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Daily Crypto News Jan 29, 2022: Top 3 crypto updates for today

Crypto News

The crypto space has some of the other news to share with the world every other day. In today’s crypto news we see a new merger for the metaverse space. According to reports, The sandbox has partnered with Warner Music Group for a musical metaverse. According to this crypto news, it is the first time the entertainment company is venturing into the world of NFTs and metaverse. 

Although Ethereum’s merger to proof-of-stake has been delayed it has set a new ATH for its hash rate. What is this crypto news significant? Because the higher the hash rate, the greater the number of nodes being added, the more the decentralization and better the security. The hash rate of Ethereum has surpassed 1.11 PH/s. More on this crypto news is below. 

It’s a Hay day for Internet Computer as the first decentralized exchange (DEX) went live on its network this week. Reports suggest that there are two more exchanges in line to be launched. Read more on this detail below.  

Quick Crypto News Roundup!

Daily Crypto News  Jan 29, 2022

The Sandbox partners with Warner for Musical Metaverse

The Sandbox is in preparation to introduce a music-themed virtual world and is in talks with Warner Music Group for the same. In the announcement made on January 27, the team confirmed that it is the first time Warner is venturing into the world of NFTs and Metaverse. 

In addition to this, The Sandbox also mentioned the ESTATE that has been acquired by Warner Music group that shall act as the portal for the artists to make their appearance on the Metaverse. The entertainment company also confirmed the news and stated that it is looking up to all the possibilities that it can come across with this partnership. 

Read: Top 10 metaverse crypto by market capitalization in 2022.

Source: Cryptopotatao 

Ethereum Hash rate scores new ATH as PoS migration underway

In the past years, Ethereum has significantly increased its value to the point that it also surpassed Bitcoin (BTC) in terms of returns. Mining on the ethereum network is more lucrative due to this rise in its value. This perhaps has added to an additional number of miners in expanding the network’s hash rate. 

According to data from the glass node, the hash rate has significantly increased of record levels 1.11 PH/s. The increase in hash rate is indicative of more nodes joining the network thus making it more decentralized. This increase works in favor of the security of the blockchain network. This also improves the transaction speed of the blockchain network. The Arrow Glacier upgrade that was introduced in December 2021 delayed the merger to proof-of-stake implying that ethereum mining still has a long way to go before it completely comes to an end. Are you an ethereum miner? This crypto news can surely help you to get better and earn better. 

Source: Cointelegraph

First DEX on Internet Computer launches other to joins super soon 

The first decentralized exchange on the Internet Computer blockchain went live this week after the release of the new white paper. According to reports, there are two more exchanges in work ready to be launched super soon. 

The new DEX is called Sonic. Users can earn rewards by providing liquidity and currently, there are only three pools for a token swap that uses its native token ICP. According to the statements released by Dfinity head of communications, Michael Less, Sonic comes with a goal to redefine decentralized finance (DeFi). Sonic runs completely on the Internet Computer’s blockchain that requires no gas fees and also has sub-one-second transaction finality. 

Source: Cointelegraph 

Crypto Market Trend January 29, 2022

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by January 29, 2022)  Change in % 
STP Network (STPT) ₹6.07 11.09%
Ravencoin (RVN) ₹5.91 8.56%
Civic (CVC) ₹21.08 8.18%

*Prices are latest by 12 PM January 29, 2022. *

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 29,  2022)  Change in % 
Terra (LUNA) ₹4149.48 5.15%
Helium (HNT) ₹2228.86 3.64%
Axie Infinity (AXS) ₹3779.74 2.6%

*Prices are latest by 12 PM January 29, 2022. *

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