Rishi Sunak Appointed as UK PM Could Be The Next Step Towards UK Becoming The Crypto Hub

The U.K. government has officially appointed Rishi Sunak as the country’s new Prime Minister following Liz Truss’ controversial exit from office last week. During his time as finance minister under former Prime Minister Boris Johnson, Rishi Sunak announced he wanted to turn the U.K. into a crypto hub. He helped usher in the Financial Services …

This Is Why BitMEX Co-Founder Arthur Hayes Believes Solana and Others Won’t Beat Ethereum Yet

BitMEX co-founder Arthur Hayes has high hopes for Ethereum, saying that competitors like Solana would not beat it. Hayes is bullish on Ethereum because of the amount of development going on in its ecosystem, which he says is more important than transactions per second or lower gas fees. Ethereum does beat other networks on many …

Binance Blows Crypto Exchange Competitors Away With 55% Dominance Over Spot Trading Volume

Summary Crypto exchange Binance powered over half of the total spot trading volume in the last 24 hours, per data from The Block Research. Changpeng Zhao’s exchange also leads trading volume for crypto derivative products. The platform is miles ahead of other exchanges with the closest competitor being Upbit. Binance.US also edged ahead of FTX.US …

Santander bank trials blockchain platform for used cars in Brazil

Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration. Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cointelegraph Brasil reported on Oct. 19. The platform is designed to automate the process …

Japan’s International Payments System will test plastic cards for CBDC

Japan Credit Bureau (JCB), a Japanese analog to international payments systems like Visa or Mastercard, announced the start of its central bank digital currency (CBDC) infrastructure testing. The project will assumably prepare the payments platform for a national CBDC, which is currently being tested by the Bank of Japan (BoJ).  The infrastructure project, announced by the …

Ripple lead engineer steps down after decade at the company

Ripple (XRP) Labs’ director of engineering Nik Bougalis has announced that he will leave the company after ten years in an Oct. 22 Twitter thread. “All good things…” My decade-long journey at @Ripple has been a fantastic (if exhausting and all-consuming) one. I got to work on a project that I love, towards a goal …

Crypto staking platform Freeway halts withdrawals, FatManTerra alleges Ponzi scheme

Freeway, a crypto-staking platform that touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. According to the notice posted on its website, the firm has “decided to diversify its asset base” to avoid future market volatility and increase the sustainability of the platform. Notice announcing …

Bitcoin mining difficulty rises 3.4%, reaching new ATH

Mining difficulty comes closer to 160Z as the Difficulty Ribbon compresses, which have been good buying opportunities in the past. 1 min read Updated: October 24, 2022 at 10:08 am Cover art/illustration via CryptoSlate Bitcoin (BTC) network’s mining difficulty recorded a new all-time-high (ATH) on Oct. 23 as the difficulty increased by 3.4% to reach …

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