Author: e_cash_top

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[ad_1] The cryptocurrency market cap saw net outflows of $3.64 billion since the last wMarket report. As of press time, the total crypto market cap stood at $920.06 billion, down 0.4% over the last 24 hours. Bitcoin’s market cap fell 0.6% over the reporting period to $369.10 billion from $369.10 billion. Meanwhile, Ethereum’s market cap…

Bitcoin, DeFi space see light, NFT market declines in Q3

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[ad_1] Coingecko released a report about the current state of the digital asset industry for the third quarter of 2022, which indicates a quieter environment than what was experienced in Q1 and Q2. The most notable of the pointers in the recent release is how the cryptocurrency market cap made an encouraging recovery. As outlined…

IRS classifies NFTs as digital assets; retail investors group seeks to track down Do Kwon

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[ad_1] The biggest news in the cryptoverse for Oct. 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush, Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes. US tax watchdog classifies…

UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry

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in Guides

[ad_1] External member of the UK Financial Policy Committee Carolyn Wilkins has argued that the current decentralized finance governance structure is more centralized than it claims to be. Carolyn Wilkins in an Oct. 19 speech, said that crypto protocols need to re-examine their decision-making process which is largely “centralized” and adopt best practices to improve…

Here’s why Aptos (APT) crashed 45% on first day of trading

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[ad_1] Layer-1 blockchain network Aptos crashed by roughly 45% on its first day of trading to $8.15, according to CoinGecko data. On Binance, APT’s value briefly spiked to as high as $59.39 before crashing to under $10. The crypto exchange accounts for over 50% of the token’s trading volume over the last 24 hours. Aptos…

Island nation of Madeira hopes to copy El Salvador’s Bitcoin success

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[ad_1] The President of Madeira, Miguel Albuquerque, announced his explicit support for Bitcoin in May, saying BTC and Bitcoiners are welcome. The President further added that plans are in place with infrastructure startup Jan3 to broaden integrations with the local economy. “Me, and Samson [Mow], and Jan3, [are] going to continue to work to the…

Bitcoin mining could help slow climate change

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[ad_1] The dominant media narrative surrounding Bitcoin has been one of an energy-guzzling digital asset used for speculation. Institutions ranging from local governments to the World Economic Forum (WEF) have been touting Bitcoin’s energy usage as a huge driving factor of climate change, issuing reports comparing its energy consumption to various nation-states. This narrative was…

Cardano NFTs touted as next gold rush after ‘Ford Edwards’ sells for $65,000

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[ad_1] Twitter user @ShiLLin_ViLLian posted details of a Cardano NFT that sold for 180,000 ADA, or $64,300 at today’s price. This Cardano NFT sold for 180,000 ADA pic.twitter.com/9u449BL2sV — Alex❓ (@ShiLLin_ViLLian) October 18, 2022 The “Ford Edwards” belongs to The Ape Society Collection, recently launched by anonymous developers Cardman, Congo, and Matasa. The holder’s husband…

Top 10 metaverse tokens tank as interest wanes

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[ad_1] Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. According to CryptoSlate data, Bored Apes affiliated ApeCoin (APE) has shed 26.42% in the last 30 days. Over the seven-day metrics, it has lost…

Blockchain advocacy groups file motion to support Grayscale in lawsuit against SEC

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