Top 5 Crypto News: 01/25 – Cryptocurrency News

Top 5 Crypto News: 01/25

After the consolidation, Bitcoin is trading close to $31,600. Encouragingly, Ethereum surpassed its all-time high, hitting $1,459.93, but has now dropped back to $1,303.47.

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

Matic Network | Royale Finance | Bondly Join Together To Launch DeFi-Specific NFTs

Matic Network, Royale Finance, and Bondly joined together to merge DeFi with NFTs. As per the tweet, together they will promote the growth of the gaming industry with DeFi-specific NFTs and other technologies as the newest members of the DeFi Gaming Coalition.

Plutus Launched the World’s First DeFi Card With Crypto Cashback for Users

Plutus launched the world’s first DeFi card. This card boasts some cool features such as users can convert crypto into fiat balance without any third party. Additionally, users will also get 3% cashback in crypto.

PAID Network | Polkastarter Partnership Launched Initial Dex Offering (IDO)

PAID Network launched their Initial Dex Offering (IDO) on Polkastarter today. Additionally, this IDO has two pools: one for $POLS token holders and another public pool for non-POLS token holders. Furthermore, this project will help to lower down the investors’ risk.

A total of 73,107 people applied for the IDO, and PAID Network confirmed 700 whitelisters. From that amount, 350 people were approved after their KYC information was verified. 259 whitelisters participated in the IDO, which was fully subscribed in just three minutes.

Chengdu Becomes Pilot City To Test China’s Central Bank Digital Currency With a Mobile Application

Chengdu will become one of the first pilot cities to test China’s central bank digital currency (CBDC). According to the news, users can register through their mobile numbers and use this digital currency after January 27.

The World Economic Forum To Address the Emergence of Central Bank Digital Currencies

As CBDCs are in the news nowadays and many countries are testing their own digital currency, the forum will discuss the emergence of central bank digital currencies (CBDCs).

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