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Top Crypto News today: Osmosis Launches Staking Service in Cosmos

In today’s crypto news, Osmosis, the world’s first decentralized exchange for blockchains connected via Cosmos’ Inter-Blockchain Communication protocol, has announced a new staking service. Billboard and Universal Music Group have partnered to launch an NFT project. Read more on these crypto projects below. 

In today’s global crypto news, Digital Currency Group (DCG) has revealed plans to buy back $250 million in shares of various Grayscale crypto trusts, even as the negative premiums remain persistent for these assets. Read more on this global crypto news below. 

Before heading to the news section let’s have a quick glance at the latest crypto price trends. 

Crypto Prices Today 

 

Price Trend  Price for March 06, 2022  Percentage change 
The global cryptocurrency market cap  ₹135,340,930,237,266 +1.76%
The total crypto market volume ₹4,188,649,472,015 NA
Bitcoin Price ₹31,37,777.61 +1.63%
Ethereum Price  ₹2,10,319.89 +1.21%

*All prices are latest by 10:30 AM,6 March 2022.

 

Top Gainers and Losers Today

 

Top 3 Crypto Gainers  

Cryptocurrency  Price (Latest by March 06, 2022)  Change in % 
Chiliz (CHZ) ₹17.75 17.26%
Monero (XMR) ₹13,418.09 8.17%
Siacoin (SC) ₹0.69 7.33%

*All prices are latest by 11:30 AM,3 March 2022.

 

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by March 06,  2022)  Change in % 
Anchor Protocol (ANC) ₹401.47 8.64%
UMA (UMA) ₹726.59 3.45%
THORChain (RUNE) ₹382.56 2.05%

*All prices are latest by 10:30 AM,6 March 2022.

Crypto News Global 

 

DCG Announces $250 M Buyback of Grayscale Crypto Trusts

Digital Currency Group (DCG) has announced plans to buy back $250 million in shares of multiple Grayscale crypto trusts in two separate buybacks, according to an announcement. The first repurchase covers shares of Grayscale Litecoin Trust ($30 million), Grayscale Horizen Trust, and Grayscale Zcash Trust worth up to $50 million in total.

The remaining $200 million might be used to repurchase any of Grayscale’s six publicly-traded products, including its flagship Grayscale Bitcoin Trust (GBTC).

Read: Investing in Polygon(MATIC)? Take a Deep Dive

Source: TheBlockCrypto

Top NFT & DeFi News today 

 

Billboard and Universal Music Group Partner to Launch NFT project

Billboard and Universal Music Group have teamed together to establish ChartStars, an NFT-based digital collectibles initiative based on the Flow blockchain.

Billboard’s first scalable NFT initiative aimed at music lovers is now live. The collection will feature artist-focused digital artwork that honors the Billboard Charts’ triumphs and milestones. Officially licensed art will be featured on the goods, which will include brief visual segments from music videos and album photographs.

Read Top 7 NFT Games to explore in 2022

Source: TheBlockCrypto

 

Osmosis Launches Staking Service to Bolster Shared Security in Cosmos Ecosystem

Osmosis (OSMO) announced the debut of “superfluid staking” on March 1, which would allow liquidity providers to stake LP tokens representing their assets while still earning a part of trading fees.

LPs providing ATOM/OSMO will be able to allocate their LP tokens to an Osmosis validator and earn staking rewards in addition to a cut of trading fees from the liquidity supplied through the new service. Superfluid staking, according to the Osmosis team, is a pioneer in “reverse liquid staking,” allowing Proof of Stake tokens used in DeFi to also be used for verifying transactions and safeguarding networks.

Read: Top 10 NFT marketplaces

Source: TheDefiant

Daily Crypto News Round-Up

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