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Daily Crypto NewsJan 26, 2022: Top 3 crypto updates for today

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It’s already the 26th of January and while we here in India celebrate our Republic Day the world is getting prepared for the next Crypto crusade. Today in Crypto news, Zhejiang has requested six other cities to join in the digital yuan pilot program. This digital yuan is predicted to be the most advanced digital currency for one of the biggest economies in the world, China. China plans to demonstrate the CBDC in Beijing Winter Olympics. 

Ethereum has rebranded ETH1.0 as the execution layer and ETH2.0 as the consensus layer mainly to avoid confusion in the future. Since the merger is basically bringing the entire blockchain network from proof-of-work to proof-of-stake, the developers sought for this organic rebranding to avoid confusion in the future. The merger is expected to get completed by June 2022. 

In the recent tweet by the Crypto lead Engineer of Twitter, the company seems to be looking for relevant folks to help them in their next Crypto venture. It seems that Twitter is establishing its in-house crypto team to cater to its future crypto ventures. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 26, 2022

Zhejiang urges various cities to host the next digital Yuan pilots 

China’s Zhejiang wants six of its cities to compete for the next digital yuan pilots that shall open doors for several eastern coastal provinces to showcase their central bank digital currency (CBDC) during the September Asian games. 

It was the last September that Zhejiang announced its intention to become a digital Yuan pilot city. This digital yuan is one of the most advanced digital currencies to be released by one of the world’s leading economies. It shall be demonstrated during the Beijing Winter Olympics. 

Read more in detail about China’s plan regarding its CBDC.

Source: forkast

Ethereum shifts away from ETH 2.0

The core developers of Ethereum announced that the two different stages on the blockchain shall be called the execution layer and the consensus layer. This rebranding was an organic move to avoid the confusion between Ethereum 1.0 which uses proof-of-work and Ethereum 2.0 which acts as the network upgrade rather than the separate protocol. 

The existing blockchain shall be migrated into the proof-of-work Ethereum 2.0 chain. ETH1.0 and ETH2.0 shall together constitute an integral component of the Ethereum network. The upcoming merge of the two layers has been decided to get completed by June 2022. 

Read more in detail about the action plan of Ethereum and what it means for investors and enthusiasts. 


Twitter growing its in-house crypto team

Twitter is ready to take on its next crypto projects and is preparing its in-house crypto team. This was assumed according to the tweet by the Company’s engineering lead Tess Rinearson as he was actively looking for a product manager for crypto. 

According to the tweet, the product manager shall also help her in exploring the various opportunities for Twitter around crypto. She also added that more job requirements shall soon be open for other posts. Does that mean Twitter is gearing itself up for the next crypto crusade? 

Read more about Twitter’s crypto venture in detail.


Crypto Market Trend January 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 January 26, 2022)  Change in % 
Gala (GALA) ₹17.27 20.92%
Near Protocol (NEAR) ₹970.11 17.32%
Chromia (CHR) ₹44.82 12.35%

*Prices are latest by 11:50 AM January 26, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 26,  2022)  Change in % 
Maker (MKR) ₹145259.01 6.12%
Cosmos (ATOM) ₹2848.58 1.29%
Terra (LUNA) ₹5152.70 1.95%

*Prices are latest by 11:50 AM January 26, 2022.*

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