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Daily Crypto News Jan 21, 2022: Top 3 crypto updates for today

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In today’s Crypto News, Google is ready to set a new unit for its Blockchain and distributed ledger technologies. The team shall be led by Google’s Engineering Vice president, Shivakumar Venkataraman. The company is all decked up to wet its feet in the sea of blockchain and distributed computing technology. 

Andreessen Horowitz, a $30 billion worth investment firm has raised another /44.5 billion in funds to help crypto companies in their initial development phase. These funds come after it raised another $3.5 billion a few weeks back for its cryptocurrency ventures. 

A Solana-based move-to-earn NFT gaming startup, STEPN has raised $5 million in SAFT sales. These funds are to refine the existing product and expand the current team of 30. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 21, 2022

Google to set up Blockchain & Distributed Computing Division

Alphabet Inc, the parent company of Google announced that it is ready to venture into the blockchain space by forming a new group solely dedicated to creating distributed ledger technology. This group shall be led by the Vice president of Google’s engineering team, Shivakumar Venkataraman. This new unit focuses on the next-gen distributed computing and data storage technologies apart from the blockchain. Although there was no mention of any developments related to Metaverse experts assume that the company might as well involve itself with it to keep up with its rival Meta. 

Read more in detail about Google’s new blockchain and distributed ledger division. 

Source: Beincrypto

$30 Billion Venture fund to Invest $4.5Billion in Crypto 

Andreessen Horowitz, with almost $30 billion assets under its management is getting ready to raise another $4.5 billion for a new group of cryptocurrency funds. The main goal is to double the amount raised previously as the market continues to grow. 

A few weeks back, the venture capital firm had raised an additional $3.5 billion for the latest cryptocurrency fund. The second fund shall be utilized for investment in crypto startups and projects seeking investments in the initial phase. 

Read more in detail about Andreessen Horowitz raising $4.5 billion funds as the market continues to grow. 

Source: U today 

Solana based startup STEPN raised $5 million in SAFT sale 

STEPN, a move-to-earn NFT gaming startup based on Solana has raised $5 million in seed funding. This platform rewards users for exercising. The fundraiser was led by Sequoia Capital India and Folius Ventures while other participants in the same were Alameda Research, Sfermion, 6th Man Ventures, etc. The round was also backed by angel investors such as Santiago Santos, Zhen Cao, Asia partner of Republic. 

 

This was the first fundraiser by STEPN and it was realized with a simple agreement for the future tokens (SAFT) sale as stated by the founder Yawn Rong to a designated crypto magazine. The funding is to help the team expand and refine the existing product. 

Read more in detail about STEPN raising $5 million funds for its move-to-earn NFT startup. 

Source: The block

Crypto Market Trend January 21, 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 21, 2022)  Change in % 
TerraUSD (UST) ₹80.93 1.28%
Binance USD (BUSD) ₹80.86 1.21%
USD Coin (USDC) ₹80.86 1.2%

*Prices are latest by 12 PM January 21, 20222.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by January 21,  2022)  Change in % 
Loopring (LRC) ₹80.86 13.25%
The Sandbox (SAND) ₹301.73 11.57%
Algorand (ALGO) ₹90.29 11.38%

*Prices are latest by 12 PM January 21, 20222.*

Additional Reads: Top 10 Altcoins to watch out in 2022

Additional Reads: BTC Vs Doge: Comparative analysis 

 

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