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Daily Crypto News Jan 10, 2022: Top 3 crypto updates for today

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All the big fintech companies have already made their way to digital assets and currencies. PayPal also has confirmed the evidence of launching its stablecoin very soon. The coin goes by the name of PayPal coin and is being discussed by the in-house team of developers and crypto geeks. 

While all the big names are busy making their mark on the NFT sector, Andressen Horowitz, a leading venture capital firm has raised another $9 billion to support crypto and tech-related projects. These funds are to be utilized for venture, growth, and Bio funds. 

Are you ready for the first sports tournament in the metaverse? Ready or not Australian Open has announced its collaboration with Decentraland to conduct this year’s tournament on the digital platform. This will be a grant and a bigger experience for all the spectators out there. The visitors won’t just be able to watch tennis matches but also observe the main stadium and explore the nearby restaurants. Who knew 2022 would be the year for this remarkable metaverse experience. 

Quick Crypto News Roundup! 

 

Daily Crypto News  Jan 10, 2022

PayPal confirms its plans to explore the launch of a stablecoin

The American fintech giant, PayPal Holdings confirms its intent to launch a stable coin named after the company called PayPal coin. The development of this in-house stablecoin was discovered first within the source code of Paypal’s iPhone app developer Steve Moser. The evidence was confirmed by PayPal’s senior VP of crypto and digital currencies, Jose Fernandez da Ponte that the company is actually exploring a stablecoin. When they wish to move forward they shall definitely reach out to regulators. 

Read more in detail about PayPal coin

Source: Cointelegraph 

Leading VC Andreessen Horowitz raises $9 Billion

A leading venture capital firm, Andreessen Horowitz, and one of the prominent investors within the crypto space has raised another $9 billion for the further development of the industry. 

Andreessen Horowitz(a16z) invests in all sorts of crypto and tech-related projects. The reports confirm raising another set of billion dollars to invest through their venture, Bio funds, and Growth. The segregation of the same is as follows, $1.5 billion to go to the Bio fund, $5 billion shall be allocated to the Growth Fund, and $2.5 billion to the Venture fund. 

Read more in detail about what Andreessen Horowitz has in store for future crypto projects. 

Source: Cryptopotato

Australian Open joins Metaverse through Decentraland 

After all the big names entering into the NFT and metaverse sector, Australian Open (AO) has also decided to jump to that side of the cryptocurrency industry. It has teamed up with Decentraland to conduct this year’s tournament virtually. Not just that, fans will also be able to buy non-fungible tokens (NFTs) linked to live match data and participate in the same. 

After the surge in omicron cases in Australia, the organizers at AO have decided to give a grant and bigger access to both the local as well as international spectators who wish to attend the sports tournament in person. The entire tournament will be conducted in Decentraland. The visitors shall be able to observe  Rod Laver Arena, explore various restaurants and of course watch the tennis matches. 

Are you excited about the first-ever virtual sports tournament? Read more in detail about Australian open being conducted on decentraland. 

Source: Cryptopotato 

Crypto Market Trend January 10, 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 10, 2022)  Change in % 
ZCash (ZEC) ₹11679.50 7.25%
Terra (LUNA) ₹5880.81 6.2%
Avalanche (AVAX) ₹7248.05 5.87%

*Prices are latest by 11:30 AM January 10,2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 10,  2022)  Change in % 
Harmony (ONE) ₹23.55 7.94%
Polymath (POLY) ₹39.62 4.98%
Curve (CRV) ₹362.66 3.84%

*Prices are latest by 11:30 AM January 10,2022.*

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