DeFI News by Thebittimes.Com

The Chainlink (LINK) cryptocurrency is up big following its announcement of a new partnership with credit card provider Mastercard. The two are partnering to enable Mastercard cardholders to purchase cryptocurrency directly on-chain. The two companies shared the announcement on Tuesday morning, signaling a “major step forward in the mainstream adoption of Web3.” Since the announcement, LINK has climbed nearly 20%, showcasing interest in Chainlink’s big move. At press time, the asset is up 3% in the past week after a brief slide in mid-June. LINK’s trading volume is down to $397.12 million as transactions begin to slow, likely meaning investors are awaiting a point where Chainlink’s price goes up or down. The cryptocurrency currently sits at $13, reclaiming that mark after a stint around $12. As adoption of crypto assets continues to grow, collaborations like the one between Mastercard and Chainlink are helping drive a new wave of users that bridge the gap between crypt...

Toncoin (TON) is experiencing strong buying pressure, surging over 15% as investors react to news of a partnership between xAI and Telegram. At press time, TON was trading at $3.47, up 15.65% in the last 24 hours. On the weekly chart, the token has gained nearly 12%. Meanwhile, Toncoin’s market cap has climbed to $8.68 billion, up from $7.45 billion just 24 hours earlier. TON one-day price chart. Source: Finbold The renewed momentum comes after xAI, the artificial intelligence (AI) company founded by Elon Musk, announced a partnership to integrate its Grok chatbot into the Telegram messaging platform. The one-year agreement between xAI and Telegram marks a significant step for both companies. Under the deal, Telegram will receive $300 million in a mix of cash and equity, along with 50% of all revenue from xAI subscriptions sold through the platform. How Grok in Telegram will operate  Grok will be fully embedded in Telegram’s apps and accessible dire...

Circle’s USDC is the world’s second largest US dollar stablecoin, currently with one-third of Tether’s USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world’s largest crypto exchange, Binance. On December 11, Circle’s CEO, Jeremy Allaire, and Binance’s CEO, Richard Teng, announced the partnership at Abu Dhabi Finance Week. As communicated, Binance will adopt USDC for its US dollar corporate treasury and integrate USDC with its products and services. “Circle is without a doubt one of the most trusted and innovative companies in the digital asset ecosystem, and USDC is one of the preeminent products in the world. Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.” – Richard Teng, Binance CEO ...

The International Federation of Association Football (FIFA) has partnered with Mythical Games to create FIFA Rivals, a new Web3 mobile game officially licensed by the global sports organization. FIFA and Mythical Games have integrated Mythos Chain, a renowned blockchain network created exclusively for gaming, to power their new non-fungible token-based game. Today, we announced a groundbreaking partnership with @FIFAcom! 🎉 Together, we are launching @FIFARivals, an officially licensed football mobile game scheduled for release on iOS and Android. Are you ready? ⚽ https://t.co/MymoLx8vTU pic.twitter.com/MNraVOKogM — Mythical Games (@playmythical) November 22, 2024 FIFA Taps Mythical Games To Launch An NFT Game In a November 22 blog post, Mythical Games confirmed that they have partnered with FIFA to launch a new non-fungible token mobile game, FIFA Rival. This game will be a free-to-play game launched on iOS and Android in the summer of 2025. Nonetheless, the ...

Sonic SVM, a Solana (SOL)-based Layer-2 (L2) platform, has partnered up with Solayer to increase rewards for Solana delegators, while Adrastea, a new partner in the ecosystem, is introducing liquid restaking on Solana, as reported to Finbold on Friday, November 1.  The collaboration comes just after the news of Sonic SVM surpassing $50 million in SOL delegations as Solayer’s largest Actively Validated Service (AVS). Chris Zhu, chief executive officer (CEO) of Sonic SVM, remarked on the partnership: Picks for you Tether now holds more US Treasury bonds than Germany, Australia, and UAE 2 hours ago SingularityDAO community votes in favor of merging with Cogito Finance and SelfKey 2 hours ago ...

Bitget has announced the unveiling of a new Messi film as it celebrates the second year of its partnership with the Argentina soccer star. The exchange will run a $20,000 promotion for its users to mark the film’s launch and undertake football events in LATAM, SEA and Turkey. Bitget has today unveiled a new film about Argentina football star Lionel Messi. In a press release, Bitget said the new Messi film kicks off the exchange and the soccer legend’s second-year partnership . The campaign continues the #MakeItCount theme and aims at inspiring the global community towards pushing beyond limits and seizing on opportunities. #MakeItCount 2024 showcases Messi’s determination and will to overcome adversity, tracing his rise from childhood to stardom as an FC Barcelona star.  Bitget’s #MakeItCount Campaign 2024 Regarded as the GOAT in the football world, Messi won the World Cup with Argentina in 2022. He signed a partnership with B...

Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies.  Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure. #dtcpay is proud to be joining forces with @PlatON_Network , a privacy-preserving digital public infrastructure provider, and @allinpayintl , a globally recognized #Fintech #payments solution. Read the full announcement here: https://t.co/Aqcyd19HRO #Web3 #Crypto — dtcpay (@dtc_pay) November 9, 2023 The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).  Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering st...