 400 milliseconds.
Bitcoin Rewards Is Becoming A Hot New Trend In Banking
The price of a single Bitcoin maybe around half of what it was just a few months ago, but that doesn’t mean crypto has run its course. The reality is, cryptocurrency has always been volatile in general, and Bitcoin has still shown an upward trend since inception, albeit with plenty of bumps along the road. Many experts still project that Bitcoin will surpass $200,000 or more in value in the near term.
Polygon and Community Gaming Partner to Provide Scalable Esports Tournaments
Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. The first two tournaments to use Polygon’s blockchain were Gods Unchained and Axie Infinity, which saw a massive popularity boost in the past few months, as reported.
Grayscale Digital Large Cap Fund Obtains SEC Approval
Grayscale has received regulatory approval to reduce the lock-up period of its Digital Large Cap Fund. American digital assets giant Grayscale has obtained approval to become an SEC-reporting company for its Digital Large Cap Fund, composed of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic.
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