Monthly archives: October 2022

Since the last wMarket report, the cryptocurrency market cap saw net inflows of $46.24 billion to $1,027 billion from $980.76 billion as of press time, up  4.7% over the reporting period. Since Oct. 28, Bitcoin’s market cap has increased 8.9% to $397.9 billion from $365.4 billion. Meanwhile, Ethereum’s market cap increased by 7.5% to $198.3 …

Continue reading “CryptoSlate Daily wMarket Update – Oct. 28-30: Mixed performance sees BNB lead large caps”

If Argo fails to secure another strategic investment, the cash-strapped company could shut down in the coming months. 2 min read Updated: October 31, 2022 at 11:13 am Cover art/illustration via CryptoSlate Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to …

Continue reading “Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless”

The Hong Kong government issued a crypto policy statement that clarified its plans to develop “a vibrant sector and ecosystem” for the nascent industry on October 31. The policy statement marks a key change for the government, which had recently revealed intentions to allow retail traders to invest directly in crypto. Hong Kong crypto regulations …

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The infamous Matt Damon, Fortune Favors the Brave advert for Crypto.com reached its first birthday this week. A Reddit user, u/gnarley_quinn, compiled a list of the significant Crypto.com advertising campaigns since the Matt Damon commercial launched in October 2021 and aligned it with the price of the native CRO token. When the Matt Damon commercial …

Continue reading “One year on from Crypto.com’s Matt Damon commercial, CRO outperformed Bitcoin”

Peter Brandt, a veteran future and FX trader, said on Oct. 30 that the Dogecoin (DOGE) spike signals the end of the bear market for the memecoin.  This is called a bear channel, the upside violation of which has ended the bear market that began at the May 2021 high $DOGE pic.twitter.com/pZT5yxMje6 — Peter Brandt …

Continue reading “Peter Brandt believes DOGE bear market is over but bulls yet to gain control”

A curated NFT marketplace is one where the access to sell an item is restricted. Only creators that are allowlisted (invited by an existing member or accepted by the platform curator) can offer their items there. While this helps build a strong community around the artists on the platform, it also can reduce its outreach …

Continue reading “Meet the NFT platforms where not just anybody can sell their collections”

Mercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cryptocurrency trading services in Mexico. The company has already launched this kind of service in Brazil, serving one million customers in the country, allowing them to purchase, store, and sell bitcoin and ethereum, and also to receive …

Continue reading “Mercado Pago Launches Cryptocurrency Trading Services in Mexico”

The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of …

Continue reading “Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency”

The Argentine Tax Authority (AFIP) is ramping up its fight against cryptocurrency-related tax evasion. On Oct. 28, the organization informed it had sent notifications to 3,997 taxpayers about incongruencies between their tax statements and reports on their cryptocurrency holdings. These statements being reviewed correspond to reports of operations happening in 2020. Argentine Tax Authority AFIP …

Continue reading “Argentine Tax Authority AFIP Notified 4,000 Crypto Holders to Amend Their Tax Statements”