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<ul><li>Crypto.com auctioned 10,000 ‘Loaded Lion’-themed NFTs earlier this week at $200 each.</li><li>Three days later, some of coveted ‘Loaded Lion’ avatars are attracting offers upwards of $1 million — a five-fold jump in value.</li><li>However, there are other NFTs within the collection that aren’t even attracting bids high enough to break even. </li></ul>Ten thousand different ‘Loaded Lion’ non-fungible tokens (NFTs) were <a href="https://blog.crypto.com/loaded-lions-launch/">launched</a> earlier this week for <a href="https://crypto.com/nft/drops-event/4a8ea0336e21126f0db0e13dc448c497">$200 apiece</a> by Crypto.com. A couple of days later, at least two of them received much higher bids and were sold at million-dollar valuations. <a href="https://crypto.com/nft/listing/MARKETPLACE?asset=d1a1bd51d9c9fbcb940da7dc6c72542c&amp;edition=f784581c2ad32ad20f4a0707bfc41233">Loaded Lion #1953</a> , the mountain climber, received a bid for $1.3 million. However, it was rejected by the owner who has increased the base price of the bids to $2 million. <a href="https://crypto.com/nft/listing/MARKETPLACE?asset=46bcd32cf080a173bcae9c12b0e6c161&amp;edition=408c5e1022852565e70df729bc95d365">Loaded Lion #1969</a> — dubbed The Mars astronaut wearing the <keyword id="23387" type="General" weightage="20" keywordseo="matt-damon" source="Orion">Matt Damon</keyword> ‘Fortune Favours the Brave’ logo — on the other hand, agreed to sell for $1 million to Mark Watney, after the character played by Matt Damon in <keyword id="2240281" type="General" weightage="20" keywordseo="the-martian" source="Orion">The Martian</keyword>. Owners of other items in the<a href="https://crypto.com/nft/collection/82421cf8e15df0edcaa200af752a344f"> same collection</a> seem to have drawn courage and have listed their lions for millions of dollars, with<a href="https://crypto.com/nft/listing/MARKETPLACE?asset=afd194cca6984bb4d3cc432cb8b67ece&amp;edition=f5316e395f4c56ed5c1c7af7d57ff149"> Lion #10000</a> asking for $100 million or more. However, it remains uncertain whether or not they will get their wish. Bids for most items in the collection have not exceeded $10,000 on average. Moreover, there are <a href="http://coindcx.com">NFT</a> lions listed at relatively low prices not even receiving bids for the full $200 that the initial owner had paid for them. <cmsannotation type="cmsannotation" annotationid="The symbiotic relationship between cryptocurrencies and the NFTs they back" comment="subhead" text="The symbiotic relationship between cryptocurrencies and the NFTs they back">The symbiotic relationship between cryptocurrencies and the NFTs they back</cmsannotation> The trajectory of the Crypto.com (CRO) currency is even more interesting than the money minted for their owners by the Loaded Lion NFTs this week. Between July and November, the CRO’s value rose for various reasons, including the fact of a market-wide bull run seen by all cryptocurrencies. However, the wider crypto market saw a dip from November 10 onward, which the CRO seems to have escaped. Come this week, CRO actually saw a substantial rise on November 23, the day when 10,000 Loaded Lions were launched. <div type="twitter" handle="cryptocomnft" handlename="Crypto.com NFT" image="http://pbs.twimg.com/profile_images/1417913710761361417/zAKxUV1k_normal.jpg" favoritecount="1338" retweetcount="277" status="Thanks so much for your patience today, we had overwhelming demand! Loaded Lions have🔴SOLD OUT🔴 Congratulations to all the lucky collectors." createdat="1637691817000" id="1463211651759550472"></div> Because their NFTs were created on the CRO chain, which runs on top of the Ethereum blockchain, buyers had to pay for them denominated in the CRO currency resulting in higher demand for the token . The three days after the launch, there has been a cumulative 15% drop in the exchange value of the cryptocurrency. Notably, the largest Indian cryptocurrency exchanges such as CoinSwitch, WazirX and ZebPay do not offer the CRO currency for trade yet. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/what-is-non-fungible-token-nft-everything-you-need-to-know/articleshow/84754933.cms">What is non fungible token - everything you need to know about NFTs</a> <a href="https://www.businessinsider.in/cryptocurrency/news/most-expensive-bored-ape-nft-sells-for-2-7-million/articleshow/87162740.cms">Bored Ape NFT sells for $2.7 million - the most expensive in Yacht Club collection so far</a> <a href="https://www.businessinsider.in/cryptocurrency/news/crypto-sports-sponsorships-are-heating-up-again-as-ufc-bags-a-multi-million-dollar-deal-from-crypto-com/articleshow/84229910.cms">Crypto sports sponsorships are heating up with multi-million dollar deals</a>

