Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Partnership
Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp
Majuro, Marshall Islands, May 23rd, 2024, Chainwire Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum. The partnership between Multipool and Mobilum will enable users to onboard onto cryptocurrencies without involving a centralized exchange. “Centralized exchanges are on their way out, we’re thrilled to give users another option, without intrusive roadblocks to their DeFi lifestyle. This partnership offers a long list of benefits for both parties, with a truly DeFi onboard as the…
1 year ago
Chainlink Labs and Arta TechFin to Conquer $16 Trillion Tokenization Market in Strategic Partnership – Can it Propel LINK Price to $20?
Chainlink Labs has expanded its partnership with Arta TechFin to include the issuance of stablecoins and real estate tokens as the race to dominate the $16 trillion tokenization market continues. The two will release a market standard for originating, distributing and custodying tokenized assets across different blockchains in Hong Kong and beyond. Tokenization is emerging as the prime market for blockchain interruption, and several blockchain networks are racing to dominate the market, which studies claim will be worth $16 trillion…
1 year ago
Ripple and EVMOS Enter Partnership to Construct XRP Ledger EVM Sidechain”
Ripple and Peersyst are developing the XRP Ledger EVM sidechain, which is currently in DevNet, using evmOS, a modular tech stack built on the Cosmos SDK. XRPL joins the interchain, an ecosystem of over 90 interconnected blockchains and gains access to all Cosmos SDK chains, opening up access to hundreds of apps for XRP holders. Interoperability will be one of the critical factors that will determine the success of any blockchain network in the future; in this regard, the XRP…
1 year ago
Reddit Shares Soar on News of OpenAI Data-Sharing Partnership
Reddit shares investors have been left ablaze after Reddit stocks rose by 11% in after-hours trading following its data-sharing partnership with Open AI Despite the legal hiccup on AI firms, Reddit seems focused on using AI to boost user engagement in the platform Reddit stocks surged following the announcement of the trailblazing data-sharing partnership with Open AI. This strategic partnership leaves both parties at a profitable juncture. While Open AI will showcase and gain access to Reddit information for better…
1 year ago
Fan Token Provider Chiliz Expands Partnership With Atlético de Madrid To Boost Fan Engagement
Image: Chiliz x Atlético de Madrid The augmented collaboration will see Atlético de Madrid integrate the Fan Tokens into its digital ecosystem. Blockchain provider for sports and entertainment Chiliz expands its partnership with La Liga side Atlético de Madrid to strengthen the club’s fan token. The renewed partnership aims to welcome more Atlético de Madrid Fan Token holders by offering the fans more capabilities and rewards via a novel integration of the Fan Token with the football club’s digital ecosystem.…
1 year ago
io.net Enters Strategic Partnership With Aethir To Expand Its Decentralized Computing Infrastracture
The partnership will see over 300 powerful NVIDIA GPUs deployed on io.net with a target of over a thousand set by the end of May this year. Decentralized computing provider io.net announced a partnership with Aethir, a leading enterprise-grade AI-focused GPU-as-a-service provider, to expand its GPU infrastructure and the overall computing capacity across its network. According to the team, the partnership marks a “pivotal” moment in io.net’s quest to become a global force in providing decentralized computing services as well…
1 year ago
Tórónet Taps Partnership With NexeraID to Advance Digital Transaction Security in Africa
African-inclined Layer-1 blockchain Tórónet has partnered with NexeralID. The alliance aims to bolster user compliance with KYC solutions using NexeralID’s technology. Tórónet, Africa’s first Layer-1 blockchain developed for underserved markets, announced a strategic partnership with NexeraID to improve digital transaction security in Africa. This partnership marks a breakthrough for Africa, establishing new standards for secure and convenient financial transactions. Tórónet to Integrate KYC Protocols As revealed in a press release shared with Crypto News Flash, a key feature of this…
1 year ago
PayPal Partnership Propels Shiba Inu: MoonPay Integration Signals Surge
PayPal’s integration with MoonPay facilitates direct purchases of cryptocurrencies like Shiba Inu in the U.S. This partnership enhances user convenience by allowing transactions directly through PayPal, expanding access to over 110 different tokens. Following the May 5, 2024, update from CNF, PayPal has strategically partnered with MoonPay, significantly enhancing its cryptocurrency offerings. This collaboration allows U.S. users to seamlessly purchase Shiba Inu (SHIB) and other prominent cryptocurrencies directly through PayPal, marking a significant milestone in digital currency accessibility. Seamless Integration…
1 year ago
Tether Implements USDT Surveillance in Partnership with Chainalysis
Tether partners with Chainalysis to implement a comprehensive surveillance system that monitors USDT transactions on secondary markets to improve security and compliance. Strengthening Surveillance Tether, the issuer of the largest stablecoin USDT, has announced a collaboration with blockchain surveillance company Chainalysis to monitor transactions involving its tokens on secondary markets. This initiative aims to develop a customizable solution to monitor secondary market activity. According to Tether CEO Paolo Ardoino, the collaboration with Chainalysis is a pivotal step in Tether's commitment…
1 year ago