Top Crypto News: 09/21 – Cryptocurrency News

After a daily low of $ 40,768, Bitcoin is now trading at $ 42,220. Meanwhile, the second largest cryptocurrency, Ethereum, is trading at nearly $ 2,875

Let’s go over some interesting crypto news for the day in detail.

1 – Crypto.com insurance provides protection for up to $ 750 million worth of digital assets

Crypto.com has announced that it will expand its insurance policy to up to $ 750 million Value of digital assets. This increased coverage has been in effect since September 6th and is managed by Arch Underwriting at Lloyd’s Syndicate 2012.

In particular, this policy includes both direct and indirect custodian coverage applicable to Crypto.com’s cold storage facilities held in Ledger Vault. What is impressive is that this policy is the largest coverage that Crypto.com has secured. As a result, over 10 million users are protected against physical harm, destruction, third party theft, and more.

We’re excited to announce that we’ve increased our coverage to $ 750 million, the largest policy program in the industry. The most secure cryptocurrency platform just got safer.

Details here – https://t.co/5VR46byWq5 pic.twitter.com/D1o7druJad

– Crypto.com (@cryptocom) September 20, 2021

2 – Injective Protocol Set to launch its Canonical Chain Mainnet

Injective Protocol is ready to take its Canonical chain Main network. In addition, the Canonical Chain is the full version of the Injective Chain mainnet without any form of deposit or trading restrictions.

As the tweet suggests, the project will go through significant product upgrades and releases prior to the major release of the Canonical Chain. These upgrades include integration with decentralized Oracle providers such as Band Protocol or Chainlink OCR to provide secure price feeds. Second, the team would add more institutional liquidity providers to the Injective Exchange. This improves the stability and performance of the injective API.

In particular, the official introduction of this canonical chain will take place in late October or early November this year. This will be the first fully decentralized cross-chain spot and derivatives exchange protocol.

An overview of the release of the Mainnet Canonical Chain is now ready!

Thank you to the larger Injective community for working together in this endeavor. It is recommended that everyone read the article to understand the next steps on the road to Canonical Mainnet https: //t.co/p4WtKAGHo

– Injective (@InjectiveLabs) September 20, 2021

3 – GameFi | My Defi Pet Collaboration to introduce lifestyle-based pet games to its NFT marketplace

My Defi Pet announced its partnership with the Gaming Finance Hub GameFi. With this coalition, My Defi Pet’s native token ($ DPET) will have the option to sell a mysterious box on GameFi at the time the feature starts.

In addition, My DeFi Pet will support the implementation of a system similar to a scholarship for DPET players on GameFi. In return, GameFi will endorse and promote My DeFi Pet when $ DPET sells NFTs or opens an NFT staking pool. Additionally, these NFTs will be added to GameFi’s marketplace to attract more gamers and investors.

#GameFi is proud to announce the collaboration with a lifestyle-based pet game on blockchain, @MyDeFiPet

Find out more at https: //t.co/GMSBK9jAMe#GameFi $ GAFI

– GameFi (@GameFi_Official) September 20, 2021

4 – Xend Finance | Polygon | Huobi Collaboration starts at HECO & Polygon Chains

In the final top crypto news for today, we have Xend Finance announce that it will go live Polygon and Huobi eco chains. Polygon is known as Ethereum’s Internet of Blockchains, which builds and connects Ethereum-compatible networks. Meanwhile, HECO is a decentralized and cost-efficient public chain where developers can easily draft smart contracts that are seamlessly compatible.

As mentioned earlier, this integration with the Polygon and HECO chains gives members of the $ XEND community the opportunity to explore a multi-chain support ecosystem. To facilitate this multi-chain integration, the project will use the leading cross-chain protocol called Anyswap Bridge. In addition, the team will roll out the automatic yield aggregator and xVault on Polygon. In addition to this, this would also help the users to access the Binance Smart Chain and the Ethereum chain. In addition, users can also earn rewards in $ XEND with high-speed transactions at low cost.

1 / We are very proud to announce that Xend Finance is now live on @ 0xPolygon and @HECO_Chain

Smart contract addresses:
HECO: https://t.co/nzwejgykVD
Polygon: https://t.co/JoNU1MpykK

Read more: https://t.co/kT5lZbrjvf

– Xend Finance (@xendfinance) September 20, 2021

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source https://www.bisayanews.com/2021/09/22/top-crypto-news-09-21-cryptocurrency-news/