Loaded Lion NFT sells for $1 million — three days after launching at $200

<ul><li><keyword id="11297844" type="General" weightage="20" keywordseo="indian-crypto-exchange" source="Orion">Indian crypto exchange</keyword> <keyword id="6416838" type="General" weightage="20" keywordseo="coindcx" source="Orion">CoinDCX</keyword> told Business Insider that it has no ‘immediate’ plans to launch an initial public offering (IPO).</li><li>According to the company’s spokesperson, CoinDCX has aspirations to one day go public — just like any other startup.</li><li>“As an official clarification, we would like to reiterate that there is no immediate plan in the foreseeable future to announce an IPO,” said the company’s spokesperson.</li></ul>Indian crypto exchange CoinDCX has no ‘immediate’ plans to launch an initial public offering (IPO). In a statement to Business Insider India, the team clarified that as a startup it has aspirations to one day go public but it’s unlikely to be anytime soon as reported by the <a href="https://economictimes.indiatimes.com/tech/startups/coindcx-plans-to-pursue-ipo-as-soon-as-india-regulations-are-in-place/articleshow/87975489.cms">Economic Times</a>. “As an official clarification, we would like to reiterate that there is no immediate plan in the foreseeable future to announce an IPO,” the company’s spokesperson told Business Insider. <div type="ExtQuote" text="&quot;There is no definitive route or clause as to when we would go ahead with this plan.”" auname="CoinDCX spokesperson told Business Insider"></div> The Indian government is scheduled to discuss regulating cryptocurrencies in the country during the ongoing Winter Session of Parliament. According to experts, it is unclear whether or not India will <a href="https://www.businessinsider.in/investment/news/what-does-private-cryptocurrency-mean-in-india/articleshow/87887473.cms">ban all ‘private’ cryptocurrencies</a> or put rules and regulations in place to legitimise the ecosystem. The suspense will remain until there is an <a href="https://www.businessinsider.in/investment/news/heres-a-quick-look-at-how-the-evolution-of-cryptocurrencies-has-played-out-in-india/slidelist/87902549.cms">official draft</a> of proposed laws in the public domain. <cmsannotation type="cmsannotation" annotationid="CoinDCX wants to launch an IPO like any other startup" comment="subhead" text="CoinDCX wants to launch an IPO like any other startup">CoinDCX wants to launch an IPO like any other startup </cmsannotation>“The focus of the interview today morning was to discuss the regulatory framework in India about the crypto bill being tabled in the parliament.We would like to reiterate that as any growing company aspires to take an IPO route in due course, we at CoinDCX also have similar aspirations,” clarified the company. CoinDCX was the <a href="https://www.businessinsider.in/investment/news/indian-crypto-exchange-coindcx-has-joined-the-crypto-unicorn-club-after-new-funding/articleshow/85200985.cms">first crypto exchange</a> in India to gain ‘unicorn’ status in August. It raised $90 million during its Series C round of funding, led by Facebook’s co-founder Eduardo Saverin, giving it a valuation of over $1 billion. According to CoinDCX’s co-founder Neeraj Khadelwal, an IPO from the company would add legitimacy to the industry. “Just like the Coinbase IPO gave a lot of confidence in the crypto market, similarly, we want to instill a similar level of confidence with an IPO of CoinDCX,” he told the Economic Times. But, for now, there are no concrete plans. Once the regulations around the industry are finalised in India, will the company even consider going public. According to the Finance Minister, Nirmala Sitharaman, India currently has <a href="https://www.businessinsider.in/investment/news/india-has-no-plans-to-recognise-bitcoin-as-a-currency-says-countrys-finance-minister-nirmala-sitharaman/articleshow/87976812.cms">no plans</a> to recognise Bitcoin as currency. However, that does not rule out the possibility of it being treated as an asset akin to how <a href="https://www.businessinsider.in/cryptocurrency/news/as-india-looks-to-reign-in-crypto-heres-a-look-at-how-theyre-regulated-across-the-world/slidelist/87889544.cms">other democratic nations</a> have regulated the space. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/a-ban-on-crypto-in-india-will-only-lead-to-surge-in-black-market-trading-according-to-experts/articleshow/87914173.cms">Experts fear that a 'ban' on crypto in India will only drive investors to the grey market</a> <a href="https://www.businessinsider.in/investment/news/india-has-no-plans-to-recognise-bitcoin-as-a-currency-says-countrys-finance-minister-nirmala-sitharaman/articleshow/87976812.cms">India has no plans to recognise Bitcoin as a currency, says country's Finance Minister Nirmala Sitharaman</a> <a href="https://www.businessinsider.in/investment/news/facebook-microsoft-and-others-look-towards-the-1-trillion-dollar-metaverse-opportunity-but-that-contradicts-the-base-philosophy-behind-web-3-0/articleshow/87959802.cms">Facebook, Microsoft and others look towards the $1 trillion dollar ‘metaverse’ opportunity — but that contradicts the base philosophy behind Web 3.0</a> <a href="https://www.businessinsider.in/investment/news/loaded-lion-nft-sells-for-1-million-three-days-after-launching-at-200/articleshow/87933221.cms">Loaded Lion NFT sells for $1 million — three days after launching at $200</a>

