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Top Crypto News: 03/09 – Cryptocurrency News

3 min read
Top Crypto News: 03/09

After making a daily low of $46,691, Bitcoin is now trading at $54,089. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,804.

Let’s find out some interesting crypto news for today.

TomoChain | UrBox Partnership Exploring Vietnamese Market With TomoBox Digital Rewards and Loyalty Platform

TomoChain partnered with UrBox to invade the consumer market with diversified payment options. UrBox is a digital gifting and loyalty platform that empowers businesses with its reward and loyalty program. Recently, to provide a gift card redemption system to its users, TOMO has launched TomoBox, which is acceptable in various places, such as food, entertainment, and travel. The UrBox network features over 200 brands and over 10,000 online and offline stores in Vietnam. Hence, this partnership joins the gift cards market with blockchain, which expands blockchain usage in the day-to-day consumer market. Additionally, some of the leading brands utilizing TomoBox are The Coffee House, convenience store Circle K, Grab, cinema chain CGV, and many more.

Chiliz (CHZ) Soared Over 300% Within a Week and Surpassed $1 Billion Market Cap

The native token of the Socios.com sports blockchain platform, Chiliz (CHZ) has exploded over 300% in the past 7 days. At the time of publication, CHZ was trading close to $0.243497. Before that, it surged from $0.02244 to a high of $0.3095 since February. Moreover, the explosion in non-fungible tokens (NFTs) and its partnership with world-leading football team AC Milan to list their $ACM token on Binance helped fuel its market cap to over $1 billion. Notably, this listing generated over $6 million in revenue within a few hours. Additionally, the team has announced a series of partnerships in the past week and has further plans to expand operations within the United States.

As per technicals, if CHZ stays above $0.2497, then its next target is $0.350 and then $0.4346. However, if CHZ is unable to sustain current support and breaks below, then it can further drop to $0.1925 and $0.1386 levels.

Decentral Games | Atari Team up To Launch Atari Casino in Vegas City

Decentral Games taps Atari to launch the fully-custom Atari Casino. As per the tweet, users can also utilize MANA, DAI, and the newly added Atari Token (ATRI) to play games at Atari Casino. In addition, anyone can use these $DG tokens to purchase innovative NFTs from other marketplaces, such as the Atari Storefronts on Rarible and OpenSea. With this agreement, 88% of profits from Atari Casino will contribute to dgTreasury. This contribution would be utilized in adding new features and sharing added rewards with the community. Additionally, Atari will stake their newly swapped $DG in DAO Governance and participate in future development proposals of Decentral Games. Furthermore, this Atari Casino will begin within Vegas City in the month of May this year.

Standard Tokenization Protocol Attains Partial Stake in Piction Network To Boost Decentralized NFT Marketplace

Standard Tokenization Protocol (STP) has acquired a partial stake in Piction Network (PXL) to grow the NFT (non-fungible token) sector. Moreover, Piction Network is one of the top Korean digital content platforms, which encourages the issuance and trading of digital cartoons, dramas, movies, games, and others. As the NFT space is exploding nowadays, its demand has increased massively. Hence, this integration will generate a completely new segment for its users and community. Impressively, Piction has already tapped partnerships with Axie Infinity, Cross, and PICA and acquired Gallery Finance. In addition to this, STP will boost their NFT integrations and help to grow the decentralized NFT marketplace.

Taurus | Aave Protocol Integration To Bridge DeFi With End-To-End Digital Asset Infrastructure

In the last bit of crypto news for today, we have Taurus, the digital asset platform that has partnered with Aave for lending and borrowing. Taurus is specialized in digital assets and blockchain with an experienced team from diverse backgrounds. It offers high-grade infrastructure solutions for digital assets and other financial services to institutional clients. As per the tweet, Taurus will create bridges with the DeFi space and integrate Aave Protocol into its end-to-end digital asset infrastructure. Further, this will empower the institutional and banking clients by facilitating direct deposits and the ability to borrow a wide range of digital assets. In addition, Taurus linked Aave in both its custody – Taurus-PROTECT – and smart contract interaction and issuance – Taurus-CAPITAL – platforms. This will allow institutional clients to enjoy any of the Aave Protocol functionalities such as deposits, withdrawals, borrowing, AAVE token staking, and more.

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