A popular crypto trader says XRP and one other mid-cap altcoin have the most bullish-looking price action on the market right now. Pseudonymous trader Kaleo tells his 535,000 Twitter followers that currently, XRP and smart contract platform Tron (TRX) have the most promising charts. “It’s 2022 and TRX and XRP are two of the best-looking …
Monthly archives: October 2022
Crypto’s downturn is about more than the macro environment
The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term. It’s been a tough year for risk assets across the board, and it’s fair to blame the macroeconomic situation. A combination of factors has ignited a surge of inflation in developed …
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Sam Bankman-Fried announces efficiency updates to FTX
The crypto derivatives platform is expected double its order throughput and significantly reduce order latency, according to its CEO. FTX CEO Sam Bankman-Fried announced in a series of tweets that, over the next month, the exchange is expected to roll out various improvements to its matching engine. 3) We’ll be rolling out a whole new …
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Multiverse Labs launches government-backed metaverse city in UAE
Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry. The …
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Bitcoin Price Prediction for Today, October 10: BTC/USD Bears Could Demolish $19,000 Support
The Bitcoin price prediction shows that BTC keeps trading below the moving averages as the coin touches $19,100 support. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,222 Bitcoin market cap – $368.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish …
As the crypto industry matures, demand for talent becomes less market-dependent
As the all-time highs from the previous two-year bull market fade and a new bear market appears to be settling in, only talented individuals with strong convictions will be able to find the motivation to devote themselves full-time to Web3, blockchain, and crypto. Many curious professionals with an interest in disruptive technology have flirted with …
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CryptoSlate Wrapped Daily: EU readying regulations on DeFi; Bitcoin mining difficulty reaches new ATH
The biggest news in the cryptosphere for Oct. 10 includes Dominic Frisby’s take on Bitcoin and gold investments, the EU Commission’s tender that signals a regulatory framework for DeFi, and BitBoy Crypto’s allegations against the former SEC director for accepting bribes to declare Ethereum a commodity. CryptoSlate Top Stories EU signals regulatory intent with study …
Dominic Frisby gives his take on investing in Bitcoin, gold
CryptoSlate sat down with Dominic Frisby, the author of Bitcoin: The Future of Money?, to discuss gold, Bitcoin, and geopolitics. The topics were fitting, given our collective fixation with all things macro at present, especially inflation, and the mechanics that have led us to this point. But also because Frisby is a staunch proponent of …
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Paul Tudor Jones sees Bitcoin much higher as fiscal excess unwinds
On holding Bitcoin, Hedge Fund Manager Paul Tudor Jones said he has “still got a very minor allocation, I’ve always had a small allocation to it.” This is despite its highly correlated moves with the risk-on market, not to mention stagnant price action lately, with the past month seeing the BTC price ranging between $18,300 …
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Excitement for crypto fades as investors pile into bonds
Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise. Investors flock to US Treasury bonds Investors appear to be piling in on US Treasury bonds because of their relative safe haven performance in light of the …
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Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist …
Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage
Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders …
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles …
Venom Foundation Is Boosting MENA Crypto Adoption
sponsored Today’s entrepreneurs in the MENA area are regarded as the forerunners in adopting global crypto trends; thus, enterprises must explore decentralization for commercial, governmental, and social initiatives. The first cryptocurrency foundation in the ADGM with permission to run a blockchain and issue utility tokens has been registered as Venom Foundation. ADGM is well recognized …
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Bancor Price Prediction for Today, October 10: BNT/USD Gets Ready to Touch $0.500 Level
The Bancor price prediction reveals that BNT is moving bullishly with a gain of 5.84%, as the coin prepares to cross above the channel. Bancor Prediction Statistics Data: Bancor price now – $0.457 Bancor market cap – $86.5 billion Bancor circulating supply – 198.8 million Bancor total supply – 198.5 million Bancor Coinmarketcap ranking – …