CoinDCX clarifies that it has no ‘immediate’ plans to launch an IPO

<ul><li><keyword id="6289215" type="General" weightage="20" keywordseo="crypto-mining" source="Orion">Crypto mining</keyword> companies are looking at <keyword id="12637892" type="General" weightage="20" keywordseo="immersion-cooling" source="Orion">immersion cooling</keyword> to help them drum not costs and also be more environment friendly.</li><li>Immersion cooling recycles a portion of the heat created by crypto mining rigs into power.</li><li>However, the technology is still in testing mode and there are pit falls to both success and failure.</li></ul>Mining for Bitcoin is hot — not just because it's in vogue, but because it’s literally hot enough that there are people around the world using their mining rigs as an alternative to <a href="https://www.youtube.com/watch?v=3yDX8Zf_lLg">home heaters</a>. The more power they use, the hotter these rigs get. And, the hotter they get, the more power is needed to keep them cool. Thus, the cycle continues. Crypto mining companies, like <a href="https://www.riotblockchain.com/news-media/press-releases/detail/117/riot-announces-first-industrial-scale-immersion-cooled#:~:text=Immersion%2Dcooling%20is%20a%20technique,circuits%20operating%20at%20lower%20temperatures.&amp;text=The%20cooled%20fluid%20is%20then%20pumped%20back%20through%20the%20immersion%20tank.">Riot Blockchain</a>, and others are looking to break the loop with ‘immersion cooling’. They want to take specialised Bitcoin mining equipment — called application-specific integrated circuits (ASICs) — and submerge them in cooling fluid to bring down costs while also giving their mining operations a boost. <div type="image" title="5" msid="87999555" hostid="261" caption="&amp;lt;p&amp;gt;Riot Blockchain&amp;#39;s immesion cooling tests&amp;lt;/p&amp;gt;"></div> It’s not only about cutting down the heat. immersion cooling also cuts down maintenance times since there’s less dirt clogging the machines, resulting in more efficient performance. <div type="ExtQuote" text="It looks like a fish tank with machines inside it. Sooner or later, all big miners will be doing large-scale immersion mining." auname="Nishant Sharma, the founder of mining consultancy firm BlocksBridge, told Bloomberg in a interview"></div> <cmsannotation type="cmsannotation" annotationid="Immersive cooling has been around for over a decade" comment="subhead" text="Immersive cooling has been around for over a decade">Immersive cooling has been around for over a decade</cmsannotation> Immersion cooling is not a ‘new’ idea. It’s been around since 2006 when Hardcore Computer pioneered the concept to make PC gaming more powerful. Three years down the line Green Revolution Cooling (GRC) came up with the idea of ‘open bath’ immersion for the high-performance computing industry. And, a year later Midas Green Technologies founded the first-ever worldwide immersion cooling commercial data center. <div type="image" title="4" msid="87999624" hostid="261" caption="&amp;lt;p&amp;gt;Fujitsu&amp;#39;s liquid immersion cooling system it says will usher in a &amp;#8220;next generation of ultra-dense data centers.&amp;#8221;&amp;lt;/p&amp;gt;"></div> Fujitsu, Microsoft, Alibaba, Shell and all the big wig companies have been looking into it. Even with all this fanfare, immersion cooling didn’t get its fair due until crypto mining started to become mainstream in 2016. The profitability of conventional data centres is determined by a myriad of different factors. But, for cryptocurrency mining, the primary influence of profit is energy consumption — and, that’s where immersion cooling comes in, in a big way. <cmsannotation type="cmsannotation" annotationid="Immersive cooling uses heat to create more power" comment="subhead" text="Immersive cooling uses heat to create more power">Immersive cooling uses heat to create more power</cmsannotation> With immersion cooling, the total cost of ownership (TCO) gets drummed down since heat can be recycled for energy. The