Cryptocurrency News Today Live Updates October and Latest News: (20 October 2022) The digital asset market continues to register a decline for the straight two days. The total crypto market cap is marginally down to stand at $920 billion. The cumulative 24-hour trading volume stands at $45.59 billion which is a drop of 15%.
The Asian traditional markets opened to register a fall. While bond yields register a spike over the indication of strong inflation and aggressive monetary policy to slow down the global economy.
During the Tesla earnings call on Wednesday, CEO Elon Musk expressed high confidence in his company’s potential. He said Tesla’s valuation will exceed the combined market capitalization of Apple and Saudi Aramco, the two most valuable companies in the world.
In what could be a major step towards crypto asset protection, the U.S. arm of Binance hired a new head of investigations. The company announced the appointment of former Federal Bureau of Investigation agent BJ Kang, who worked on several financial crime investigations during his time at the agency.
On-chain data showed that an Ethereum whale recently transferred $34 million worth of Shiba Inu (SHIB) tokens. As per data from Whale Alert, the whale transferred as many as 3 trillion SHIB tokens earlier in the week.
Liz Truss has resigned as prime minister of the United Kingdom after just 45 days in office. The major announcement has come amid the recent market crash.
Crypto exchange Binance receives its 4th regulatory approval in Europe. A new Crypto Asset Service Provider registration in Cyprus allows the crypto exchange to offer spot, custodian, staking, and card services in the country.
U.S. Bankruptcy Court for the Southern District of New York approves sale of Voyager Digital’s assets to crypto exchange FTX for $1.42 billion. Creditors approving the sale could recover 72% of crypto assets that they held before bankruptcy. Creditor votes are due by November 29 and final hearing is due in December.
Crypto fugitive Do Kwon allegedly has been on a run since the collapse of the Terra native token LUNA and stablecoin USTC. However, South Korea’s prosecutors have now revealed that Kwon left Singapore last month and now is residing in Dubai.
Binance’s DEX PancakeSwap on BSC has initiated a proposal to deploy to Aptos. It is expected to be completed by quarter 4 of 2022. It mentioned that the PCS has developed a strong relationship with the Aptos team. It is working with them to support their deployment on various products.
Mike McGlone, a Bloomberg senior commodity analyst hinted that Bitcoin (BTC) could be entering a harsh maturation stage. He suggested that Bitcoin’s diminishing supply could be unprecedented on a global scale.
The newly launched Aptos token prices finally stabilised after a massive drop of over 40% on the day of its airdrop. Aptos is trading at an average price of $7.38. However, Aptos has managed to get into the list of the top 100 cryptos.
The digital asset market continues to register a decline for the straight two days. The total crypto market cap is marginally down to stand at $920 billion. The cumulative 24 hour trading volume stands at $45.59 billion which is a drop of 15%.
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