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Daily Crypto News Jan 19, 2022: Top 3 crypto updates for today

Crypto News

Another day in the crypto-verse and a lot of things look new and exciting. Today on Cryptocurrently, we have analyzed the latest crypto news of the recent price hike in the NEAR token. Near foundation recently raised $150 million with some prominent names in the crypto space. This fundraiser is considered one of the reasons for the recent price surge in the NEAR token which was nearly $20. 

The NFT craze is here to stay. After big names like Nike, H&M, Adidas and others entered into the metaverse and NFT market space, Walmart has also registered 7 US patents to provide services to its online community through virtual currency and NFTs. Is Walmart ready to take over the NFT space? Read in detail below. 

A new NFT marketplace is here to compete with OpenSea called LooksRare. It has been attracting significant attention in the past few days and the most astonishing fact about this new kid is that it came to block on January 10, 2022. It had 36% more USD volume on January 11 as compared to OpenSea. Fascinating, right? Read more in detail below. 

Quick Crypto News Roundup! 

 

Daily Crypto News  Jan 19, 2022

$NEAR surges to a new ATH above $20 after the protocol raised $150M

The Swiss non-profit organization, Near Foundation announced the closing of $150 million fundraised from various prominent crypto investing firms. According to one of the reports by CoinDesk, NEAR Foundation held this $150 million funding round that was led by Three Arrow Capital. According to the report, several big names in the crypto space participated in the funding round such as Gradgonfly Capital, Andreessen Horowitz, Zee Prime, Amber Capital, and Mechanism Capital were some among the many names. 

After this funding round was closed the NEAR token saw a rise in its price and nearly created an all-time high of $20.

Read more in detail about what new projects Near Protocol has in store and how they will affect its price value. 

Source: Cryptoglobe 

Additional Read: Near Protocol Technical Analysis 

7 US Patents filed by Walmart to examine the monetization of Metaverse and NFTs

Walmart is in talks to introduce a virtual currency for the online community members in the NFT sector. The retail giant is discussing ideas to provide ways for the customers to interact with the metaverse and provide financial services involving crypto. 

It has filed several patents with the US Patent Trademark Office (USPTO) and has registered numerous services and offerings that are primarily related to the non-fungible sector, metaverse, and cryptocurrency. This news was first reported by CNBC. Walmart is exploring the possibility to introduce a virtual currency to its customers and create interaction with its online community. 

Read more in detail about the 7 patents filed by Walmart and how it intends to get involved with cryptocurrencies. 

Source: Blockworks

LooksRare decked up to compete with OpenSea by offering trading rewards 

LooksRare is all decked up to dive into the NFT sector and take full advantage of the recent NFT craze that shows no sign of abating. In fact, with every passing day, the craze around NFTs is just increasing. 

The new NFT marketplace LookRare has been attracting significant trading volumes according to one of the reports by Dune Analytics. This platform had 36% more USD volume on January 11, 2022 than on OpenSea. The fascinating thing about this marketplace is that this new kid launched itself on January 10, 2022. 

Read more in detail about LooksRare and what it has to offer to all the NFT geeks. 

Source: Beincrypto

Crypto Market Trend January 19, 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 19, 2022)  Change in % 
Ethereum Classic (ETC) ₹2711.64 9.11%
Theta Token (THETA) ₹341.04 7.85%
Yearn.finance (YFI) ₹264776.62 5.31%

*All Prices are latest by 11 AM January 19, 2022.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by January 19,  2022)  Change in % 
Cardano (ADA) ₹115.73 7.88%
Chromia (CHR) ₹67.51 7.13%
Helium (HNT) ₹2406.76 6.94%

*All Prices are latest by 11 AM January 19, 2022.*

 

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