March 30 Daily report: Cosmos to enable cross-chain Defi, BTC Could Soon Rally To $60K, Nuvei launches support for 40 cryptos, Visa Starts Settling USDC Stablecoin and Uniswap Trading Volume Exploded by 450% to $7 Billion

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.

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.

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