Shop Sephari

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $16,588.00 and BTC market dominance is %. The price of Ethereum is $1,199.53 and ETH market dominance is %. The best performing cryptoasset sector is Jobs, which gained 9%.
The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.
CZ said Binance’ $500 million investment in Elon Musk’s Twitter deal will help bridge the gap between social media and Web3, Ethereum price outperforms other L1 networks, and much more in this edition of CryptoSlate Wrapped Daily.
Cover art/illustration via CryptoSlate
The biggest news in the cryptoverse for Oct. 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter. 
The World’s richest man Elon Musk finally clinched ownership of Twitter today, with support from leading crypto exchange Binance.
Binance CEO  Changpeng ‘CZ’ Zhao confirmed that his company supported Musk’s $44 billion deal with a “small contribution” of $500 million. The contribution will help bridge the gap between social media and web3 and drive a wider adoption for the cryptocurrency industry.
It’s been a monumental week for Ethereum after its recent price gains saw it become the 50th most valuable asset globally, and now outpacing other Layer 1 networks.
According to CryptoSlate data, in the last seven days, ETH surged over 18.7% to cross the $1,500 mark, while other Layer-1 tokens like ATOM, MATIC, and SOL increased about 17.86%, 15.56%, and 12.49% respectively.
deBridge said it will launch a liquidity-on-demand infrastructure called DeSwap Liquidity Network (DLN), which will facilitate cross-chain transfers at zero slippage.
According to DLN’s design, it will provide on-demand liquidity, thus eliminating the need for protocols to lock up before completing transactions. The DLN infrastructure will help reduce the risk of bridge exploits, as the total value locked in protocols will remain zero.
Investment management firm Wisdom Tree said it lost about $87 million from its crypto holdings to the bear market, according to its third-quarter report.
Between June and September, it recorded about 36% in loss after its crypto holding fell from $265 million to $178 million.
Costa Rica’s congress has received the “Cryptoassets Market Law (MECA)” bill from Congresswoman Johana Obando.
The MECA bill seeks to recognize cryptocurrency as an investment asset in Costa Rica but will exempt crypto miners from paying taxes on their mining profits.
Celsius had requested the court’s approval for it to pay up to $2.9 million as retention bonuses to 62 employees helping out in its restructuring efforts.
The United States Trustee filed moved to oppose the motion stating that it is not logical for a company owing its customers billions of dollars to propose a multi-million bonus plan for employees. It argued that the unnamed employees may as well be insiders of the management team.
The Terra collapse which recorded over $60 billion as losses to investors, has been viewed as an undoing of the crypto industry. However, on-chain metrics analyzed by CryptoSlate suggest that it helped to increase Bitcoin’s long-term holding rate.
Bitcoin: LTHs net position change
Following the collapse in May, long-term holders declined significantly, however, since the start of September, the Long-Term Holder Net Position has surged to new highs.
As a result, long-term holders have been on the increase, while short-term holders are decreasing rapidly.
A Binance spokesperson told Reuters that the crypto exchange is creating a team to help Twitter integrate blockchain and crypto solutions, following Elon Musk’s takeover.
Twitter’s blockchain team will work at using on-chain solutions to reduce bot account issues plaguing the leading social media platform.
Twitter said it will integrate NFTs from Rarible, Magic Eden, DapperLabs, and Jump Trade on Twitter Tiles to make it easier for users to trade NFTs on the go.
Leading payment giant VISA has reportedly filed two trademark applications in the United States to offer services related to crypto wallets, non-fungible tokens (NFTs), and the Metaverse.
A software bug forced the THORChain blockchain to suspend operations on Oct. 27. Roughly 24 hours later, the project team announced that the issue has been rectified and that users’ funds are safe for access.
Sky News reported that the Premier League is offering up to £30 million to NFT platform Sorare,  to help create digital images of footballers across 20 English clubs.
Hong Kong is making a U-turn to its anti-crypto stance after it announced plans to legalize retail trading of cryptocurrencies, Bloomberg reported.
All crypto exchanges in the country will be mandated to obtain a regulatory license before they can offer trading services to retail investors.
In the last 24 hours, Bitcoin (BTC) increased by +1.05%  to trade at $20,650, while Ethereum (ETH) also increased by +2.35% to trade at $1,562.
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin is a consensus network that enables a new payment system and completely digital money. Learn more
Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications. Learn More
Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes. Learn More
OSMO is the token of the Osmosis Hub, first DEX for IBC connected coins built on the Cosmos SDK. Learn More
. Learn More
HUSD is an ERC-20 token that is 1:1 ratio pegged with USD. Learn More
GENSOKISHI Online, is the new GameFi version of an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide. Learn More
Cyber Dragon is a Play to Earn Game based on Binance Smart Chain. Learn More
Changpeng Zhao is a Chinese-Canadian business executive, who is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, as of April 2018. Learn More
The Cardano community is left wondering what happened as Ardana and Orbis end project development.
Crypto custodian, BitGo, has been selected by John Ray III, acting CEO at FTX to safeguard FTX’s assets amid bankruptcy proceedings.
Users’s IP address and Ethereum address will be collected when they send a transaction.
Are those who see any silver lining in the FTX collapse overly optimistic, or are they actually thinking long-term?
Amid waning user trust in exchanges in the wake of the FTX collapse, Buterin discusses how CEXs can cryptographically prove solvency.
Difficulty is expected to adjust down as hashrate slows suggesting a possible top is in
Struggling institutional crypto platform Genesis may be causing parent company DCG a billion-dollar problem that it cannot solve possibly linked to 3AC
Spotlighted investment vehicle Grayscale holds roughly $10B worth of Bitcoin after failure to produce proof of reserves.
Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered
SBF loss over $15B in one day according to data reviewed from the Bloomberg Terminal
Coinglass data shows that FTX’s BTC balance is now negative at -197.95 BTC after over 20K BTC left the exchange in the past 24hrs
Their liabilities are evaluated as a part of an audit and are included in the proof-of-reserves.
Chief from Axie.GG sees the future of blockchain gaming in esports, and expects Axie Infinity to lose leadership but remain a part of the ecosystem.
Got a story tip? Email [email protected]
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2022 CryptoSlate. All rights reserved. Terms | Privacy

Please add [email protected] to your email whitelist.
Stay connected via

source

Shop Sephari

Leave a Reply