fluid absorbs the heat and recycles it to increase productivity. According to Brian Roemmele, co-host of the Around the Coin podcast — who saw an immersed Bitcoin mining rig first hand — the cooling liquid reduces heat and noise by 95%. Around 40% of the heat is recaptured and used to power the mining rig. <div type="twitter" handle="BrianRoemmele" handlename="Brian Roemmele" image="http://pbs.twimg.com/profile_images/1492616506/Brian-Med-Green-Fin_normal.png" favoritecount="14370" retweetcount="2600" status="By submerging Bitcoin Miners in liquid, heat and noise is reduced by 95% and we can recapture up to 40% of the heat… https://t.co/c9uLhwcFft" createdat="1635438648000" id="1453761177201242116"></div> <cmsannotation type="cmsannotation" annotationid="This doesn’t mean crypto mining rigs are using water to cool off" comment="subhead" text="This doesn’t mean crypto mining rigs are using water to cool off">This doesn’t mean crypto mining rigs are using water to cool off</cmsannotation> Not only is immersion cooling a big deal for the companies that mine for crypto, but it’s also a get for companies that specialise in cooling technology. At the end of the day, water and electricity don’t mix. Water is both a conductor of electricity and corrosive. Any breach would mean that mining rigs would get fried. And, that’s why the trick lies in cooling the right kind of liquid to get the job done. Instead of using ordinary water, companies prefer to use engineered fluids like 3M's Novec or a blend of different mineral oils such as GRC's GreenDEF. This allows for direct immersion of entire systems without the risk of damaging the machines. But, this also means that crypto mining companies looking to employ immersion cooling at scale are dependent on a limited set of suppliers that have the technology. This leaves them susceptible to supply disruption and price fluctuations. For instance, a crypto mining company <keyword id="5304583" type="General" weightage="20" keywordseo="riot-blockchain" source="Orion">Riot Blockchain</keyword>, announced in October that it has plans to immerse 46,000 of its mining machines — which need around 200 megawatts of power to function — into cooling liquid. Other companies that have attempted similar endeavours in the past have seen their projects run into substantial setbacks and cost overruns. According to TipRanks <a href="https://www.tipranks.com/stocks/riot/risk-factors">Risk Factors</a> tool, if Riot is not able to complete the project on schedule and ends up devoting more resources to it, the anticipated benefits may get annuled. On the flip side, if Riot Blockchain is successful, it could lead to other crypto mining companies jumping onto the bandwagon. This, in turn, would create a surge in demand, increasing costs and decreasing the cost effectiveness of the technology. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/coindcx-clarifies-that-it-has-no-immediate-plans-to-launch-an-ipo/articleshow/87979346.cms">CoinDCX clarifies that it has no ‘immediate’ plans to launch an IPO</a> <a href="https://www.businessinsider.in/investment/news/loaded-lion-nft-sells-for-1-million-three-days-after-launching-at-200/articleshow/87933221.cms">Loaded Lion NFT sells for $1 million — three days after launching at $200</a> <a href="https://www.businessinsider.in/investment/news/india-has-no-plans-to-recognise-bitcoin-as-a-currency-says-countrys-finance-minister-nirmala-sitharaman/articleshow/87976812.cms">India has no plans to recognise Bitcoin as a currency, says country's Finance Minister Nirmala Sitharaman</a>

Immersion cooling has been around for over a decade, but it’s coming back in vogue thanks to Bitcoin mining

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Loaded Lion NFT sells for $1 million — three days after launching at $200

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Immersion cooling has been around for over a decade, but it’s coming back in vogue thanks to Bitcoin mining

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