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Daily Crypto News Jan 20, 2022: Top 3 crypto updates for today

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Another day and a lot has happened over the past 24 hours. OpenSea, the largest NFT marketplace by volume has acquired the crypto lending platform Dharma labs in its pursuit to become better, larger, and safer. The price for the deal has still not been disclosed and it seems that OpenSea is moving with the speed of light to become the biggest name in the NFT sector. 

Opera has launched its safe, reliable, and fast Web 3 browser. The company wishes to extract the full potential of Web 3 and the decentralized world and provide the same to all its users by keeping it extremely simple. Given its native ad tracker and blocker technology as well as no-login VPN, the browser currently hosts 380 million users. 

The biggest news for the day is Microsoft acquiring Activision, the company famous for owning various games like Call of Duty, Overwatch, candy crush, and many more. This will help Microsoft own a franchise of games in Metaverse. Microsoft believes that gaming shall play one of the key factors in the world of Metaverse and it is all decked up to own the battlegrounds. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 20, 2022

Opera Launches Web 3 Browser with Built-in Custodial wallet

Opera has also got into the game of Web 3 and metaverse. It has released a Crypto Browser project promising a faster, simpler, and more secured Web 3 experience for all the users. The main idea behind releasing this easy-to-understand yet private Web 3 browser is to help the users and decentralized web reach its full potential. 

Thanks to the no-login VPN as well as the native ad blocker and tracker that are used in the browser, it currently hosts  380 million users across the globe. 

Read more in detail about Opera’s New Web 3 browser and how it ensures the privacy of its users. 

Source: Aliens.com

OpenSea acquires Crypto Lending platform, Dharma Labs

OpenSea has acquired Dharma Labs in its pursuit to become the largest NFT marketplace by volume. The amount for which the acquisition took place has yet not been revealed. This acquisition for OpenSea will boost its activities around product development, enhancing safety, reliability as well as trust. 

In the blog post announcement by Dharma, it was revealed that the company wishes to turn their attention towards the spotlight of crypto mainstream adoption i.e. NFTs. They shall bring their technology, expertise as well as knowledge to empower OpenSea. The CEO of Dharma Lab Nadav Hollander shall become the Chief technology officer for OpenSea, this was also a part of the deal. 

Read more in detail about OpenSea acquiring Dharma Labs and where their NFT venture is headed. 

Source: Aliens.com

Microsoft buys Activision for $69 Billion with eyes on Metaverse development 

One of the biggest tech giants, Microsoft has revealed about its acquisition of the game publishing company Activision Blizzard for $69 Billion. This is one of the highest amounts that Microsoft has paid for any acquisition so far. This record-breaking deal comes with the advantage of providing several video game franchises to Microsoft for its Metaverse initiative. 

This acquisition of Microsoft follows after it acquired Bethesda for a whopping $7.5 billion. This acquisition of Microsoft was celebrated by the CEO, Satya Nadella over his Twitter Handle. He agreed that gaming is one of the key aspects of the growth in Metaverse. 

Read in detail about Microsoft’s acquiring Activision and what it means for both the companies. 

Source: BeinCrypto

Crypto Market Trend January 20, 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 20, 2022)  Change in % 
FTX Token (FTT) ₹3801.65 6.79%
Cosmos (ATOM) ₹3091.59 4.55%
dYdX (DYDX) ₹593.18 6.02%

*All Prices are latest by 11 AM January 20, 2022.*

Top 3 Crypto Losers

Cryptocurrency  Price (Latest by January 20,  2022)  Change in % 
IoTeX (IOTX) ₹8.45 9.29%
Ethereum Classic (ETC) ₹2485.18 8.17%
Near Protocol (NEAR) ₹1312.65 7.21%

*All Prices are latest by 11 AM January 20, 2022.*

Additional Reads: Best 5 cryptocurrencies to watch out for in 2022

Additional Reads: Bitcoin Vs Ethereum: What’s the difference? 

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