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Daily Crypto News Jan 30, 2022: Top 3 crypto updates for today

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Blockchain and decentralization is the evolution none of us can ignore. The revolution it is bringing is similar to what we saw 10-15 years ago with the Internet. In today’s crypto news, Google has also realized the potential of this innovative technology and has started to develop its in-house team. The reports say that Google cloud’s digital asset team is looking for blockchain enthusiasts. Are you one blockchain and crypto lover? This crypto news will lighten up your day. 

The load on the Cardano network has exceeded 90% all thanks to DeFi. This surge in load started to happen right before the launch of its first DeFi application MuesliSwap and gained momentum after the launch of its second DeFi application Sundwaswap. Read more about this crypto news in detail below. 

To improve the interoperability of the Polkadot network Astar network has raised $22 million in a polychain capital-led event. Understand how beneficial it is for the network below. 

Quick Crypto News Roundup!

Daily Crypto News  Jan 30, 2022

Google cloud hiring Blockchain specialists to begin decentralization efforts

Google cloud division has already formed a new business unit that shall help in the development of the blockchain system for its new and existing customers. The role of the digital asset team shall be to provide dedicated node hosting for the developers via on-chain governance. This digital asset team shall have its focus on the healthcare and retail sectors where Google seeks to expand its offerings. 

According to Google cloud’s head of strategy for digital assets, blockchain and digital assets have had a profound impact on their consumer base in almost every vertical especially the finance sector. He also compared the evolution of blockchain technology and decentralization to the rise of the internet 10-15 years ago. 

Source: Blockworks 

Cardano Network load exceeds 90% as DeFi Gains Steam 

The average load on the Cardano blockchain network has risen above 90% over the last few days. This is due to the steam gained by decentralized finance (DeFi) applications. This load started surging between January 14 and 15, weeks after the first DeFi application MuesliSwap was launched on it. This application did an under-the-radar offering and gained more than $1 million total value locked within two days. The load started to increase before the launch of SundawSwap. 

According to the report the number of addresses holding Cardano has grown to a new ATH of  4 million since December 2021. The majority of these addresses are predicted to be long-term holders. Do you also have Cardano in your portfolio? Check out its latest activity in CoinDCX App

Source: Cryptoglobe.com 

Astar network raised $22M to empower Polkadot interoperability 

Astar Network has closed another fundraiser of $22 million in a poly chain Capital-led event.  Wondering what Astar network is? It lets Ethereum and Polkadot-native smart contracts exist simultaneously and communicate on Polkadot. This new fundraiser shall help the network to build interoperability between Layer 1 chains. 

Source: Cryptobriefing 

Crypto Market Trend January 30, 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 30, 2022)  Change in % 
Flow (FLOW) ₹579.42 21.84%
Axie Infinity (AXS) ₹4240.98 12.05%
Synthetix Network (SNX) ₹428.78 10.09%

*Prices are latest by 12: 30 PM January 30, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 30,  2022)  Change in % 
Terra (LUNA) ₹4064.97 2.87%
Ravencoin (RVN) ₹5.72 2.66%
Cosmos (ATOM) ₹2308.39 2.83%

*Prices are latest by 12: 30 PM January 30, 2022.*

Read: Uniswap vs PancakeSwap: A comparative analysis 

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