Cosmos launches Inter-Blockchain Communication to enable cross-chain Defi

Cosmos is now building a cross-chain DEX for IBC-enabled blockchains, dubbed Gravity. The self-described “Internet of blockchains,” Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains.

BTC Could Soon Rally To $60K

Bitcoin price extended its rise above the $58,000 resistance against the US Dollar. BTC is now correcting gains, but it is likely to remain well bid near $56,750 and $56,500. The pair is likely to find a strong buying interest near the $56,500 support zone in the near term.

Uniswap Trading Volume

Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE

Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH).

Visa Starts Settling USDC Stablecoin Payments on the Ethereum Blockchain

Payments giant Visa has announced it is now settling payments in the USDC stable coin on the Ethereum blockchain, becoming the first major payments network to use a stable coin as a settlement currency. According to Business Insider, Visa piloted the USDC payment option via cryptocurrency exchange Crypto.com. 

Uniswap Trading Volume Exploded by 450% to $7 Billion

A new Defi project called Delta launched on Uniswap. Its rebasing system has made trading volume on the decentralized exchange appear higher than normal. Uniswap Trading volume on decentralized exchange has jumped 450% over the last 24 hours. Total volume, per statistics on Uniswap.info, is $7.17 billion, compared to $1.6 billion yesterday.

  • eSIM and Virtual Phone Numbers: What Crypto Businesses Need to Know
    For a crypto business operating across several countries, a phone number can be part of customer support, account verification, login security, and transaction alerts. The challenge grows when employees and customers are spread across different markets. Physical SIM cards are not always practical. A remote employee may need mobile service while travelling, while a support…
  • Is the iPhone Fold Going to Be Unfit for Gamers?
    Foldable screens sound great until you sit down to play something fast-paced on a 7.8-inch display that has a soft valley running straight down its center. Apple might be spending billions attempting to refine Samsung’s dual-layer ultra-thin glass technology, but with trial production stalling over high-frequency hinge tests in supply factories, the gamers of the…
  • Should Crypto Businesses Use a Multi-Cloud Strategy?
    For a crypto exchange operating on a single cloud provider, an infrastructure failure can quickly become a platform-wide problem. If the entire trading environment depends on one provider or availability zone, an outage can disrupt critical services and affect users in real time. That’s the uncomfortable truth behind the multi-cloud question. It’s not really about…
  • Launching a Crypto Casino – Why Businesses Choose Turnkey Solutions
    The introduction of digital currencies has forever changed the online gambling landscape. Operators were the first to see that the world of finances is changing, and more people are aware of the importance blockchain has from the consumer’s standpoint. With digital coins, they no longer have problems with a chance of being blocked on the…
  • Why Stablecoins Make Sense for Digital Entertainment Payments
    Stablecoins make more sense in entertainment than readers first assume. In trading, price movement is part of the attraction. In payments, for short digital sessions, it is usually friction. A user topping up for a few rounds of play, a timed contest, or another quick activity usually wants the transfer side to feel boring in…