October 7, 2022

Terra Classic Breaks Into Top 10 Coins By Trading Volume, Eyes Super Bullish LUNC ‘Burn’ Milestones

Terra Classic Breaks Into Top 10 Coins By Trading Volume, Eyes Super Bullish LUNC ‘Burn’ Milestones

LUNC maintains its high tempo entering into October, reaching new highs. Surging over 70% in the past seven days and listed on new exchanges, LUNC has broken into the top 10 coins by trading volume. Analysts say the prospects of LUNC in the last quarter of the year look great due to improved tokenomics. Terra …

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EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for …

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Marathon Reveals Over m Exposure to Bankrupt Crypto Miner Compute North

Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North

Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern last month District of Texas. According to an official statement, Marathon has about $10 million invested in …

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Why Job Market Resilience May Lead to US Fed Interest Rate Hike

Why Job Market Resilience May Lead to US Fed Interest Rate Hike

In Brief Some 263,000 more people were employed in the United States in September, according to the latest jobs report. The unemployment rate also dropped to 3.5% in Sept, down from 3.7% the month prior. The persistence in hiring will likely force the Federal Reserve to continue pursuing higher interest rates to cool down inflation. …

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Grayscale Investments Announces New Bitcoin Mining Venture

Grayscale Investments Announces New Bitcoin Mining Venture

Grayscale Investments, the world’s largest crypto assets manager, has announced the creation of a new entity called Grayscale Digital Infrastructure Opportunities LLC (“GDIO”) that will focus on Bitcoin mining infrastructure investments. In a press release, Grayscale stated that the venture will assist accredited investors to capitalize on the crypto market downturn. In particular, the co-investment vehicle …

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MCDONALD’S AND OTHER BUSINESSES NOW ACCEPT BITCOIN PAYMENTS IN LUGANO, SWITZERLAND

MCDONALD’S AND OTHER BUSINESSES NOW ACCEPT BITCOIN PAYMENTS IN LUGANO, SWITZERLAND

In partnership with Go Crypto, Plan ₿ Foundation is enabling bitcoin payments for the city of Lugano, Switzerland, including McDonald’s. Plan ₿ Foundation has on boarded multiple businesses in Lugano, Switzerland to accept bitcoin payments. The foundation expects to service over 2,500 customers by the end of the year. Plan ₿ partnered with GoCrypto to …

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India’s central bank outlines digital rupee CBDC plans

India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project. NEWS   The Reserve Bank of India (RBI) has outlined the proposed features and reasoning behind its in-development central bank digital currency (CBDC) in a 51-page note published on Oct. 7. The country’s …

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FTX and Visa partner to permit crypto payments in 40 countries

FTX and Visa partner to permit crypto payments in 40 countries

The FTX token surged over 7% on the news that Sam Bankman-Fried’s company, FTX, would roll out a debit card in partnership with payments giant Visa. Spending cryptocurrency may become a lot easier. FTX, one of the world’s largest crypto exchanges, has partnered with payments giant Visa to roll out debit cards in 40 countries …

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BNB Smart Chain Resumes Operations After 0M Exploit

BNB Smart Chain Resumes Operations After $100M Exploit

A tweet from the official BNB chain Twitter account indicates the chain is back in operation after pushing out a software update to freeze hackers’ accounts. The BNB Smart Chain (BSC) resumed operations at around 06:40 Coordinated Universal Time (UTC) as chain validators adopted a software update that would close the exploit used by hackers …

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ADA Emerges Among Top 10 Most-Purchased Assets as Whales Hold  Million in It

ADA Emerges Among Top 10 Most-Purchased Assets as Whales Hold $5 Million in It

WhaleStats wallet tracker that is focused on the largest wallets on BSC, Ethereum and a few other blockchains has tweeted that for the top wallets on BSC (also known as BNB Chain), Cardano’s ADA has become one of the top 10 most-purchased digital currencies. At the time of the publication, the largest whales on BSC own …

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