David Filippou

Solana, the third largest cryptocurrency by market cap, has fallen almost 12% in the last 24 hours as the platform suffered its second outage in the last month alone.

Applications using the Solana blockchain experienced a mass shutdown as network validators were unable to process new blocks for several hours.

The Solana team have since described the main cause of the problem as ?A bug in the durable nonce transactions feature? with validators conducting a restart to fix the issue.

Despite offering faster and cheaper transfers compared to alternative chains, Solana?s shortcomings have been exposed over the past year with multiple outages occurring.

Lumos Diagnostics Holdings has requested the trading halt due to an announcement by the Company to the market in relation to a capital raise in the form of a pro-rata accelerated non-renounceable entitlement offer (stated purpose).

As western investors have sold out of bitcoin and other cryptocurrencies in favour of safe havens like gold this week, Russian investors have been rushing to get their hands on cryptocurrencies.

The imminent bear market in the former Soviet Union resulting from Russia?s invasion of Ukraine has seen the Russian ruble plunge to a record low at the equivalent value of 1.2 Australian cents.

The ruble tanked as western countries like the US impose sanctions on Russian companies, and business people. So as the volatility of the ruble rises, Russians desperately look for security in digital currencies.

Binance shows the trading volume between the ruble and cryptocurrencies climbed this week, while the price of Bitcoin and Ethereum have rebounded as much as 13% and 10% respectively this week.

As the ruble continues to tumble, Russian investors are turning to digital currencies that operate outside of the regulated global banking system, turning the once ?volatile? cryptocurrency into a new safe haven for Russians.

Actress and NFT advocate Reese Witherspoon has announced that her production company, Hello Sunshine, has teamed up with NFT collective World of Women (WoW) to introduce their character universe to the entertainment business.

The collaboration will allow Hello Sunshine to expand the WoW universe into a variety of sorts of intellectual property, including feature films and television.

And according to Whalestats, one of the greatest whales on the Ethereum network, 'Light,' has purchased almost 49 billion Shiba Inu tokens (SHIB).

The coins purchased were worth more than $1.2 million. The transaction further reinforces the excitement of whales surrounding Shiba?s impending Metaverse project, Shiberse, whith Shiba also stating that they will be releasing a total of 99,000 plots of land.

The global crypto market is down 2.13% overnight with a market cap of 1.72T US Dollars

Bitcoin is down 1.72% in the last 24 hours, trading at $38,059US Dollars, while Ethereum also lost ground, down 4.13%. Binance dipped in the last 24hours down 2.24%, whilst Terra and XRP are down, with Avalanche plunging as much as 6.09%.

NFT Platform OneOf have unveiled their new NFT collection called Sports Pass. The collection offers one-of-a-kind 3D NFTs where users will receive exclusive benefits in the OneOf sports marketplace.

Using the Polygon blockchain, OneOf will collaborate with professional and college sports teams, with Duke University serving as the first organisation to team up with the platform.

Yesterday, zkSync, the protocol in charge of developing Ethereum scaling platforms, announced the test network release of an Ethereum Virtual Machine.

The new test network is the first to use a Zero Knowledge rollup capable of running the whole Ethereum ecosystem, which will provide valuable data into how well zero-knowledge technology scales blockchains.

The global crypto market is down 6.1% overnight with a market cap of 1.75T US Dollars.

Bitcoin is down over 6% in the last 24 hours, just over $36,600,US Dollars, with Ethereum also losing ground, down 6.5%.

Looking at some of the big name altcoins, it?s been a tough 24 hours with Doge, Polkadot and Litecoin all falling, with Avalanche down as much as 16%.

English Premier League Club Manchester City has partnered up with Sony, beginning construction of the world?s first football stadium in the metaverse.

The club?s Etihad stadium, will be the main attraction of a virtual reality world made using Sony?s Hawk-Eye tracking technology and image analysis expertise, giving fans the opportunity to be a part of every game from wherever they are.

