Bitcoin held strong and then bounced back a little. It is now holding strong at $50,078 at the time of publication. This shows that the current market is fundamentally strong and can not be easily manipulated by a single person or a group of people.
After an eventful 13th of May, today has been pretty quiet. Let’s look into some of the major crypto news for today:
Polygon has always been about quality. Despite the protocol being on a big partnership spree, their support to the individual partners has continued to be Best In Class. 1inch Network, which was previously integrated into Polygon, is now expanding its scope to Curve, SushiSwap, QuickSwap, Aave V2, and Cometh liquidity sources. Polygon users will now have more liquidity options. This is also an instance of projects growing organically within the Polygon ecosystem.
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You asked for it, you got it! 😎
🔥 The #1inch Network expanded to #Polygon! 🔥
✅ The expansion provides 1inch users with access to multiple liquidity sources on Polygon such as @CurveFinance, @SushiSwap, @AaveAave, @MUSTCometh, and @QuickswapDEX.
— 1inch Network (@1inchNetwork) May 13, 2021
1inch co-founder Sergej Kunz says, “After the 1inch Network has expanded to Binance Smart Chain, there was a massive request from the community to make Polygon also available for swapping via 1inch. Currently, the 1inch Aggregation Protocol is already deployed on Polygon, while the 1inch Liquidity Protocol and the 1inch Governance Protocol are expected to expand over to Polygon in the upcoming few weeks.”
2. Crypto.com Continues to Invest Heavily in Sports
First it was multiple football clubs, then the Aston Martin Cognizant Formula One Team, followed by Lega Serie A, and now the 2021 IIHF Ice Hockey World Championship in Riga, Latvia. Crypto.com is partnering with some biggest sports institutions. Crypto.com will be the official cryptocurrency and NFT sponsor of the 2021 IIHF Ice Hockey World Championship in Riga. Moments from the sporting event will be immortalized in the form of NFTs, all available exclusively at Crypto.com/NFT.
In addition, Crypto.com will also sponsor the 2022 IIHF Ice Hockey World Championship in Finland.
🚨 Calling hockey fans 🏒https://t.co/vCNztATkNg is now the Official Cryptocurrency & NFT Sponsor of The IIHF Ice Hockey World Championship 🏆
🗓 Starting 21 May catch special #NFTs featuring the best moments from the games 🥅
Our joint release: https://t.co/leOQfqe6st pic.twitter.com/FSDdchagkc
— Crypto.com (@cryptocom) May 14, 2021
Crypto.com CEO Kris Marszalek says “We are proud to join renowned brands like Nike and Tissot in supporting the IIHF World Championships, watched by hundreds of millions of fans throughout Europe and North America. This is just the latest in a series of exciting sports partnerships where we bring together the best of blockchain technology and sport by co-creating NFTs sure to become instant classics and highly coveted collectibles.”
3. Crowny Partners With AscendEX
Crowny’s partnership with AscendEX becomes stronger. Crowny received an investment from AscendEX, and the token is also available in the AscendEX pre-staking program. AscendEX will now leverage Crowny’s loyalty program to incentivize users.
4. Cuba Shows Interest in Cryptocurrencies
In our last bit of crypto news for the day, Cuban government officials are now considering crypto investment as the solution to the country’s recent economic turmoil. The president of Cuba, Miguel Díaz Canel, recently discussed the possible benefits of crypto adoption. Cuba’s economy faces some severe challenges: an embargo by the United States, high debt, lack of membership in multinational groups like the IMF, and payment defaults.
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