In today’s crypto news, Phantom Wallet, a Solana-focused wallet, has announced a partnership with 1Password, a renowned password management application, to make accessing the crypto wallet a little easier. Learn what this integration means below.
Rocket Pool has quickly risen to become the second-largest Eth2 liquid-staking platform, exceeding the growth of other competitors. Except for the sector’s leader, Lido, which enabled staking in December 2020. Read more on this crypto news below.
BitsCrunch, a company that analyzes the crypto and nonfungible token (NFT) ecosystems, has raised $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. Read more on this crypto news below.
Quick Crypto News Roundup!
Daily Crypto News Feb 26, 2022
Solana’s Crypto Wallet Phantom Integrates Password Manager 1Password
Phantom, a Solana-focused wallet, will soon allow its users to store their wallet credentials, including private keys, in 1Password, the password manager application. Instead of having to manage long login credentials made up of sequences of letters, digits, and phrases.
According to Jeff Shiner, CEO of 1Password, the partnership between Phantom and 1Password would “reduce the barrier to entry for individuals eager to safely acquire and trade digital assets through a platform they know and trust,” while also “simplifying access to crypto for existing investors.”
Read: What are digital assets?
Rocket Pool Draws 1% of Ethereum’s Validators in 3 Months
Only 3 months after opening, Rocket Pool, an Eth2 staking provider, currently has 1% of Ethereum’s network validators. With the implementation of staking in November 2020, one month before the beacon chain went live, Ethereum’s much anticipated Eth2 upgrade was set in action. Individual stakers, on the other hand, must contribute at least 32 Ethereum to secure the network, making it difficult for smaller hodlers to participate.
Stakeholders on the Ethereum network will not be able to withdraw their funds until the network’s chain merging is finished later this year. Staking companies such as Rocket Pool have stepped in to decrease the staking threshold, allowing holders of fewer than 32 ETH to pool their coins and validate the network.
BitsCrunch raises $3.6M in Funding for NFT Analytics Tools
BitsCrunch has raised $3.6 million in funding to build NFT analytics tools. BitsCrunch employs AI-based analytical techniques to estimate the fair pricing of NFTs, discover wash trading warnings, and establish whether an NFT is a copy or forgery of the actual asset. The company’s headquarters are in Germany and India.
The firm believes that investors in the rapidly expanding industry require better data to safeguard them from imposters and being duped by false trade activity. In a tweet on Feb. 24, the company expressed its belief that the new features will make the “whole ecosystem more trustworthy & safe for the community.”
Crypto Market Trend February 26, 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 26, 2022)||Change in %|
*All prices are latest by 11 AM IST , February 26, 2022.*
Top 3 Crypto Losers
|Cryptocurrency||Price (Latest by February 26, 2022)||Change in %|
|The Graph (GRT)||₹28.33||0.19%|
*All prices are latest by 11 AM IST, February 26, 2022.*