Daily Crypto News Feb 23, 2022: Top 3 crypto updates

In today’s crypto news, Decentralized wireless network, Helium (HNT) has raised $200 million in the latest fundraiser led by Tiger Global and FTX Ventures. Do you HODL Helium? Check out the latest price trends of Helium on the CoinDCX app. 

Georgia goes bullish on Bitcoin mining and is home to thousands of Bitcoin miners in the nation. It has become the top destination for Bitcoin miners in U.S. Read more on this crypto news if you also wish to become a Bitcoin miner. 

The Premier League champions Manchester City announced last week about their plans to join hands with Sony in developing a metaverse version of their home, Eithad Stadium. First, we had the Australian Open in the metaverse, now soccer. Are you excited for the metaverse future, because we definitely are? More on this crypto news is below. 

Quick Crypto News Roundup! 

Daily Crypto News  Feb 23, 2022

Helium raises $200 million 

Helium (HNT) has recently raised a $200 million fund in a Series D funding led by Tiger Global and FTX Ventures. Apart from these two groups some other investors present during the fundraiser were Khosla Ventures and Multicoin Capital. Earlier, the company also held a $111 million token sale which was led by Andreessen Horowitz. 

Helium is building a crypto-powered decentralized wireless network that not just provides bandwidth but also collects data from internet of things devices. Helium token is then transferred to the owners of these hotspots with the amount increasing every time the amount of hotspot usage increases. Companies such as Victor, mousetrap company, and Scooter startup Lime use these devices to connect to their product. 

Source: The Block

Georgia takes notice of Bitcoin miners, in talks to promote Crypto

The U.S has definitely become one of the world’s top destinations for crypto miners after the ban came from China. Now thousands and hundreds of mining machines worth billions of dollars are plugging into electrical grids spread across the nation and building a new industry with new tax regulations. 

Recently when Bitcoin miner CleanSpark Inc. bought a data center near Atlanta, the organization faced a lot of problems. According to the executive chairman of CleanSpark, Matt Schultz, Georgia wishes them to do business there and have done their best to power and grow Bitcoin in their state. Among the several states in America, Georgia has evolved as a go-to miners spot. Miners in this state were responsible for more than 34% of the computing power in the pool as of January 31. To your astonishment, this pool is double since the last year of the third quarter. 

Read Bitcoin vs Ethereum: A comparative study 

Source: Fortune 

Manchester City to build Etihad Stadium in Metaverse 

The Premier League champions Manchester City along with their new partner Sony have started to create a virtual replica of the Eithad Stadium. This shall become the central hub for the team within the Metaverse. 

England’s top soccer team has their home in the Eithad Stadium. It was last week the team announced their three-year agreement with Sony in order to provide virtual reality to experts to use image analysis and skeletal tracking technology for subsidiary Hawk-Eye. 

Read: Top 10 NFT marketplaces: Popular platforms to Buy and Sell NFTs

Source: Cointelegraph 

Crypto Market Trend February 23, 2022

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

*All prices are latest by 11 AM IST February 23, 2022.*

Top 3 Crypto Losers 

*All prices are latest by 11 AM IST February 23, 2022.*