The crypto derivatives platform is expected double its order throughput and significantly reduce order latency, according to its CEO. Source: https://cointelegraph.com/news/sam-bankman-fried-announces-efficiency-updates-to-ftx
Month: October 2022
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’ – Economics Bitcoin News
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 Lorne Gunter published an opinion…
Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains
After a 7-week rally in May and June that sent USD Coin’s market capitalization above $56 billion, an all-time high, Circle’s stablecoin has now lost all the ground it gained earlier this year. On Monday, USDC had a market cap of $46 billion—the lowest it’s been since January of this year. USDC was recently dealt a blow from an effort…
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. Source: https://cointelegraph.com/news/multiverse-labs-launches-government-backed-metaverse-city-in-uae
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13. Source: https://cointelegraph.com/news/oecd-releases-framework-to-combat-international-tax-evasion-using-digital-assets
Portugal Plans to Impose 28% Tax on Crypto Gains
The Portuguese government has proposed a new cryptocurrency tax policy that would take effect as part of its 2023 national budget, according to a government-issued report published Monday. Within the nearly 450-page macroeconomic strategy and fiscal policy report, a small section states that the Portuguese government will impose a 28% capital gains tax on cryptocurrency gains made within one year.…
Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage – Market Updates Bitcoin News
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 wondering whether we will see…
Price analysis 10/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Legacy markets continue to negatively impact Bitcoin price, but a positive sign is that the bulls have not allowed BTC to retest its June low. Source: https://cointelegraph.com/news/price-analysis-10-10-btc-eth-bnb-xrp-ada-sol-doge-dot-matic-shib
EU Lawmakers Pass Landmark Crypto Assets Regulation Bill
Europe is one step further on its way to regulating the crypto industry. European Union lawmakers today signed off the Markets in Crypto Assets Regulation (MiCA)—landmark legislation that hopes to regulate the digital asset space within the union. European Parliament officials voted 28 to 1 in favor of the legislation, which will, if passed in the next vote, require stricter…
Framework Ventures Co-Founder: Take the Web3 Out of Marketing Web3 Games
The crypto bear market may have chilled public interest in blockchain and cryptocurrency, but venture capital firms like Framework Ventures continue to pour billions into the industry. “There are three paths,” Framework Ventures co-founder Vance Spencer told Decrypt at Chainlink SmartCon. “There is traditional DeFi, we’re still investing in that. There’s the regulated DeFi [products], which is just emergent. And…