CoinDCX News, Crypto News Global

Daily Crypto News Feb 17, 2022: Top 3 crypto updates

Crypto News

In today’s Crypto news, Businesses and organizations no longer have to worry if the Metaverse is real and here to stay. It is the future. The New York Stock Exchange (NYSE), and other brands have entered the metaverse universe by filing a metaverse trademark for trading NFTs. What does this mean? Find out below.

Even though the price of Ether (ETH) reached two new all-time highs in 2021, growth in the addition of new addresses wasn’t strongly interrelated with price surges. 18.36 million new addresses have entered the network. But, the proportion of active addresses has decreased. Read more on this crypto news below.

JPMorgan Chase & Co. also took a significant step into the metaverse, launching a virtual lounge in the popular blockchain-based realm, Decentraland. A report from the company states that the average price of virtual land increased from $6,000 to $12,000 in just six months last year. More insights on the Decentraland realm below.

 

Quick Crypto News Roundup!

 

Daily Crypto News  Feb 17, 2022

NYSE Files A Metaverse Trademark For Trading NFTs

The term “metaverse” was first adopted by IT companies to refer to an online virtual world centered on social interaction. However, more businesses and organizations are ideating strategies to join and embrace the Metaverse world. Here are a few examples.

The New York Stock Exchange (NYSE) applied to register the term “NYSE” for a variety of crypto and financial products and services, including downloadable virtual goods, and non-fungible tokens (NFTs). 

Meanwhile, Victoria’s Secret, the American fashion and lingerie business, has filed 4 patent applications for digital collectibles and media created with blockchain technology, as well as online clothing and media for use in virtual worlds. McDonald’s also filed a total of 12 trademarks relating to virtual restaurants, symbols, cafés, and other virtual services.

Read: How to Buy NFTs? A Step by Step guide

Source: Finbold

 

18.36M Ethereum Addresses Joined In 2021

Ethereum addresses have been steadily increasing since last year, according to blockchain analytics firm IntoTheBlock, although daily transaction volumes and the number of whales on-chain are falling.

The Ethereum network gained 18.36 million addresses, equating to a monthly growth rate of 1.53 million new addresses. However, active addresses accounted for 1.05 percent of all addresses on Jan 01, 2021, peaked at 1.66 percent on April 25, 2021, and have since fallen to 0.86 percent as of Feb 15, 2022.

According to Ethereum statistics aggregator Ycharts, the average daily amount of transactions held steady at around 1.2 million since the middle of December. High gas rates, as well as cheaper and frequently faster sidechains and Layer-2 solutions on Ethereum, could all be the reason.

Read: Top Ethereum Blockchain Tokens and Applications 

Source: CoinTelegraph

 

JPMorgan Enters the Metaverse With Virtual Decentraland Lounge 

The “Onyx lounge,” a JPMorgan virtual lounge, was unveiled alongside a report in Decentraland, a popular blockchain-based world. The report outlined metaverse-related growth potential for businesses and reasons for the bank’s “explosive interest”.

It stated that the metaverse has a $1 trillion annual revenue opportunity as creators use Web3 to monetize their work in new ways, and in-game advertising spending is expected to reach $18.4 billion by 2027. PWC, Walmart, Nike, Verizon, Gap, Adidas, Hulu, and Atari are among the early users and investors in the blockchain economy, according to the bank.

Read: Is Decentraland(MANA) a Good Investment? Take Deep Dive into MANA coin

Source: Blockworks

 

Crypto Market Trend February 17, 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 17, 2022)  Change in % 
Dash (DASH) ₹9168.15 9.56%
Cosmos (ATOM) ₹2386.86 7.68%
THORChain (RUNE) ₹355.30 4.76%

*All prices are latest by 11 AM February 17, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by February 17,  2022)  Change in % 
IoTeX (IOTX) ₹7.25 4.93%
Theta Token (THETA) ₹296.17 4.69%
Gala (GALA) ₹25.58 4.29%

*All prices are latest by 11 AM February 17, 2022.*

Share this Story

Check Also

Top Crypto News: New On-Chain Governance Token from Polkadot!

One of the top 10 crypto assets is coming up with a new On-Chain governance token from DOT! The Gov2 will allow anyone to start a referendum!

GET ALL LATEST UPDATES ON YOUR EMAIL