After Bitcoin hit a daily high of $ 43,911, Bitcoin is now trying to maintain the $ 42,000 support, trading at $ 42,344. Meanwhile, the second largest cryptocurrency, Ethereum, is trading at just under $ 2,952.
Let’s dive deep into some interesting Crypto News stories from September 28th.
1- Facebook has provided a $ 50 million investment fund for its development of Virtual Metaverse
According to an official announcement, Facebook has allocated an allocated $ 50 million Mutual funds to develop his virtual metaverse. This investment will be used over the next two years through the XR programs and the research fund.
As mentioned earlier, the team would work with government and industry experts to work on issues and opportunities in the metaverse. This metaverse will enable people to interact with each other, with digital objects and the physical world through their avatar in a virtual environment.
Additionally, Facebook has partnered with several universities and nonprofits such as the University of Hong Kong, Women In Immersive Tech, and others to use this metaverse ethically.
Responsible creation of the metaverse
2- Fantom | Working with Iron Bank to create CBDC for the Republic of Tajikistan
Fantom Foundation, in collaboration with OJSC Orientbank declared that it would build a digital central bank currency (CBDC) for the Republic of Tajikistan. In addition, Fantom is fast, scalable, and customizable with near-zero transaction finality, making it ideal for DeFi and real world applications.
According to an official report, this coalition is helping the National Bank of Tajikistan and Orienbank use Fantom’s technology to digitize the Tajik somoni for personal and commercial payments. In addition, the platform will integrate Andre Cronje’s Iron Bank protocol for seamless, cost-effective currency exchange. Additionally, Fantom’s easy-to-use CBDC would encourage governments to use the national digital currency.
We are very excited to announce that Fantom will partner with OJSC Orienbank to test a CBDC for Tajikistan.
The solution will also use the @AndreCronjeTech Iron Bank protocol for seamless, low-cost currency exchange. Https://t.co/NFVCG84EJB
– Fantom Foundation (@FantomFDN) September 27, 2021
3- Cryption Network launched Enhanced Gasless, Instant Cross-Chain AMM DEX
Cryption Network announced the introduction of an improved decentralized exchange. According to the Tweet, users can now enjoy a completely gasless, instant, cross-chain AMM DEX with yield farming.
Cryption Network is a Defi product that seeks to offer user-friendly products and to help retail investors be part of the mass adoption of crypto. Cryption addresses the complexities of crypto and the DeFi space, high gas charges and scalability.
On the other hand, the team also unveiled its new crop farming program to leverage the cross-chain interoperability of PolyDEX.
After months of development, we present you a completely new #decentralized exchange: @Polydex_
A completely gasless, instant, cross-chain AMM DEX with high yield farming is here!
Join us https://t.co/tYyNQH47GU pic.twitter.com/zq85hNluMf
– Cryption Network (@CryptionNetwork) July 28, 2021
4- Unbound Finance’s sandbox mainnet is now live on Ethereum
Unbound Finance announced on Ethereum mainnet. This sandbox mainnet launch would allow liquidity providers on Ethereum-based AMMs to leverage their LPTs to get higher returns on their DeFi investments.
According to the announcement, this would help create the first decentralized, cross-chain stablecoin $ AND. In order to release the fully functional mainnet, the team would first restrict the TVL and AND imprint.
Also, the project will increase liquidity by adding a greater number of pools backed by multiple Ethereum-based AMMs and removing the AND coinage restriction. In particular, Unbound Finance is a no-custody protocol that aims to free up liquidity that allows users to multiply their revenues by securing their LPTs.
The unbound sandbox mainnet is now live on Ethereum.
Details: https://t.co/r9bAzoHqRx pic.twitter.com/vwXBhcE0jZ
– Unbound (@unboundfinance) September 28, 2021
5- LABS Group launched LABS Academy to train new crypto users
In the last Crypto News for today we introduce the LABS Group LABS Academy. According to the tweet, this academy intends to train the new users with basic crypto skills like blockchain, NFT and real estate.
According to the announcement, the community will have access to the latest crowdfunding projects. In addition, the team plans to invite guest speakers and blockchain experts to the LABS Academy. The LABS Group enables a consistent blockchain-based real estate investment ecosystem. Therefore, this Academy launch will attract new users to the LABS platform.
The course is now taking place with the brand new $ LABS Academy! 
Let’s learn all about #cryptocurrency, #blockchain, #NFT, #real estate and a lot more!
Read the full details here, the full lesson plan follows in brief https://t.co/jSTXnJ9H3T
– LABS Group (@labsgroupio) September 27, 2021
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source https://www.bisayanews.com/2021/09/28/top%e2%80%8c%e2%80%8c-%e2%80%8c%e2%80%8ccrypto%e2%80%8c%e2%80%8c-%e2%80%8c%e2%80%8cnews-%e2%80%8c%e2%80%8c-%e2%80%8c%e2%80%8c09-28-cryptocurrency-news/
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