In today’s crypto news, the meta-led stablecoin project Diem that came to a halt due to several reasons is being revived by the ex-meta coders. According to reports, the Aptos team is raising $200 million to revive the project and build it again with a different focus in mind. Read more on this crypto news below.
The Mirror protocol, built on the Terra blockchain faced one of the biggest financial collapses owing to the Russia-Ukraine crisis. However, it also bounced back by 40% after 2 days given the similar rise in the other coins across the crypto space. Read below to understand the impact of the Ukraine-Russia crisis on crypto investors.
Now the world’s most expensive NFT comes with a house free. The owner of this Hampton hall NFT also receives a house along with the digital version of the house and its blueprints. This NFT can also be hung on the digital picture frame of the real house available on its walls. Read more on this crypto news below.
Daily Crypto News Roundup!
Daily Crypto News Feb 28, 2022
Ex-Meta coders raising $200M to bring Diem back to life
A team of ex-coders having intimate knowledge about the Facebook-led initiative of the Libra stablecoin project is planning to bring the project back to life under a different name and with a different focus.
A new team that goes by the name of Aptos confirmed in a blog post in the past week that it is going to take another shot at bringing the Diem blockchain back. Aptos is also said to be raising $200 million at a valuation of $2 billion including some big venture capital firms in the crypto space such as Andreessen Horowitz.
Read: What is Celer Network (CELER). How to buy CELER in India
Source: CoinDesk
Terra’s Mirror Protocol MIR rebounds 40% after two days of record low
A decentralized finance (DeFi) protocol built on the Terra blockchain, the Mirror protocol suffered one of the biggest financial collapses in history after Russia’s president ordered military strikes on Ukraine.
MIR dropped to $0.993 on February 24, according to Cointelegraph, and rebounded to $1.41 two days later, which was more than 40% since the previous low. The recovery of MIR came in the wake of similar recoveries within the crypto space.
Read: NATO & Ukraine-Russia crisis: Impact on Crypto Investors
Source: Cointelegraph
The World’s most expensive NFT comes with a House Thrown In
This could be for the first time ever but now you can buy an NFT and get a house free. This house is not just a real physical house that you can live in but it also comes with a non-fungible token that contains the virtual version of the blueprint and property of the house.
The one who owns this Hampton Hall NFT in the future shall be able to download the house in the virtual world such as Decentraland or can even hang it on the digital picture frame available on the walls of the real house.
Read: How to buy Virtual land in Metaverse
Source: Aliens.com
Crypto Market Trend February 28, 2022
Here is a quick summary of the top crypto gainers and losers for the day.
Top 3 Crypto Gainers
| Cryptocurrency | Price (latest by February 28, 2022) | Change in % |
| Alpaca Finance (ALPACA) | ₹29.37 | 8.56% |
| Uniswap (UNI) | ₹745.42 | 7.46% |
| Filecoin (FIL) | ₹1603.39 | 7.38% |
*All prices are latest by 12 PM IST February 28,2022.*
Top 3 Crypto Losers
| Cryptocurrency | Price (Latest by February 28, 2022) | Change in % |
| Tezos (XTZ) | ₹243.18 | 9.74% |
| Fantom (FTM) | ₹123.87 | 9.22% |
| Harmony (ONE) | ₹11.06 | 7.50% |
*All prices are latest by 12 PM IST February 28,2022.*