And Crypto enthusiasts are eyeing up the purchase of the Denver Broncos NFL team by forming a DAO. The team has been run by a trust after owner Pat Bowlen died in 2017. ESPN estimates that the team would sell for $4 billion.

The DAO is being led by Sean O?Brien, who is a 10-year veteran of Cisco Systems' legal department.

The global crypto market is up 0.82% overnight with a market cap over 1.79T US Dollars.

Bitcoin has fallen under $40,000, currently trading at $39,234 US Dollars, with Ethereum making ground, up 3.95%. Tether is trading lower, while Binance is up by just over 3%.

Looking at some of the big name altcoins in the last 24hrs; Terra is up 8.05% along with Solana and Cardano also experiencing gains, while Avalanche is down slightly at $81.18.

Blockchain-based online video game Axie Infinity, broke the $4 billion barrier in NFT sales this week. In terms of all-time sales, the play-to-earn (P2E) game released in 2018 is currently the third-largest NFT platform.

Over the previous year, the game's own digital currency, Axie Infinity (AXS), has increased by 2,544 percent against the US dollar. According to lifetime data, the Play-to-earn game acquired more than $4 billion in total NFT revenues, with just under 2 million traders.

S?o Paulo-based startup Moss.Earth is focused on environmental conservation and protection, claiming it will achieve this through web 3.0 and NFTs.

The startup posted NFTs for an Amazon location dubbed ?Blue River Farm? on OpenSea in January, which sold for $100,000 in just a few hours.

The global crypto market is down 1.8% overnight with a market cap just over 2 trillion US Dollars.

Bitcoin has fallen 1.6% in the last 24 hours, currently trading at $43,494 US Dollars, with Ethereum also down at $3,110 US Dollars. The other top cryptos including Binance and Tether were also lower.

Looking at some of the big name altcoins in the last 24 hours, Avalanche rose 0.2%, while Solana and XRP both fell.

Online subscription platform, OnlyFans, has launched a feature for users to display verified NFTs as profile pictures.

The UK-based company joins the likes of Twitter and Reddit who have also explored ways to incorporate the digital tokens on their platforms.

And Hip-hop godfather, Snoop Dogg, has joined the Gala Music ecosystem, according to a blog post published by the Gala Games team. Snoop's latest album (B.O.D.R.) will be released on the blockchain, with tracks being sold as NFTs.

Gala is a gaming and NFT platform attempting to create a blockchain gaming ecosystem that runs on Ethereum and Binance smart chain.

That?s your afternoon crypto update, join me again tomorrow to see how the crypto-world fared overnight.

The global crypto market is up 1.53% overnight with a market cap of 2.1 trillion US Dollars.

Bitcoin has risen 1% in the last 24hours, currently trading just above $44,100 US Dollars, with Ethereum just over 3% higher at $3,200. The other top cryptos including Binance and Tether are also making gains.

Looking at some of the big name altcoins in the last 24hrs, Crypto.com has risen over 4%, followed by Polygon and Polkadot.

In a world-first, real estate technology company Propy announced it would be selling a home in Florida as an NFT. The Gulfport home is being auctioned off as an NFT, with ownership rights starting at $650,000. A mural by a local Florida artist will also be included in the sale.

And China looks to be ??taking advantage of Blockchain technology. Sixteen Chinese government entities have produced a list of national blockchain pilot zones to encourage the use of blockchain technology in new ways. Manufacturing, energy and cross-border finance will be among the industries covered. The projects will be carried out by a number of well-known companies, including Beijing Gas Group Co., and Industrial and Commercial Bank of China Ltd.

The global crypto market is down -3.16% overnight with a market cap of 1.63T US Dollars. Bitcoin continued dropping in the last 24hours, currently trading 4.25% lower at just over $36,000 US Dollars.

The other top cryptos are following suite, with Binance leading losses 4.54% lower, currently trading at $366.53.

Solana and Terra lead losses on an across-the-board drop, with losses over 5% each.

And YouTube NFTs may be in the works after CEO Susan Wojcicki suggested the company is looking to branch into NFTs in the future as another source of revenue for creators.